Cable Update (GBPUSD)

cable has done amazing to get up here..damn bro ..i hope this mofo sinks next year otherwise 2014 is gonna be very bad for me..

happy new year!!!..may it bring us good fortune and good health

thx bro..

Fellow Traders,


Best wishes for a healthy and prosperous New Year 2014!


May all of our account balances be bullish.

This is a continued 7 months bull run, the next bear is not far away and it will be a hard bear run hope it falls to at least 1.54xxx
Don't you think NFP would drive the bear for a while? its coming next week.

I hear everyone talking technical but no fundamentals. Any views?

Happy New year bro!!

If US Economy is doing well, that means people will get rid of their dollars and exchange them for stocks. When they do that, it makes the dollar weaker.

Thanks bro. All the best for the New Year to you as well.

I used to try and predict where price went and often got it miserably wrong...some are saying cable 1.55, others saying 1.8...just follow the trend and have a PLAN...exit plan if what you thought goes wrong...

personally, with US bond yields increasing, that will only dampen the US recovery, neither US inflation or current employment warrants increasing interest rates...so continuation of QE, further devalution of dollar, or alternate means is required to help...this all means cable will further increase in value, until the spotlight is truely on the UK economy (an economy based on debt and not on actual real growth)...so could hit 1.7/1.75 and 1.8...just follow the trend till it changes

good luck all in 2014...but being able to switch between bullish and bearish is what keeps u making money rather than losing it being stubbornly wrong

Baggi
One of the biggest movers of price is none farm employment.Already consumer confidence is showing green numbers.Market is yet to react to these numbers.Remember we have no liquidity now.If NFP numbers come out positive even in fraction expect drop.
Regards

Have a profitable new year bro!

just took all profit as we might come off a top ,but have a long buy 1.65620 to go back in to the upper weekly trend line and i have a long buy back at the 32 fib of todays move at 1.65400 sl 1 6461 and thats me not going to look till monday .nothing better than closing in profit and no worries over the week end . happy new year to all

Fundamentally the reason given by many traders for G/U rising sharply, is the belief that BofE will be the first to increase interest rates.

I think a rate rise will not happen due to political reasons in the UK.

The conservative government's key to winning the next general election in May 2015 is the recovering economy. However this recovery is only being felt by the rich and corporates, the working classes are not actually feeling a recovery at all but are getting worse off year on year. Labours main tactic will be fighting the election arguing the workers are not seeing any recovery and their living wages are getting less.

The cost of energy and food has rocketed (isn't reported in inflation figures) and your average worker is severely feeling this in their wages, year on year they are actually getting poorer and having less money to spend. Wages have not been keeping pace with inflation. Too increase the interest rate would mean massive hardships on a households income that will be paying out more money in mortgage repayments. This would be political disaster for Tory government with many voting for labour. (Labour have already pledged to freeze energy prices for several years if they got too power)

Therefore rates politically will unlikely rise until after May 2015 IMO.


People mention the 7% job figure as to when rates will increase. A few points

* This figure is largely made up of part time and zero hour contract jobs, these are jobs not paying a living wage and not contributing too the economy.

* Manufacturing and exports is on a rise however a strong GBP is bad for this. Too high and companies cannot be competitive with other countries and so result in job losses.

* BofE have said the 7% isn't a guaranteed figure, they can change this too 6% for example.


I'm thinking that there may be a trend change in January (as their often is) as I believe the big boys are forcing price to a certain level to eat up stops and get a cheap price for a move down. The BofE have said they are worried about high GBP which could mean some intervention and a catalyst for a move down.

Technically we are very bullish but fundamentally it doesn't feel right to me. Can't wait for new year to see what happens

Just as they did in one of the biggest and most sustained GBPUSD bull runs in recent history leading up to 2007

Happy New Year folks

enjoy 2014

http://www.arkive.org/polar-bear/urs...video-06b.html

Good Evening from SA.

GMT + 2 (23:20)
To my countrymen Happy Hogmanay! Alba Gu Brath! (Scotland until judgment / Scotland forever) for you Sassenachs!

GU 1H

Trade continues intact for now... Will be back to work on the 2nd

Fellow Traders
Many green pips to you all and a Happy New Year for 2014

No, more like the market crash in 2008 that lead to a bear run in GBPUSD.

Your saying the conversion of USD to stocks (as per your previous post) is bearish GBPUSD??

interesting.......

It's now clear to me The monthly consolidation at 1.48 was the mother of all turning points.
Ill close our my trades at 1.73.
Underwater bears can hold on if you want....

Happy New Year

The opposite of that.

If people are converting USD to stocks, as they are doing now (Stock market at all time highs) it's bullish GBPUSD.

If people are converting stocks to USD, as they did back in 2008 (Stock market crashed) it's bearish GBPUSD.