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Cable Update (GBPUSD)

  • #365,781
  • Feb 25, 2014 4:16am Feb 25, 2014 4:16am
BOE's McCafferty: Market expectations of first BOE rate hike in Q2 2015 "not unreasonable"

 

  1. Risks of earlier or later rate hike by BOE "reasonably well balanced"
  2. Sterling strength at current level not a major problem for UK exports
  3. Would get more worried if sterling were to rise further
  4. If sterling rises more BOE would then need to consider its strength when setting future monetary policy
  5. Watching for inflation risks, early 2014 wage talks "quite critical"
  6. BOE would consider slightly earlier rate rise if inflation pressure bigger than expected


So its not coming down anytime soon.

Everything you want lies on the other side of fear.
  • #365,782
  • Feb 25, 2014 4:20am Feb 25, 2014 4:20am
Quoting gamma10ten
waiting to take off this planet or sink to the marina trench ...... too much drama Mariana Trench
You must be real angry, single post #1 from 2007 is to sink the planet
  • #365,783
  • Feb 25, 2014 4:20am Feb 25, 2014 4:20am
Attached Image (click to enlarge)
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  • #365,784
  • Feb 25, 2014 4:23am Feb 25, 2014 4:23am
Quoting JimmyC
{quote} Arek, the biggest issue is you can't have an equity market FTSE at multi year (14) highs and a currency at multiyear high's. That places the market out of balance something has to give... Will it be the pound or the FTSE? The $ or the SPX etc etc Your assessment is therefore correct
Thanks, appreciate response.
  • #365,785
  • Feb 25, 2014 4:23am Feb 25, 2014 4:23am
yesterday was up, overnight was up, London open was up so it was a no brainer wasn't it ? It is now biggest retrace on the down move since 6823...broken downward trendline on 4hr but no close above it yet....has market collected a few stops above 6700 before a move down again or is this the recovery bedding ? Sudden move above 6700 was the reaction to an MPC member comment I think.

Best Wishes.
it's all gone a bit........
  • #365,786
  • Feb 25, 2014 4:29am Feb 25, 2014 4:29am
CAD is the only thing that has move in the past week basically. The fact that GBP and UK 2 year rates didnt event sneeze at three prints of bad data last week is kind of discouraging. I'd almost rather just go play EURUSD now when it breaks out of 1.3700-1.3800.

There is no way to known how much of this is just based on Vodafone flow though.
Twitter: @TrendersGame
  • #365,787
  • Feb 25, 2014 4:29am Feb 25, 2014 4:29am
ok new short order 6723 could give a double top on the 4 hour sl 6757 but will watch the 1 min for any moves noting 6685 in case of false move on the 4 hour tl
  • #365,788
  • Feb 25, 2014 4:33am Feb 25, 2014 4:33am
BOE’s McCafferty says he’s more worried if pound rises further

Out just now which will have helped put a cap on cable after that burst for the line

  1. current level not a major problem for UK exporters
  2. if it were to rise further then BOE would need to consider it for monetary policy
  3. risks between earlier/later interest rate rise are well balanced
  4. expectatiions of Q2 2015 rate hike not unreasonable

  • #365,789
  • Feb 25, 2014 4:56am Feb 25, 2014 4:56am
Quoting kuroro001
Okay good boy, make it to the top now
you could be right, 1.674x looks possible..
Patience is a virtue...
  • #365,790
  • Feb 25, 2014 5:02am Feb 25, 2014 5:02am
GBPUSD- ACB noted seller on cable spike.. (Asian commercial bank offers at 1.67)
  • #365,791
  • Feb 25, 2014 5:36am Feb 25, 2014 5:36am
  •  ysab
  • | Joined May 2013 | Status: Love the Prophet of mercy | 33 Posts
Quoting Dano12
{image}
Why not? It is possible.
Why not to fail in midway?
Why not drop from 1.685? It is possible too.
  • #365,792
  • Feb 25, 2014 5:37am Feb 25, 2014 5:37am
nothing changed ,keep holding my shorts.
the Looonger it stays at the top , the moore pain when the fall has come
A handful of patience is worth a bushel of brains
  • #365,793
  • Feb 25, 2014 6:23am Feb 25, 2014 6:23am
what we need is a hammer at 6702 on the 4 hour chart that will hammer the nail in,LOL
  • #365,794
  • Feb 25, 2014 6:29am Feb 25, 2014 6:29am
Quoting elbert3
what we need is a hammer at 6702 on the 4 hour chart that will hammer the nail in,LOL
Stops have to be cleared first, but a clear break of 1,6702 would be a very bullish sign for me.
Fix up, trade sharp ...
  • #365,795
  • Feb 25, 2014 6:31am Feb 25, 2014 6:31am
cable will hit 16,790 before it falls very far, might have to fall back a little first because the smaller time frames are a mess, but that's where we'll be headed later today or tomorrow.
  • #365,796
  • Feb 25, 2014 6:32am Feb 25, 2014 6:32am
Who is agree with this?
I wanna know your ideas.
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  • #365,797
  • Feb 25, 2014 6:33am Feb 25, 2014 6:33am
Quoting cat
cable will hit 16,790 before it falls very far, might have to fall back a little first because the smaller time frames are a mess, but that's where we'll be headed later today or tomorrow.
wont surprise me if she ends up around 1.7100 area with in the next 2 weeks
  • #365,798
  • Feb 25, 2014 6:37am Feb 25, 2014 6:37am
Quoting PoundTrader
{quote}wont surprise me if she ends up around 1.7100 area with in the next 2 weeks
it would me actually, though no reason why it shouldn't, but I think 17,000 may well hold it if it gets there. We'll see. Very bullish now though for sure, no reason to sell.
  • #365,799
  • Feb 25, 2014 6:43am Feb 25, 2014 6:43am
3 min the EU announcement ... sideways I think down
  • #365,800
  • Feb 25, 2014 6:43am Feb 25, 2014 6:43am
Quoting HCGroup
Who is agree with this? I wanna know your ideas. {image}
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