Cable Update (GBPUSD)

Quoting albchr

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{quote} LOL.... I know you guys pretty much hate each other. That's fine. I was not, nor am I critiquing "personalities" on either side here. Only the facts. Regarding the "facts", I think if you look at BOTH the image posted about EU AND the words written in the post, you'll see if it was correct or not buddy. At least the inference I took from the post was, he was posting an image about EU, but the post words were written about GU. Quite misleading in my humble view.

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Quoting Ill-b-back

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{quote} I saw it as 2 different points. The fact Davit was bearish on GU due to UK fundamentals and his "anticipation" of markets response to Carney. Putting a positive, patriotic spin on RED US numbers and a negative spin on GREEN UK numbers carries its own consequences, yet he educates us on Fundamentals?? The EU post I saw as a separate "incident".

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Quoting JimmyC

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Talent and capability.... Don't always originate from where you think they will http://youtu.be/i3XvFITLi6Q

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Quoting Ill-b-back

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{quote} Actually, it seems the post was correct. It quotes him saying we are clueless idiots for thinking Euro will go to 1.4-1.44, yet he now says he doesn't care if it goes to 1.4 as he will keep selling from there. The guy likes to impart his fundamental knowledge and " exchange ideas", but when fundi ideas from a balanced perspective not just Euro of UK are offered up, no discussion is engaged in. He has a strong go at ridiculing traders such as Likerty and others for their views, as well as general statements such as that posted by Daily Chart....

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Quoting JimmyC

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Talent and capability.... Don't always originate from where you think they will http://youtu.be/i3XvFITLi6Q

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Quoting Carlicus

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{quote} I totally agree with you. But being strict (and just kidding), the euro didn't reach 1.4, it only traded at 1.39669 according to my broker, So for the moment he was right, those idiots who thought euro reaching 1.40 were totally wrong by 0.00331

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Quoting eliteincome

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Gidday GBP/US This 1.70 target Feels like YEN before it broke the 100 Its trying to catch the we spikes,an get out of them in time. Never traded this pair at these levels so its all new to most of the traders in the forum. I get a bit dizzy when traders talking 148 to 2.00 etc Mind blowing stuff Yeah reduced my trade size,an cleared out some lemon shorts. So if this sucker decides to keep climbing Big wish would be catching the top an trading back down to 1.66 etc

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Quoting Tiggrrr

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GBP/USD Daily Chart Looks bearish enough for me {image}

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Quoting ruffryders

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{quote} weekly GU I don't see anything bearish in resistance becoming support @ psych level 6800. {image}

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Quoting ruffryders

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{quote} I don't see GU going to 7200-7400 as a big deal, in fact the mean close price on M1 since 92 is 6425 +1 std dev is 8000, and 0.5 std dev is 7400, so pretty much GUs is trading within +-1 std dev most times since 92 (4800 - 6400 - 8000). So not much surprise if we do 7400 until end of summer, especially considering pretty strong fundies in UK + the Astra Zeneca deal (almost 40% cash @ 110 bln USD, Pfizer will have to buy quite a lot of pounds + the tax imlications - the taxes will be mostly paid by UK listed entity), which I think ultimately...

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Quoting Carlicus

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{quote} Talking about big fishes, Deutsche Bank is the biggest one here, since its overall market share was 15.18% last year. And guess what? Deutsche Bank perspectives on GBPUSD are not exactly bullish ... The attached image is from Deutsche Bank's march report, and they're expecting 1.61 for mid summer. In fact they have been bearish since long ago. Moreover...

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Quote

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Gilts returned 3.3 percent this year through May 1, according to Bloomberg World Bond Indexes. German securities earned 3.2 percent and U.S. Treasuries gained 2.6 percent.

Quoting ruffryders

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{quote} Show me where is DB in this ranking than. http://media.bloomberg.com/bb/avfile/rfYZiaJRSKk4 If you are relying on IB forecasts for the trading direction, you might as well flip the coin to aid in your trading.

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Quoting albchr

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{quote} A really close 11 ....

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Quoting ruffryders

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{quote} DB analyst hiding in the bushes. {image}

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Quoting ruffryders

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{quote} Show me where is DB in this ranking than. http://media.bloomberg.com/bb/avfile/rfYZiaJRSKk4 If you are relying on IB forecasts for the trading direction, you might as well flip the coin to aid in your trading.

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