Barclays: The bullish move in UK bonds has provided a catalyst for further GBP weakness. We look for further downside toward targets in the 1.6660 area next. Any rallies toward 1.7000/45 (2009 peak) would provide an opportunity to sell. Read more Trading Look
Cable Update (GBPUSD)
- #377,763
- May 15, 2014 7:15am May 15, 2014 7:15am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
not really dustbins trades ... more like in my sleep trades but hey, I will take them for a +41 {image}
... Nothing beats waking to profits.
Ghost Rider - WWTBMD?
- #377,765
- May 15, 2014 7:16am May 15, 2014 7:16am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Hmm… indices all looking ‘toppy’ but with Guppy profile trends on daily and weekly TFs that would suggest further upside.
Dollar had a touch of a pump north today as some of the indices (FTSE and DOW) kissed major fibs above, but this seems to have waned. I do note that the FTSE keeps kissing the -23.6 fib and dropping, so perhaps this is telling.
Today’s US news is the biggest ‘event’ for us retailers; and it strikes me that once again the market has positioned itself for this. And again, I would not be surprised to learn that the market already knows the outcome of the news, but cannot trade pre-emptively.
It therefore remains for me to state that perhaps the US numbers are going to disappoint, and thus help those that pushed Sterling and the Euro down, and the dollar up, to profit in the opposite direction this afternoon.
Then again, maybe today will be a dud…
FTSE Daily
Dollar had a touch of a pump north today as some of the indices (FTSE and DOW) kissed major fibs above, but this seems to have waned. I do note that the FTSE keeps kissing the -23.6 fib and dropping, so perhaps this is telling.
Today’s US news is the biggest ‘event’ for us retailers; and it strikes me that once again the market has positioned itself for this. And again, I would not be surprised to learn that the market already knows the outcome of the news, but cannot trade pre-emptively.
It therefore remains for me to state that perhaps the US numbers are going to disappoint, and thus help those that pushed Sterling and the Euro down, and the dollar up, to profit in the opposite direction this afternoon.
Then again, maybe today will be a dud…
FTSE Daily
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #377,766
- May 15, 2014 7:23am May 15, 2014 7:23am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #377,767
- May 15, 2014 7:23am May 15, 2014 7:23am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #377,775
- May 15, 2014 7:38am May 15, 2014 7:38am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
