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Cable Update (GBPUSD)

  • #442,621
  • Oct 6, 2016 1:02am Oct 6, 2016 1:02am
Quoting Bicarus
Mr Scoffield replied: Were not asking you to do that and argued that while Parliament retained ultimate authority, the executive branch of government should bring the Article 50 issue to Parliament and that MPs should be given the benefit of the devolved administrations views. The judge said: Surely these are matters of politics for the government to decide, not matters for a court to decide? Representing the government, Tony McGleenan QC said: The court has heard submissions that touch on matters of politics and submissions which have been rhetorical...
northern ireland vs cabinet will end tomorrow.

13 & 17 oct. will be another case of the peoples challenger group vs cabinet

https://www.ft.com/content/c8c5ff24-...7-eb4b4333ee43
  • #442,622
  • Oct 6, 2016 1:09am Oct 6, 2016 1:09am
Quoting jurek
GBP/JPY rocketing. Will G/U follow?
Gbp/Jpy does give Cable a boost and depends on market conditions...

Usually when Nikkei is on the move upwards('Risk On Day') it means the Yen is being sold off as Yen these days is seen as a 'safe haven' currencies. One of the oddities of FX trading because Japan has more debt than any country on Earth...

The move yseterday was more about dollar strength as there was very good US economic data came out so US dollar strengthening meaning Yen weakening. So traders buying UD dollars and selling Yen and Yen weakening means Gbp/Jpy gets a boost to, infact pretty much mirrors Usd/Jpy.
There was good cheer for Cable as well due to Prime minister May actually not knifing Cable in the throat for a change and good PMIs, so there has been a hattrick of green PMIs....

Today is a whole new day and at the moment indicators are pointing south so if your buying wait until Eur/Gbp hits resistance unless there is a change in sentiment....
Don't Leave Money on the Table
  • #442,623
  • Oct 6, 2016 1:11am Oct 6, 2016 1:11am
Quoting KucinkGaronk
If you observing how cable behave recently under brexit issue, price always drop entering london season....whatever it is...
I think it has always done that, for last 10 plus years anyway....my guess is UK traders looking for a better entry point...
Don't Leave Money on the Table
  • #442,624
  • Oct 6, 2016 1:18am Oct 6, 2016 1:18am
Quoting HaLBot
{quote} I think it has always done that, for last 10 plus years anyway....my guess is UK traders looking for a better entry point...

It doesn't always drop, it rather follows the trend from asian session (most of the time). UK traders come in the next hour.
  • #442,625
  • Oct 6, 2016 1:27am Oct 6, 2016 1:27am
Quoting mades
{quote} It doesn't always drop, it rather follows the trend from asian session (most of the time). UK traders come in the next hour.
Well unless I'm blind time and time again I see Cable drop 30 odd pips before Euro/UK session.....LOL

Eur/Gbp at 3 and a half year highs so hitting resistance and Eurostoxx futures up so posible 'Risk On' day and Cable up in early Euro session....possibly carried over from yesterday

And your right it doesn't always drop...

Indicators are still in negative territory thou...even on the one minute chart
Don't Leave Money on the Table
  • #442,626
  • Oct 6, 2016 1:33am Oct 6, 2016 1:33am
Just added 5 lot 2705 add 2750 over sl is tight 8 pips pp at 2715
  • #442,627
  • Oct 6, 2016 1:38am Oct 6, 2016 1:38am
Quoting HaLBot
{quote} Well unless I'm blind time and time again I see Cable drop 30 odd pips before Euro/UK session.....LOL Eur/Gbp at 3 and a half year highs so hitting resistance and Eurostoxx futures up so posible 'Risk On' day and Cable up in early Euro session....possibly carried over from yesterday And your right it doesn't always drop... Indicators are still in negative territory thou...even on the one minute chart
Yes i have it on all usd pairs. Charts are screaming buy dollar. Euro session btw begins at 08.00 CET and London one hour later. Also cable can usually drop much more than 30 pips during the pre-London hour. I'm wondering if its the fact that liquidity is still quite thin and it's easier for traders to move the price.
  • #442,628
  • Oct 6, 2016 1:38am Oct 6, 2016 1:38am
Option Expiries from forexlive.com....

Interesting spread on Gbp/Usd, I'm not sure how to inteprete that, anyone got any ideas???

I know options can greatly impact price when big players don't want the price to go over or below a certain price and then once it's expired price can take off...
http://orders.forexlive.com/!/option...6-oct-20161006
Don't Leave Money on the Table
  • #442,629
  • Oct 6, 2016 1:40am Oct 6, 2016 1:40am
Quoting mades
{quote} Yes i have it on all usd pairs. Charts are screaming buy dollar. Euro session btw begins at 08.00 CET and London one hour later. Also cable can usually drop much more than 30 pips during the pre-London hour. I'm wondering if its the fact that liquidity is still quite thin and it's easier for traders to move the price.
Makes a whole lotta sense...
Don't Leave Money on the Table
  • #442,630
  • Oct 6, 2016 1:42am Oct 6, 2016 1:42am
Although this is not about GBPUSD, but for those tracking the EURGBP, it should be interesting to observe that the northward move is apparently targeting and revisiting the 0.88893 area (upper/highest dotted line in magenta colour), an area it last visited in August 2011. Trade safe.

KP

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Do your homework, follow the footprints of smart money
  • #442,631
  • Oct 6, 2016 2:04am Oct 6, 2016 2:04am
Price is getting above 200ma on the One minute chart, always a good sign to go long for me....
Don't Leave Money on the Table
  • #442,632
  • Oct 6, 2016 2:08am Oct 6, 2016 2:08am
Quoting HaLBot
Price is getting above 200ma on the One minute chart, always a good sign to go long for me....
Nice pinbar with volume on 1H too. I guess this might be the ever expected reversal if supported during the day by dollar selling.
  • #442,633
  • Oct 6, 2016 2:14am Oct 6, 2016 2:14am
Quoting FxIpMan
there was a rejection at pivot 2767 earlier today. long until at least pivot gets tested again. Also Credit Suisse and others have placed pending sell orders around 2914
I always ask myself why do big financials announce their trades to the public?
  • #442,634
  • Oct 6, 2016 2:18am Oct 6, 2016 2:18am
Quoting Bones
I'm talking fundamental turn Carney will be history I'm more than happy I posted enough tech right
Since Carney has been in charge of BOE and Bank of Canada he has never raised interest rates only lowered them.

interesting fact I heard
  • #442,635
  • Oct 6, 2016 2:20am Oct 6, 2016 2:20am
Quoting el_duende
{quote} I always ask myself why do big financials announce their trades to the public?
Its just some crap analyst for their investors

You really think their trading desk would give out such info ?

No way! What happens in a trading room stays there...
Make money by doing the opposite of Giveachance aka loser
  • #442,636
  • Oct 6, 2016 2:24am Oct 6, 2016 2:24am
Quoting el_duende
{quote} Since Carney has been in charge of BOE and Bank of Canada he has never raised interest rates only lowered them. interesting fact I heard
You got Greenspan to thank for that....he knew the US economy was going to tank but didn't want it happening while he was in charge. So he kept lowering rates to prop up an ailing economy and the rest of the world had no choice but to follow suit.

Everyone makes out Greenspan to be this financial guru yet in a documentary on him he confided in a friend that he didn't know what was real or not....this friend then suggested he become part of a circle who regularly visited Ayn Rand.....I guess to be really screwed up by her teachings....LOL
And this was the guy who ran the US economy....as they say 'Truth is stranger than fiction'
Don't Leave Money on the Table
  • #442,637
  • Oct 6, 2016 2:26am Oct 6, 2016 2:26am
Quoting el_duende
{quote} I always ask myself why do big financials announce their trades to the public?
not exactly public. its from a paid feed. but yes the info is not kept a secret. its mostly info for their client base.
  • #442,638
  • Oct 6, 2016 2:37am Oct 6, 2016 2:37am
Quoting HaLBot
{quote} You got Greenspan to thank for that....he knew the US economy was going to tank but didn't want it happening while he was in charge. So he kept lowering rates to prop up an ailing economy and the rest of the world had no choice but to follow suit. Everyone makes out Greenspan to be this financial guru yet in a documentary on him he confided in a friend that he didn't know what was real or not....this friend then suggested he become part of a circle who regularly visited Ayn Rand.....I guess to be really screwed up by her teachings....LOL...
Before Carney how can we not forget Mervyn King - famous for quotes such as this

When I was a graduate student at Harvard, I learned about showers and central heating. Ten years later, I learned about breakfast meetings. These are America's three great contributions to civilization.
  • #442,639
  • Oct 6, 2016 2:38am Oct 6, 2016 2:38am
Day before NFP... don't expect a turn today ... range maybe even going down to 26500
  • #442,640
  • Oct 6, 2016 2:42am Oct 6, 2016 2:42am
126 for sure with a dip into the 125's has to be logical way to easy to see this as a turning point.
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