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Cable Update (GBPUSD)

  • #444,941
  • Nov 3, 2016 8:10am Nov 3, 2016 8:10am
Is this the resurrection of Gbp?
  • #444,942
  • Nov 3, 2016 8:11am Nov 3, 2016 8:11am
Quoting hilmy83
{quote} i think sellers are waiting on 1.25, news should push it there.
which news ?
  • #444,943
  • Nov 3, 2016 8:12am Nov 3, 2016 8:12am
am waiting for more buyers here ... too quiet right now ...
  • #444,944
  • Nov 3, 2016 8:13am Nov 3, 2016 8:13am
Quoting arasheed
{quote} AND where are the BUYERS ???
nice selling point here...
  • #444,945
  • Nov 3, 2016 8:17am Nov 3, 2016 8:17am
Quoting polonoon
{quote} which news ?
ISM news

Attached Image
  • #444,946
  • Nov 3, 2016 8:21am Nov 3, 2016 8:21am
Quoting nessus94
Good to see it rising Looking for sells now
I love shorting gbp, however go against a 200+ pips trend can be suicidal )
  • #444,947
  • Nov 3, 2016 8:23am Nov 3, 2016 8:23am
this is my prediction for the rest of the day

moves to 1.2460, sellers jump in (can't miss this new bear move wooo!)

price close above 1.25 (...damn)

price hovers 1.2490+/-10 pips ....
  • #444,948
  • Nov 3, 2016 8:28am Nov 3, 2016 8:28am
Carney paints a glum picture of the uk - but he seems to have discounted the fact that there are many nations outside of the EU that wish to do business with UK
Also Parliament will go for a soft Brexit. The issue is will the EU accept this model
  • #444,949
  • Nov 3, 2016 8:36am Nov 3, 2016 8:36am
Quoting arasheed
{quote} AND where are the BUYERS ???
The buy game is exhausted, ADR filled to the brim and overflowing
  • #444,950
  • Nov 3, 2016 8:39am Nov 3, 2016 8:39am
Quoting GrabThePip
{quote} I love shorting gbp, however go against a 200+ pips trend can be suicidal )
This ain't a trend, just an event, after NFP and the election, the real direction of the UK and US economy will be declared.
  • #444,951
  • Nov 3, 2016 8:39am Nov 3, 2016 8:39am
Quoting Fader123
but he seems to have discounted the fact that there are many nations outside of the EU that wish to do business with UK Also Parliament will go for a soft Brexit. The issue is will the EU accept this model
wanting to deal with a country is one thing being able to another, there is a reason why trade deals take more then a few month and it not only about trading (selling) for the UK it is more about resources that have to be bought in. Sure you can source from other countries, but than again deal take time, infrastructures for this deal have to be build, reliability of trades might be not as good as with proven partners .... there is just a lot of uncertainty on the one hand and on the other hand not much of a plan ... so I think Carney does well to prepare for a not so rosy time, if it comes better I am sure he will welcome this and revise his statement. But promising a good time and not preparing for an not so good outcome is more something politicians do, not the BOE.
  • #444,952
  • Nov 3, 2016 8:40am Nov 3, 2016 8:40am
Bad news release for the USD and it pushes the GBP down? Go figure
  • #444,953
  • Nov 3, 2016 9:01am Nov 3, 2016 9:01am
Quoting yuddy
{quote} This ain't a trend, just an event, after NFP and the election, the real direction of the UK and US economy will be declared.
Seriously ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 47 KB
  • #444,954
  • Nov 3, 2016 9:02am Nov 3, 2016 9:02am
Quoting Nala66
Bad news release for the USD and it pushes the GBP down? Go figure
And another bad ISM data too, and GU takes flight
  • #444,955
  • Nov 3, 2016 9:04am Nov 3, 2016 9:04am
Quoting FXClarity
{quote} Seriously ? {image}
Like I said earlier the true price of the UK economy shall be declared next week.
  • #444,956
  • Nov 3, 2016 9:06am Nov 3, 2016 9:06am
Quoting Dalchow
{quote} wanting to deal with a country is one thing being able to another, there is a reason why trade deals take more then a few month and it not only about trading (selling) for the UK it is more about resources that have to be bought in. Sure you can source from other countries, but than again deal take time, infrastructures for this deal have to be build, reliability of trades might be not as good as with proven partners .... there is just a lot of uncertainty on the one hand and on the other hand not much of a plan ... so I think Carney does...
The BOE forecasts got it wrong about how Brexit would affect the economy- PMI figures have been strong since the summer
Also the "Brexit department" have been building up a team of lawyers to look at future negotiations
I think Carney had to temper his wording of no interest rate cuts in the short term with a more dovish conference
  • #444,957
  • Nov 3, 2016 9:24am Nov 3, 2016 9:24am
Quoting FXClarity
{quote} Seriously ? {image}
we shall see how Gbp will use it's new found high, good times for bulls and bears
  • #444,958
  • Nov 3, 2016 9:32am Nov 3, 2016 9:32am
Quoting yuddy
{quote} we shall see how Gbp will use it's new found high, good times for bulls and bears
I spent two weeks posting charts with a bias based on my interpretations of the shift to 'Long' along with the targets. So its common knowledge how I've traded it.

Now building positions into NZD too so I'll get back to work.

Wish you all well.

Trade safe and mind the leverage (Margin levels likely to be increased across the board shortly)
  • #444,959
  • Nov 3, 2016 10:14am Nov 3, 2016 10:14am
Quoting FXClarity
{quote} I spent two weeks posting charts with a bias based on my interpretations of the shift to 'Long' along with the targets. So its common knowledge how I've traded it. Now building positions into NZD too so I'll get back to work. Wish you all well. Trade safe and mind the leverage (Margin levels likely to be increased across the board shortly)
Yeah I guess king dollar is going on vacation this nov, so Europe and her friends run the mkt, vengeance time for non new York stocks.
  • #444,960
  • Nov 3, 2016 10:33am Nov 3, 2016 10:33am
Quoting yuddy
{quote} This ain't a trend, just an event, after NFP and the election, the real direction of the UK and US economy will be declared.
Wise words.
Reading most of the stuff here the last days makes me think that only a bunch of newbies post here.
OF course it was a long jump today. Because of the court ruling !!

There is no clear direction at the moment. People who like to bet, have balls and enough $$ can make
a living at these days, but all other, sit and wait and see what happens.

imo.
How to opt out annoying user signatures ??
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