As I said, Goldman controls the trading on cable. When they have fleeced the public enough, the trash that is known as gbp will wind up well below 1.600.
Until then, Goldman will continue offering eur/gbp to the unsuspecting public.
It's very simple: Goldman Sachs is the head of a Cable Cartel who simply offers eur/gbp on the public whenever they want to dump more cable on the unsuspecting foolish cable momentum buyers.
The Cable Cartel is DESTROYING euro through the offering of eur/gbp, giving the false illusion that sterling is the BASTION OF SAFETY currency, more risk averse than usd or jpy.
Jim O'Neill of Goldman is the biggest front-running, Pump 'N Dump scamster around. He is head of the Cable Cartel. Someone get Jack Bauer to take care of this guy. He is a menace to society (and all FX traders)!
I will be going long Gold myself after Obama talks about banking regulations in a few hours. This could be risk averse, and give a chance of picking up some Gold in the low 1080s for a run to 1100/1110 before it's next demise.
I agree with everything you wrote. The volatility in aussie seems to be increasing, and the MACD is weakening also. I'm not sure there is enough "evidence" for a 5th rate increase BEFORE more talk of USD rate hikes, which would be severely negative to aussie.
Also, Obama will be reiterating U.S. banking reform in a few hours in State of the Union, then a pro-USD U.S. GDP report on Friday. Lots of trading ranges coming up.
I believe the next NFP on the first Friday in Feb will be pro-USD, further adding to aussie pressure.
I would like to be bullish on aussie, but remember it also was the best performing G-10 currency last year. What are the odds it can repeat?l
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Until then, Goldman will continue offering eur/gbp to the unsuspecting public.
Short Cable at your own peril.
It's very simple: Goldman Sachs is the head of a Cable Cartel who simply offers eur/gbp on the public whenever they want to dump more cable on the unsuspecting foolish cable momentum buyers.
Cable has once again cured cancer and solved the global economic crisis, even though it cant solve it's own UK problems. LOL!
.ALL HAIL THE CABLE-THAT BASTION OF SAFETY AND LEADER OF RISK, all at the same time.
RIDICULOUS!
I will be going long Gold myself after Obama talks about banking regulations in a few hours. This could be risk averse, and give a chance of picking up some Gold in the low 1080s for a run to 1100/1110 before it's next demise.
I agree with everything you wrote. The volatility in aussie seems to be increasing, and the MACD is weakening also. I'm not sure there is enough "evidence" for a 5th rate increase BEFORE more talk of USD rate hikes, which would be severely negative to aussie.
Also, Obama will be reiterating U.S. banking reform in a few hours in State of the Union, then a pro-USD U.S. GDP report on Friday. Lots of trading ranges coming up.
I believe the next NFP on the first Friday in Feb will be pro-USD, further adding to aussie pressure.
I would like to be bullish on aussie, but remember it also was the best performing G-10 currency last year. What are the odds it can repeat?l