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GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
The syndicate = The Cable Cartel?
i am thinking about 1.62
at hong kong open make ur move for gbpusd
the syndicate comes in the dance
The joke regarding the Cable Cartel is that most of the gbp/usd advance is attributable to one idea, a 200 pip reduction in the eur/gbp pair, and not any "real" gbp buying. Outflows from euro, MA, and a BOE member saying the same thing every other CB member in other G7 members have also been saying regarding QE.
So where's the beef in cable?
The offer of eur/gbp started a week ago in Asian session, acted on well before any current "positive" news was released to the public.
- If you really believe that, you should be thanking them for yet another shorting opportunity.
- Analysts can call for what they like; the market decides.
- In what way is Gold getting spanked?
- What is the ultimate goal of the "Cable Cartel" (as well as World Domination of course...)?
Speculators can make money in both directions; why would they want to stop movement?
"The Cable Cartel's defense of 1.6300 for cable and subsequent 20 pip pimping of cable is clearly depicted in 5 min cable chart."
-Alternative explanation: "Support at 1.63 held today. It might not tomorrow, and then again, it might, and 1.64 might be achieved. Depends on the market."
OR "Cable continued its long uptrend which began in late December (or early January depending which way you look at it), after the relatively brief retracement on Friday...".
(I hope the latter isn't actually the case, but it's as plausible as a "Cable Cartel").
video from 1,5 weeks ago so u might have seen that already.http://www.cantos.com/charts/analysis/project/5615
what do you think about that? I have a longer term position gbpusd short at 1.6350 S/L 1.6430.
Any feedback?
After four dyas of selling against usd last week, Friday offered a brief respite and a glimmer of hope for those following the analysis provided here.
just like in end year when most intervenant didnt find resistance buying or selling pressure to their positions
lets wait tonight and tomorrow for gbpusd