Forum - GBP (Topic)

London, UK

Posts: 715

14 years ago

Jun 22, 2010 13:29

Thats right! Kudos to Osbourne for making it sound good. God knows what it will be like down the line. But for now they've done it.

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 22, 2010 13:19

BREAKING NEWSFrom January 2011, a levy will be imposed on UK banks and the UK operations of foreign banks which will generate more than 2bn in annual revenue. The French and Germans have also agreed to impose levies, George Osborne says.

said

mulhouse, France

Posts: 2822

14 years ago

Jun 22, 2010 13:19

looks like osborne got it on budget cut but what are the implication on nhs budget and land charter.

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 22, 2010 13:18

1251: Current spending will rise to 711bn in 2015/16, thanks largely to a rapidly rising bill for debt interest, which Mr Osborne calls "the price of economic failure".

Man the more I listen to this budget the better it gets. Conservatives are holding back no cost. Mainly in fashion and flavour is expansions and tax cuts. Levi's public sector but hugely corporates.

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 22, 2010 13:11

Budget 'tough but fair' - Osborne

Austerity or prosperity! Con Gov Osborne announced 1.2% growth for the year. Just goes to show you they define risk by inflation not deflation.

Follow it herehttp://news.bbc.co.uk/2/shared/bsp/hi/politics/live_event/

catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Jun 22, 2010 13:00

buy cable @147

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 22, 2010 9:02

U.K. Prepares Deep Cuts
U.K.s new coalition government will deliver Britains most important and painful budget in decades reports the WSJhttp://online.wsj.com/article/SB10001424052748704895204575320364276864120.html?mod=WSJEUROPE_hpp_LEFTTopStories

EUR/GBP Touch Firmer
EUR/GBP marginally firmer in early trade, up at .8355 from early .8335. Obviously some event risk for sterling today given uncertainty surrounding todays Budget statement. Talk of decent stops above .8400 in the cross.
Cable is coming under a little pressure, presently down at 1.4730, with hedge fund selling noted.

Yuan Fixed At Record Level Against USD

USD/CNY official mid-rate at 6.7980 vs 6.8275 yesterday
Regional stockmarkets -0.5% but bounce after China sets firmer rate for Yuan
It has been a quiet session in Asia apart from some excitement around the China official fix for the

USD/CNY. Traders saw this as a good indication of Chinas new flexibility and the fixing was set at yesterdays closing rate of 6.7975, 3 Yuan lower than yesterday. That market has rallied back towards 6.8100 but is still an indication of increased willingness on Chinas behalf.

The AUD was again the main lightning rod and it jumped from .8770 to .8800 about 30 seconds before the official release on Reuters. AUD/USD traded to a high of .8832 on short covering but has since given back some of these gains. Range: .8757/.8832

EUR/USD has been pressured by selling on the crosses with EUR/AUD and EUR/CHF the leaders.

EUR/CHF made another fresh low below 1.3665. Ranges: 1.2285/1.2353, EUR/CHF 1.3653/1.3703. Talk of 1.3650 barrier interest. Explains why weve stopped at 1.3651 so far I guess.

Cable has drifted lower but has lagged the EUR/USD, with the cross also sliding modestly. Ranges: 1.4750/97, .8327/58

USD/JPY has traded in a tight 23 pip range with the usual cross plays dominating. 90.87/91.10,

EUR/JPY 111.78/112.45

Markets: Nikkei -0.6%, Kospi -0.5%, HK flat. Gold steady at $1240/oz.

catnip

Frankfurt, Germany

Posted Anonymously

14 years ago

Jun 18, 2010 12:24

PhD Scientist turned trader
ah a point of change algorithm.... the last hedge fund who employed some merge of EW prophecy, technaical analysis astrology, and change point analysis got liquidated.
Trick is prices are time ordered but do not depend on time. No one buys USD and sells GBP because it is Monday 11:11 am

Xaron

Munich, Germany

Posts: 528

14 years ago

Jun 18, 2010 11:57

Hmm... I use those tight stops from time to time as well but overall I'm not that good in predicting good entries. ;) A Risk/Reward of 5:1 is awesome and if you don't use any indicators, well just great.

You could just set up a demo account and post your stats over there at MyFxBook for instance. It's a good way to attract some attention.

I've started a small 1k account as well, you can follow and watch if you like here: http://www.myfxbook.com/members/Xaron/euro1k-euro1m/32355

Stationdealer

London, UK

Posts: 715

14 years ago

Jun 18, 2010 11:49

Xaron I'm also working on a system these days that will yield 70% of your decided margin and it can be over within 15mins. Working on some products related to CDO and CDBO's now am looking for a compliance guy for help who would charge me an arm and a leg. If you know any one do let me or if theres any Compliance commission guys here who can work with the Eurpean Compliance body and can set up a platform through OCC, please get in touch with me here. I hope this is ok to request this here!!!!