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Posts by "carlco"

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193 Posts Total by "carlco":
150 Posts by member
Carlco
(bristol, United Kingdom)
43 Posts by Anonymous "carlco":
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Carlco
UK
Posted Anonymously
15 years ago
May 22, 2009 9:47
In Thread: How low will GBPUSD go in May?
im not a great technical analyst type of trader its more momentum and sentiment, however i do pay attention to facts between the headline hype of todays media, fact is the bond market have really punished the gov. at the bond auctions, they already smell a rat inflationary wise a bit down the line, this has to mean not just weakness in the dollar for now, but serious pressure in the coming years. Gold and oil has to be a good play medium term here right?, GBPUSD@15834 as of 9.30am gmt , as i say im new to fx, i don't see where any good news for the dollar is coming from, isn' the strength of the dollar only due to everyone running for cover in the dollar a few months ago? ive always been taught that when all the bad news has been built into a price and no more bad news is effecting it, the only way for that holding is up, the UK i believe has all the bad news built in, not so the US they are trying desperately to massage the figures, the bond market though, isn't buying it, right? So here we are, an S&P uk rating downgrade and didn't send the GBPUSD down it sent it up, what does that say for the dollar? considering most market commentary i read and watch are saying equities are overbought we only had a moderate pullback yesterday right? this is good news for equities increasing strength, really bad news for the dollar, in fact any news good or bad is bad for USD great news for shorters though, GBPUSD@160 a real possibility now ashraf ???
Carlco
bristol, UK
Posts: 151
15 years ago
May 21, 2009 18:18
In Thread: How low will GBPUSD go in May?
gbpusd@1.58+ and rising, any new targets ? is USD weakness now feeding through , your thoughts would be appreciated ashraf.
Carlco
bristol, UK
Posts: 151
15 years ago
May 20, 2009 15:16
In Thread: How low will GBPUSD go in May?
at the time of writing, gbpusd@15605 (mid) tomorrow is crunch day ma252 gbpusd@15700 , could we bounce back if we hit ? or push on through, my eyes are out on stalks here ashraf!! (will it or wont it?)
Carlco
bristol, UK
Posts: 151
15 years ago
May 19, 2009 20:48
In Thread: When Will GOLD Hit $1,050?
VOTE:Q3-Q4

i know nothing about gold prices. i am looking strictly at the trend line against the double top of 990(ish) extending the trend line puts a possible break out in and around aug/september
Carlco
bristol, UK
Posts: 151
15 years ago
May 19, 2009 8:16
In Thread: How low will GBPUSD go in May?
to clarify 4500 relates to FTSE100
Carlco
UK
Posted Anonymously
15 years ago
May 19, 2009 8:11
In Thread: How low will GBPUSD go in May?
ashraf did you mean stay away from gbpeur** ?? i agree with you, but i keep an eye on this pair at the moment because a) im still learning forex b) euroland is behind the curve in the way theyve reacted to the crisis, so im looking for gbp strength against the euro, strangely this morning with gbpusd@1.5437 (it finally broke thru 1.538), the ECB moving slowly was the right thing to do. Time to do a George Soros we have a reversal i do believe the MA252 was breached yesterday in early pre-trade it looks like it may be holding and set to push 4500.
so my question. With a key gbpusd resistance level now breached, how HIGH will the GBPUSD go ?
1.55
1.57
1.58 ?
Carlco
bristol, UK
Posts: 151
15 years ago
May 18, 2009 22:24
In Thread: How low will GBPUSD go in May?
and so the old adage, you can state a target, you can state a date, but never ever do both....
Carlco
bristol, UK
Posts: 151
15 years ago
May 18, 2009 19:29
In Thread: How low will GBPUSD go in May?
hi ashraf, as you know im following this pairing like a hawk, ive noticed though that gbp/eur had a good gain today, of course the eu is behind the curve on the recession compared to uk and usa, i missed this trade but might there still be legs in a gbpeur rally , im aware the ticking bomb on equity pullbacks imminent, and that gbpusd 1.53 is bouncing along its ceiling and STILL hasnt had the nerve to break back above nov highs...this markets for the brave, i think i might just sit and watch from the sidelines a little longer ;)
Carlco
UK
Posted Anonymously
15 years ago
May 14, 2009 20:37
In Thread: How low will GBPUSD go in May?
hey ashraf, how about a vote for gbpjpy ? 1.30 ?? it has more merit than gbpusd 'dead in the water' currencies. the fed reserve needs to start coming up with some answers, im getting a feeling the usa need some answers from the fed as to where $2tr is. All we need is a euro zone country to default, that will put the cat among the pigeons.
Carlco
bristol, UK
Posts: 151
15 years ago
May 7, 2009 10:38
In Thread: Gauging the Turn in Dollar, Gold & Oil
hi ashraf, still reading/rereading your book, im finding the current market just about the best schooling for trading the fx gold exchanges as there could ever be. Is the market having the wool pulled over its eyes by the fed in the way of extra capital needed by banks? this flooding of treasuries by the usa and uk has to feed into the cable at some point, right? my mind is boggling over how this will unravel, Q. How might the interest payments on gov. borrowings effect/influence BOE base rate, ie are these huge debt obligations going to pressure inflation ?
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