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by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
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This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 13, 2010 2:15
lionking, GBPUSD often baffles analysts with its ability to hold through bad fundamentals. it spends many days showing signs that no one can undertstand as far as money flows. it may be due to the fact that is pitted against USD. but its periodic declines are worth waiting for. Tomorrow's UK data will give you something to explain. SEE CALENDAR http://www.ashraflaidi.com/economic-calendar/

Ashraf
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 13, 2010 1:37
Good news for Gdp/Usd shorters: Eur/Gbp catching a bit.
chloethebull
Posted Anonymously
14 years ago
Jan 13, 2010 0:46
pippedoff are we finally getting a chance to make some mulla$$...after the free fall its nice to step in an start buyin usdcad i was nervous around the 1.0255 but kind new it was time to run back up, if we hit a trifecta of good usd news we could be back to 1.06-50 ..dare i say 1.0740...i even managed to pike up a small position eruusd(short)i missed 1.4550 had order in too high ohh well next time..just happy to be locking in nice profits soooon..lol..what part of canada u from? me halifax ..gl
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 13, 2010 0:35
Wasup,

Where it "should" be and where it is don't always converge. That's what makes a market. There is a reason it is where it is. You and I just don't know what that is.

I have been building a short position in this pair. It will go lower, the only question is when. Personally, I think it is living on borrowed time.

It appears in a subtle fashion market sentiment is shifting slowly back to usd. It has been rebounding against Cad, stabilized and making some positive gestures vs Chf and Aud. Because of the news which negatively impacted Usd/Jpy, the "heroes" and safe place to be today were Eur and Gbp. Particularly Gbp due to the downtick in eur/gbp.

Just be patient, don't overleverage, and make your decisions with a clear head and not on emotion.
Wasup
dublin, Ireland
Posts: 54
14 years ago
Jan 12, 2010 23:37
Pippedoff ,
Are you planning to short GBP/Usd and whats your views where it could go to ,In my opinion it should be down to 1.598 in couple of days what you think ,its fall looks very imminent....
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 12, 2010 23:11
GBP living in the nose bleeds due to a very generous eur/gbp decline. Should re-enter the atmosphere in not too long.
BEAR
Nevada, United States
Posts: 14
14 years ago
Jan 12, 2010 22:24
GBP/USD - 15min chart

Forming a Descending Triangle (Consolidation right now with lower highs)...1.1650 as support - which just happens to be in line with the 100 day sma.

Weakening USD at the moment and a lot of UK news coming out in the UK session - could drive this pair higher with positive Industrial and Mfg numbers.
lionking65
singapore, Singapore
Posts: 19
14 years ago
Jan 12, 2010 19:38
Yes, wierd. Ashraf, can you pl throw light on why GBP is still holding against the USD at 1.617, when it should have gone down to 1.59 levels?
rkkashmir
Posted Anonymously
14 years ago
Jan 12, 2010 12:12
What I find simply astounding at the moment is aud getting whacked, eur struggling, yet gbp being strong. Oh yeah, just look at eur.gbp sitting at .8965.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 12, 2010 4:42
spec, welcome back.

sub, none of the corrections of the past 8 months exceeded 8 or 9 % solets just say 7% this time. only a deeper correction to occur when markets are more certain about the timing of the Fed tightening.

Ashrafr
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