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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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said
mulhouse, France
Posts: 2822
14 years ago
Jul 1, 2010 23:35
mont
if u use the cmc chart and trace 2 trendline, one from 17th feb for the 1.5208 level and the other from the18th nov2009 for the 1.5312 level.
on the fundamental we still feel the effect of the austerity measure but it will be soon get back by deceiving number on probable stress test.
not sure of what the exchiqer and boe is doing but they refi some asset with their proceed in safe haven country like japan swiss and state.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 1, 2010 21:46
@Said: Where is the earliest touch on your trendline? (i.e. how far back are you going?).

I think I see what you are getting at, but I can't make it come out with those numbers.
said
mulhouse, France
Posts: 2822
14 years ago
Jul 1, 2010 21:26
@mont
i said to rrose that cable will go to 1.5208 and 1.5371 the two representing resistance at down slanting trendline
level still valid but with a pulabck when rsi atained 73/74 on 5' chart.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 1, 2010 20:26
And to think I was long cable earlier today, then thinking I'd made a potentially serious mistake, cut the position for a v. small profit. Oyveh!
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 1, 2010 20:24
Isn't the sharp gold fall and sharp dollar fall (compared to EUR) also a bit strange?
"Interesting" day today.
chloethebull
Posted Anonymously
14 years ago
Jul 1, 2010 18:50
hi ashraf,,,just wondering if i could get ur thoughts on gbpcad..i kinda made a mistake on a position i had with it..i covered my position @1.5550..only to have it run up 1.6000..i took a loss but want to know what u think about its strenght from here...could it go back to 1.700 or is it capped at a certain level an will trend lower back to 1.4950 level..thanks for your advice gl
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 1, 2010 17:46
typo expect 15000
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 1, 2010 17:41
cable could reach 15050 if usdx recovers. the problem is the 2,9% yield on ust 10 year hence at best lukewarm demand for UST. After all Ben must mop up liquidity and hike funds rate ...
so we have a weak USD weak GBP weak EUR and strong CHF . That's strange.
lucky
ibadan, Nigeria
Posts: 377
14 years ago
Jul 1, 2010 17:35
is any body expecting 155 gbp
Dodger
London, UK
Posts: 139
14 years ago
Jul 1, 2010 17:24
OK,been out for the evening ,come back ,check my screen and wow!This is actually very dollar negative,could be short covering or could be a serious change in sentiment against the dollar,remember the state budgets are published today!Don"t fancy the short in Euro or GBP,will sit this out for a bit,this is strong momentum it could pull back and then jump back up again.
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