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

GBP

Discuss GBP
 
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PriceTrader
Malaysia
Posts: 1
14 years ago
Sep 11, 2010 6:17
The Cable is ranging very nicely for the last two weeks between 1.5580 and 1.5325. If the support is taken out at 1.5325 and the 1.5300 is breached constructively, the bears will be getting in to drive the price lower and challenge the next support level at 1.5140 (17/07/2010) where the bulls make the run up to a intraday high of 1.5998 (06/08/2010).

From the price action on both the 1hr and 4hr, we can observed that the bears are gaining momentum to drive the price lower. The bulls seems to be rin hibernation. There will be s slew of economic report coming from UK next week.

My bias is to the downside in the coming week and will be looking for short opportunity and see the price going towards 1.5140/50

We will see how it plays out. Happy Trading and Hunting.

Trade well and follow the trend, not the so-called experts.
Lifaylon
Muscat, Oman
Posted Anonymously
14 years ago
Sep 10, 2010 17:45
The cable is on a wide range between 1.5290 to 1.5530 this week and held last week at low 1.5325
looks like will retest 1.5530 next-week if 1.5325 Holds
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 9, 2010 14:34
Gary none whatsoever. things will get heated up at the next CPI figures the Nov Quarterly Inflation Report

Ashraf
GaryD
United States
Posted Anonymously
14 years ago
Sep 9, 2010 3:21
No expansion of 200B QE at this meeting expected then, right?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 7, 2010 4:43
Seif, EidMubarak Muqaddaman, thanks.

1.55 in cable remains an interim cap, but I still see 1.51, which is mainly on GBPP weakness rather than USD strength.

I generally prefer GBPCHF than GBPUSD , but since GBPCHF is at the new lows, I would wait and go w/ cable between 15470 and 1.5380s

Ashraf
said
mulhouse, France
Posts: 2822
14 years ago
Sep 6, 2010 22:39
@gunjack
just try to issue some recommendation on energy company

as for petroleo brazilean first sight gives an objctif of 50
its a good call as long as real strengh and capital flows
Gunjack
London, UK
Posts: 1184
14 years ago
Sep 6, 2010 18:49
@Said do you trade many oil stocks? Forthcoming Petrobas listing looking tempting
said
France
Posted Anonymously
14 years ago
Sep 6, 2010 18:27
limited upside on TOTAL SA
Seif
Cairo, Egypt
Posts: 53
14 years ago
Sep 6, 2010 16:43
Dear Ashraf,
I watched your interview today at Alarabiya Channel
I would like first to congratulate you for the new office
the second thing is you said the pound will suffer during the month citing it may reach 1.51
where do you see the pound capped against the dollar for further downside?
do you prefer GBPUSD OR GBPCHF?
Thanks and Eid Mubarak in advance
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 6, 2010 16:07
rim, where did you read that i expect BoE to raise rates??? I posted the Reuters Video on BoE/Fed rate cycles many times last week indicating that BoE will end up doing QE2 if the US does it.


Ashraf
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