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

GBP

Discuss GBP
 
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 16, 2010 0:44
FWIW I'm short both cable and EUR/USD, small positions, low leverage.
I think cable could easily range between say 1.56 and 1.50 for a bit longer, before it does anything much more dramatic. Not sure if it'll go much below 1.50 in the short term, unless there is great uncertainty following the election or some serious bad news. In Europe I think the Greek (etc) tragedy will continue to play out.

Who knows what George Soros is up to; he's a clever fellow, although I don't think his public utterings are necessarily any indication of how he (or his minions) are trading, or indeed how ordinary mortals should trade :-)
MG58
United States
Posted Anonymously
14 years ago
Apr 15, 2010 22:30
Karan, I'm short cable
Karan
Singapore, Singapore
Posts: 83
14 years ago
Apr 15, 2010 21:58
Is there anyone who is shorting cable right now on this forum? Do u guys see cable dropping below 1.50 or re testing the lows of 1.47ish?


Karan.
rim
Turkey
Posts: 121
14 years ago
Apr 15, 2010 21:33
Dear Spec ,
What you think on the explanation of Soros on GBP devaluation in near term ?
speculator
Posted Anonymously
14 years ago
Apr 15, 2010 21:30
however, i see a lot of profit taking for cable prior to elections which could easy force below 1.50. Interesting to see non-commercial speculative positions?
speculator
Posted Anonymously
14 years ago
Apr 15, 2010 21:25
ashraf i would agree but greece relief, feds recent talk and decent UK house price data in march which had a good rebound. But the medium/longer term picture for sterling is certainly doomed. Recent rally in sterling is baffling many indeed! But its just a combination of fundaments in the relative pairs and some political speculation.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 15, 2010 21:16
I see bund trading between 122.5 / 123.5 but I think it could drop below 122.5 next week. I don't trade bund but when one examines bund chart many days make a nice little daytrade or two swingtrades good for a few 100 profit.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 15, 2010 21:07
Many are telling me the periodic polls favouring Tories are behind the gradual rally in sterling

Ashraf
Gunjack
London, UK
Posts: 1184
14 years ago
Apr 15, 2010 20:10
@Catnip you think Bund could take out it's high of 123.6
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 15, 2010 20:01
I consider to take profit tomorrow because I expect some more nice wording as an outcome of the
EU/IMF confrence in Athens on April 19th ( next Monday). I think however it won't last long as no action will follow. The fundamentals are, UK elections aside, positive for GBP and negative for EUR and this won't change unless EU really acts and quits talking. Will most likely enter EUR/USD long ( was short until today) .
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