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

GBP

Discuss GBP
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 14, 2010 12:02
montmorency
it's same everywhere CBs should by all menas be independent of whatever politics but are not independent. I observe that as a great risk. If currencies were gold backed one could substitute
politicians with moderate AI and no one would note a difference. With fiat money one could substitute politicians with low-grade mediocre AI and many would note a difference.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 14, 2010 11:52
I suspect that during the election campaign, Mervyn (the Magician) King (Governor of BoE) will keep quiet (since he can't risk being seen as possibly affecting the election), and therefore we cannot count on one of his little speeches to depress cable, as they usually do. A report in today's Guardian said that the lower value of Sterling had already had a noticeably beneficial effect on the balance of payments (although I don't think this has exactly been trumpeted. Years ago, UK governments used to be worried about the balance of payments - it was always in the news. But since the Tories under Thatcher (and then New Labour under Blair) essentially gave up on manufacturing industry, it began to seem unimportant. All faith was placed in the financial services "industry", and a deregulated City of London was going to generate all of our wealth. Well, we have seen where that led to.
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 14, 2010 9:18
hm, this week it's up to USD. There are no GBP news except Nationwide Consumer Confidence later today, but we have some strong USD data in the pipeline today and tomorrow which will move the USD.
Today's Bernanke's testimony can provide some USD boost as it was in the past months. But I think it will be again the guessing game whether it's more risk-on or more interest rates hike speculation if the US data will be positive. Maybe Ashraf can shed some light into this :) So far the Yen pairs suggest more risk-on.
sub
UK
Posted Anonymously
14 years ago
Apr 14, 2010 9:06
ashraf - like callum, i would like to know your thoughts. do you still see cable heading down to 148 and lower or has the downtrend now been broken?
Callum
Singapore
Posted Anonymously
14 years ago
Apr 14, 2010 8:53
Hi Ashraf, do you still see GBPUSD going down anytime soon, now that the GAP is filled and still going up? Also, I understand that election was a key factor in the bearish outlook; now that its just month away, and it doesn't seem to have any negative impact on cable? It seems all other catalysts, such as additional QE, et al, does it look like its going to some in affect anytime soon? Thanks. Callum
simao
casablanca, Morocco
Posts: 51
14 years ago
Apr 14, 2010 7:15
hello guys, shorting from 5425 with target 5334, what you thinking?
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 13, 2010 18:37
Two bearish candles on the daily charts, come on guys whats your take on that.
Dako
Illinois, United States
Posts: 7
14 years ago
Apr 13, 2010 3:40
Man, I would be short every market you can think of. As Catnip mentioned earlier, there's not much downside on the USD index, and the upside risk for most markets that I'd be shorting at this moment is limited indeed.

Peace all.

Hajdar
Dako
Illinois, United States
Posts: 7
14 years ago
Apr 13, 2010 3:25
Yes Ernie could be a H&S but if it breaks to the upside (lets say above 1.5416) then it's a false H&S. If it breaks down say past 1.5316 then its a valid H&S top!
That's my opinion, but I'm not trading anything right now since I promised myself I'd stay out of the market for a while. Man, I suddenly feel at peace, but then I see these formations and again wish I was in the market.....I'm damned...never satisifield.

Hajdar
Ernie
Toronto, Canada
Posts: 8
14 years ago
Apr 13, 2010 0:51
does anyone see the formation of a head & shoulder ona 30 minute chart?? - neck line- 1.5345
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