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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 12, 2010 0:32
And pretty much on cue, gold has spiked up - sorry, wrong thread, but it seems to be all part of the same move.
Karan
Singapore
Posted Anonymously
14 years ago
Apr 12, 2010 0:20
@ ptazczek....yes ptazczek, i agree with your view as well. Was hoping there would be a more substantial reason which was why I asked but since there is evidently NONE, I feel that holding onto my shorts wouldnt be such a bad idea anyway :D. So what if Greece is getting a bailout? its a matter of months before Spain and Portugal are exposed as well.
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 12, 2010 0:01
Tnx for the moral support guys :) Im gonna hold it because the outlook on UK is still negative. But i'd like to hedge it somewhere to limit the inevitable drawdown. Creativity first, panic afterwards ;)
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Apr 11, 2010 23:33
pretty much most of the time - when the shorts throw in the towel - the market then goes down. If you can hold thru the euphoric rise, then your shorts normally work - the issue arises when you have seen so much pain thru the market rising against your shorts - that you are almost relieved to get out the moment the market drops closer to your break even. This is a common problem as rarely are traders good at picking absolute tops and bottoms - then, after exiting at your breakeven - the market normally has more to go below.
Will be shorting GBPUSD if it spikes again above 1.5450 - and then again if it touches 1.5550.
INGbalek
Trencin, Slovakia
Posts: 120
14 years ago
Apr 11, 2010 23:18
@ptaczek..
head up:-) u will to see ur shorts work 4u asap...
as u said, i think short usd is short-lived..only lifted by some kind of rumours stuff, market speculative endorphine and hunt for commodity and equities highs...
we will experience the downfall very soon,..
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 11, 2010 23:10
@Karan: my guess is simple: risk is on. GBP is a higher yielding currency against USD and JPY. Look at JPY pairs also.
Anyway, it's not a pleasant feeling to have a bunch of GBP shorts and see it spiking up on endorphine intoxication caused by the agreement on a Greece bailout package :(
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 11, 2010 22:43
One could expect stock market rally for some days.
asad
London, UK
Posted Anonymously
14 years ago
Apr 11, 2010 22:32
Oh my! The USD. The Dow's SO VERY going to fall now (not)! :/


Asad
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 11, 2010 22:11
GPBUSD 1.546 ... the reason is USDx weakness USDx gets weaker vs all currencies in USDx basket.
It is however against value theory GBP should fall but actually ( illiquid markets now ) EUR/GBP almost unchanged
Karan
Singapore, Singapore
Posts: 83
14 years ago
Apr 11, 2010 21:36
any good reason why gbp/usd is spiking up?
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