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

GBP

Discuss GBP
 
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bigBaby
Singapore, Singapore
Posts: 21
13 years ago
Mar 10, 2011 17:30
This sterling is a mad horse counter where angels fear to tread.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Mar 10, 2011 14:37
Good call on gbpusd !

eurgbp bounced off the trendline support, previously resistance drawn from Oct high through Jan high.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 10, 2011 2:15
Am I the only writing about GBP on here?

NO BoE RATE HIKE EXPECTED on Thursday, but market is split between the tightening occurring in April and May. A surprise rate hike is highly likely drive cable towards $1.6300s but UNLIKELY to see the close above the oft-mentioned unclear $1.6350-70 trendline resistance, which every serious trader must be aware of in this important currency pair.

ALSO WATCH OUT FOR UK MANUF OUTPUT at 9:30 am GMT, usually a market- mover (see calendar for expectationshttp://bit.ly/ 5pdFAN ) More on the tactical options on EUR vs GBP and ECB vs BoE in the HotChart (That EURGBP Again) http://bit.ly/ gikAn3

US Weekly Jobless Claims have been increasingly attributed to major USD Thursday moves, so those are worth a look EUs vote on EFSF build-up and US retail sales are both on Friday. SEE PREV IMTs for those levels in EURUSD, AUDUSD and NZDCAD.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 9, 2011 15:51
GBPUSD TRADERS RECALL my repetitive calls on the importance of the $1.6360-70 trendline resistance (from Nov 2007 high), which held last week in the face of attempted bullish assault. The suibsequent decline towards 1.6130s may well play again when (if) the BoE holds rates steady tomorrow. In teh meantime, 1.6260s resistance is seen intact----------

EURGBP REMAINS well under the 2 year and 10-month trendlines as shown in the LATEST HOTCHART (That EURGBP Again), while more interestingly, the price is under those trendlines as well as the 100-week MA of 0.8623, See HotChart for more detailhttp://bit.ly/ fW8qGj


Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Mar 8, 2011 16:11
The latest HotChart is finally up, this time revisiting that EURGBP pattern.
Click here for more detail http://bit.ly/gikAn3

GBPUSD adds to selling but traders ought to watch out for those typical 70-80 pip rebounds off the highs, especially ahead of Thursdays BoE meeting.

Ashraf
Kam
london, UK
Posts: 31
13 years ago
Mar 7, 2011 18:39
Subway

Equally strong resistant at 86.72 above which is my stop. Lets see how this plays out....

K
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Mar 7, 2011 18:21
QE is quantitative easing i.e. the FED "buys" US treasuries in order to keep the US govt afloat
insofar QE2 is a credit easing facility. It is so far limited to USD 600 bln of bonds buying.
william
jakarta, Indonesia
Posted Anonymously
13 years ago
Mar 7, 2011 18:16
@catnip @Machiavelli, i read IMT March 4. There is stated QE2. So I asked what it QE2. : March 4, 2011 12:56 ET: The LATEST ON GOLD/SILVER RATIO CHARThttp://chart.ly/ qbgpo8r The Gold/Silver Ratio has just hit $40, lowest since 1984 (if we used the closing prices). But if we used intra-month lows, then it is the lowest since 1997. As silver seeks to regain its 1980 high of $49, the Gold/Silver ratio will likely find the mid-teen levels reached in 1980. As long as the Fed sticks with its QE2 rhetoric, metals and commodities traders are more emboldened to play the metals trade via silver than gold (which is already at record highs).
subway90
Posts: 1078
13 years ago
Mar 7, 2011 17:48
short term for eur/gbp....

8530/50 would provide strong support for move to 8800 level in coming days....
Kam
london, UK
Posts: 31
13 years ago
Mar 7, 2011 15:20
Ashraf,

What is your view on eurgbp now that it closed above 85.80 and broken through 86.00. Do you still maintain bearish view to 81.00 and if so where do you see the bearish view to be invaldated i.e where should stops be placed?

Kam
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