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Posts by "stationdealer"

750 Posts Total by "stationdealer":
666 Posts by member
Stationdealer
(London, United Kingdom)
84 Posts by Anonymous "stationdealer":
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 17:43
Ashraf could this another US economic contagion where Cad to hit parity next and Dollar Index to fall below 80 again clear resistance now stems near 81.30. Below that your guess is good as mine where we headed this time.

But what do you say to seeing Aussie and Loonie as the next Swissie in making?
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 17:37
In Thread: GBP
If theres any hope of Cable sell off it wont be before a test of 153 or 155 if we are even to think that 144 is achievable again.

As for pretty boy(Euro) who know if we get out of this deficit debate and before it really has to crash say in another 5 to 6 years maybe we may end of see a new all time high by all means who knows 180 maybe.

Cause the way people are chanting on crisis after crisis and trust me one will come after another then we might aswell call for dollar to crash and bond market default and securities to find more buyers from lower levels for longer term and commodities to stabilise unless we want a big global war.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 17:31
In Thread: GBP
Pipster!


i see stupid people.




:)
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 17:29
In Thread: EUR
Mont & Phystech Nothing has broken or changed rather in a wider spectrum only that the range has widened for cable alone. the Pound weakness that most of you must have failed to notice in case you were noticing anything was wider against AUD & CAD. Same was teh case of Eur vs those commodity based currencies. Euro and cable both has crossed well over their daily resistances so theres no point in wishing for a reversal here.


But seriously guys majors vs commodity pairs are and have been very interesting over couple of months now. Most yielding 500 to 1500 points moves in over month in the most easiest predictable form.

Where as commodities are only range traded and you automatically trade commodity vs currency incase another failure happens.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 16:24
In Thread: EUR
Crises of Capitalism

DO WATCHhttp://www.youtube.com/watch?v=qOP2V_np2c0&feature=related EXCELLENT DESCRIPTION !!!!!!

Marxism is a powerful explanatory framework, but this video shows one of its major shortcomings -- it is often treated by academics as a kind of modern day scholasticism, where Marx plays the role of Aristotle, and the the marxist becomes the philosopher-priest who assumes that everything can be understood in terms of the master. So, in this case, the speaker identifies systemic risk with the internal contradictions of capitalist accumulation. But Marx had no clue about the concept of risk.


Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 15:20
In Thread: GBP
UK Out Of Emergency Ward; Raise Rates!

0.5% is an extreme policy setting, BOE hawk Sentance says. The UK economy is coming out of the emergency ward. he says.
After firmer UK inflation data today, it looks as though Sentance is trying to recruit more MPC members to join the hawkish camp.
Cable is firmly back within its old range after bouncing from levels below 1.5000 yesterday. 1.5205 is next resistance for the pound. We trade now at 1.5163.





Not Really Pipster, this is likely to continue over night still room on the upside.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 11:40
In Thread: USD

QE2 remains in dock, for now

To those who think the Fed is contemplating the initiation of QE2, Fed members Lacker and Duke in interviews seem to be playing down any possibility now as they currently believe current policy is more than enough. Lacker said consideration of further easing steps is very far awayIm comfortable with rates where they are now. Duke says the Fed has already done a lot to help the economy and she thinks they are in the right place in terms of policy. What invites these questions of more stimulus and QE2 is the decade long reputation of the Greenspan/Bernanke Fed where they believe that every economic problem of substance can some how be solved by monetary policy. Bernanke, who in 02 revealed his Helicopter Ben reputation in a speech, who I upgraded to B52 Ben in 07, has trained investors that he will always do something in response to every slowdown.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 10:20
In Thread: GBP
OBR forecasts include possibility of double-dip, also stronger recovery
OBRs Dicks meanwhile says chances of double-dip recession have increased after budget.



LONDON (MNI) Senior Fitch Ratings Analyst Brian Coulton believes
that UK debt will stabilise in the wake of what he called the strong
emergency budget announced by the new government here.
Speaking to Bloomberg, Coulton said that Fitch took the view of the
Office for Budget Responsibility that the UK economic recovery would not
be very strong.
The comments followed Mondays affirmation by S&P of the UKs AAA
rating, although they also signaled that the UK is not yet completely
out of the woods as regards a possible downgrade in the future.
Coulton also touched on the issue of the EU bank stress tests and
said that the tests needed to be realistic and transparent but added
that the EU seemed to have learned the lessons of the US stress tests.
The latter, he said, had always set out a clear strategy for what
to do about those banks which emerged with any kind of problem from the
tests. Coulton noted that the German finance minister had already stated
that this would be the method pursued by the EU.
On the subject of Portugal downgraded by Moodys to A1 this
morning Coulton said that the country had made some progress in
fiscal terms but said that growth remained the key risk for the
Portuguese outlook.
London Bureau; tel: +442078627492; email: dthomas@marketnews.com
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 10:18
In Thread: GBP
UK OBR HEAD BUDD - NO PRESSURE ON US TO CHANGE BUDGET NUMBERS OR BRING FORWARD PUBLICATION

Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 9:20
In Thread: GBP
Expecting volatility during the London session as UK CPI data will be released followed by German ZEW Economic Sentiment. These two pieces of data should give us some direction. Analysis hasnt changed since yesterday, and we are looking to trade momentum and the initial market direction following the news. We are going to be trading the CAD and USD Trade Balance figures due to be released later today. A lot of data is due to be released and we have to stay on high alert as any change in direction will be crucial to protecting profits or keeping stops tight.