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

GBP

Discuss GBP
 
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redstone
bristol, UK
Posted Anonymously
14 years ago
Mar 16, 2010 9:02
saxo again calling for 120 in cable by summer. bit too optimistic i think.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 15, 2010 11:02
spec, no worries, i dont think anybody would have believed you actually telling people to buy cable.

Read my latest IMT

Ashraf
Callum
Singapore
Posted Anonymously
14 years ago
Mar 15, 2010 10:50
Not sure if anyone noticed, in the past 3 monday, Cable has taken a big fall.

Anyone got any idea why cable fell but GBPJPY still looking very stubborn?

This time, is this because of the Moody's report on AAA rating for US and UK?
speculator
Posted Anonymously
14 years ago
Mar 15, 2010 8:13
Sorry guys i mean DO NOT BE LONG ON CABLE

guys i warn you DO NOT BE SHORT ON CABLE more than intraday as we are due a very large drop before may. There is absolutely no reason for a cable rally until then at the earliest. House price info just came out which was very unimpressive. By the way, there are quite alot of cable bulls out there so its not one sided. But the hedge funds are UNBELIEBABLY bearish and they were right back in the end of summer when we saw a bit later the pound collapsed. Hedge funds get in first. We political and economic risk which not many G7 have so until politics imporoves pound WILL NOT rally to 1.60.
wolf
Melbourne, Australia
Posts: 82
14 years ago
Mar 15, 2010 7:45
cheers, thnx guys
speculator
Posted Anonymously
14 years ago
Mar 15, 2010 7:45
im saying short cable i am expecting a big drop by may.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 15, 2010 7:44
I'm not directly short GBP versus USD I'm just long EUR/GBP which will reach 93-94 levels again.

wolf, yes. This won't happen this weak but we need some fresh, very bad stuff to send this pair much lower. Same is true for EUR/USD.
wolf
Melbourne, Australia
Posts: 82
14 years ago
Mar 15, 2010 7:44
spec,your saying dont be short but are expecting a big drop?
speculator
Posted Anonymously
14 years ago
Mar 15, 2010 7:36
guys i warn you DO NOT BE SHORT ON CABLE more than intraday as we are due a very large drop before may. There is absolutely no reason for a cable rally until then at the earliest. House price info just came out which was very unimpressive. By the way, there are quite alot of cable bulls out there so its not one sided. But the hedge funds are UNBELIEBABLY bearish and they were right back in the end of summer when we saw a bit later the pound collapsed. Hedge funds get in first. We political and economic risk which not many G7 have so until politics imporoves pound WILL NOT rally to 1.60.
wolf
Melbourne, Australia
Posts: 82
14 years ago
Mar 15, 2010 7:29
Xaron, i do agree with you there, the question is when, i dont think it will be this week,
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