GBP

yes QE2 is Queen Elizabeth 2 . It is better than MM0 ( pronounced mm nought) Madame Merkel the zeroeth

Ashraf, please advise, what is QE2 ?
THX

Ashraf,

I am short eurgbp from 85.50 based on technicals (the weekly wedge!) but am concerned that perhaps the techincals don't reconcile with the fundamental position. In you analysis back in November 2010 the pound was fundamentally better placed with Euro debt crises etc but now with the rate hike speculation, ECB rhetoric today, Dismal UK q4 growth and full impact of UK cuts ahead, are you still in favour of gbp V euro.

On another note why does 2.4% inflation in Euro zone lead to ECB being so hawkish on rate hike whilst 5% inflation in UK is not a cause of concern (relatively to Euro zone) Is this to do with relative growth prospects.

Kamran

djellal, I use internals and correlations all the time as appropriate to different instruments I been trading 16 yrs. These days markets are as of one. Nothing new to me there. Started adding currencies Jan 10 and following Ashraf for fundamentals education specific to forex. I really don't need to follow your posts from what I have seen thus far. You seem like you are only here for an ego trip. I have been trading long enough to recognise experienced from novices in forums and I have moderated RT trading rooms so have a view from both sides of this fence. I make a good living from trading my account and only follow my own systems and analysis.

You should not rubbish chartists, it is ridiculous to do that as it shows a deep lack of experience and understanding for the challenge. I do not rubbish those who prefer to trade fundamentals so long as they employ sensible MM and know when they are wrong on a trade. I do think they need to have some form of charting however. Perhaps you would like to tell me something about yourself if you feel I do you an injustice. Alternatively you and I need to cool it for the sake of the forum.

Finally, I have as much right as you to express my opinion or contradict others on UK fundamentals in this forum. If you don't like my take well that's tough. If I see you comment on chf fundies I might take some note of what you have to say. Its my belief that fundamental bias can enhance technical trading so long as the directional bias synchronises in both. For actual news trading there is little or nothing you would be able to teach this old war horse :-)

wow DJ what caused this venom, was it your take on the eurgbp, gbpusd you shorted prior to the MPC news event. I warned about the danger of that and hey presto it was a good long news trade. Grow up sony boy, all you do is boast. I shouldn't want to be a client of your's, can't imagine who would. Your contribution to the forum has nothing more than ego value to you imo. Only amateurs boast about their trades and if you want to make a habit of this you need to submit account proof or make very clear calls at time of entry. Anything else is a farce and you just look silly. I trade the daily timeframe swings DJ and I trade intra day when direction is cloudy. I am a technician not a fundamentalist but I do have a good fundamental feel for uk.

I suggest you procrastinate about your own home economy and leave UK to others :-)