Forum > View Topic (Analytic)
by Ashraf Laidi
Posted: Nov 18, 2008 3:15
Comments: 1310
View Analytic
This thread was started in response to the Analytic:

GBP Trade Index 18-Year Chart

Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 16:48
If U.S. EVER comes out with even one piece of economic data whioch is decent, and this seems almost impossible at the moment, cable will tumble towards 1.600. It's only at these levels because of tghe eur/gbp cross. Is that a reason for the mo-mo players to be long cable?

As Ashraft states, and I completely agree, trading cable is very, very difficult on one's patience.
Pipster
birmingham, UK
Posts: 111
14 years ago
Jan 14, 2010 16:04
Pippedoff,

I'm looking at the daily sto' and they are pointing big time for the Eur/Gbp and might break below the chart that forextrader presented. Based on what you say - Cable should be going higher. What do you think. ta
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 15:47
Whose gutsy enough to fade cable at 1.6315 now that eur/gbp has stopped declining?
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 15:32
Cable making a living off euros woes. Only thing supporting cable price at the moment are flows from euro, just check eur/gbp. When this pair stops going down, cable will.
Celtic girl
Andorra
Posted Anonymously
14 years ago
Jan 14, 2010 15:28
in the next quarter in the run up to the uk general election, you will see a rise in interest rates.
there are a hell of a lot more savers than mortgages holders, and broon will want to keep them
sweet, as they are getting zero interest at the moment. If opinions polls remain the same
conservatives 43 v labour30 the cons will get in with a working majority. Of course labour will
be pulling out all the stops, making all the right noises, in otherwise they will lie through their teeth,
however, l dont think that the british electorate will be conned twice. lf opinion remain the same or
improve, you will see sterling gradually strengthen up to election, after that who knows!
forextrader
Russia
Posted Anonymously
14 years ago
Jan 14, 2010 10:22
The GBP/USD pair is heading toward a big break out soon. .
Euro/GBP has been in 250 pip range since early November as you see the channel is getting narrower, a break down side this channel will take the GBP/USD 1.68 a break above this channel than 1.57
Pipster
birmingham, UK
Posts: 111
14 years ago
Jan 14, 2010 9:58
Cheers Vik - am out and waiting
BEAR
Nevada, United States
Posts: 14
14 years ago
Jan 14, 2010 9:50
GBP

In channel now headed for 16330.

I am waiting for a break of either 16310 (upside) or 16260 (downside) to enter a position. I see it going long at the start of the US session. Looks like it could be range bound until news breaks in US session. I took 2 different positions at 16275 and rode them up to 16300 for a quick 25 pips but takes forever.

good luck all
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Jan 14, 2010 9:50
Pipster

I would not recommend doing anything on the EURO till the ECB rate decision / press conference a few hours from now.

vik
Pipster
birmingham, UK
Posts: 111
14 years ago
Jan 14, 2010 9:39
Guys,

Is Eur/Usd good to short and if it was to be manipulated how high could it go. thanks
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