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- Pip Dream replied Jan 1, 2009
Of course a degree of factoring in occurs before an announcement, but when the announcement surprises to the upside or downside you can't factor that in.
- Pip Dream replied Jan 1, 2009
No because BOE rate cuts are imminent so that's what keeps it from reaching the levels you mention.
- Pip Dream replied Jan 1, 2009
Is this a view from technical reasoning only or are you considering the fundamentals? You need to consider the fundamentals here as another possible 0.50% rate cut is looming (UK rate decision 08 Jan I think but check on that). The forthcoming UK ...
- Pip Dream replied Dec 5, 2008
Mmm..point taken. I agree UJ will go down. From my experience a weak NFP reading weighs on the USD and that's why I think it'll send this pair up but perhaps the risk aversion will be the over riding factor so I'll keep it in mind. Thanks!
- Pip Dream replied Dec 5, 2008
Movement after NFP news??? — I think we'll get a break out of this little range after the NFP news in a couple of hours approx. If the news is worse than expected (which it could well be) I think we'll be going up this afternoon.
- Pip Dream replied Dec 5, 2008
It seems that way doesn't it. You can sit there for hours with nothing going on and the moment you go away for 2 mins it decides to break out. Glad it's not just me they've got it in for!!
- Pip Dream replied Dec 5, 2008
Ha haa, that's brilliant!! You're posts do amuse me Mr Clogger
- Pip Dream replied Dec 4, 2008
Ding, ding, ding, ding....Nice!!! That'll do for now. Looking forward to midday now
- Pip Dream replied Dec 4, 2008
How low can you go???? 134.50 I think!! Midday, if the rate announcement is 1% or less, we'll see some bullish action I believe. If it's 1.5%, well we could keep going down
- Pip Dream replied Dec 4, 2008
That's more like it!!!
- Pip Dream replied Dec 4, 2008
Mmmn, they seem to be moving in opposite directions......
- Pip Dream replied Dec 4, 2008
Exactly!! and it's certainly cold here. Hang on.... could this be the move??
- Pip Dream replied Dec 4, 2008
Ha ha, yes you're right but I got up especially early today hoping to catch some movement. We usually get something around this time but I'm beginning to wish I'd stayed in bed!
- Pip Dream replied Dec 4, 2008
most frustrating.....come on you, down, down, down, down!!!
- Pip Dream replied Dec 3, 2008
My opinion is that it depends on the actual amount they cut by. I think a rate cut of 1% has probably been factored in over the last few days and tonight so we may see a turn upwards after the announcement if it's 0.75% or 1.00%. However it's not ...
- Pip Dream replied Dec 3, 2008
That's a pretty little Head & Shoulders on the 5 minute chart.
- Pip Dream replied Dec 3, 2008
Lets hope he did!!
- Pip Dream replied Dec 3, 2008
I would move your SL to 138.32 if I were you just in case i decides to kiss the previous high. It'd be a shame to get stopped out and then see it go back down. Good luck
- Pip Dream replied Dec 3, 2008
Very good indeed! Couldn't have got much closer. As for the big drop on Monday.......I think it could happen tomorrow dependant on whether we see a 1.5% rate cut. Time will tell
- Pip Dream replied Dec 3, 2008
Good resistance at 138.18 (ish)