There is definitely some confusion on this thread, with many assuming the notional amount on an expiring vanilla contract is what the writer of the option will pay-out to the buyer in the event of the trade being in-the-money at the expiration time ...

Cable Update (GBPUSD)

Interesting article on BBC, reporting that a Sunday Times poll (conducted by YouGuv) is showing the Yes campaign leading 51% to 49%. url

Cable Update (GBPUSD)

I don't always agree with Davit's logic, but - from the posts of his I have read - I greatly respect him for being so upfront and honest about his successes and failures.

Cable Update (GBPUSD)

It's difficult to know how it will pan out. One thing is for certain is that the Yes camp have strong momentum and, as we know from trading, this is a powerful thing to have on your side. For reasons not related to trading, I sincerely hope that the ...

Cable Update (GBPUSD)

A yes vote for Scottish independence is definitely not fully priced in. The big fall in cable earlier in the week was, largely, as a result of the unexpected decline of the lead held by the No camp, which diminished to only 6 points. The base case, ...

Cable Update (GBPUSD)

Good to see you, too, Chris. Hope you are keeping well, my friend.

Cable Update (GBPUSD)

It is not in their interests to do so right now, particularly when the currency is so well supported technically and fundamentally. There are more than enough willing buyers at the moment, following the decisive break, so no need for intervention ...

Cable Update (GBPUSD)

It's wistful thinking to postulate that the BOE are rigging the markets.

Cable Update (GBPUSD)

On it's own, as a pure punt on volatility, then it's reasonable size, yes. But for a billion dollar hedge fund, as the article implies, it's not huge. The only outlay, the upfront premium of $13m, would only be 1.3% of a billion dollar fund's assets ...

Cable Update (GBPUSD)

That's not a bad bet.... It's a volatile index and exhibits an asymmetric relationship with the price levels of the S&P500, in that the VIX spikes, often disproportionately, when equities wobble. It is not a huge bet (the premium is the only cost of ...

Cable Update (GBPUSD)

You, too, Chris. Watching 6820 very closely and waiting to see if EURGBP can sustain the break below 8150, before taking a new position.

Cable Update (GBPUSD)

It's how brokers made their money; either on the width of the spread when you open and close a trade or by the amount of swap points they charge for overnight rolls. Yes, the computation is standard - and is a very simple calculation - but the ...

Cable Update (GBPUSD)

The theoretical figure of £600m would be market moving in all pairs - if only on a very short-term basis - and would incur a wide quoted spread from the bank's dealing desk. In such a case, the large corporate would usually split the order between a ...

Cable Update (GBPUSD)

EURGBP cannot in any way be thought about as being a separate subject matter when discussing correlation of cable and EU. The correlation (between GU and EU) is high, for sure, but EURGBP can, and does, breakout (or breakdown) in the same way as any ...

Cable Update (GBPUSD)

I am well aware of the macro situation surrounding the UK economy, more so than your good self, so I don't really need the links provided relating to quotes by Carney. Bear in mind also that Carney's views are just that: "views" based on internal ...

Cable Update (GBPUSD)

This is your opinion, certainly not a fact of any sort.

Cable Update (GBPUSD)

Core CPI is often what policy-makers focus on, as this excludes food and energy prices (which are mainly externally created price pressures), providing a finer indicator to the actual underlying inflation pressures within the domestic economy. For ...

Cable Update (GBPUSD)

A higher pound won't hurt exports as significantly as many imagine. One only needs to observe how UK exporters failed to make any gains from the massive fall in cable (and sterling across the board) from levels above 2.00 in 2007. This showed a ...

Cable Update (GBPUSD)

What price level constitutes reality?

Cable Update (GBPUSD)

Things are going well, thanks GM. A slow start to 2014, but things are picking up this week. I'm still very actively trading, mainly on equity futures but still can't resist the allure of FX, especially with cable looking so interesting at the ...

Cable Update (GBPUSD)