Agreed. Carney has already flagged that unemployment alone will not dictate monetary policy, meaning he's slowly stepping back from the 7% threshold. Also, it's worth remembering that when he made that initial forward guidance based, in the main, on ...

Cable Update (GBPUSD)

A sign of a seasoned and very able trader, one who knows how to think critically about his own analysis.

Cable Update (GBPUSD)

I thought I remember you saying that you'd definitely sell if 1.52(or was it 1.53) was hit, just before we had the move to 1.56... Perhaps I am mistaken - I can't be bothered to go back over old posts.

Cable Update (GBPUSD)

Hello Chris, Good to see you. Been reading a few threads over the past couple of weeks. Your analysis is pretty solid, my friend. I hope you and your family are well.

Cable Update (GBPUSD)

You were suspiciously quiet during the move from 1.52 to 1.56. You should tone your rhetoric down a bit, rather than shouting so loudly only when you get something right.

Cable Update (GBPUSD)

well said... to think this is some sort of hunt on the stops of retail traders is absurd

EURUSD

This smells like a major liquidation of a hedge fund(s), definitely not some non-existent stop hunt. market dynamics in its purest form; the panic move towards the exits...

EURUSD

Excellent

What kind of music you hear while you trade?

and when you withdraw your money - here's the best bit - you get back principal and interest paid in nice shiny new Drachmas!

Does anyone trade for others?

National Bank of Greece, perhaps, or Piraeus Bank?

Does anyone trade for others?

video

What kind of music you hear while you trade?

Out of interest, what would you suggest the BOE do, Sisse? The current monetary policy is clear for all to see: have an unspoken target for nominal GDP growth (this GDP growth is mostly is achieved through an elevated rate of inflation, with hardly ...

The Really Useless Thread

The first launch of QE in the UK, as we know it, came in March 2009, when the Bank Rate was at an all-time low and could effectively go no lower to provide any sort of meaningful boost to the economy. All things being equal, I agree, that sterling ...

The Really Useless Thread

All the information, warning signals, were out there for all to see in August 2007, prior to the Q4 to which Bernanke refers: the freezing of money markets; ballooning TED spread; dysfunctional LIBOR; Northern Rock blowing up in the UK etc.... ...

The Really Useless Thread

To be fair to Bernanke, he refers to the final quarter of 2007, at which point the crisis in interbank liquidity was firmly underway. Remember the ECB's huge liquidity injection at the start of August that year, due to frozen money markets? This ...

The Really Useless Thread

If the haircut was closer to current market levels, it would be a de-facto official acknowledgement that a huge chunk of European banks are insolvent, as focus would shift to the banks' holdings of paper issued by the other PIIGS, something which ...

The Really Useless Thread

Agreed. The markets gave up on Greece some time ago, which is evident from the 90%+ yield on 1-year paper. No one in their right mind believes they have a hope in hell of growing their way out of this mess, particularly when they're facing such ...

The Really Useless Thread