I would ideally sit tight till it reaches 1.478 and establishes an uptred. Has to touch lower before it gets that high though. Lets see if she'll break 1.4458 .

Cable Update (GBPUSD)

reply — Ide be careful - it will be difficult for it move dramatically upwards before holiday time - but I'm speculating so ignore this. I'm with hoping it breaks 1.4558.

Cable Update (GBPUSD)

reply — Each to their opinion - mentioned Scotland seperately as North of England (Northern Rock) and Scotland are very sensitive to firms like DBS collapsing and has a sufficient short term and long term impact on unemployment etc - Its not ...

Cable Update (GBPUSD)

reply — Yep referring to that - Might seem tiny compared to Lehman but Scotland is small as well. DBS was the largest building society in Scotland and 12th largest in UK total assetts of £3.3 billion. Now that may not seem a big figure ...

Cable Update (GBPUSD)

Agree with the nationalisation plan - I think that would have caused issues short term but in the long run the right thing to do - Further seems like my earlier prediction of Eur/GBP and Cable divergence being adjusted to do a cross seems to be ...

Cable Update (GBPUSD)

Might not be AS bad but it definitly is worse then what we are being told - assett reclassification needs a correction figure that dates before the credit bubble hyperinflated assett backed securities and classes - this could in the worse case ...

Cable Update (GBPUSD)

Underlying principles — There is a greater war taking place - Chinese dont want to appreciate their currency as they have been asked to do numerous times - so to reduce trade deficity they devalue USD - still china and russia get upset as they ...

Cable Update (GBPUSD)

Stress Test — With 1 Trillion at hand and flexible accounting what company wouldnt pass a stress test and demonstrate they are doing better then they really are. This is all about investor confidence - They want the investors sitting on the ...

Cable Update (GBPUSD)

Sorry! — Sorry overbought!!!! Im going crazy with this market!

Cable Update (GBPUSD)

Reply — Just a note on WF their official earnings report is not due until after easter - its rather suspicuous that they would leak a rumour that their earnings are that high at this point in time. BoA and Citigroup havent - and their earnings ...

Cable Update (GBPUSD)

Yep — Yep - I think pound is inflated (or overbought) 1M Bollinger says the same but its pretty useless measure.

Cable Update (GBPUSD)

Barclays Result — Barclays has sold iShares for 4.4 billion - and hence the pound has shot up against most majors. This is just idiotic. Fed and BoE are completely impotent and traders are knee jerking - no discipline - no one has a clue of ...

Cable Update (GBPUSD)

No problem - remember no investor like China wants to invest in a company (if you thinkof US as a business) which deliberately wants to write down its own assets (USD) thereby reducing their clients investment value. Russia also has one of the ...

Cable Update (GBPUSD)

Yes — Yes - I think they are going to talk about how they are going to reduce their balance sheet when the time is right - they havent talked enough about that and they need to send a clear signal that they are serious about it - otherwise no ...

Cable Update (GBPUSD)

Last time Helicopter Ben Bernanke bazouked and shot money out of his helicopter - immediate reaction China/Russia sent warning about USD and wanting to set SDR as worlds currency - China/Russia are poised to use the current economic crisis to ...

Cable Update (GBPUSD)

Hmmm.. — I think 1.35 might be unrealistic as things have shifted dramatically unless a bigger then expected QE measure by BoE - I would put a more realistic figure as 1.44x before buy signal is triggered. But you are right it should go down ...

Cable Update (GBPUSD)

Smaller timescale — on a very small timescale should go down to 1.465 H&S - longer duration large traders like BNP Paribas have put buy signals at 1.463 - but I think hang tight they are in the process of changing minds or should be changing ...

Cable Update (GBPUSD)

Short Covering — I think there is a chance of short covering before FOMC and i think thats whats causing USD to go lower against most major currencies - earlier comment about Fed not being able to print anymore money short term plus pressure ...

Cable Update (GBPUSD)

Lets not Dwell on Nationalilities — Hey everybody - lets not dwell on where everyone is from - in the game of FX we the small traders are all in it together - we are all brothers/warriors in the same game and need to help and support each ...

Cable Update (GBPUSD)

BRC Inflation is rubbish — BRC inflation has risen and hence pound shot up - these are are the big traders who have set up the systems to buy/sell according to news - these indicators are rubbish. BRC inflation has risen purely on food price ...

Cable Update (GBPUSD)