Below forecast data I look for a test of the 1.0750 level

USDCAD trend reversal?

It does look like 1.9930 is capping for now

Cable Update (GBPUSD)

Sounds good to me

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That 1.9925 area's proving tough resistance so far.

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Agreed. I'd rather watch the action and provide my own human stop/loss

Daily GBP/JPY analysis

You're probably right, so that proves the point even more no? The more dissenting hawks the better for GBP bulls

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The key is the vote, last time they voted 7-2 iirc.

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long at 19900 s/l 19880 tp above the 19925 zone

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Interesting strategy

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That's why its always advisable to wait out the news, post data there's always an initial rush of short/long covering after which it's imvho better to trade instead of on the initial rush.

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5/4 to hold?

Daily GBP/JPY analysis

I meant the G8, the interest rate in some South American countries is probably higher but they're irrelevant.

Um, what just happened in New Zealand?

A concerted intervention by the US won't happen because geopolitically the US needs Japan as a counterweight to an obviously strong China. Notice the US has not publicly lamented the weight of the Yen on US Mfg. Corp. America has complained but the ...

Daily GBP/JPY analysis

Even if they dropped rates by 1% they'd still be the highest in the world.

Um, what just happened in New Zealand?

The problem is, regardless of the BoJ's intervention real interest rate differentials are so skewed in favor of any of the high yielders that it would take a concerted, and sustained buying of Yen by the BOJ to curtail the carry trade and why/how ...

Daily GBP/JPY analysis

RBNZ are small fry in this thing, Warren Buffet could outspend the RBNZ. They'd have to sound a lot less hawkish, and cut rates 2 consecutive meetings to get the NZD to cool off. I remember trading it at 59 last Summer.

Um, what just happened in New Zealand?

1.2 Trillion eh?

Daily GBP/JPY analysis

I concurred, so what are you bitching about? It should drop after it corrects towards the 62% level Fibo of the move from 1.96 to 1.99. Again expressing sentiments or opinions is what this is all about no?

Cable Update (GBPUSD)

Fed Speak in Singapore by Geithner moved the GBP and EUR.

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Exactly

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