"Tsunami" - you sound just like Jim Rogers, who advised shorting cable at 1.37.

Cable Update (GBPUSD)

I think you're being too modest with the 90% luck, as it's far, far less than that. You have always spoken with a balanced long-term perspective on cable whenever posting on this forum. You had the same approach to equities when everyone was dumping ...

Cable Update (GBPUSD)

Possibly not such a good move... Remuneration and recruitment in this sector are both now on the up, certainly in the UK for market-based positions.

Cable Update (GBPUSD)

but both public and private sector debt compared to GDP are far worse in the UK, Alan. QE3

Cable Update (GBPUSD)

Well, don't. Just enjoy your moment in the sun, Alan. A break below 6240 would really add conviction to a big downside move. Until that happens, we are still in a range, albeit one with a softer tone.

Cable Update (GBPUSD)

But cable isn't just about dollar strength or the lack thereof. Most of the recent weakness in the pair can, I believe, be attributed to the extension of QE (which cost sterling in comparative yields terms against the greenback and the euro) and the ...

Cable Update (GBPUSD)

Hi GM, Yes, the figures released on Thursday painted an appalling picture of the fiscal position in the UK. There was expected to be a net borrowing requirement from the public sector of £300m for the month of July (normally a surplus month), ...

Cable Update (GBPUSD)

I think we have to ask, what is likely to be supportive of cable if risk aversion spikes up, causing equities to sell off? In this environment, can you see sterling remaining in demand, given the fact it's generally seen by most as being one of the ...

Cable Update (GBPUSD)

Well, I think he needs to come in here for a quick boogie!

Cable Update (GBPUSD)

Totally on the same page here, WB. Sterling's close association with investor risk appetite has been holding it up throughout this year. Yet, we are now seeing early signs of a divergence in this once close relationship. What happens when equities ...

Cable Update (GBPUSD)

hahaha..... I have similar issues with constant "big boys are doing this, but thinking this, whereas some big boys are playing the game. something's cooking with the big boys..." type of posts. Glad I'm not the only one, GM. Cheers, Paul

Cable Update (GBPUSD)

I understand the news and am very experienced in judging the market's reaction to such events. Yet I still refuse to employ trading news as a strategy. With the benefit of experience, Sam, you will learn to position your trades with stop levels that ...

Cable Update (GBPUSD)

But if you don't fully understand the news, then it's best to just stick with your charts and observe what you see haapening in front of your eyes, rather than blindly guessing what you think should happen.

Cable Update (GBPUSD)

No, the news overall is bad. But, as BB wisely said, forget the news and trade from your chart.

Cable Update (GBPUSD)

In a word, yes. I think your analysis is spot on, mate. The main aim of QE is to keep interest rates low. Data like these puts gilt prices under pressure, which raises associated borrowing costs in the wider economy. Through increasing QE, the BOE ...

Cable Update (GBPUSD)

hi Daffy, They're absolutely dire figures on the borrowing requirements. July used to be a surplus month. hi all, This is why gilts and sterling are coming under pressure right now.

Cable Update (GBPUSD)

They're (GBP and NZD) both seen as barometers of risk, hence the correlation you've noticed.

Cable Update (GBPUSD)

further weakness in equities as the day progresses should provide some strong momentum for a push to the downside.

Cable Update (GBPUSD)

Hey BB! 6200 would be sweet revenge for what she done to me yesterday! but i'd settle for 6345, then 6260-70 area should provide some support, after which your beautiful target of 6200 would be in sight!

Cable Update (GBPUSD)

Chinese equities have gone into a technical bear market, defined by a 20% drop in the equity index from recent highs, which has occurred since the start of August. Understandably, this has knocked investor sentiment.

Cable Update (GBPUSD)