But do you still stick with your earlier expectation of the general downtrend for cable?

Cable Update (GBPUSD)

Was down earlier after shooting up. The retracement was hefty. Now it's back up.

Cable Update (GBPUSD)

You really are!! But seriously. Cable's behavior is so strange. Good data send it down. In the past bad data pushed it up.

Cable Update (GBPUSD)

No problem. Everybody trading off of NAV signal will pay 10% of their profit. The signal is so good that it's worth it.

Cable Update (GBPUSD)

The price action validates that cable is getting weaker. But as a principle, when inflation is high in a country, the country's currency will strengthen because of more likelihood of rate hike instead of rate cut. That's why CPI is a most watched ...

Cable Update (GBPUSD)

Are you really long? No wonder. I told you to make an announcement when you get in the trade? OK, everybody should short cable now.

Cable Update (GBPUSD)

High inflation means it's less likely that BOE will cut interest rates further, even though they are faced with sluggish economy and would like to lower rates to stimulate it. That just means stronger GBP.

Cable Update (GBPUSD)

Cable just doesn't seem to any strength despite good data. Shot up and came back down promptly.

Cable Update (GBPUSD)

Technically it looks like you are right, but psychologically (or maybe emotionally) it's scary.

Malaysia

From the little experience I've had, US afternoon session on Friday doesn't have much going. People just consolildate, take profit, etc., to prepare for weekend.

EURUSD

May I ask what you see to make you want to go short? Seems like eurusd is still push for daily high.

Malaysia

EURUSD had a nice 300+ run in the last two days. What do you think is in store next week?

Breeze....Update on GBP/JPY

I totally agree. It seems counterproductive.

EURUSD

Hi Sham, What's your thought on fiber? I know you entered short. It's been hanging around all morning. Do you see it moving anywhere? London open will be in a couple of hours. How will it affect it?

Malaysia

Any particular reason why you expecting the unemployment to rise? Your pure guess or something backing it up?

Breeze....Update on GBP/JPY

I agree with you that the root cause of the inflation is oil prices. That's why I said it's dumb of Trichet to want to fight inflation by raising interest rate, which in turn drives up the oil prices. However, to bring down the oil prices is just ...

Malaysia

I have found it most tricky to set stop loss. If you go back to what happened last night to fiber before it took off. It went way down below 1.54, presumably to hunt to stop losses, before it took off on its 200 pip hike. So many had the direction ...

Malaysia

What Trichet said didn't make much sense. His goal is supposed to be controlling inflation. By saying that they might raise interest rate, he pushed up fiber by 1.5% but pushed up oil by more than twice that much. What is the cause of inflation? ...

Malaysia

What's your target tp? Or left open? Are you seeing this as a small retracement before another bull run or is fiber still in the general down trend? It has been a weird week. First Bernanke talked fiber down, then Trichet drag it up.

Malaysia

Been there many times myself, floating big time. I would say to wait for a high point and dump the thing and go short since it's in a general downdward channel. Hope for some green GBP news and take your exit. Good luck.

Malaysia