It is leaning towards a possibility of a bearish sign, but certainly no signals yet. In fact despite resistance at 6341, if you put a gun to my head and forced me to take a trade, I'd go long with a 6380/90 target. Then perhaps I would short from ...

Cable Update (GBPUSD)

1.6341 should offer strong resistance, but if it turns out to be yet one more wet toilet paper level, then there's the falling trend line from the high to the last lower high. As such, there is nothing compelling me to go long seeing as there is no ...

Cable Update (GBPUSD)

It's all about the yield curve adjustments in the US Treasury markets as they prepare for tapering. Call it a kneejerk reaction. If we see a 200K + number tomorrow, the USD should fly. Notice I said "should". :nerd: ADD: The above is assuming that ...

EurAnalysis

Why do you draw your Fibo upside down? That level on my fibo is 76.4 78.6, which I think is more significant is at 1.3716

Oktoberfest Nightclub

I got in at 1.6323 with a small long at 17:30 GMT (London Closing Bell)... A tester. However, I gave up and got out at 1.6330 for +7... enough for a coffee and a sandwich

Cable Update (GBPUSD)

You forgot one... Jan 2013 high at 1.3709

Oktoberfest Nightclub

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EurAnalysis

If we have topped, then we're headed for 1.04xx zone before any more possible upside.

EurAnalysis

1.0750/70 area should do it, and then sell the hell out of it.

EurAnalysis

Looks like it was a nice opp to reload your longs anyway

EurAnalysis

Did you see the CAD data? It wasn't me mate.

EurAnalysis

Blow out US GDP number at +3.6% vs +3.0 expected vs +2.8% prior. Also blowout 298K Jobless claims number vs 328K expected. Can you say December taper. All we need now is a 200K+ NFP tomorrow. Closed the remainder of my 1.6242 G/U long position Now ...

EurAnalysis

The UK OBR (Office of Budget Responsibility) is forecasting 2014 as another negative to very slow growth for the Eurozone as a whole. So, it will be very interesting to see if the ECB staff economists come up with the same forecasts.

EurAnalysis

Apparently the word is that the agency directors were abducted by aliens

EurAnalysis

Hmmm Second time I've read that today, and I tend to agree it is one of the probabilities.

The Club!

It looks like the bear fell down the hill

The Club!

With the latest strength in the employment components of the PMI's, the lower jobless claims numbers and the strong ADP with previous revisions, I would not be surprised if we see an unemployment of 7.1% on Friday... add some manipulation to that ...

Cable Update (GBPUSD)

EUR/USD has diverged from its yield spread This is very interesting, but I have a theory why. Yield differentials between EZ and US (US Positive) have taken a back seat to the yield differentials between Japan and EZ (EZ Positive). Also, forecasted ...

EurAnalysis

Yep. This is going to be fun... I hope.

EurAnalysis