Im with plutonite, worth a risky short here with psycological 2 level other factors DOW, S+P futures down Oil down T-notes up USD/CHF just bounced off 50 fib level up 2.30pm will be interesting time

Cable Update (GBPUSD)

Events have certainly hit me today in the pocket The question on my mind is wether market is pricing in another rate hike by BOE which will take us $2 plus.

Cable Update (GBPUSD)

I think this looks bearish. I put a 3 sells on yesterday at 1.0742 1st pic shows a rough trend channel guide from yesterday. Currently at top 2nd chart shows a 4 hour tail bar formation that formed then cross on fozzy system. Im hoping we reach back ...

USDCAD trend reversal?

Just to look at trend lines since 18th April we can see it has changed many times - pic 1, I myself have constantly altered it as times gos by as it looks better, however I learnt I was cheating myself here and it was costing me pips. pic 2 shows ...

Cable Update (GBPUSD)

I would say a good target is 1.9961-67 (depending on price feed) This was the previous daily high from 6th June

Cable Update (GBPUSD)

Ive gone long at 1.0624 SL 30

USDCAD trend reversal?

Good idea Cesarnc time for bacon butties with brown sauce I think South is next for UJ thats if 123.30 is broken daily chart below

USD/JPY Discussion

Here is weekly chart - 3rd week running new bar high has been posted. Looking better to long this for a long term trade possibly.

USDCAD trend reversal?

Here is my daily chart with long term fib levels, still long for now 23.6% is around 1.9910 area which is a good target I think (may hit tomorrow?)

Cable Update (GBPUSD)

Closing longs at 1.9769 which was my target (cable still looks bullish but better take profits whilst you have them!) 4 hour chart shows 38.2% retrace was my target, damn fine things fibs

Cable Update (GBPUSD)

Consumer sentiment will decide at 3pm. Recently US economy has been propped up by high consumer spending even with bad housing and oil prices. So therefore a drop in consumer sentiment could hurt $ quite a bit IMO.

Cable Update (GBPUSD)

katzenhai2 I saw you cover up your mistake lol

Cable Update (GBPUSD)

stop spamming trying to claim that 1000th page

Cable Update (GBPUSD)

Im in the UK and get CNBC Europe - Morning call is the name of the show currently on with Rick Santelli (think thats his name) currently speaking No Chinese on just talking about CPI figures etc EDIT sqwuak on the street has just started on CNBC a ...

Cable Update (GBPUSD)

news may give you a spike your way

Cable Update (GBPUSD)

Just on CNBC TV channel - They have price tickers on the screen at all times. Also gives 10 year notes as well. Bloomberg no doubt will have the same S&P Fut - up 9.5 DJ Fut - up 72 EUR/USD looking very bullish so far

Cable Update (GBPUSD)

Take a look at S&P and DOW Jones futures - they have shot up on reaction to the news. This means traders are seeing a no change of stance from FED. ie no rate hike for foreseeable future as inflation has moderated. This is good for stocks. I think ...

Cable Update (GBPUSD)

Sorry Headmaster I will not do it again.

USDCAD trend reversal?

Im bullish myself, cant see a reason for a big drop other than a surprise rate hike or if Mr Fukui drops a hint of one.

Daily GBP/JPY analysis

Looking at daily charts trying to apply price action looks like EUR/USD is turning bullish USD/CHF - turning Bearish GBP/JPY - Bullish EUR/JPY - Bullish Gold - turning Bullish In relation to their correlation with cable, this would mean in theory a ...

Cable Update (GBPUSD)