US news on its way! lets see if it gives us a direction.

Cable Update (GBPUSD)

yes. i also trade covered warrants with tdwaterhouse. im in long for a warrant for gbp to finish over 2.05 by june 20. can make some good money trading them as there usually is always a period where you are in profit but need some good money upfront.

Cable Update (GBPUSD)

yes bu u can trade just the same on that account as you do on forex accounts. no difference its just that the tax man wont get any profits!!

Cable Update (GBPUSD)

NAVIN you are better off getting a spread betting account to trade the financials as it is tax free in the UK.

Cable Update (GBPUSD)

gbp/usd — the gbp/usd is going to fly high as this is a temporary downfall before the rise. The downfall is usually due to people who have shorted putting in more shorts to try and average down their positions. So once they have been wiped out ...

Cable Update (GBPUSD)

commodities — The dollar is not influenced by the commodities. The commodities themselves are influenced by the dollar. A weak dollar means that other countries find it cheaper to buy oil and gold which is traded in USD. Therefore the price of ...

Cable Update (GBPUSD)

lots of resistance at 19960. im still in long. I think even if BoE reduce rates by 25 points its still priced in. Only way USD can gain is if the fed stay still and dont reduce which is very unlikely. once this thing crosses 19960 and then 2.0 it is ...

Cable Update (GBPUSD)

thanks turveyd. made a handsome 150 pounds sterling from the trade. still long with the gbp/usd long term

Cable Update (GBPUSD)

all sounds good Nav. But you seem too confident about these 100% trades and thats where the market will gobble you up!! lol If you so sure about 100% trades then stick 6000 on it!! and let me know too lol godd luck man!!

Cable Update (GBPUSD)

hi — just shorted usd/jby as i type.

Cable Update (GBPUSD)

from bloomberg today — Traders raised bets that Fed will lower the key interest rate three quarters of a percentage point at its March 18 meeting. Fed fund futures contracts on the Chicago Board of Trade show 72 percent odds the Fed will cut ...

Cable Update (GBPUSD)

no movement today — no real movement today. all going in a sideways channel. i guess the mrket is waiting for the rate deciion on thursday. no real news coming out before then.

Cable Update (GBPUSD)

UK hedge fund loss — did cable drop because of hedge fund loss in UK? still think the dollar is doomed as further news to come to today. House price survey said that recession not likely even though prices down by 0.5%. So i think the UK ...

Cable Update (GBPUSD)

need to provide the source for your information or this is illegal ramping!!

Cable Update (GBPUSD)

only a matter of time — its only a matter of time before gbp/usd rises. I think its all the shorters who are adding to their positions out of fright that is stopping this thing from rising after the bad usd news. I wont be surprised if there ...

Cable Update (GBPUSD)

Whats going on — the US have an emergency cut, plus a further 500 bp cut in interest rates. The jobs fall for a record first time!!! and what happens? the GBP falls!! I think it must be all the shorters of the GBP getting nervous and unwinding ...

Cable Update (GBPUSD)

or thats what u hope!!

Cable Update (GBPUSD)

news all positive for uk and GBP. can only see GBP going up! UK ecomony is healthy and the USA panicked

Cable Update (GBPUSD)

u from the uk navin? i thinkthe price will continue to climb next few weeks as the bank of england have not panicked and staying steady for the moment

Cable Update (GBPUSD)

sorry cheap joke!!

Cable Update (GBPUSD)