Not quite true. Cable has straddled 2.0 for a couple of years without any major corrections until now. This one is unprecendented, though - I don't see anything like this since at least early nineties, but back then the FX market was much smaller ...

Cable Update (GBPUSD)

Not sure what you're getting at - that the U.S. economy gets it hopes up in election years? DJIA has balooned over the years, election or not. And okay, so U.K. is in a bad shape - but what about everything else vs. $ - oil, gold, euro, loonie? What ...

Cable Update (GBPUSD)

This is Fed's intervention. There's no other explanation for the continued dollar strength. I don't care what your style is - TA, fundies - doesn't matter how you spin it, 2300 pips in 6 weeks is insanity.

Cable Update (GBPUSD)

Not that it makes anything clearer, but $ is down vs every major now, even the Aussie... I don't think Gustav has much to do with it, as it's not yet clear what impact it's going to have, if any. Oil is certainly up, but I don't think it's the major ...

EURUSD

Well, this might explain some of it, if said intervention is believed to have taken place already: url

EURUSD

Would you guys agree that August is perhaps the worst month to trade forex, due to low liquidity and sharp currency moves in the absence of market-moving news? For instance, I can understand why oil is pushing higher but why EU and GU would be going ...

EURUSD

Oh really? So we must be in an uptrend now, based on your statement?

EURUSD

Yet another self-proclaimed TA guru. The dollar dropped against just about EVERY currency in the same amount of time. I'm sure you can give me a handful of reasons why that happened too, based on their respective charts. I say someone freaked out ...

EURUSD

Congrats on your gamble - it doesn't explain what happened, however.

EURUSD

What just happened to the USD half an hour ago??? Can't see any significant news...

EURUSD

You know, I had a short with the entry around $120.600 Thursday night, but chickened out and closed for some miniscule profit... as opposed to holding another 10 hours and closing the week with a bang. I only trade mini-oil and whenever I do it's ...

EURUSD

Yes. You took a very aggressive trade. What's your position size anyway, compared to account value?

EURUSD

London is but DAX and CAC aren't. Trust me, there will be much better shorting opportunities in A.M. GMT.

EURUSD

Take a 20 pip loss now and wait for re-entry. Looks like Asia is done buying $ for now - regroup and wait for the European session. Good luck.

EURUSD

Looks like I called oil spot on. We are not going anywhere near $150 at least for months to come. A safer futures trade at the moment appears to be shorting Sept YM which is bound to drop back down to 11300 - 11400 range this week. Good luck ...

EURUSD

LSE will be closed all day today, August 25th: url I am seeing some really wide spreads occasionally on my broker's platform (IB), up to 8 pips. Cable is already down huge; I wonder how much lower it will be taken during European hours today due ...

Will London be open on Monday?

Gold is propping this up - for now. I think 1.4800 is very realistic before Bernanke's speech.

EURUSD

Wow, this is shagadelic - the USD is back. Yeah, baby, yeah!

EURUSD

Very true - so far the volume of Oct YG on GLOBEX is 4, and one of those is mine; got stopped out. No matter, will short more as soon as it gets closer to $840 again.

EURUSD

As it happens, oil is already down half a buck in the time we've exchanged these posts. Can you provide the source of the 90% estimate you're giving? Europe is not the largest oil consumer (not even close), and Russia is not the largest world oil ...

EURUSD