The Federal Reserve announced late Thursday that it was raising its discount rate in order to push banks to borrow from the private market for short-term credit. In a statement, the Fed said it would raise its discount, or primary credit rate, to ...

EURUSD

That was a quick 50 pips over shabby data, buyers missing in action...

Cable Update (GBPUSD)

If you want to gamble a little: Buy her as low as possible ahead of the news.

Cable Update (GBPUSD)

The pound is being sold off after the European news... EUR is going up, the dollar continuing to climb lower. Seems like the pound had the biggest reaction..?

Cable Update (GBPUSD)

It it works, stick with it! And, good luck! Regarding EA's or computers in general: Following rules are their specialty. No human can do that any better But if a general sense of the market, or some speculation, is supposed to be a ...

Cable Update (GBPUSD)

Then no reason to trade it manually, right? You should get this system automated (or at least semi-automated), i.e. create an "Expert Advisor" to trade for you. Ok, I know it's not that easy. But seriously, might be an idea if your system is very ...

Cable Update (GBPUSD)

SL moved to BE. Let's see if it's able to survive the asian session...

Cable Update (GBPUSD)

No, the volatility and activity is lower than in the other sessions. Major movements before 05-06 UTC/GMT is highly unusual.

Cable Update (GBPUSD)

Right now: Dollar, dollar, dollar. The effect should be observable in any USD pair.

Cable Update (GBPUSD)

Long @ 1.6484, SL @ 1.6452.

Cable Update (GBPUSD)

The dollar looks a bit overdone to the upside, looking to fade...

Cable Update (GBPUSD)

Damn, that went quick. It has been taken care of already (futures indicating 9000 if Dow was to open right now), thanks to Microsoft..??

Cable Update (GBPUSD)

I have to respectfully disagree. Blame the dollar. It had a new lower low today, and now it's back at it's highs of the day!! image The Pound however, has been sliding steadily higher since yesterday.

Cable Update (GBPUSD)

Yes, that would make a lot of sense. At least a test of 9000 as support, that would only be healthy. Without some proper retracements and pauses, I'm afraid we are bound to crash head first into a brick wall soon.

Cable Update (GBPUSD)

Nah, no good. Closed (BE).

Cable Update (GBPUSD)

Long @ 1.6520, SL @ 1.6494.

Cable Update (GBPUSD)

Yes, that's a Cobra chart

Cable Update (GBPUSD)

Crude's continuing UP

Cable Update (GBPUSD)

Good luck, may the rocket be with you!

Cable Update (GBPUSD)

1.6555 shows up as a daily resistance level on my charts, I guess we're actually testing it as support now. So a long entry would be 'by the book' if it holds, though being quite late to join the rally. Narrow consolidation in Dow and crude for the ...

Cable Update (GBPUSD)