Forex rebates on every trade - win or lose!

Bloody yanks :-)

cable got me as well, but not hit stop yet......

Maybe the rest of the worlds doesn't believe s&p ?

Treasury rhetoric, Spacie.....


The UK Treasury says S&P could revise back its negative outlook for Britain’s sovereign debt rating given the uncertainty in the econmic outlook. Cable on steadier footing in wake of comments, presently back around 1.5600.

Treasury spokesman has said “There are significant uncertainties in the global economy at the present time and S&P point out that the outlook could be revised back to stable ‘if fiscal outturns are more benign than (they) currently anticipate’.”

The spokesman adds “The Budget set out a clear plan to halve the deficit in five years. That judgement was based on a deliberately cautious view of the public finances.”

If S&P had any bottle they would also have issued the same statement about the US ... but they haven't.

Moody’s has come out and said its UK sovereign rating is stable and not under review. Moody’s feel the UK has enough balance sheet flexibility to absorb short-term shocks. UK public finances face considerable challenges, but damage can be reversed over time.

Cable sits at 1.5635. Think the market is still trying to recover from the shock of whats gone on this morning. Numb’s probably a good word.

Fitch has also come out and said it’s UK triple A rating with stable outlook remains unchanged.

Thank you Hillynomates.

Few posts for days then look what happens! I get a busy morning and miss all the fun.

Had cable long yesterday - closed early evening on hubby's suggestion as I'm working today - argued all evening (well briefly) that I closed too early - very glad I did!!

Is the dollar weakening because of risk reversion or because the US has QE'd itself into a position of extreme dilution?

Neither. It's weakening because it's in the charts.

From Market Ticker
If Foreign Central Banks are selling into Ben's bid then the game is literally weeks or even days away from being over.

I have written for over a year about the potential for a bond-market implosion and subsequent economic collapse.

Bernanke, if he continues to play his "QE" games into this, assuming it is real, must be immediately forced from office by President Obama and/or Congress.

In short we must choose the (much) higher interest rate path and choose it now, because that is now an assured outcome.

We can choose between significantly higher interest rates and an economic collapse along with significantly higher interest rates.

Avoiding the higher interest rate outcome no longer appears to be possible exactly as I have been talking about for more than a year.

And exactly as in the 1930s, we will wind up in the same place with "The Fed" being blamed for the "loss of liquidity" when in fact the truth is that it was the government attempting to spend more than it made, and finding the market unwilling to support insane deficit spending, that led to the bond market dislocation, much higher interest rates, and the second phase of the economic collapse.

We are following the precise same path we went down in the 1930s.

Hope you're ready, and say thanks to Ben, Hank, Geithner and of course Obama, all of whom think they can ignore the realities of the market.

For Falco:

USD remains weak, undermined by ongoing worries surrounding the burgeoning US government debt burden. The greenback has also been weighed down by improved risk sentiment, with stocks, oil, copper etc all up.

But really, the charts say so.

So we're doomed, doomed . . .

Hiltops, if you're around, have a look on your log. I'm trying to break your code :-)

Hey, I'm perfectly capable of breaking it myself!

Are you in Jakarta Raya?

:o)

At the bottom right hand corner of the MT4 platform is a connection status icon formed of vertical bars divided diagonally from bottom left to top right. I'm guessing that light green top and dark green bottom means a good connection, both halves red mean no connection but what does top green and bottom red mean?

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5402260/Bond-markets-defy-Fed-as-Treasury-yields-spike.html

Plateman,

If it's light green / dark green, it means you need to go to SpecSavers FlossieShop, because you're probably colour blind.

:o)

Explanation of connection status here

Thanks for that Hilary, I have been warned before that if I didn't change my ways I might go blind. :>)

Colour vision test

Click the Ishihara test image