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Spoke to soon

ITA New Car Registrations (Y/Y) NOV -8.2%
ITA PMI - Services NOV 08:45 03:45 54.0 54.4
FRA PMI - Services NOV 08:50 03:50 54.5 54.8
GER PMI - Services NOV 08:55 03:55 52.0 52.2
EUR PMI - Services NOV 09:00 04:00 53.2 53.5
GBP CIPS Services PMI NOV 09:30 04:30 56.3 56.3
GBP PMI - Services NOV 09:30 04:30 55.9
GBP Official Reserves ($ Change) NOV 09:30 04:30 $445.0M
EUR Retail Sales (M/M) OCT 10:00 05:00 0.2% 0.1%
EUR Retail Sales (Y/Y) OCT 10:00 05:00 -0.5% 0.0%
CAD Net Change in Employment NOV 12:00 07:00 30.0K 34.3K
CAD Unemployment Rate NOV 12:00 07:00 7.1% 7.1%
USD Nonfarm Payrolls NOV 13:30 08:30 200K 337K
USD Manufacturing Payrolls NOV 13:30 08:30 5K (5)K
USD Hourly Earnings M/M NOV 13:30 08:30 0.3% 0.3%
USD Average Workweek NOV 13:30 08:30 33.8 33.8
USD Unemployment Rate NOV 13:30 08:30 5.4% 5.5%
USD US Fed's Santomero Speaks On Outsourcing, Exchange Rates 14:30 09:30
USD ISM (non-Mfg) NOV 15:00 10:00 55.5 59.8
USD US Fed's Minehan Speaks on the US Labor Market 15:15 10:15

It's all about patience, T.

Went Short at 25.... Its holding my old line of resistance as support now..

Its gunna be one of those days..

T,

The Swissie seems to be putting on against the Dollar. Caution with your cable short, imo.

Cable starting to look like short again, what do u think Hilary?

1 at B/E and Halfed postion at 0

Stoped out at -30 on other.. Oh well win some lose some..

cable short @ 36 with stop @55

Bob,

I personally don't think that Cable is now a short and the move above 19228 should have triggered the short stops. If anything, it will possibly be a long once it's retraced to provide a better entry. Bear in mind though that it's been a week with lots of price action, including a hefty retracement yesterday, and there are jobs figures at lunchtime. I suspect that you'll see a fair bit of position squaring which could dent moves both ways this morning.

edit: That's not to say that your short won't work ...... it's just not my style.

closed at 21 +15. I have to give my wife a lift to station.

Thanks Hilary, we posted at same time. will look back in an an hour or so. Bi

mng guys just a view weve been banging about on ftse 100 board..
shorted cable yesterday and got a nice move out of it......
agree that cable looks soft agin this morning and seeing that all hints are that nfp will be good ...looking to place shorts agin and feel if figs are good we could see an immedaite big fig spike down and maybe sub 90 ..
any views

If non farm is good it will drop 150pips almost imediatley with another 150pips over the 4-5 hours after the result.. Just my expirance of scaliping non-farms over the past year.. Imo I would wait till closer to Non farm as the price usually whips in the wrong direction before the move which would stop you out. Just my thoughts..

Im done for the day will scalp non farm later as usual but im +90.5 for the week. Thanks for all your advice and help this week Hil feel like im getting somewhere. My feeling for this weeks trading is 10/10 which is a good feeling.. If I can scalp 200 of non farm I will be over the moon..

Later all..

mostrader,

Every bit of good news out of the US has been hammered by the Dollar bears just lately. They instead draw attention to the twin deficits and the fact that the cable carry trade is still attractive. Oil has been the primary driver behind the retracement over the last couple of days, but the Dollar downtrend is still very much intact.

T,

I'm really pleased that you've had a good week.

tellon hi;ary noted ur comments thks

Cheers Hil... Thanks for your help, hopefully things will keep going well and I can then take you and your husband out for a meal, as a way of saying thankyou.

Just hope things keep going well.. Feeling good though!

I am watching closely for pre nfp cable moves. its like the calm before the storm at the mom

It may be worth watching treasuries pre and post payrolls, they mostly precede dollar changes although I have seen it go the other way.
Now which cross likely to move the most? Euro some horizontal resistance around 1.33