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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

Seymour Clearly - 15 May 2007 07:52 - 7885 of 11056

"up or down."

:-)



MightyMicro - 15 May 2007 08:39 - 7886 of 11056

Consensusview.com says "Neutral" on Cable this morning. How may I help you with any further forecasts?

But seriously, Karen Jones at Commerzbank reckons it's under pressure to execute a deeper retracement lower . . . under pressure to head back to the $1.9660/50 zone . . .

hilary - 15 May 2007 08:58 - 7887 of 11056

Well I'm buying the dips this morning, but I'm not expecting too much from it and those stops will be tight going into the inflation data at 9:30.

foale - 15 May 2007 09:43 - 7888 of 11056

1.9750 the level to hold if any chance of it heading back to $2 anytime soon
otherwise we could go down as far as 1.9500 medium term

mg - 15 May 2007 09:48 - 7889 of 11056

Got a buy order in for 19740 to catch the falling knife. Had a reasonable few points on yesterday's drop.

goforit - 15 May 2007 09:53 - 7890 of 11056

looking to buy at this level if i get my signal, strong fib level here on the daily chart

Harlosh - 15 May 2007 10:03 - 7891 of 11056

I'm looking at 9690 area if it breaks 9760 and 9750

Which I think it will.

hilary - 15 May 2007 10:08 - 7892 of 11056

I agree, Harlosh. I see no reason whatsoever to buy it right now.

goforit - 15 May 2007 10:44 - 7893 of 11056

short on usd/cad which has dropped nicely from last night. just had a look at the gbp/cad!

MightyMicro - 15 May 2007 10:52 - 7894 of 11056

GBP/CAD -- I assume that's the Thompson/Reuters effect . . .

goforit - 15 May 2007 11:29 - 7895 of 11056

mm just saw usd going in opposite directions to what i was watching.closed some of my usd/cad.couple positions on cable-tight stoplosses go and have ashower and see what happens!

goforit - 15 May 2007 11:57 - 7896 of 11056

That feels better! divergence forming on the 4 hrly chart!

Harlosh - 15 May 2007 12:21 - 7897 of 11056

Not convinced by the break below 50 so taken profit ahead of US figures and will look long around 9800

foale - 15 May 2007 14:26 - 7898 of 11056

Last hours price action probably a good short entry in retrospect...

goforit - 15 May 2007 14:54 - 7899 of 11056

Unfortunately, got to go to a barbeque. we've got a big 50th party this wkend and the band, equipment and a few old friends arrived late last night.

Stops in place, catch you tomorrow

Seymour Clearly - 15 May 2007 16:12 - 7900 of 11056

Just closed a long +53. That'll do for now, see what tomorrow brings :-)

foale - 15 May 2007 16:35 - 7901 of 11056

stopped out of short while out...just as well

Harlosh - 15 May 2007 17:12 - 7902 of 11056

122 pips for me today but think Cable has further to go so holding for the time being.

cynic - 15 May 2007 20:35 - 7903 of 11056

we think $ will weaken again, so sold for June at 1.9791 as anticipate 2.0000 will be seen again before then

hilary - 16 May 2007 08:30 - 7904 of 11056

Surely the greenback is only just starting the turn up on the dailies, cynic. The retracement these last couple of days has only seen it come back to its moving averages and all the indicators are pointing towards it strengthening during the summer quarter.

Cable looks a long again first thing this morning, but all eyes on the inflation report.

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