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Other providers are available, but.....

As always, thanks for your help MM

Thread's very quiet. Anyone else long cable? :-)

SC: everyone, I should think. MPC minutes might slow the upward push by confirming what we already know.

Long....thats so yesterday....short here lol

choccy posting again I see on the Chocolate Bar....thread

UK economy showing strong growth

The news could signal a further rate rise from the Bank of England
The UK economy grew at a faster than expected rate in the second quarter of 2007, increasing the chance of further interest rate rises to curb inflation.
The Office for National Statistics said gross domestic product (GDP) rose by 0.8% in the three months to June.

That was its sixth consecutive quarter of above-average growth, ahead of analysts' predictions of 0.7%.

Annual growth came in at 3.0%, ahead of the 2.9% forecast. The data led to sterling rising against the dollar.

Despite the above. I cant help feeling that the 2.0535 area reached this am might well represent an excellant shorting area...

There does not seem to much appetite for higher Cable at the moment...
I think we might see 2.0400 before 2.0600

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Agreed Foale, I'm still long but there seems to be little impetus to go higher. Seems to be struggling to make any more headway.

foale
I'm short from 20535 - looks as if it doesn't (yet) want to break up through the 550 area and on up to 600. However, just in case, I've got a stop in at 555.

Indicators suggest there could be a few points short - but we'll see !!

Usual indicators aren't much use at the moment mg the trend is so strong so careful with shorting on that basis I think.

Watch Fiber too - breaking out of 9 days consolidation.

Harlosh
Spot on - stopped out at 55

Folks, I apologise for the font size of this week's Calendar, I am working on a better solution.

$ unlikely to exceed 20700 ..... been telling you all that that is the top for for ages and ages and now nearly reached that target .... get ready to short Cable

Anything over 2.0600 on Cable a shorting opportunity...?

120 yen touched

LONDON (Thomson Financial) - The dollar rose on the news that the median price for an existing home in the US rose in June, the first year-on-year rise for nearly a year.

The existing home price in June increased 0.3 pct from June 2006 to 230,100 usd, the first annual rise for 11 months.

This supported the dollar despite the news that the number of existing home sales fell 3.8 pct in June to a 5.75 mln unit annual pace, much lower than the expected 5.85 mln units. That puts June existing home sales at the lowest pace since November 2002, when the annual pace was 5.73 mln units.

'The sales figures were weak but the market is more focused on house prices rather than turnover figures, so this is proving supportive to the dollar,' said Hans Redeker, head of forex strategy at BNP Paribas.

At 3.12 pm the euro was trading at 1.3717 usd having been at 1.3727 before the data was released, while the pound was at 2.0523 usd, having been at 2.0538 beforehand.

Hi guys - I'm not really with it yet :S

Ladies and Gentlemen: a glance at the Economic Data Release Calendar shows that have resolved my image scaling problems (if not my image problems ;-). Next week's calendar may be a trifle late in appearing over the weekend as I will be in transit betwixt Blighty and California on Friday and there ain't no Internet in the Sky (yet).