FX-2007: Feb26th > Mar 02nd

[trendie]

An NFP week this week.

Cable opened the week at around 1.9544, and ended around 1.9635, just short of a 200-pip move.
High/Low range from 9430 / 9650.

Need suggestions for new polls for next week.

eco-news source:
http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

Feb 27 08:30 Durable Orders Jan -3.0% -2.0% 2.9%
Feb 27 10:00 Consumer Confidence Feb 109.5 109.0 110.3
Feb 27 10:00 Existing Home Sales Jan 6.30M 6.24M 6.22M

Feb 28 08:30 GDP-Prel. Q4 2.5% 2.3% 3.5%
Feb 28 08:30 Chain Deflator-Prel. Q4 1.5% 1.5% 1.5%
Feb 28 09:45 Chicago PMI Feb 50.0 50.0 48.8
Feb 28 10:00 New Home Sales Jan 1085K 1090K 1120K
Feb 28 10:30 Crude Inventories 02/23 NA NA 3694K

Mar 01 08:30 Personal Income Jan 0.3% 0.3% 0.5%
Mar 01 08:30 Personal Spending Jan 0.4% 0.4% 0.7%
Mar 01 08:30 Initial Claims 02/24 325K NA 332K
Mar 01 10:00 Construction Spending Jan -0.2% -0.4% -0.4%
Mar 01 10:00 ISM Index Feb 50.5 50.0 49.3
Mar 01 17:00 Auto Sales Feb 5.1M 5.1M 5.2M
Mar 01 17:00 Truck Sales Feb 7.2M 7.3M 7.5M

Mar 02 10:00 Mich Sentiment-Rev. Feb 93.3 94.0 93.3

 

[Priceman]

Hi Trendie,

Yeh we need some thoughts on polls for the thread. How about your chosen currency for the week ahead and where you think it could go, as it's not just a cable thread although that's all I trade at the mo.

Anyway inside weekly bar last week on cable, I'm hoping for some down action now for a while... watch it rocket!!

Good trading all

 

[City Bound]

Short BO triggered (literally to the pippette) on the spike down at 07:00. Let's see what happens with this then.

 

[29Investments]

Morning all. am looking for opportunities on the long side, anticipating more USD weakness in light of the Iran situation

also;

Anticipating further Oil rises and correspondingly a further pullback in the DOW

 

[City Bound]

Short BO triggered (literally to the pippette) on the spike down at 07:00. Let's see what happens with this then.

Stopped and reversed at 656. Just 1 good day, please.

 

[ashoksagar]

I think the markets have changed, forget about the breakouts lasting quite a few days. We are in ranging mode and the markets need to be approached accordingly.

 

[29Investments]

Cable is a scary place to be this morning

 

[City Bound]

I think the markets have changed, forget about the breakouts lasting quite a few days. We are in ranging mode and the markets need to be approached accordingly.

I think you're right.

 

[City Bound]

Stopped again. Chances are it'll turn into a really good day now.

The only law that acts consistantly in FX is the law of Sod.

 

[Offshore Trader]

You have to accept that using a breakout method, there will be many periods of frustrating rangebound trading. If your system is correct these will be outweighed in profit terms by the large moves on breakout. Personally my successful trade ratio is only around 35% but it is profitable because the wins far outweight the losses.

 

[dc2000]

mrng chaps currently short down to 594

 

[ChowClown]

..currently short 625, seems to be hammering out a bottom on the 30min...will be stopped out at 642, if this is the case.

 

[29Investments]

Blimey this is slow going - Hopefully the US open can get things moving !

 

[dc2000]

Blimey this is slow going - Hopefully the US open can get things moving !

hope not that would spoil the end of the week

slow an easy drift is what is required now the Dow n FTSE on the other hand need to become as popular as a rattle snake in a lucky dip

 

[Atilla]

Blimey this is slow going - Hopefully the US open can get things moving !

US $ support news

Long on GBPUSD - 1.9626
Target - 1.9660 +
Stop Loss - 1.9598

With oil rising it's a little premature to talk of cut in inflation and interest rates.

Tomorrow is going to be the BIG day if you are looking for acttion dude...

 

[dc2000]

hmm my long entry will hit Atilla's stop and have the same upside target

agreed on tomorrow though

 

[zuke]

Morning all, very slow day on Cable, I am currently short at 9616, looking for a run down to 566

 

[Atilla]

Morning all, very slow day on Cable, I am currently short at 9616, looking for a run down to 566

Just come by some news Iran is talking to South Africa about dismantling Nuclear Reactors. Apperently South Africa is the first and to date only country to build nuclear weapons and then entirely dismantle its nuclear weapons program.

We live in hope. Hope of peace and reduction in price of oil is likely to reduce inflationary pressures and so people will start hyping up a fall in interest rates to stimulate stalling housing figures.

Either this news is stalling tactics and is engineered or has substance behind it. I think a brake through 1.960 may be possible tomorrow based on the stats.

 

[hornblower]

Maybe things are slow because of this
http://www.page88.co.za/cr/armstrong.shtml

 

[dc2000]

dow giving a good return just about to take some @55

still waiting for cable maybe into close