Weekly charts trend down, daily charts printing doji and 4hrs tram-lines with the usual effect for the coming few days. From this perspective Mon/Tue might see lower 9300. Weekly pivot points might be very useful for the coming week along with the daily pivots calculated close to the London opening rather then one based on the US close or whatever.dc2000 said:
Just back in from pub and am now on night duty for the little'un (if any CSA employees on here; I didn't drink alcohol ok!)dc2000 said:
on daily cable has closed just under 50% Fib on the most reason down move and just wander if it has not been forming a kind fo continuation pattern in medium term to continue down. It is easy to get trapped by the mantra of weekness in the USD but from where the strenght shall come for the GBP, Certaily not from MR Brown, sorry just forgotten the exeptional skills of Mr big Lord L !!!??? to raise some more support on a long loan bases.Priceman said:
2be said:It is easy to get trapped by the mantra of weekness in the USD but from where the strenght shall come for the GBP, Certaily not from MR Brown, sorry just forgotten the exeptional skills of Mr big Lord L !!!??? to raise some more support on a long loan bases.
In the UK and the US the "Good feel" factor is strongly correlated to the Housing market, thats where the most of the disposable income goes to. Many, especially in the UK live reasonably "poor" lives in expensive houses, paradox. Many cannot afford even that, as the ratio of earning to the cost is even higher now then it was before the 87 crash. In the US there is already over 13% rise in reposessions. Surely there is a cyclical pattern and the GBP is positioned between the two camps, European utopia of nanny state, with the smoothed amplitude of the inevitable cycle and the Anglo-saxon way for the market to be free to a greater degree to dictate the interest rates, and therefore the currency value. In the past in the UK the Anglo-saxon sentiments have taken over, and we might see this happening again, to start with by allowing GBP to devalue against the EUR, with a lot of customary froth exploited by the media for lack of another subject.jacinto said:
