Best Thread Live Cable Trading
eatontrade
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jacinto said:
Yeah, keep an eye on EURGBP. It broke resistance at 6890 and popped up to 6906 which has been enough to keep cable down.
DJ BOE's King: Downside Risks To UK Consumer Spending
LONDON (Dow Jones)--Bank of England Governor Mervyn King said Tuesday there could be downside risks to consumer spending in the U.K.
Speaking before a committee of U.K. members of parliament, King said in his introductory remarks that there "may be downside risks to consumer spending in particular."
King also said that the future path of energy prices presented a "major risk to the U.K. economy." He said that energy price rises in the past year could already have eroded the supply capacity of the economy.
LONDON (Dow Jones)--Bank of England Governor Mervyn King said Tuesday there could be downside risks to consumer spending in the U.K.
Speaking before a committee of U.K. members of parliament, King said in his introductory remarks that there "may be downside risks to consumer spending in particular."
King also said that the future path of energy prices presented a "major risk to the U.K. economy." He said that energy price rises in the past year could already have eroded the supply capacity of the economy.
Short yesterday 1.7488. Would have been nice to be out at overnight low of 7440 but I was looking lower and set my exit at 7420. So this morning yesterdays paper profits have evaporated. Not enjoying Cable lately, seems more like a game going on, fortunately making money on USDCAD.
Don't really see Euro tanking though. Good news out of Germany and the world seems to think that as long as Germany is OK then the Euro must be. Loonie is a great bet lately. Sound economy, loads of oil, gold, lumber and other commods. Interest rate still reasonabley low so plent of manouvering room and a positive budget balance. Puts most of the other so called developed countries to shame. Because they do not beat their own drum to much they keep being allowed to drift weaker and every time they come back. Excellent trading.
jacinto said:
out at breakeven on that one. looking for something that is not choppy and is tradable. so long swissie, at a fib support with hammers looking for a reversal. cable is a puzzling nightmare.
sorry, long dollar, short swissie.
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jezza888 said:
Could be but I doubt it. So far the dollars decline seems to be limited to Euro and Sterling. Against Yen and Cad it is moving in a tight range. In fact I longed the USDYEN yesterday at a better number than we have hit so far today. Don't know what is making Europe and sterling in particular so bullish but I think it will end in tears.
