Kauri
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Re: GBPUSD
British Pound is plunging against all the worlds currencies as confidence suddenly descends.
Rate in London is now £1.80 to the US$ - down about 12% in the last 4 months - and £2.108 to the Aussie. Au$ slips slightly at A$1.17 to the Greenback - down about 11% in recent months.
British Pound is plunging against all the worlds currencies as confidence suddenly descends.
Rate in London is now £1.80 to the US$ - down about 12% in the last 4 months - and £2.108 to the Aussie. Au$ slips slightly at A$1.17 to the Greenback - down about 11% in recent months.
Kauri
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Re: GBPUSD
In an interview that appeared in the Saturday UK Guardian, UK Chancellor Darling is quoted as saying that the UK is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long- lasting" than people had expected. The Guardian article stated that Darling admitted that he had no idea how serious the credit crunch would become.
Later in the weekend Darling took the airways to "clarify" his comments saying that he was referring to global economic conditions rather than those in Britain.
He has since appeared on TV saying he meant the world.. not UK specifically, and theFT has run a piece saying he got it wrong.. but it hasn't raised a bounce... yet?? US LaboUr Day hols too I thunk..and the Cannucks are off as well?? so thin whippy trading tonight??
Cheers
..........Kauri
Cheers
...........Kauri
In an interview that appeared in the Saturday UK Guardian, UK Chancellor Darling is quoted as saying that the UK is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long- lasting" than people had expected. The Guardian article stated that Darling admitted that he had no idea how serious the credit crunch would become.
Later in the weekend Darling took the airways to "clarify" his comments saying that he was referring to global economic conditions rather than those in Britain.
He has since appeared on TV saying he meant the world.. not UK specifically, and theFT has run a piece saying he got it wrong.. but it hasn't raised a bounce... yet?? US LaboUr Day hols too I thunk..and the Cannucks are off as well?? so thin whippy trading tonight??
Cheers
..........Kauri
Cheers
...........Kauri
Kauri
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Re: GBPUSD
Cheers
..........Kauri
and moving along nicely thanks to oppies and a raft of stops getting targetted..
Cheers
..........Kauri
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Kauri
E/W Learner
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Re: GBPUSD
The OECD predicts that the UK economy will shrink by 0.3% this quarter, and by 0.4% in Q4 (BBC website). This would constitute a UK recession.
In the middle of last month, a major US bank wrote that "it would not be a surprise" to see GBP/USD fall to 1.5500, its average level between 1993 and
2002, in the next 12-18 months (1.3682 was the June 2001 low).
Cheers
.........Kauri
The OECD predicts that the UK economy will shrink by 0.3% this quarter, and by 0.4% in Q4 (BBC website). This would constitute a UK recession.
In the middle of last month, a major US bank wrote that "it would not be a surprise" to see GBP/USD fall to 1.5500, its average level between 1993 and
2002, in the next 12-18 months (1.3682 was the June 2001 low).
Cheers
.........Kauri
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BentRod
ZZZZzzzzZZZZzzzzzzzz
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Re: GBPUSD
Maybe we are going to fill the one at 1.64ish first?
:
Maybe we are going to fill the one at 1.64ish first?
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Re: GBPUSD
Lol, yeah i vaguely remember of a gap not getting filled long time ago, i may have got stopped out trying for a fill, i'll check that...Maybe we are going to fill the one at 1.64ish first?
Kauri
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Re: GBPUSD
go spend up Wayne and help put the sparks back into Debs...
UK retailer Debenhams says it has not breached banking covenants (reported by Reuters).
Rumoured "problems" at Britain"s second-largest department-store company were flagged as a factor in cable"s fall from 1.7665.
Cheers
............Kauri
go spend up Wayne and help put the sparks back into Debs...
UK retailer Debenhams says it has not breached banking covenants (reported by Reuters).
Rumoured "problems" at Britain"s second-largest department-store company were flagged as a factor in cable"s fall from 1.7665.
Cheers
............Kauri
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Re: GBPUSD
GBPUSD is too wild for me to trade.
GBPUSD is too wild for me to trade.
BentRod
ZZZZzzzzZZZZzzzzzzzz
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BentRod
ZZZZzzzzZZZZzzzzzzzz
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CanOz
Home runs feel good, but base hits pay bills!
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Re: GBPUSD
Bent, did you read Jimmy Rogers comments on it yesterday? Ditch it he said!
Bent, did you read Jimmy Rogers comments on it yesterday? Ditch it he said!
BentRod
ZZZZzzzzZZZZzzzzzzzz
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Re: GBPUSD
No buddy, missed it.
Got a link??
No buddy, missed it.
Got a link??
Stormin_Norman
Currency Trader
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Re: GBPUSD
with the mess the british banks are in, im not surprised its headed south; especially combined with some general USD strength.
with the mess the british banks are in, im not surprised its headed south; especially combined with some general USD strength.
CanOz
Home runs feel good, but base hits pay bills!
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Re: GBPUSD
www.bloomberg.com
It was a story from yesterday.
If i find the specific link i'll post it,
Cheers,
CanOz
www.bloomberg.com
It was a story from yesterday.
If i find the specific link i'll post it,
Cheers,
CanOz
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Re: GBPUSD
GBPUSD
Yesterday Plunge to its 23-year bottom at 1.3620, following smash below 1.4350, 31 Dec 2008 bottom, support. Rebound, shy of 1.4048, and warn of further weak point towards 1.3519.
Resistance: 1.3992, 1.4030, 1.4048, and 1.4068
Support : 1.3840, 1.3775, 1.3715, and 1.3690
GBPUSD
Yesterday Plunge to its 23-year bottom at 1.3620, following smash below 1.4350, 31 Dec 2008 bottom, support. Rebound, shy of 1.4048, and warn of further weak point towards 1.3519.
Resistance: 1.3992, 1.4030, 1.4048, and 1.4068
Support : 1.3840, 1.3775, 1.3715, and 1.3690
Wysiwyg
Everyone wants money
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Re: GBPUSD
Well I have another bearish pennant example that is approaching its moment of validation.The support and resistance lines are converging to an apex and the mast is significant in stature.
Note that on odd occasions these continuation patterns can and do reverse.
Well I have another bearish pennant example that is approaching its moment of validation.The support and resistance lines are converging to an apex and the mast is significant in stature.
Note that on odd occasions these continuation patterns can and do reverse.
