Tag Archives: GBPUSD

See! You cannot rely on just pure quant for forex trading: GBP/USD edges lower on U.S. home sales report

 

See! You cannot rely on just pure quant for forex trading: GBP/USD edges lower on U.S. home sales report

It all about various factors including news sentiment which has adverse market impact

This is a fine example where you cannot rely on just modelling or whatever analytics alone

http://www.investing.com/news/forex-news/forex—gbp-usd-edges-lower-on-u.s.-home-sales-report-296832

 

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Forex alert! Is GBPUSD built up for a bubble so short the trade? Big buyer from Asia affecting it?

Forex alert! Is GBPUSD built up for a bubble so short the trade? Big buyer from Asia affecting it?

Someone on my Facebook group posted this

Rumor has it that a heavy position in the GBPUSD is being built up. The buyer is from Asia, going IN on a long position.
If you are short, will this affect your trade?
Draw your own conclusions.
This is the type of information you can expect from industry insiders.

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Forex: GBP/USD plunges on London opening fxstreet.com

Forex: GBP/USD plunges on London opening fxstreet.com

Bank holiday in the UK yesterday kept the GBP/USD from seeing more currency flows after Sunday’s France and Greece elections. As the London session gets underway, the GBP/USD plunges by around 30 pips.

==
Not sure if I would consider a drop of 30 pips a ‘plunge’. More like a dip or slight sell-off…

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UK CPI came in as expected at 3.5%. Core CPI came in slightly better at 2.5%. GBPUSD is trading on session highs of 1.5944.. #fx #forex

UK CPI came in as expected at 3.5%. Core CPI came in slightly better at 2.5%. GBPUSD is trading on session highs of 1.5944.. #fx #forex

 

==

3.5% was “not” expected more like 3.4% but highlights the stubborness of UK inflation and the headache it gives to the Bank of England’s Monetary policy committee in considering further QE measures to stimulate growth as consumers see a further erosion of their hard earned income by continuing price rises. That 2% CPI target level by Q4 2012 looks highly improbale now with 2.8% a more realistic goal. Over to you Sir Mervyn.

 

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Forex view: S&P500 outperformance to continue, like short EUR/USD and GBP/USD

Forex view: S&P500 outperformance to continue, like short EUR/USD and GBP/USD

Perhaps one of the most interesting aspects of the current risk rally is how many investors are still pessimistic, looking not for the gains to extend but how to position..

BullishUS best still have steam against never ending Euro lethargy

hadesresearch.com

View:  S&P500 outperformance to continue, like short EUR/USD and GBP/USD Perhaps one of the most interesting aspects of the current risk rally is how many investors are still pessimistic, looking not for the gains to extend but how to position for the turn when it eventually comes.  Of course there are bulls o

 

Actually, it has been rallying exactly as expected!

 

I thought all Elliot Wavers were looking for Dow 400!

 

The vast majority of traditional Elliott Wavers are bearish. However, the impulsive structure is wrong and that’s why no one can really predict with traditional EW. My first call in U.S. equities following discovering the adjustment/reorganization of the impulsive structure was in July 2010 when I called for the DOW to move to 12,600+/- 200 points and then drop 20%. (it’s in my book and was on LinkedIn too).) If you look at the video on my blog explaining the changes I made to the structure and how wave relationships work the final call in that video (in early September last year) was for the lowest the S&P would go was 1,076… (ok, I was wrong by 1.23) From there it would be bullish to around the 2007 highs. Yes, all is moving according to plan..

 

Which raises the question, where is your target on the topside now? And do you share a preference for the US over pretty much everything else (bar Japan maybe, assuming JPY

 

 

As I mentioned above the target is somewhere around the 2007 highs. Could be just below or just above. I don’t follow European equities at this point. Asian are broadly aligned with the U.S. The U.S. Dollar has hit a 16.5 & 33 year cycle low. It’s going to be strong for 5 years… There’s an article on my blog about that: http://harmonicelliottwave.blogspot.jp/2012/03/us-equity-and-dollar-major-reversal.html.

 

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View: S&P500 outperformance to continue, like short EUR/USD and GBP/USD

View: S&P500 outperformance to continue, like short EUR/USD and GBP/USD

Perhaps one of the most interesting aspects of the current risk rally is how many investors are still pessimistic, looking not for the gains to extend but how to position..

Bllish US bests still have steam against never ending Euro lethargy

hadesresearch.com

View:  S&P500 outperformance to continue, like short EUR/USD and GBP/USD Perhaps one of the most interesting aspects of the current risk rally is how many investors are still pessimistic, looking not for the gains to extend but how to position for the turn when it eventually comes.  Of course there are bulls o

 

==

Actually, it has been rallying exactly as expected!

 

==

I thought all Elliot Wavers were looking for Dow 400!

 

==

The vast majority of traditional Elliott Wavers are bearish. However, the impulsive structure is wrong and that’s why no one can really predict with traditional EW. My first call in U.S. equities following discovering the adjustment/reorganization of the impulsive structure was in July 2010 when I called for the DOW to move to 12,600+/- 200 points and then drop 20%. (it’s in my book and was on LinkedIn too).) If you look at the video on my blog explaining the changes I made to the structure and how wave relationships work the final call in that video (in early September last year) was for the lowest the S&P would go was 1,076… (ok, I was wrong by 1.23) From there it would be bullish to around the 2007 highs. Yes, all is moving according to plan..

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

GBP/USD Update posted – check to see our analysis of how far it will fallhttp://ow.ly/9f84q #fx #forex $$

GBP/USD Update posted – check to see our analysis of how far it will fallhttp://ow.ly/9f84q #fx #forex $$

 

==

I’d still be a touch cautious with sterling as I believe the recent sell off has possibly been overdone. Current values of the single currency are not a true reflection of what is going on, and this scenario will continue. The Eurozone’s problems are far from over, sad to say.

 

-==Crackers cable will test lower 1.55 or even 1.54 before reversing there will be a few bounces of a dead cat nature in the short term…………nothing goes in a straight line i would be more concerned with the commodity currencies

 

==

I think this has more chance of seeing 1.6166 before it goes down…
(flat correction)

 

 

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Profitable quant model Forex currency pairs of EURUSD, GBPUSD, USDJPY will be added to QuantLabs.net Premium Membership services

Profitable quant model Forex currency pairs of EURUSD, GBPUSD, USDJPY will be added to QuantLabs.net Premium Membership services
Here they are:
EURUSD
GBPUSD
USDCAD
USDJPY
This strategy is something like you never seen before. It is uses no technical analysis indicators. Watch for it on our Membership Services here.

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