Thread: Discuss GBP/USD - H2 2012

Originally Posted by divided@zero

higher buys all out at entry - got one running from 1.60900 area

is that long from 1.60900?

Bulls vs. Bears: The Spread Betting Morning Update October 4 - 2012

Main presentation
http://forexforums.dailyfx.com/my-tr...ml#post1363020 (London session: Daily EUR/USD analysis)

Q&A session
http://www.livestream.com/dailyfx/video?clipId=pla_70b3c9b4-e393-4cff-808d-8ab3063508e

GBPAUD


GBPUSD

Pound looks set to revisit yesterday's low . If it does , will make for a nice long entry.

Originally Posted by durgesh147

Pound looks set to revisit yesterday's low . If it does , will make for a nice long entry.

Yup it looks like we are heading lower now - scalps with a stop above the 1.6130 levels looks reasonable. I am however not sure about going long at the daily low I would rather see a breakout above 1.6130. - If you are really keen on going long you got the AUD/USD and EUR/USD which are flat and could easy trade higher.

but that's just my 2 cents

Originally Posted by Dimake

Spain sell 4 b euro of bonds today and I think this it will be a reliably sign if they need an externel financial help

Spain got pretty much what they were looking for

Two-year Spanish notes led declines as the country sold 3.99 billion euros ($5.17 billion) of securities, compared with its maximum target of 4 billion euros.

“The market wants to see a request for aid and this is pressuring Spanish bonds,” said Alessandro Giansanti, a senior strategist at ING Groep NV in Amsterdam. “The auction went quite well in terms of the demand because the bonds were sold in the area where the ECB may buy, if Spain asks for help.”
Spanish two-year yield climbed six basis points, or 0.06 percentage point, to 3.28 percent at 11:14 a.m. London time. The 4.75 percent security due in July 2014 fell 0.11, or 1.10 euros per 1,000-euro face amount, to 102.52. The 10-year yield rose three basis points to 5.84 percent.
Spain sold three-year notes at an average yield of 3.956 percent, up from 3.845 percent at the previous sale on Sept. 20. The country sold securities due in October 2014 at a yield of 3.282 percent and July 2017 debt at 4.766 percent. Investors bid for 1.98 times the number of three-year notes, up from 1.56 times last month.
Spain Notes

Spain’s two-year yields have risen more than 50 basis points from the five-month low reached on Sept. 7, the day following the ECB’s previous decision. Spain will consider all the consequences of taking a bailout and of not doing so before making a decision on whether to trigger the rescue, Spanish Economy Minister Luis de Guindos said yesterday.
Five-year Spanish yields, currently at 4.55 percent, will keep rising as long as the country puts off its aid request, ING’s Giansanti said, predicting it will reach 5.50 percent within a month.


http://www.bloomberg.com/news/2012-1...pain-sale.html

BOE Maintains Bond-Buying Plan as Split Over QE Looms: Economy

Governor Mervyn King’s nine-member Monetary Policy Committee left the bond-purchase target at 375 billion pounds ($604 billion), as forecast by all 40 economists in a Bloomberg News survey. By next month’s meeting, they’ll have finished spending the 50 billion-pound round they started in July, forcing a decision on whether more stimulus is needed.

Market reaction
The pound remained higher against the dollar after the decisions. It was at $1.6112 as of 12:14 p.m., up 0.2 percent. Gilts were little changed, with the 10-year yield at 1.69 percent. It fell to the lowest in more than three weeks yesterday as investors sought the relative safety of U.K. debt amid the euro-area turmoil.

http://www.bloomberg.com/news/2012-1...nears-end.html

Originally Posted by sratansi

is that long from 1.60900?

yes, retrace target 1.61570 - as long as the 15m uptrendline holds

Originally Posted by Alejandro Zambrano

Yup it looks like we are heading lower now - scalps with a stop above the 1.6130 levels looks reasonable. I am however not sure about going long at the daily low I would rather see a breakout above 1.6130. - If you are really keen on going long you got the AUD/USD and EUR/USD which are flat and could easy trade higher.

but that's just my 2 cents

i think its looking bearish again too... not sure to what levels though

Originally Posted by divided@zero

yes, retrace target 1.61570 - as long as the 15m uptrendline holds

a dip to 1.60808 area is likely, will buy more there provided priceaction suggests it

A quick on GU and a break higher to 6144-45 resis GU would be inclined to head higher..
Current tight pattern favoring the up move..
though news dependent and we have many from here to next 24 hrs or so..

GL..

Originally Posted by divided@zero

yes, retrace target 1.61570 - as long as the 15m uptrendline holds

http://postimage.org/image/5aq07iq8v/


closed most of my position on spike up towards target


stop to entry

$USDOLLAR Could Get Down to 9877 Before Rebounding Higher

Possible we are seeing daily high now at the 1.2990 range (give or take a little)

It looks like a bullish reversal - say that we reach 1.6170 today - then we can probably buy on a dip as long as we do not trade under 1.6065 low.

Originally Posted by stkelrey

Possible we are seeing daily high now at the 1.2990 range (give or take a little)

I won't bet on it..... not yet.............

GL...