If the Fed starts to buy treasuries rather than continuing to drop central bank rates, what effect does that have on the USD ?

Cable Update (GBPUSD)

So if the Fed drops 0.75% where does everyone see Cable ? And if only 0.5% ? Just looking for ideas.

Cable Update (GBPUSD)

Went short off the 1hr 62 ema. Anyone want to mentor a moose who keeps losing all the money he makes ? The market giveth, and the market taketh away......

Cable Update (GBPUSD)

Service PMI figures due at 4.30 am est. If they are bad GBP should tank. Maybe this is why it appeared dislocated from the Dow action today.

Cable Update (GBPUSD)

Thanks Infinity. On the macro scale the news from across the pond is 2.5% drop on VAT - that's a soundbite IMHO - I can't see it having much effect at this stage of the game. 100Bn extra borrowing to be paid for by taxes on high earners over 150K ...

Cable Update (GBPUSD)

Infinity - I've been learning a lot from this board and your posts in particular, and my expensive mistakes..... What was the signal to go long ?

Cable Update (GBPUSD)

Was going to go long when I saw the first bounce on the 1hr 62 ema, but it was a head fake. Lucky I am too screwed on USD/CAD to take a position.........

Cable Update (GBPUSD)

Labour govt about to mess it all up again, just like the 70's. Of course, their gamble might actually pay off, but it depends what the market thinks tomorrow. Raising taxes on the high paid isn't always the best way to encourage inward ...

Cable Update (GBPUSD)

Sterling and Brown budget — The pre-budget report looks like a catalyst for more weakening of sterling to me. Basically he's borrowing 100Bn on the bet that the economy picks up a couple of years down the line and he can hike taxes to pay for ...

Cable Update (GBPUSD)

I'm new here. Howdy. Any feelings on continuation of trend of GBP. If we break 4550 could we see 1.36 to 1.38 in sights ? Novice trader - a year or so. Looking for any pointers.

Cable Update (GBPUSD)