What's driving the markets just now? — Article by Paul Rodriguez (unabridged). With low volatility in both stock and currency markets, the main thing driving FX markets is the difference in interest rates between countries, or 'yield spreads'. ...

Cable Update (GBPUSD)

I must admit I am tempted to go long if 9835 not broken.

Cable Update (GBPUSD)

In the spirit of democracy I see your point as well. However, constructive forum etiquette advice in the direction of Marketwavez would seem more appropriate to me. I have been moderated in the past and have learned my lesson. Each day I appreciate ...

Cable Update (GBPUSD)

Poor or as expected NHS should push towards 9900

Cable Update (GBPUSD)

Well said...

Cable Update (GBPUSD)

Possibly not cooked - BUT - 0.6% from 5.0% for durable goods last month and of that 0.6% the derivative CDG was unchanged at 1.5%?

Cable Update (GBPUSD)

CDG looks cooked. Market ignoring the figure - at the moment, it seems...

Cable Update (GBPUSD)

Upward trend channel intact after strong breakout attempt over last 2 hours. If US news V bad then possibly 9900 today.

Cable Update (GBPUSD)

Very bad quarterly investment figure. Yet, market buys Cable! I suspect US figures later today are not so hot...

Cable Update (GBPUSD)

1 Hour down trend channel still intact. Two serious breakout attempts today but both thwarted at the 9780 level. Beer this evening and bear early next week I think. Have a good weekend one and all.

Cable Update (GBPUSD)

9 period EMA breached. If 20 period\9730 resistance broken then we will probably see some upwards action prior to US sentiment news. That really was a bad set of retail figures however, and adds fuel to next rate hike being delayed until August...

Cable Update (GBPUSD)

EMAs spread on 5 min chart still very strong for shorting trend continuation.

Cable Update (GBPUSD)

Good old Debenhams dept store.

Cable Update (GBPUSD)

Forgot the chart.

Cable Update (GBPUSD)

This down channel (moveable feast) is at highest resistance now. A sustained breakout should mean the bulls are back and my smart money theory yet another failed assessment.... JM2C

Cable Update (GBPUSD)

After London open, mini GBP rally held by down trend channel resistance line again. May have to wait until 9.30am GMT news for direction confirmation.

Cable Update (GBPUSD)

Is Oanda predominantly retail? If so, given the 90+% trader failure rate, some people might say smart money's with the shorts....

Cable Update (GBPUSD)

Thanks.

Cable Update (GBPUSD)

Obviously. I suppose my point was, given that news release was fairly minor in the scheme of things, were the makers and shakers waiting to see if earth shattering figures emerged, which may have changed their original buy strategy? It just seemed a ...

Cable Update (GBPUSD)

News was $ positive - therefore, cable goes up Go figure...

Cable Update (GBPUSD)