CatFx50 - page 720
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Hi, mates!
A short commentary about GBPJPY:
We have PIVOT for today at 233,30.
First signal that it could want to go to pivot: if it breaks 233,82/70.
Holding below pivot, it could try to go to 231,90 - 231,68.
Last supports: 230,89and 230,68.
In order to go up, it needs to break 234,17 and then 234,90. If it does and holds then above 233,70, it will be set to go to 235,65 and then to 237,10.
GBPJPY is trading now at 233,99.Hi!
Ok, mates.
Congratulations to the ones that followed my levels.
Buy at 234,18. It has gone up to 235,08. A shot of +90 pips.
As long as it holds above 233,70; you'll see it at 235,65.
I was late and bought it at 234,45. Closed with trailing stop at 234,91
+ 46 pips.
Hi,
GBPUSD:
As long as we keep closing TF30 above 1,9462-60; we are set to go to 1,9537-48.
Cable has its pivot at 1,9430-32.
In order to go to down town, it should break down 1,9430.
Between 1,9430 - 1,9548, killing zone.
Hi!
CatFX2 is a brand new system that I will not unveil.
GBPJPY live calls or levels will be posted here.Hi Nina..
can I get the CatFX2 ?
Thanks
Salfa
Hi,
GBPUSD:
As long as we keep closing TF30 above 1,9462-60; we are set to go to 1,9537-48.
Cable has its pivot at 1,9430-32.
In order to go to down town, it should break down 1,9430.
Between 1,9430 - 1,9548, killing zone.Hi,
Cable has not closed TF30 below 1,9460. It has made a low at 1,9451 though, but it closed at 1,9465.
That 1,9460 is key today. We need to close and hold below it if we want to go to pivot at least.
Next signal to go long on cable should be at 1,9490 ask with stop at 1,9450 for a shot to 1,9505 and 1,9538-48.
Hi Nina..
can I get the CatFX2 ?
Thanks
SalfaOriginally Posted by showmethetrade
Nina, What is CATFX2 indicated above. I did not see it in post #1.
Hi!
CatFX2 is a brand new system that I will not unveil.
GBPJPY live calls or levels will be posted here.
Hi!
It closed below 1,9460 and opened at 1,9454. Stop at 1,9476. I do not like it.
I'm not in. Maybe I'm damn wrong, but we could go only to 1,9432 and we have a stop of 22 pips. I do not want to take that risk. We have a mess here. We are trading in a killing zone.
I wait to see, if it is the case, what it does at 1,9430.
Take care.
..........
Hi!
I'm in. I do not like this market though. Stop at 1,9480. It should be lower, but, as said, I do not like it.
If I get kick out, I'll wait for news time.
It will be a loss of 10 pips.
We've said it repeatedly in recent months - markets across the globe are overly complacent about the risks facing the economy. And the Bank of England's Monetary Policy Committee (MPC), lead by Mervyn King, clearly agrees.
The City, estate agents, industry, unions - almost all were united in their condemnation of the rate hike. But the reality is that it was about time that the Bank shook things up a little.
Inflation by any measure - even the consumer price index (CPI) figure that has taken so much flack recently - is at multi-year highs. At 2.7%, CPI is just below the 3% target that would mean the Bank having to write an open letter to the Chancellor explaining why.
Next week, inflation figures for December are revealed to the public, but the Bank would have seen them during its meeting - and judging by its reponse, they can't be pretty. The British Retail Consortium has already reported that shop price inflation was up 2.3% year-on-year last month, despite all the pre-Christmas press reports of widespread discounting.
Given that shop price deflation has been one of the few things keeping CPI in check, it may well be that CPI for December has already breached the 3% target. As The Times points out: "Any letter will be easier to write if the MPC has already responded to such an inflationary overshoot."
The Bank is also clearly worried that people are losing faith in how well inflation is being controlled. Consumers' expectations for future inflation are rising, and the recent criticism in even the mainstream press of inflation measures shows just how little people feel that the official figures reflect their personal circumstances.
When inflationary expectations become entrenched among employees, that's when they demand higher wages. And with January the key pay round month, the Bank probably felt that sticking to the City's expected timetable of a February hike would be too little, too late.
And then of course, there's house prices. Lenders are still merrily engaged in a race to the bottom, to relax lending standards on both buy-to-let mortgages and sub-prime loans. This is storing up serious trouble, just as overly generous credit card lending leading up to 2003/04 has caused the current bad debt problems being suffered by most British banking groups.
The Bank's latest rate hike may not stop the housing hysteria in its tracks - but it may well make some people think twice before committing to that lovely two-bed flat with the negative rental yield that they saw as a "long-term investment".
But the big question is - will the Bank stop now? As regular readers may have guessed, we have our doubts. This surprise hike will certainly take some pressure off the Bank - by confounding City expectations, it's showing that it has a hard line on inflation, and it may wipe some of the exuberance out of the market.
But there's plenty of signs of complacency still there. The FTSE 100 all but shrugged the hike off - it suffered a 30-point fall just after the announcement, but then ended the day around 70 points higher. It wasn't so long ago that even a hint of an interest rate hike was sending traders scurrying for the hills.
So clearly, like everything else, the markets are putting a positive spin on what would normally have been a nasty surprise. The twisted bull logic probably goes something like this - "if the Bank hikes now, that means it won't have to hike later. So in fact, interest rates are going to peak even earlier! That's great news!"
As long as the markets are thinking this way, the Bank's job isn't done. The fact is that interest rates have been too low for too long, and bringing the economy back into balance will unfortunately require a lot more discomfort than the slap delivered by Mervyn King and chums yesterday. But it's a start.
On another note, the rate hike will certainly have an impact on everyone's personal finances. So it's not a bad time to start taking some advice on how to make sure your financial household is in orderWe've said it repeatedly in recent months - markets across the globe are overly complacent about the risks facing the economy. And the Bank of England's Monetary Policy Committee (MPC), lead by Mervyn King, clearly agrees.
The City, estate agents, industry, unions - almost all were united in their condemnation of the rate hike. But the reality is that it was about time that the Bank shook things up a little.
Inflation by any measure - even the consumer price index (CPI) figure that has taken so much flack recently - is at multi-year highs. At 2.7%, CPI is just below the 3% target that would mean the Bank having to write an open letter to the Chancellor explaining why.
Next week, inflation figures for December are revealed to the public, but the Bank would have seen them during its meeting - and judging by its reponse, they can't be pretty. The British Retail Consortium has already reported that shop price inflation was up 2.3% year-on-year last month, despite all the pre-Christmas press reports of widespread discounting.
Given that shop price deflation has been one of the few things keeping CPI in check, it may well be that CPI for December has already breached the 3% target. As The Times points out: "Any letter will be easier to write if the MPC has already responded to such an inflationary overshoot."
The Bank is also clearly worried that people are losing faith in how well inflation is being controlled. Consumers' expectations for future inflation are rising, and the recent criticism in even the mainstream press of inflation measures shows just how little people feel that the official figures reflect their personal circumstances.
When inflationary expectations become entrenched among employees, that's when they demand higher wages. And with January the key pay round month, the Bank probably felt that sticking to the City's expected timetable of a February hike would be too little, too late.
And then of course, there's house prices. Lenders are still merrily engaged in a race to the bottom, to relax lending standards on both buy-to-let mortgages and sub-prime loans. This is storing up serious trouble, just as overly generous credit card lending leading up to 2003/04 has caused the current bad debt problems being suffered by most British banking groups.
The Bank's latest rate hike may not stop the housing hysteria in its tracks - but it may well make some people think twice before committing to that lovely two-bed flat with the negative rental yield that they saw as a "long-term investment".
But the big question is - will the Bank stop now? As regular readers may have guessed, we have our doubts. This surprise hike will certainly take some pressure off the Bank - by confounding City expectations, it's showing that it has a hard line on inflation, and it may wipe some of the exuberance out of the market.
But there's plenty of signs of complacency still there. The FTSE 100 all but shrugged the hike off - it suffered a 30-point fall just after the announcement, but then ended the day around 70 points higher. It wasn't so long ago that even a hint of an interest rate hike was sending traders scurrying for the hills.
So clearly, like everything else, the markets are putting a positive spin on what would normally have been a nasty surprise. The twisted bull logic probably goes something like this -"if the Bank hikes now, that means it won't have to hike later. So in fact, interest rates are going to peak even earlier! That's great news!"That was and that is my view till today
As long as the markets are thinking this way, the Bank's job isn't done. The fact is that interest rates have been too low for too long, and bringing the economy back into balance will unfortunately require a lot more discomfort than the slap delivered by Mervyn King and chums yesterday. But it's a start.
On another note, the rate hike will certainly have an impact on everyone's personal finances. So it's not a bad time to start taking some advice on how to make sure your financial household is in order.
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Have Fun !!
/Smooth
lets se were europe gonna close sterling
sailor