- 金币:
-
- 奖励:
-
- 热心:
-
- 注册时间:
- 2006-7-3
|
|

楼主 |
发表于 2008-5-13 08:21
|
显示全部楼层
Cable just touched the .50 fib from the 2.0132 high to this mornings 9954 low after the bad data,
However I think USD is going to have a hard time breaking below last weeks 1.2001 low on swissy, plus just below that we have a TL from the Dec 2004 low as further support around 1.1988.
I'm looking to short cable on another failed 2.0040 test with stops above 2.0070 alternatively wait for the .618 @ 2.0063
Edit : Gone long at 2.0002 targeting 2.0060-2.0130 tight stop at 1.9984
Cable getting held down by EURGBP this afternoon. that pair now just testing the .786 also o/b on the hourlies, looking for that to pullback a bit to work the o/b off which should help cable higher assuming the USD doesn't do an about turn, Gold has pulled back quite a bit from the highs earlier but that just looks like an aversion to the $700 rather than a USD related move.
Equities still headed higher today despite the bad housing numbers, DJIA is really gunning for that 13,000 level but in my view there will be a lot of people taking some profit if/when we get there so it could pullback, any further deterioration in the US data tomorrow could be the start of a larger corretion in the indices, that in turn will cause further carry unwinds, just something to consider, bearing in mind the level of spec GBPJPY longs still out there which will have an effect on cable.
Attached Images  |
|
|