Comments on: BoE’s Bean says UK economy is over the worst https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/ The Professional Source Thu, 25 Oct 2012 20:56:35 +0000 hourly 1 By: Sean Lee https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2439 Thu, 25 Oct 2012 20:56:35 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2439 Morning Serga. Sorry no strong views on GBP at moment, watching EUR/GBP support at 8015/20 and also watching GBP/JPY. That will giove us clues what to do in cable imho. Good luck out there++

]]> By: SergaNet https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2434 Thu, 25 Oct 2012 17:35:36 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2434 Good morning, Sean! I think that the most acceptable point of sale of pound will be 1.6184, on the strategy from this point I will gather cable sales in medium-term prospect, I consider the purpose 1.5733 or about that but in case the price goes to my party, it is natural to look behind dynamics of movement of the price. How such idea Sean? Successful trade to you!

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2376 Thu, 25 Oct 2012 10:19:56 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2376 From my side, we have no longer pressure from EUR/GBP and if we close above the trendline (http://imageshack.us/a/img22/8924/cablez.jpg ) at 1.6130, i would prefer “dip buyer side” for a next leg to 1.6300.

]]> By: Sean Lee https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2374 Thu, 25 Oct 2012 10:02:57 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2374 Not too sure Hitesh but I think reasonable chance of success selling near here with stop at 16185 like you say. Bit risky of course but good risk reward imho. Think if 16185 goes then 16215 goes as well so take cheaper stop-loss and then look again

]]> By: Hitesh https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2373 Thu, 25 Oct 2012 09:59:10 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2373 Hello Sean,
Hope you will be able to board the bus soon.

Vicky Redwood and BNP paribas of the opinion the whole of the !1% GDP growth down to special factors and olympics.

Please post your trade idea, mine is to short from current levels and stop at 6215. can the stop be at 6185?

]]> By: Sean Lee https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2372 Thu, 25 Oct 2012 09:58:36 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2372 Agree Mika, I think its ridiculous. 2 RBA members came out publicly this week (something they seldom do) and spoke against the high value of the AUD. If they decide to use monetary policy more aggressively to fight the high A$ then it’ll be below 1.00 by end of next week (That’s my big call of the week ๐Ÿ™‚ )

]]> By: Mika Hakkinen https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2370 Thu, 25 Oct 2012 09:41:31 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2370 I find every move above 1.037xxx spurious in AUD/USD

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2367 Thu, 25 Oct 2012 09:29:54 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2367 Oh ok, pretty bad track record for the year.
Hopefully it’s not my portfolio, i would said “Au secours”…

]]> By: Sean Lee https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2365 Thu, 25 Oct 2012 09:20:42 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2365 Yeah, but how’d you like to be a desperate HF with a $350 million loss to try and make back before Dec 31st ๐Ÿ™‚

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2364 Thu, 25 Oct 2012 09:17:33 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2364 Thanks for the reply. At the time being, I would have liked to be a desperate hedge funds with a open position at Y79.00 ๐Ÿ˜‰

]]> By: Sean Lee https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2361 Thu, 25 Oct 2012 09:08:27 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2361 Still relatively small position so I’m still in wait and see mode. I think we are seeing some hedge funds making a desperate late play in Yen crosses, trying to save a poor year, but the mkt simply is lacking momentum and I think this effort will fail. Also I think that RBA is getting ready to act against AUD level (public comments by 2 board members in last few days), so overall still v comfortable selling rallies.

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2358 Thu, 25 Oct 2012 09:04:39 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2358 Sean,

How did manage your AUD/USD trade ? If we break 1.0411, I guess you wouldn’t reverse your insight and you would look for another sell rally ?

]]> By: Iridium https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2354 Thu, 25 Oct 2012 09:03:42 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2354 @Mika – I prefer bearish garlic! ๐Ÿ™‚

]]> By: Iridium https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2352 Thu, 25 Oct 2012 09:00:59 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2352 0% interest rate and 0% GDP growth, welcome to a world of Zeros ๐Ÿ˜‰

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2348 Thu, 25 Oct 2012 08:36:05 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2348 Very strong GDP figure !

]]> By: Mika Hakkinen https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2347 Thu, 25 Oct 2012 08:32:10 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2347 It seems to me Bearish Gartley on AUD/CAD

http://i45.tinypic.com/fyl44x.png

]]> By: Papillon https://fxww.com/boes-bean-says-uk-economy-is-over-the-worst/#comment-2345 Thu, 25 Oct 2012 08:10:32 +0000 http://fxww.dreamhosters.com/?p=1810#comment-2345 Cableโ€™s new : http://www.dailypost.co.uk/business-news/business-news/2012/10/25/bank-of-england-chief-charlie-bean-says-economy-is-past-the-worst-on-north-wales-visit-55578-32099469

]]>