Comments on: Cable downtrend looks ready to accelerate; 1.40 here we come.

By: Hitesh

Hitesh — Sun, 17 Feb 2013 20:32:22 +0000

I was happy to be plastered by you for commenting on the minutes. M. King didnt hesitate much when it came to more QE vis-a-vis Inflation. But a sharp fall in the rate can cause a British spring???

By: Sean Lee

Sean Lee — Fri, 15 Feb 2013 09:51:59 +0000

Yes that’s often how the GBP tends to trade. It looks very soft so more downside very likely imho

By: Papillon

Papillon — Fri, 15 Feb 2013 09:44:51 +0000

Sean,

Since two days ago, the price action on the cable seems to be accelerating on the downside. Two weeks ago when I shorted, every days we had found some supports and had rebounded near 200 pips. Currently, it’s not anymore the case ?? I guess some traders start to short this pairs for a long run ?

By: Sean Lee

Sean Lee — Thu, 14 Feb 2013 00:52:53 +0000

That’s an excellent call Lam-Son

By: Lam-Son

Lam-Son — Thu, 14 Feb 2013 00:46:56 +0000

In reply to Sean Lee. Hope they get out of their long positions soon. I was caught long of EUR/AUD last year and I learn a lot from this. My gut feeling is that GBP/NZD behaves exactly the same as EUR/AUD did last year.

By: Sean Lee

Sean Lee — Thu, 14 Feb 2013 00:35:59 +0000

That GBP/NZD has been a monster Lam-Son, some others were caught long and I only hope they survived. Could go anywhere??

By: Lam-Son

Lam-Son — Thu, 14 Feb 2013 00:27:08 +0000

Hi Sean, GBP/NZD hits fresh lows after fresh lows but I was not brave enough to hold my short positions this far. Looking for bounces to sell again 🙂