MoneyTec.com Traders Community Forum - View Single Post - Lets Talk GBP/USD

Robdogg23 · 06-12-2004, 21:56

It is 5:30 PST / 8:30 EST / 1:30 GMT

Current GBP/USD price is 1.9375/1.9380

-- Technicals --

My 1 Hour slow Stoch (15,5,5) is at 16.63 (My Signal to be ready and buy)

My 1 hour EMA (80) is giving me a 1.9330 (My Signal saying GBP can reach 1.9330)

-- Fundamentals --
Upcomming Events

11:00PST / 00:00EST / 5:00GMT
JPY Houshold Spending
JPY economic Index
JPY Coincident Index
JPy Teikoku Databanks
Results = Caused GBP to rise to the 1.9505 area

2:00PST / 5:00EST / 10:00GMT
EUR ZEW survey
Results = No Apparent Effect

4:00PST / 7:00EST / 12:00GMT
Eur ECB Weber Speaks
Results = No Apparent Effect

5:30PST / 8:30EST / 13:30GMT
USD Nonfarm Productivity
USD Unit Labor Costs
Results = No Apparent Effect

12:00PST / 15:00EST / 20:00GMT
USD Consumer Credit

Adding 6:00PST / 9:00EST / 14:00GMT
CAD Bank Rate
Result = Left unchange at 2.5% causing GBP to decline to the 1.9410 area

15:50PST / 18:50EST / 23:50GMT
JPY GDP Deflaitor
JPY Money Supply
JPY Broad Liquidity
JPY Bank Lending
JPY GDP
Results = No Apparent Effect

This is the upcomming events for Dec 7th.

My technicals say that GBP will go up...

I am still unclear as to what the fundaments will say. I beleive the JPY, USD and EUR news effects the GBP currency and I

will report in the impacts of the reports.

I would guess that the JPY household spending should have some effect. In concensus is correct is looks like a negative

effect to the JPY economy which I beleive would indicate a rise in GBP (Supports Stoch Technical)

EUR ECB weber I am looking for some market movement all though not sure what impact it will have

USD Nonfarm and Labor I am expecting little to no impact
USD Consumer credit looking at little to no impact

JPY GDP I am looking for a move in the GBP market. Consensus looks to be the same a last Quarter. Maybe a negative impact on

JPY causing GBP to rise.

Overall market outlook for Dec 7th. I am guessing a rise in the GBP. Currently at 1.9382/1.9387 at the end of this post.

Looking for the 1.9475 - 1.9505 area.

This is everything I am taking into consideration for Dec 7ths market. If you have any information about these studies please

post your oppinion and we will see who is correct. Please back up all claims made. Also I am looking for more Technicals to

add to my report. Please let me know what you guys also use to make your informed decision.

06-12-2004, 21:56	#3 (permalink)
Robdogg23 level 1 Join Date: Nov 2004 Posts: 19 Rep Power: 0	My Current Outlook It is 5:30 PST / 8:30 EST / 1:30 GMT Current GBP/USD price is 1.9375/1.9380 -- Technicals -- My 1 Hour slow Stoch (15,5,5) is at 16.63 (My Signal to be ready and buy) My 1 hour EMA (80) is giving me a 1.9330 (My Signal saying GBP can reach 1.9330) -- Fundamentals -- Upcomming Events 11:00PST / 00:00EST / 5:00GMT JPY Houshold Spending JPY economic Index JPY Coincident Index JPy Teikoku Databanks Results = Caused GBP to rise to the 1.9505 area 2:00PST / 5:00EST / 10:00GMT EUR ZEW survey Results = No Apparent Effect 4:00PST / 7:00EST / 12:00GMT Eur ECB Weber Speaks Results = No Apparent Effect 5:30PST / 8:30EST / 13:30GMT USD Nonfarm Productivity USD Unit Labor Costs Results = No Apparent Effect 12:00PST / 15:00EST / 20:00GMT USD Consumer Credit Adding 6:00PST / 9:00EST / 14:00GMT CAD Bank Rate Result = Left unchange at 2.5% causing GBP to decline to the 1.9410 area 15:50PST / 18:50EST / 23:50GMT JPY GDP Deflaitor JPY Money Supply JPY Broad Liquidity JPY Bank Lending JPY GDP Results = No Apparent Effect This is the upcomming events for Dec 7th. My technicals say that GBP will go up... I am still unclear as to what the fundaments will say. I beleive the JPY, USD and EUR news effects the GBP currency and I will report in the impacts of the reports. I would guess that the JPY household spending should have some effect. In concensus is correct is looks like a negative effect to the JPY economy which I beleive would indicate a rise in GBP (Supports Stoch Technical) EUR ECB weber I am looking for some market movement all though not sure what impact it will have USD Nonfarm and Labor I am expecting little to no impact USD Consumer credit looking at little to no impact JPY GDP I am looking for a move in the GBP market. Consensus looks to be the same a last Quarter. Maybe a negative impact on JPY causing GBP to rise. Overall market outlook for Dec 7th. I am guessing a rise in the GBP. Currently at 1.9382/1.9387 at the end of this post. Looking for the 1.9475 - 1.9505 area. This is everything I am taking into consideration for Dec 7ths market. If you have any information about these studies please post your oppinion and we will see who is correct. Please back up all claims made. Also I am looking for more Technicals to add to my report. Please let me know what you guys also use to make your informed decision. Last edited by Robdogg23; 08-12-2004 at 00:59.