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

Robdogg23 · 08-12-2004, 00:55

It is 8:30 PST / 11:30 EST / 4:30 GMT

Current GBP/USD price is 1.9400/1.9405

-- Technicals --

My 1 Hour slow Stoch (15,5,5) is at 12.25 (My Signal to be ready and buy)

My 1 hour EMA (80) is giving me a 1.9385 (My Signal saying GBP can reach 1.9385 and it already has gone to 1.9385)

My technicals say that GBP will go up...

-- Fundamentals --
Upcomming Events

21:00PST / 0:00EST / 5:00GMT
JPY Eco Watchers Survey
(I am unsure on the effect to the market)
RESULT = SLIGHT DECLINE BUT RETURNED TO SAME PRICE

22:00PST / 1:00EST / 6:00GMT
JPY Machine Tool Orders
(If over 48.3% is think GBP will decline, If under 48.3% GBP will rise)
RESULT = SLIGHT DECLINE BUT RETURNED TO SAME PRICE

22:45PST / 1:45EST / 6:45GMT
CHF Unemployment Rate
(If unemployment rate is down GBP will rise)
RESULT = NO APPARENT EFFECT ON GBP

1:30PST / 4:30PST / 9:30GMT
EUR ECB Mersch Speak
(Unsure on what the effect will be to the market)
RESULT = CAUSED GBP TO RISE SLIGHTLY

4:00PST / 7:00EST / 12:00GMT
USD MBA Mort Applications
(If above -5.8% USD will increase in valce causing GBP to decline)
RESULT = CAUSED GBP TO RISE SLIGHTLY

5:15PST / 8:15EST / 13:15GMT
CAD Housing Starts
(If below 225k which indicates a weaker CAD economy, I think GBP will rise)
RESULT = CAUSED A VERY BIG DECLINE IN GBP PRICE DOWN TO THE 1.9180 LEVEL, GBP ALSO QUICKLY ROSE BACK TO THE 1.9400 AREA AFTER DECLINE. I AM UNSURE ON THE REASON FOR THE PRICE RISE.

15:50PST / 18:50EST / 23:50GNT
JPY Current Account Total
(If Less than 1744.3B GBP will rise)
JPY Trade Balance
(Is less than 1436.5B GBP will rise)
RESULT = NO APPARENT EFFECT ON GBP

This is the upcomming events for Dec 8th.

Overall market outlook for Dec 8th. I am guessing a rise in the GBP. Currently at 1.9380/1.9385 at the end of this post.
I am think the market will go back over the top again reaching the 1.9505 - 1.9550 area.
Looking to buy under the 1.9400 area. If we keep up the slight decline, maybe I can buy in at 1.9350 and sell at 1.9550 area for a 200pip win.
This is everything I am taking into consideration for Dec 8ths market. If you have any information about these studies or fundaments please post your opinion 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. will go.

THIS POST WAS UPDATED WITH THE GBP RESULTS ON 12/8/04 @ 11:28PM PST

08-12-2004, 00:55	#12 (permalink)
Robdogg23 level 1 Join Date: Nov 2004 Posts: 19 Rep Power: 0	Dec 8th Outlook It is 8:30 PST / 11:30 EST / 4:30 GMT Current GBP/USD price is 1.9400/1.9405 -- Technicals -- My 1 Hour slow Stoch (15,5,5) is at 12.25 (My Signal to be ready and buy) My 1 hour EMA (80) is giving me a 1.9385 (My Signal saying GBP can reach 1.9385 and it already has gone to 1.9385) My technicals say that GBP will go up... -- Fundamentals -- Upcomming Events 21:00PST / 0:00EST / 5:00GMT JPY Eco Watchers Survey (I am unsure on the effect to the market) RESULT = SLIGHT DECLINE BUT RETURNED TO SAME PRICE 22:00PST / 1:00EST / 6:00GMT JPY Machine Tool Orders (If over 48.3% is think GBP will decline, If under 48.3% GBP will rise) RESULT = SLIGHT DECLINE BUT RETURNED TO SAME PRICE 22:45PST / 1:45EST / 6:45GMT CHF Unemployment Rate (If unemployment rate is down GBP will rise) RESULT = NO APPARENT EFFECT ON GBP 1:30PST / 4:30PST / 9:30GMT EUR ECB Mersch Speak (Unsure on what the effect will be to the market) RESULT = CAUSED GBP TO RISE SLIGHTLY 4:00PST / 7:00EST / 12:00GMT USD MBA Mort Applications (If above -5.8% USD will increase in valce causing GBP to decline) RESULT = CAUSED GBP TO RISE SLIGHTLY 5:15PST / 8:15EST / 13:15GMT CAD Housing Starts (If below 225k which indicates a weaker CAD economy, I think GBP will rise) RESULT = CAUSED A VERY BIG DECLINE IN GBP PRICE DOWN TO THE 1.9180 LEVEL, GBP ALSO QUICKLY ROSE BACK TO THE 1.9400 AREA AFTER DECLINE. I AM UNSURE ON THE REASON FOR THE PRICE RISE. 15:50PST / 18:50EST / 23:50GNT JPY Current Account Total (If Less than 1744.3B GBP will rise) JPY Trade Balance (Is less than 1436.5B GBP will rise) RESULT = NO APPARENT EFFECT ON GBP This is the upcomming events for Dec 8th. Overall market outlook for Dec 8th. I am guessing a rise in the GBP. Currently at 1.9380/1.9385 at the end of this post. I am think the market will go back over the top again reaching the 1.9505 - 1.9550 area. Looking to buy under the 1.9400 area. If we keep up the slight decline, maybe I can buy in at 1.9350 and sell at 1.9550 area for a 200pip win. This is everything I am taking into consideration for Dec 8ths market. If you have any information about these studies or fundaments please post your opinion 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. will go. THIS POST WAS UPDATED WITH THE GBP RESULTS ON 12/8/04 @ 11:28PM PST Last edited by Robdogg23; 09-12-2004 at 03:28.