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

Robdogg23 · 09-12-2004, 02:23

It is 11:00 PST / 2:00 EST / 7:00 GMT

Current GBP/USD price is 1.9300/1.9305

-- Technicals --

My 1 Hour slow Stoch (15,5,5) is at 37 on a down trend (My Signal GBP will drop and possible rise in the near future)

My 1 hour EMA (80) is giving me a 1.9350 (My Signal saying GBP can reach 1.9350 on the up trend)

My technicals are mixed with a near term drop and a near future rise in price

-- Fundamentals --
Upcomming Events

21:00PST / 00:00EST / 5:00GMT
JPY MACHINE ORDERS
(INFO ALREADY RELEASED AND CAUSED A SLIGHT DECLINE TO THE 1.9300 AREA DOWN FROM 1.9350 A FEW HOURS AGO)

1:00PST / 4:00EST / 9:00GMT
EUR ECB DEC MONTHLY REPORT
(UNSURE ON THE EFFECT)

1:30PST / 4:30EST / 9:30GMT
GBP TRADE BALANCE
(CENSENSUS HAS A NEGATIVE OUTLOOK WHICH SHOULD CAUSE A DECLINE IN THE GBP PRICE)

4:00PST / 7:00EST / 12:00GMT
GBP BOE ANNOUNCES RATE DECISION
(EXPECTING AN UNCHANGED RATE, NOT SURE ON THE EFFECT. POSSIBLE INCREASE IN GBP)

5:30PST / 8:30EST / 13:30GMT
USD IMPORT PRICE INDEX
USD EXPORT PRICE INDEX
USD JOB LOSS
(EXPECTING A DECREASE IN IMPORT/EXPORT CAUSING GBP TO RISE)

5:30PST / 8:30EST / 13:30GMT
CAD NEW HOUSING PRICE INDEX
(EXPECTING A NO CHANGE BUT POSSBILE POSITIVE OUTLOOK FOR CAD CAUSING GBP TO DECLINE)

7:00PST / 10:00EST / 15:00GMT
USD WHOLESALE INV
USD WHOLESALE SALES
(POSSIBLE DECREASE CAUSING GBP TO RISE)

14:00PST / 17:00EST / 22:00GMT
EUR ECB PAPADEMOS SPEAKS
(UNKNOWN EFFECT ON GBP)
CAD BOE GOV DODGE SPEAKS
(UNKNOWN EFFECT)

15:50PST / 18:50EST / 23:50GMT
JPY DOMESTIC CGPI
JPY EXPORT PRICE INDEX
JPY IMPORT PRICE INDEX
(POSSBILE NEGATIVE OUTLOOK FOR JPY CAUSING GBP TO RISE)

This is the upcomming events for Dec 9th.

Overall market outlook for Dec 9th. I am guessing a slight drop over the next few hours until the GBP BOE Rate decision is released. Currently at 1.9275/1.9280 at the end of this post.

Looking to buy at the 1.9250 - 1.9225 area and sell it back at 1.9350 - 1.9400 area. There is a possible rise to the 1.9505 if all the news turns out in favor of GBP.

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.

Not many have posted back yet, I would really enjoy some second opinions and some good arguments pro and con and maybe some new insights and ideas to take into consideration when deciding where the market will go.

09-12-2004, 02:23	#15
Robdogg23 level 1 Join Date: Nov 2004 Posts: 19 Downloads: 0 Uploads: 0 Rep Power: 0	Dec 9th Outlook It is 11:00 PST / 2:00 EST / 7:00 GMT Current GBP/USD price is 1.9300/1.9305 -- Technicals -- My 1 Hour slow Stoch (15,5,5) is at 37 on a down trend (My Signal GBP will drop and possible rise in the near future) My 1 hour EMA (80) is giving me a 1.9350 (My Signal saying GBP can reach 1.9350 on the up trend) My technicals are mixed with a near term drop and a near future rise in price -- Fundamentals -- Upcomming Events 21:00PST / 00:00EST / 5:00GMT JPY MACHINE ORDERS (INFO ALREADY RELEASED AND CAUSED A SLIGHT DECLINE TO THE 1.9300 AREA DOWN FROM 1.9350 A FEW HOURS AGO) 1:00PST / 4:00EST / 9:00GMT EUR ECB DEC MONTHLY REPORT (UNSURE ON THE EFFECT) 1:30PST / 4:30EST / 9:30GMT GBP TRADE BALANCE (CENSENSUS HAS A NEGATIVE OUTLOOK WHICH SHOULD CAUSE A DECLINE IN THE GBP PRICE) 4:00PST / 7:00EST / 12:00GMT GBP BOE ANNOUNCES RATE DECISION (EXPECTING AN UNCHANGED RATE, NOT SURE ON THE EFFECT. POSSIBLE INCREASE IN GBP) 5:30PST / 8:30EST / 13:30GMT USD IMPORT PRICE INDEX USD EXPORT PRICE INDEX USD JOB LOSS (EXPECTING A DECREASE IN IMPORT/EXPORT CAUSING GBP TO RISE) 5:30PST / 8:30EST / 13:30GMT CAD NEW HOUSING PRICE INDEX (EXPECTING A NO CHANGE BUT POSSBILE POSITIVE OUTLOOK FOR CAD CAUSING GBP TO DECLINE) 7:00PST / 10:00EST / 15:00GMT USD WHOLESALE INV USD WHOLESALE SALES (POSSIBLE DECREASE CAUSING GBP TO RISE) 14:00PST / 17:00EST / 22:00GMT EUR ECB PAPADEMOS SPEAKS (UNKNOWN EFFECT ON GBP) CAD BOE GOV DODGE SPEAKS (UNKNOWN EFFECT) 15:50PST / 18:50EST / 23:50GMT JPY DOMESTIC CGPI JPY EXPORT PRICE INDEX JPY IMPORT PRICE INDEX (POSSBILE NEGATIVE OUTLOOK FOR JPY CAUSING GBP TO RISE) This is the upcomming events for Dec 9th. Overall market outlook for Dec 9th. I am guessing a slight drop over the next few hours until the GBP BOE Rate decision is released. Currently at 1.9275/1.9280 at the end of this post. Looking to buy at the 1.9250 - 1.9225 area and sell it back at 1.9350 - 1.9400 area. There is a possible rise to the 1.9505 if all the news turns out in favor of GBP. 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. Not many have posted back yet, I would really enjoy some second opinions and some good arguments pro and con and maybe some new insights and ideas to take into consideration when deciding where the market will go.