Calling all brits

[psytrader]

Ok Habib,

Other than bloomberg, what source would you recommend to stay current with the happenings of the Chancellor of the Exchequor?

Furthermore, if the news is a 7-2 vote is the Chancelor ballanced by this governing body of 9 yeas or nays?

When our Greenspan speaks before congress there is never any news of those who may have different oppinions. (Just a concise restatement with the same "measured" rhetoric.)

[MickMason]

Originally Posted by Habib

I mean no disrespect and I have many brits as friends, but quite frankly nobody gives a hoot about what Blair has to say.

I agree, he's just a politician trying to win votes and be seen as the Mr Nice Guy of European politics, not exactly market moving stuff!


Mick

[MickMason]

Originally Posted by psytrader

Mick,

I listen to bloomberg internet radio. Granted, I tuned in around 02:30 est. There is a distinct possibility I missed it. Even so, if they reported it early in the am gmt that puts it at 7-8 pm est. Why the big delay for the pop off at 04:30 est?
Thats an hour and a half into the trading day in London.

From a technical perspective,...the sharp spike lends itself to a lot of people waiting for one thing to happen at a very specific and expected time.

Does this gest that the big players were armed with the info and simply waiting for the highest (double top) cable price before opening the shorts?

What they reported was the expectation of 7-2, the actual minutes came out at 9.30 BST. Taking cable up to resistance at 1.8320 is just strategy, trigger some short stops to help your position and get a reasonable selling price, short on data release, trigger long stops on the way down and make a few million bucks! As you know, trading is pure strategy, all we do is try and preempt what players will do, sometimes is blatantly obvious, other times it's a double bluff, it's just a game.

Mick

[MickMason]

Originally Posted by Habib

No, What I meant was Blair does not move fx markets where as the Chancellor of the Exchequor has a huge influence.
I think the Royals are a source of pride (and tourist revenue) for Britain and tend to like them.

Their pomposity, eccentricity, and elegant aloofness epitomises everything British, it's great!


God Bless our Gracious Queen......and all who sail in her


Mick

[Habib]

Originally Posted by psytrader

Ok Habib,

Other than bloomberg, what source would you recommend to stay current with the happenings of the Chancellor of the Exchequor?

Furthermore, if the news is a 7-2 vote is the Chancelor ballanced by this governing body of 9 yeas or nays?

When our Greenspan speaks before congress there is never any news of those who may have different oppinions. (Just a concise restatement with the same "measured" rhetoric.)

Sorry pal, I got no friggin idea about news sources for that purpose.
Dissenting voices in the FOMC or its other counterparts elsewhere do have some influence in policy making , albeit delayed, and do indicate a different perspective developing from that of the majority. In other words, they are sidelined with a promise to sleep over their thoughts.
I guess I used a lot of words to say practically nothing. nuf ced.

[Habib]

Originally Posted by MickMason

I agree, he's just a politician trying to win votes and be seen as the Mr Nice Guy of European politics, not exactly market moving stuff!


Mick

Thanks again, Mick.

[MickMason]

Originally Posted by Habib

Thanks again, Mick.

You're very welcome old boy.

All the breast

Toodle pip