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| Posted By: farrukh kayani Posted On: Jan 2, 2008 Views: 1784 | gbp/usd weakening more .as i said we had a fall from 2.02 level that was ouch!.as we continue moving into jan we will see more downtrend in gbp (1.9797 now). it is quite volatile and buying on dips can be good but also big falls can be seen and is already being seen.graph study gives me idea that we will have a slow modest fall in start followed by big downtrend a sudden (ouch) again as we saw the one from 2.02 level.1.95 may be reached on jan 10 or earlier depending on datas in which i don't expect any improvement. |
| Posted By: Farrukh Kayani Posted On: Dec 30, 2007 Views: 1594 | gbp/usd downtrend possible this week we hav two datas from uk.if we don't c any imporvement,which i m not ezpecting gbp/usd be having a big fall towards 1.95.traders r all closing gbp/usd positions very few traders r long in gbp.looking at present week uk econmy chances of downfall can not be ruled out.cautious trading required.euro is going up and looks like a better oppurtunity as compared to gbp. |
| Posted By: farrukh kayani Posted On: Dec 28, 2007 Views: 1516 | upside possible again .as i said we reached 2.00 figure again.now after usa data.i think we would move in ranges of 1.98-2.0200.it means upside is possible.move is 2.00 digits r possble again.and seeing the poor usa econmy don't be suprized if we reach 2.05 again.but again imporvement in uk data is necessary |
| Posted By: Farrukh kayani Posted On: Dec 25, 2007 Views: 1488 | short/long there is a fifty-fifty chance now that either we reach 2.00 or reach 1.95.the friday data of usa would help us get clear image.more upmove in eur/gbp ahead. |
| Posted By: Farrukh Kayani Posted On: Dec 21, 2007 Views: 1490 | strange moves next... i now expecet a move towards 2.00 figure then a big fall towards 1.95 level,accoridng to graph study.according to econmic datas us dollar can perform better and uk econmy will suffer but not long we will see suprize of good datas from uk econmy.cautious trading required and look for sudden move towrads 2.00 figure.fall is likely now but do expect a week for that to happen.fall is likely to be minimized by 1.95..we r moving back to 1.90 levels but suprizes can be seen.keep a look at uk econmic datas.uk econmy sometimes gives sudden suprizes unlike usa econmy which started fall and falling more evryday. |
| Posted By: Farrukh Kayani Posted On: Dec 20, 2007 Views: 1245 | i know yes ali it is confusing and thats y i m avoiding any predictions.at the start of next yr will give us a better ideas. |
| Posted By: m.ali Posted On: Dec 17, 2007 Views: 1118 | a confusing market? thanks kayani for your predictions.i did made a profit from ur last two predictions.i think market is becoming so confusing again.how do u see that? |
| Posted By: farrukh kayani pk Posted On: Dec 14, 2007 Views: 1115 | gbpusd under pressure.. the good us econmic datas at the end of this week is pushing extreme pressure on gbp.i hope gbp is going to resists and downtrend would chnage into uptrend at 2.0150.euro is going to suffer more but gbp will resists at 2.0150.wait until gbp reach 2.0150 .goodluck.at the start of week move towards 2.05 is again likely depending on datas. |
| Posted By: Farrukh kayani pk Posted On: Dec 11, 2007 Views: 1075 | taget 2.05 completed.. 2.08 next. target reached : as i said in my last post look for sudden move towards 2.05 this week .which we did reach today. next target : now the target should be at 2.08.. euro has been hit bad by econmic news so eur/gbp has to go down now.the target 2.08 may be reached at the end of this week.above 2.08 is not likely this week.intresting week...the fomc decision will tell the direction of gbp.. if it can reach 2.08 or not but i hope gbp have a lot of potential to go up after rate cut of uk bcz it will save the uk econmy from any bad effects.boe is known for not telling abt rate cut time frame so don't be suprized by rate cut which we saw last time. i did expect boe to delay the decision but unfortunaelt the last econmic datas proved worst and on tuesday investors started betting rate cut is about to happen on thrusday. benefits of rate-cut of uk : i c that rate cut is going to benefit uk econmy a lot.it would prevent uk eceonmy from any financial crisis.ecb which is delaying any rate cut now is facing crisis now zew was hit hard today which now indicates that euro econmic zone is suferring from affects too. |
| Posted By: farruk kayani pk Posted On: Dec 6, 2007 Views: 1041 | gbp didn't crashed? now after the cut i expect sudden towards 2.05 this week as it was time every investor was waiting for so that they can buy gbp at low levels(Nick who asked abt low levels and as i told only rate cut could bring it down).crash that evryone looked for after rate cut didn't happen bcz i always expected that gbp if worst happened could reach 2.0150 levels bcz everyone was waiting for low levels that it already reached at 2.0150.thats wat happeneed.now u can look again at 2.05 or more.good luck. |
| Posted By: Farrukh kayani pk Posted On: Dec 4, 2007 Views: 979 | no more cut? The survey gave a 35 percent median probability of a cut but the stronger than expected manufacturing November PMI data, which came in at 54.4, above the 52.5 forecast by analysts, prompted investors to scale back bets that the BoE (Bank of England) may cut rates when it meets on Thursday.so i think intrest rate cut is not likely.buy on dips but there r lot of chances of a very sudden upmovement. |
| Posted By: Farrukh Kayani Posted On: Nov 29, 2007 Views: 974 | targetting 2.09 after yesterday's testimony i expect that rate cut is delayed into januanary which means there is more room for upward movement of gbp.2.08 may be targeted next week. |
| Posted By: Farrukh kayani Posted On: Nov 28, 2007 Views: 966 | gbpusd trends down as i see the graphs and possibility of rate cut becoming stronger i expect that gbp will face tough resistance at the end of this week and in next week.levels of 2.05 can be tested next week if the news of rate cut becomes intense.moreover:the bank is seriously contemplating a cut next week, then this possibility is likely to be flagged in Thursday's remarks.Sterling has been strong over the past 24 hours, but there are downside risks associated with the Thursday testimony as the bank is likely to shift market expectations towards expecting a rate cut next week. |
| Posted By: Farrukh kayani Posted On: Nov 28, 2007 Views: 922 | resistance 2.0750 this resistance is the basic obsatacle we r facing now.it will clear in a week.2.0600 is a low and 2.0750 is a high.fall below 2.0600 level is not expected.above 2.0750 needs more time.trading range this week 2.0600 - 2.0750. or if 2.0750 cleared 2.0800 and 2.09(maximum) euro is going to go down with time ,eurgbp has to go down now.its already 4 year high. |
| Posted By: Farrukh Kayani Posted On: Nov 24, 2007 Views: 919 | more weak dollar "Many investors are speculating that the US dollar could continue to fall to lower levels as growth prospects for the US is meek, and the Organization for Economic Cooperation and Development estimate about $300 billion in total losses from the subprime mortgage foreclosures. Many investors also expect the Federal Reserve to continue lowering interest rates on the heels of weaker growth forecasts".expexting next week again to be bad for us dollar.. |
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