Who will win?

If it's Brown (God forbid), Clegg or a Hung Parliament then sterling will go down imo. However, it's already shed nearly 300pips in the last 2 weeks so the market is probably factoring this in.

If Cameron wins then it'll probably have a bounce.

My money is on Cameron pinching it, with Brown heading off back to Scotland safe in the knowledge that not only was he the worst Chancellor we've ever had, he was also the worst (non-elected) Prime Minister we've had too!

and cameron will be a roaring success

The election is on Thursday 6th May. Polls close at 10PM so you don't have to worry about it until Friday morning.

56 29 Apr 15:58


and cameron will be a roaring success


Can't be any worse that the one-eyed Scottish freakshow!

*than

hung parliament with Labour most seats.

Did you take any positions Mr Ben?

no pastie.I been out for  about a month at zero positions.I missed the big downdraught.
After the 1000 point "glitch" one must serious consider the trustworthyness of the system.

That's a shame. Combined with the issues with Greece, trading on EUR/USD and cable has been a doddle. I've easily had my most profitable two weeks trading since the GFC and the big drops that occurred then!!!

well done pastie.good onya. just be careful now, watchout for a big euro rebound.Also  the AUD will rebound this week im betting.[;)]

time to short the euro again, for a trade at least

Cheers Mr Ben.

I occasionally look at AUD. However, only against JPY. Whilst it hasn't happened yet, long term I'm bearish against the USD. I just think the train left that particular station a long time ago.

Cable will probably be tricky this week with the election still causing ripples.

However, I might short cable and E/U if and when we get a rally up towards the daily 50sma.

The Euro also has a gap to fill so it 'should' go down to around 1.2750 before heading back up.

Long term keep an eye on USD / JPY.

Euro trade looking sweet already.

Medium-long term view
Short AUD/USD. Long USD/JPY.

I don't do currency trading.

Made a nice profit on the election though.
Oddly enough, following the coverage on tv, I noticed that Sky and BBC were way slower with results than ITV.

Biodiesel
Joined: 04 May 05
Replies: 772 10 May 10 15:31   
Euro trade looking sweet already.

Medium-long term view
Short AUD/USD. Long USD/JPY. 


Completely agree old boy. I'm waiting for the 50sma to cross below the 200sma on the daily chart and I'll be ready with the shorts on A/U. Might take a while to materialise though.

Already long on U/J. S/L almost got taken out with the huge spike down last week. Still in tact though. I've brought it up to break even just in case there's more madness this week.

biodiesel - are you trading EUR/USD today?

I shorted for 75 pips earlier. Expecting a bit of a retrace before the NY open. Unless the US unemployment claims come in at a shocking figure, I can see the Euro getting another c0ck up the @rse a bit later today.

Possibly from around the 1.2617-39 level.