Posts by "givemethebill"

He (Trichet) looks like a permanent happy man :D

in my mind:
1) range bound trade continues
2) ECB rates unchanged
3) QE3 looming near with Evans.
4) Austerity seems to "kick the can" until further revealing

Q)why did USD gain 50 pips since last night??

Hello Helmut, my main fundamental is: i can not quite believe if Japanese companies are adapting well to the strong yen (altho my good friend JPm told me otherwise lol). Japanese depends fully on companies not school. They don't care if their students are stupid. and we're back to 1984 @ plaza accord and declining economy. how uncorrelated.

As you've seen for the past few weeks, you'll notice 3-4 spikes i think they are quietly making calming the yen. as u can see for the past 1 mth, support level is up from 76.28 to 76.42 to 76.69 and now 77.02 .. hopefully this gives a good indication. You may say because this is partly due to the strengthening of USD (which is true also).

in simple reality, we're already nearing a HISTORIC low of yen. It's quite obvious whether u want to be on short side of the boat worrying being knocked down whenever CB acts or the long side of the boat to ride the long awaited. Scalping does help too but overall keep the long readily available.

when is turn for intervening gold ??

did SNB just bought EUR lol