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Posts by "montmorency"

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678 Posts Total by "montmorency":
604 Posts by member
montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 19:02
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Good call so far SD.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 17:02
In Thread: EUR
Seems to be finding support around 1.2840-70 zone. Daily trend line holding for now.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 11:20
In Thread: EUR
Looks like strong downward pressure inhibiting further move above 1.3 for the time being.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 7:48
In Thread: EUR
Ashraf's 1.3030 of yesterday _almost_ hit this morning, so good call, just a bit premature.
Fallen back & seems to be consolidating around 1.3007 for now. (~0745 BST)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 19, 2010 0:16
In Thread: EUR
Thought this was quite interesting:
http://www.bbc.co.uk/news/business-10661748

Not sure how relevant here, but could be regarded as a piece of jawboning for a stronger Euro.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 19, 2010 0:02
In Thread: WorldCup2010
FFS Marry, you can't even spam properly. This is the soccer thread! Get lost.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 18, 2010 16:52
In Thread: EUR
@Jamshed: Well explained. I don't know if you are right or wrong, but your argument is very clear.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 18, 2010 12:23
In Thread: EUR
@Catnip: I try not to be a conspiracy theorist, but I'm glad someone else thinks that CBs might have been involved.


You can't fight the market, you can't fight central banks, and you certainly can't fight the Chinese (if it was them), unless perhaps you are George Soros (but he is big and important enough that he probably gets insider tip-offs :) ).

What would you say is a safer trade at this point?
Gold? (joke).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 18, 2010 12:13
In Thread: CHF
@chnce: I don't follow CHF closely , so can't advise. However, in trading terms, you need REALLY long pockets to trade against the market, so take care. Sometimes a painful loss today is better than a catastrophic one next week or whenever. (And I speak from experience).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 18, 2010 12:10
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
That's interesting. In the grand scheme of things, 658M isn't so much is it, for hedge funds and such? Is it really possible to corner the market with so (relatively!) little? I can see the firms who use it kicking up, and maybe forcing further regulation. Hasn't there been talk of commodity trading regulation recently, to try to guard against this sort of thing? Hmm...Kraft have just bought Cadbury haven't they; might not have much spare cash left for cocoa!
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