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Posts by "montmorency"

678 Posts Total by "montmorency":
604 Posts by member
montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 19:16
Just watchedhttp://blip.tv/file/3138146 (see Ashraf's tweets): among other things, he said "....the Asian session is going to go crazy...." (because of combination of State of Union speech & Fed/FOMC).

Seatbelts on...
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 19:08
Hi Radu. Options are a bit beyond me (I only spread-bet), but it doesn't look beyond the bounds of possibility for it to get down there before too long, does it? Can't quite bring myself to short it, and am waiting until it's time to go long again. No idea when that will be though.


montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 18:45
Not heard that about gold, but I see it's falling nicely. 1070-75 anyone?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 16:52
@Chloe: For what it's worth, I have an order in for 1.6239. Bit of a punt really.

I usually get in far too early and far too low for these shorts.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 11:00
OK, new tweet advises new interim resistance of 1.6230 on hawkish BoE comment.
(to update my previous post). 1.6220 still holding for the moment though.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 27, 2010 10:49
@El Shaer: Did you see Ashraf's tweet of about 6 hours ago + chart?
http://chart.ly/zsh6cd

Resistance around 1.6220 - recently tested, and seems to be holding for now anyway.
In hinsight, 1.6152 not best entry, but if you can hold on, you may reach target.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 26, 2010 21:16
@Said: Yes, FWIW, I too quite like that little jump up to 1108 or so too before possible slide. (Not trading it as my resources are otherwise committed).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 26, 2010 19:29
@Chloe: FOMC appears to be Wed 27th Jan @ 1915 (GMT I think) "FOMC Rate Decision".

I don't know if they wrap it up in clever words, or it's just a number release.

That was from another calendar. Just had a look at "ours" and it is:

"18:15 US Fed Interest Rate Decision" also tomorrow, Wed 27 Jan.

I don't know if it's strictly speaking the FOMC that announces the decision, or what, but then what do I know. To know that sort of thing I need a big salary with bonuses.... :-)


On the Forex Factory calendar we have (same day):
7:15pm USD FOMC Statement
7:15pm USD Federal Funds Rate

Also speech by Geithner at 3pm. Those last 3 times are GMT I think.

So, be on the alert from at least 3pm onwards! :-)

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 26, 2010 19:07
Support for the idea of a weak pound sterling from an article posted on the David Fuller Money site:
http://www.fullermoney.com/content/2010-01-25/PoundSeenasDiminishedNoMatterWhoWinsElection.pdf

montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 26, 2010 15:01
@Celtic: EUR/USD coming to Earth as we speak ...!