Posts by "orange_trad"

In a matter of a few (very few) days we'll have a death cross on EURUSD (55dma under 1dma) that ought to take us, finally, to that 26s, and further. Maybe tomorrow's European auctions would serve as a catalyst. But the death cross is pretty much inevitable now.

I just watched John Taylor of FX Concepts on Bloomberg. Said the euro is going to parity. Also, countries will not so much fall out of EZ but be kicked out, so some kind of euro break up will happen.

I also watched Ashraf's CNBC interview yesterday saying no way the USD could rally 30%, even against the euro, so parity is out of question, despite more downside. Also, I can't recall where, but Ashraf said no way the euro will break up.

Now, this is a classic case of what will happen when you stick a slice of bread with the buttered side upwards on the back of a cat and drop them.

BTW, I especially loved the last remark on the CNBC interview. 'An impassioned currency discussion' 'With myself' LOL

I'm not sure where Ashraf got his figures of 73 Labor vs. 72 Cons. in his tweet, but Reuters knows it different: (72 Labor, 69 Cons, 3 Indy, 1 green)
http://uk.reuters.com/article/idUKTRE67I55Q20100823

Scaled out at 1.75s, 1.753 resistance intact. Looking for shorts from here, dependent on GBPUSD: there will be no important news for GBP today, so renewed interest in selling it might help GBPAUD back down to 1.73 - 1.725.

So, Ashraf, how much interest did CMC collect on AUD short interest? ;)