Posts by "rkkashmir"

The eur Plunge Protection Team has shamelessly bid their Boy Toy eur.gbp to .9022, or 20 pips in just 3 minutes, to sipport eur.usd at 1.4360, while lopping off yet another 35 pips off gbp.usa.

Their line in the sand clearly is 1.4360. even aud and gold getting hit, yet eur suspended in animation at 1.4360. Does the eur PPT have the audacity to add the required 50 additiona pips on eur/gbp to keep eur.usd afloat?

Xaron,

Wow, we are very close to the same thinking. However, the eur chart is atrocious-that's why I am bearish. I agree, 1.42 may be a buy. But not 1.44.

I 100% agree regarding your comments on NY and Cali. Cali is the 5th largest economy in the world, or something like that, yet all anyone harps on is Greece and Spain. The reason? U.S. Feds would pring a gazillion more greenbacks to support Cali and NY.

You have to admit though it is suspicious when German Retail Sales fall short of expectation, yet it is gbp which gets, well, pounded through the Boy Toy eur.gbp, and eur rises 45 pips?

I am also long usd.jpy, and made a huge hit on the new Finance Minister's statement earlier regarding jpy. It was my largest position.

I short gold on the pops. However, it looks like the momo is gone from Gold after $50 up in three trading days. aud and nzd look toppy, which is very ominous for eur and gbp. The eur Plunge Protection Team better stay on alert and continuosly bid up boy toy eur.gbp to try and keep eur afloat in here.

eur PPT was called in one hour ago. They have so far successfully thrown a life-line to their beloved eur.usd to the tune of 30 pip pop from 1.4354 to 1.4385. 7:48 GMT.

usd/jpy just poppped 55 pips up this minute: 1:49 am new york time!

Eur Money Makers desperately throwing everything they got at Eur to support it above 1.44 before European session opens. They know if Eur below the "line-in-the-sand" suddenly mythical and magical 1.44 handle when Europe opens, it will be belted back below 1.43. They are hoping they can force another mindless 100 pip rise in eur in Europe session if they can somehow keep above 1.44. The Eur PPt has been called to intervene once again. They may drive their favorite Boy Toy, eur/gbp up another 75/100 pips if necessary. Poor GBP, doesn't anyone care about GBP anymore? Doesn't GBP have a PPT?