Posts by "speculator"

i think we will hit at least 140 before 150 for cable

i believe cable has further to fall to 1.40 at least. there is not much media speculation on sterling at present as all eyes have been on euro. so despite non comercial speculation being high against sterling, media speculation is limited.

the euro is highly media covered at present and perception was incredibally bearish hence the bounce this week. it is too early to establish that a new euro trend has emerged.

I believe poor US DATA today was having a negative impact on the dollar despite risk aversion. This is insufficient for the birth of a new downtrend of the dollar. it will only attract further shorts en route to dxy 90 and beyond.

go long euro when there is a bloody good reason to same with sterling. right now is not the time.

the problem here is bakruptcy has passed from corporations to the government coupled with huge unemployment and unsustainable fiscal practices. The only way risk can rally firmly is if investors see solid economic rebound ie falling unemploymet rates and rising GDP. We are not really seeing much of this at present. The advent of higher taxes around the world will only curtail economic recovery. 2010 will proove to be a very difficult year for money managers that use simple approaches. Hedge funds are likely to perform very well!

ps next week i may be working for Barclays wealth investments fingers crossed.