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Stationdealer

(London, United Kingdom)

84 Posts by Anonymous "stationdealer":

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Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 21:42

In Thread: CHF

A reversal in AUSCHF today stops after hitting 0.9165 level. Which could have been a nice sell off. A failure to stay above 0.9300 this week will likely to send the pair down to 0.9070 and then 0.8940, finally settling around 0.8492. The pair is still in a downward channel trend.

Setting buy orders for EURAUD around 1.4375.

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 21:28

In Thread: Commodity FX (CAD AUD NZD NOK)

I've been long AUDYEN price hitting 77.35 resistance now Im happy to take profits here and sit it out for a while

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 21:26

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Apparently when traders came back from lunch they found something they liked reversing indices and taking prices higher. The key will be if we have a solid close and follow thru in the coming sessions. Higher high and higher low with Crude finishing just over 1% higher in todays session. As Ive said in recent posts aggressive traders could buy dips as long as the 50 day MA holds.

Prices in Treasuries (30-yr bonds & 10-yr notes) have been unable to see extended upside this month. If prices fail to get above 12819 and 12318 soon aggressive traders could get short.

For the last two days the 100 day MA has held in August gold at $1179. As long as this persists traders can scale back into longs. At the moment were not convinced $1155 will not come into play so Im on the sidelines. Inside day in September silver with prices closing back above the 200 day MA. We see solid support at $17.30 and have advised to have small long futures position in September as long as that level holds. Additionally own December call spreads from higher levels and are down on the trade.

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 21:03

In Thread: Will the Fed Raise Rates in 2010?

The market is getting a boost here on a story from somewhere that the Fed is going to announce that they will stop paying interest on reserves where they are currently paying .25%. This would be the Feds attempt to force banks to lend money instead of parking it at the Fed. In my opinion, this is the last bullet in the gun of the Fed and therefore is not going to be used so soon. An ISM going from 59 to 56.2 or the ISM services going from 55.4 to 53.8 for example is not going to move the Fed into such a dramatic phase of their policy. While I have no doubt that Bernanke will eventually go down this path, I think there is no way it happens for a while as the data is going to have to be really bad for them to spend their last shot in terms of shock, awe and impact.

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 20:49

In Thread: Commodity FX (CAD AUD NZD NOK)

Taking asraf's target of 1.0620,

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 20:47

In Thread: Commodity FX (CAD AUD NZD NOK)

I just went long 1.0445

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 20:12

In Thread: EUR

http://projects.washingtonpost.com/top-secret-america/network/#/overall/most-activity/

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 13:05

In Thread: EUR

CAT why so glum on EURO my friend? It just gave an easy 150 and can likely shed some more price levels now that it has triggered some stops. Right now Im not that worried that Euro will go higher, what concerns me that end July mid Aug Euro may not be suggesting a clear break.

Remember July Aug are just slow month, but euro and gold seem to be two significant instruments giving good returns so why not trade them.

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 13:01

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Gold im buying here 1177.80 and if it touches 1170 again, and then hold for 1212.

Stationdealer

London, UK

Posts: 715

14 years ago

Jul 20, 2010 12:59