Commodity FX (CAD AUD NZD NOK)

Raulin,

I'd been caught up w/ so much that ashraflaidi.com, unfortunately, had to pay the price! :p Still, I visited once a while. But e/thing had been okay. Thanks!

United: Well, they've got (on form) the best player in the world right now (though the price for this will be paid by England at the WC)...so it doesn't matter who they come across at the moment. Mourinho & Fergie are both tactical geniuses (though no more than Wenger), and Mourinho HAS the capability to chart United's downfall. Still, I expect United to make it the League final...and lose it. Again. As for the Premier League, it'll be 1) United, 2) Arsenal, 3) Chelsea by the time the League finishes!

Israel: They'll be well-hammered if they touch Iran! Let's not forget that Iran funds Hamas on the left & Hezbollah on the right...and touching Iran would only conclude in a threesome for Israel (if you know what I mean). Also expect Syria to join the club (makes us think then WHY is Israel even sitting in the ME - why not s/where in Europe of North America *heheh*).

Thing is that Israel will have the US take out the targets in Iran (I can tell you that the recent 'decade-low relationship b/w US & Israel' is just being played out - a theatrical precursor to what's about to take place). In any case, there'll be SERIOUS backlash - both military and financial. Stocks will crash and oil & gold will be king again!

It doesn't matter whether N'yahu or Olmert is in the hot seat. They both follow the same agenda. One did it covertly...this one's doing it overtly...


Asad

Hey Asad
Long time no hear ..Looks like Man U maybe facing Inter at some stage Mourinho VS Ferguson but I think Inter are pretty limited and Walter Samuel was crap with Real Madrid though Arsenal VS Barca is a fantastic tie.On a different note ... I can't believe this snake Netanyahu causing so many problems. I was having a chat with my mate about this Iran thing and he could not believe that Israel would do it as the Arab world would be down on them like a ton of bricks but since when has Israel has given a stuff about the Arab world?

Chloe,

Be wary building huge positions shorting oil (yes, it's ME writing this - believe it or not). News doing the rounds is that, having failed diplomatically, US/Israel are planning to target Iranian nuclear facilities (if true, then soon). Military build-up has been taking place on some remote British island!

I, myself, cut half my short positions before close...in the unlikely case some action takes place over the weekend. Still, doesn't matter...because even if during a w/day, it would dramatically 'gap' to anywhere above $100, throwing all stops & limits out of the window...


Asad

@dhussey - AUD/USD usually gaps up on Monday (Sunday US) opens, so I wouldn't be surprised if AUDUSD tries to make a run for 92 in the morning. The only exception to this would be if China makes any releases over the weekend - they do that from time to time. The Aust morning economic calendar seems inconsequential. Personally, I would look for short opportunities with limits higher if possible on Monday/Tue.