GBP

ashraf is iranian, so has a slight bias on news events, but don't take it out of context Rhiwad :)
JUST when the markets see to be correcting themselves, i read this....http://bit.ly/interestraterisetelegraph
wheat has had a 50% increase this year and thats having a knock on effect at Greggs! (no more doubling up on my usual order of cheese and bacon turnovers & apple danishs')
more seriously infalation has raised its head! after all the talk of deflation things seem to be spinning round quickly on this one too. Dry goods may well be dropping in price but the relentless increases in commodities and grains has to be paid for at the end point, we all have to eat right?
Q. Could some of the current uplift in usd x's be more long players realising that interest rates for the rest of the world may have to rise to dampen inflation , leaving the usa happily stimulating away, fearful of a debt laiden mortgage market into further repo's? if so 1.62-1.68 suddenly doesnt seem so unachievable. thought s anyone??

rrose
go for a three month peace corp in the middleeast

as for euro
wait for^proable pullback to the 1.31 area then LT(september) at 1.37/40

Yes indeed, gold would be a major safe haven, and oil would gain from the fear premium. Perhaps the CH would regain some momentum as well as a safe haven?

alaidi RT @zerohedge: New post: VIPS Sends Memo To Obama Warning Israel May Bomb Iran "As Early As This Month"http://tinyurl.com/22sn3b5 $$

@catnip 1.600 in GBP will be tomorrow
but 1st it shud touch 15900- 15970 range b4 the final swing