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by Ashraf Laidi
Posted: Sep 25, 2008 14:01
Comments: 12
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This thread was started in response to the Article:

Fed Cut May Come Before Oct 29

The Swiss Franc outperform the yen as forex traders seek refuge to the least risky currency on soaring LIBOR rates, weak US data, GE earnings downgrade and rising odds of a Fed cut.
 
 
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Ashraf Laidi
London, UK
Posts: 0
16 years ago
Sep 25, 2008 22:53
Hamish, gold was losing because dollar was rallying across the board due to reasons stated in article and updates. The relationship is almost always inverse. Tune in for NZD report in 50 minutes. Traders seem thy want to take down the kiwi, especially against USD and currencies holding well aganist USD.
hamish
vancouver, Canada
Posted Anonymously
16 years ago
Sep 25, 2008 22:29
Excellent analysis, a very profitable trading day but what I don't understand, why is gold struggling considering the current worldwide financial & economic situation?

Presumably current fx bids have priced in TARP's acceptance but if the politicians fail to accept by the w/end does the USD capitulate?
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