Don't Forget the Yen

@Chloe,

I can't remember his name, but one charismatic commentator I read once described what he liked doing sometimes (in an upward trend) was "averaging up", which he paraphrased as:

"Buy, buy, buy, sell, buy, buy....etc" :-)

It's good when it works... :-)

frank,i follow ashraf on twitter an i too have a bigger pcture usdcad going back to 1.0600-50...but i like to see the moves on the day sell an buy back on the dip..thanks an gl

nzvik, as i said many times it is the anticipation of higher US rates that could give that temp USD boost and not the actual rate hikes. i dont think there could be rate hikes before Q3 if at all thsi year but it is the anticipation and expectation of the market which dictates these flows despite their frequence error. and i didnt even talk about the Eurozone fundamentals and the USD-positive impact of risk aversion dawning upon us.

Ashraf

Is there a possible HS follow through playing out on U/J - which if correct would mean a eventual shortish term (this week I guess) target c. 90.50. This afternoon will be interesting one way or the other with the US open.

@pippedoff

GBP hits 1.6150 before 1.6050 -