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Gold & Yen's Perfect Desert Storm
Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
Hi Montmorency ,
I opened yesterday , when the market was 1100 some put options for 1.5 month with strike in 1040 ...so i think it could goes down next weeks
thanks for the nok
as for gbpcad its the good deed of the day.
watch how GBPCAD is still flying
Ashraf
gbpnok at 9.415?
thnks
as for the possible inflow in us treasury i was projecting an uncorrelated market due to we are gonna dow jones at 10325 and the maybe above average bid to cover ratio on the 5 years auction.
at chicago open expect a sell off quickly filled.
market participants might not wait FOMC minutes and fed fund rate decision to accelarate the stronger waves in gold down move till it reaches its support
i expect 1108-1113 before it slide then it will impact not only carry trade currencies but commodities ones. i expect too a masive inflow in treasury at this level within the day.*
on the oil side i still expect 72.50 and despite a short hike toward 9.43-44 for gbpnor we'll see the krona strenghning. oil royalties inflows.
bingo u got the trigger!!!!!
mi ritmo te llama