Posts by "callum"

@Pipster - the final hour of SPX and DJI were joyous! Volumes are back and it was down. I don't know as yet whether this is enough to trigger off the sell-off, I am *hoping* this could provide relief to existing shorts on JPY crosses, at least perhaps enough to book some small profits. ASX 200 futures already in -ve territory. Should be helping your AUDJPY short ;-)

@Pipstart,

Anything I write is my rather naive analysis but really hoping to hear all yours and rest of groups expert advice.

CADJPY has been so far tested the 90+ top several times since 2008. The 90 level so far appears to be a key resistance level,

1) On the monthly chart, the 100 simple moving average has so far been a resistance level so far, and possibly the 50 MA in 9150 area.
2) fib 38.2% between 2007 high and 2008 low also in sub 90 levels, just crossed it.

Just read Ashraf's IMT today on GOVERNMENTS TO THE RESCUE and RENEWED SURGE OF RISK APPETITE and his earlier calls USD JPY 9180 ....

Perhaps, this dampen any notion of tightening or anything Bernanke's Q&A today may signal, or any other hope of lending rates related news out of China. Should USDCAD over the next Qtr goes up towards 1.05/107 range at the back of stronger USDX, I am assuming this would be also much lower CADJPY??


Having said that, looking at the daily chart, CADJPY is above all the major daily moving averages, and momentum looks strong.

I would love to see how others are trading this pair.

asad, you also short'ed on SPX?

Hi Ashraf, do you think we need to see close below EUR 13480 level to confirm the 132 as mentioned by michael hewson? Many thanks for RT michael hewson / CMC video w/ Reuters.http://bit.ly/9RerdE

Just wondered i Michael had a more conservative approach.

Once again the GBPJPY hits sub 135 and bounces up like last week... Looks like a stubborn support level here. Anyone shorting at these levels? Just wondering whether there is room for 133??