Posts by "callum"

do you think the previous key resistance of ~1150 become a key support or freight train scenario.

@chloe - I am also deeply concerned (because of my shorts on EU GBP CAD etc) about the US seemingly trying to do "whatever it takes" to drive USD lower, so that exports look better before the mid-term election, even if it means a full fledged trade war with China. I struggle to tell who's the currency manipulator. If you owned $900B of US dollars, and would you be easily forced to see it go down? It be such a loss of "face" to China if they appreciate RMB because of current US tactic. I am guessing here, but feel that RMB would appreciate in its due course this year, but immediate question is, when would China raise their lending rates....
As for UK/GBP, maybe I am need to consider doing what Jim Rogers is doing. I was watching him yesterday and noted that he doesn't have any long nor shorts on GBP.

Interesting article on bloomberg

VIX Doesnt Work as Signal for #Stocks, Laszlo Birinyi Sayshttp://bit.ly/diFr9v

Westpac's target of 93 in March looking like closer than ever now that AUDUSD breached above 92 handle... Is this break above 92 a big deal?

Just curious whether traders are propping ASX until it reaches 5,000 level?? Kudos to those Westpac guys this month!

I am also curious if there is some fundamental shift here given that this month neither good jobs at NFP, retail nor relatively predictable FOMC mounted a significant rally in the USDX unlike earlier months this year??

@chloe, @pipped, even the S&P500 seems to pushing above 1150.... Scary !!! Let's keep our fingers crossed and hope for for the best out of the FOMC ... and maybe the BOE speech also...