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Posts by "callum"
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Posts by Anonymous "callum":
Thanks, Callum
Anyone got any idea why cable fell but GBPJPY still looking very stubborn?
This time, is this because of the Moody's report on AAA rating for US and UK?
Naively, sounded more of the same on the RMB appreciation and no mention of lending rates. Inflation worries in terms of what actions they plan to take, did he sort of not answer it directly?
Scary stuff !!!
It will come down to timing and the short levels. I am a little concerned about the 123.80 level.
Currently, I am watching the EURUSD carefully, and as unlikely as it seems, suppose it manages break above and head into 137 (now just above 13670), EURJPY should move up and possibly make a run into 124. Also, the pre-Aust open has a tendency to push things higher, and if that happens today, it could again push this higher.
What's the implication of this 27-bp hike? Stronger $USDX?