Posts by "callum"

Interesting video, Goldman Sachs's take on Japan as next place of debt crisis:http://digg.com/d31KBlL?t

It's also interesting to note of GS's view on raising JPY as safe haven.

@newpip - playing the RBA rate hike is a fun but tricky if you plan to trade around it. I normally notice that the days/hours before the rate decision, AUDUSD climbs up close to an extreme point, and right at the announcement, it could go in either direction, and usually downwards. Even if they raise the rates, it could still come down based on the commentaries. If rate's don't raise, expect a sharper sell-off. Even if AUDUSD goes up, it could be capped given the bigger move ahead of announcement. To play the RBA poist-announcement, the ASX has a more stable, predictable reaction. As for Gold and AUD correlations, their timings aren't always synchronized. For example, a sharp fall in Gold would drive AUD lower, but a sharp fall in AUD doesn't always drive Gold down, and a sharp raise in Gold doesn't always drive AUD higher.

I am shorting EURJPY and prepared to hold it for major rebounds.

UK GDP data came in better than expected, yet initial reaction was downward. Sounds like it wants to get prepared for a spring up??

@jj I am on short with gbpusd in anticipation of King speak and the tier 2 economic data at 0430 ET - Business Investment (QoQ) which also came in -5.80% vs fcst of 0.20%. Strangely, soon after breaking below 153, it bounced back into the 153. I am also looking to see how much does it retrace upwards at NY open as per Ashraf's IMT

Callum