Forum Posts by : callum (Forum Member)

Callum

Singapore

Posted Anonymously

14 years ago

Mar 10, 2010 22:03

In Thread: Commodity FX (CAD AUD NZD NOK)

@Pipped, so that I think the unemployment report in Aust has consistent in exceeding expectations, and if today's report be anything like previous, AUDUSD would shoot up at release and also just before EU open. I think the market seems to get desensitized about how they count it but that's a different debate. Maybe RBA won't have much hard work today to take it into 92, and more speculation of another rate hike....

I feel relieved to some out of Gold shorts, and breakeven on shorts on AUDUSD and NZDUSD.... (still have plenty of reds with bet USD positions on other pairs)

Callum

Singapore

Posted Anonymously

14 years ago

Mar 10, 2010 13:39

In Thread: GBP

GBP JPY seems to hold much better around the 135 than against the USD. Does this look like a better short given risk aversion would drive both JPY stronger coupled with on-going GBP weakness?

@Pipped? you looking at GBPJPY for re-entry also or just GBPUSD

Callum

Singapore

Posted Anonymously

14 years ago

Mar 8, 2010 4:03

In Thread: AUDNZD Looking for a Turn

@rkkashmir - I would love to see your views on where the AUD pairs get to this mid-week and catalyst for further upsides. We should be getting more from China today and this week, which I suspect could weigh in heavily.

Are *you* putting in any fresh long positions?

Also, what's your call on AUDNZD, do you see a breakout of last week's high and heading to last high of 1.36 in year 2000? The RBNZ could has interest-rate decision coming up, which could potentially follow Aust. In the past few events, we have seen sell-off of the AUD against the NZD.

Personally, I am looking forward to AUDUSD go to 93 to get my to close my LONG positions I am holding since late last year. I don't mind holding all my other pairs shorted against USD.

Callum

Singapore

Posted Anonymously

14 years ago

Mar 6, 2010 7:33

In Thread: USD

I am surprised that such a better than expected US data didn't get everyone talking about early interest-rates hikes in the US, and thus, relatively soft / muted response to the USDX. This certainly been topical up in December 09. USDX going down, does that really mean there's a come back of risk-appetite, or are these signs of short-covering, and some relief on overdone net-shorts in EUR? So far, no major breakouts of upward resistance levels or highs of this week, eg, EURUSD, Gold to suggest we have any significant levels of risk-appetite back other than what the equities are doing.

Where do we go from here in the next couple of trading days? So Mondays generally have been stronger commodity story, weaker dollar.

Even the Greek story seems a little overdone and stale - is this really providing much of a relief to risk appetite?

I'd love to hear your USDX plays for Mon/Tue next week.

As for me, I am net-long (more longs than short) on the AUDUSD since late last year (mostly for carry and cover my shorts in case AUDUSD does mount a rally to 93), and early next week sounds like some opportunities for profit taking. I am also net-short on EUR and maybe a chance its time to take profit on the long -- I was ready to cut losses on my small longs if NFP went ugly. I was net long on GBP after last weeks fall (very small amount with intention to make some money on retracement) and just happy to see that spike up in the very last leg of Friday, and I am closed with small profit- phew!

Callum

Callum

Singapore

Posted Anonymously

14 years ago

Mar 5, 2010 14:12

In Thread: Aussie Dressed up but where to Go?

@bluecheap, I am shorting AUDUSD at the these highs. Wait will US open and exp stocks to shoot up. Then comes $$$. That's my plan. Also see Ashraf's tweet. AUDUSD testing 100 day MA.

Callum

Singapore

Posted Anonymously

14 years ago

Mar 5, 2010 4:19

In Thread: Commodity FX (CAD AUD NZD NOK)

Nick Bennenbroek, head of currency strategy at Wells Fargo, was on CBNC Asia/Squawk Box Australia today, his take on AUDUSD next week? 91/92

See videohttp://bit.ly/a0HzWr Can you catch his hesitation as he says this, relative to his pitch / tone on cable, or even on NFP related topic. :-)

Callum

Singapore

Posted Anonymously

14 years ago

Mar 4, 2010 18:33

In Thread: More Euro Losses Ahead

I'd hate to digress from the subject of this forum, but I felt compelled to share an opinion because there is no need for personal attacks.

I would like to hear everyone's opinion on the market, its movement, etc. We have seen some good examples of people on this forum that have taken short-term positions against overall macro trend suggested by Ashraf; some if taken advantage to cover, and have profited from it. I also enjoy reading everyone else inputs on this forum too!

Ashraf has said before, this isn't a signal service. Ashraf as for his insights, does a fantastic job, provides a level of insight far beyond anyone else I have yet to come across, and I am really very grateful.

God bless his soul !

Callum

Callum

Singapore

Posted Anonymously

14 years ago

Mar 2, 2010 12:03

In Thread: AUDNZD Looking for a Turn

@Pipster - To your question, what would get this pair lower? Risk aversion. Major sell-off in Gold. Stronger USD. Ashraf has calling Gold 1020, in-turn, will drag AUD to its knees.

Callum

Singapore

Posted Anonymously

14 years ago

Mar 2, 2010 7:56

In Thread: Commodity FX (CAD AUD NZD NOK)

@trader, I understand RNZ hike expectation was mid this year.

If you are worried about your existing shorts on AUDNZD, give it some patience. Ashraf has more details on rationale for short. I remind myself by looking at the monthly chart and notice that AUDNZD so far hasn't broken 1.30 psychological level or July 08 high around 1.2965. It could be a grind for AUDNZD to get to another 30 pips from 1.2935 at the time of writing. Wait for Gold to drop or even EURO, and AUD will come down with it.

Even if it does break 130 and holds today, it will be on tomorrow's newspaper in Australia, and it will be a story everyone will talk about, and could open up room for more buyers? That makes it even better time to position shorts. It hasn't happened yet, so let's see.

Callum

Callum

Singapore

Posted Anonymously

14 years ago

Feb 26, 2010 10:53

In Thread: GBP

@AVG, I won't call it totally strange. You may have noticed that the pair moved up a bit ahead of the news, and the data wasn't exactly a blow out to give a significant pop . As for my own trades, I was able to close out my longs I had placed much earlier (SG morning) with a few pips. There are some tier 1 US data ahead, so, I am sitting on the sidelines as the GBPUSD pair flirts around the mid 1.52 region.

Posts by "callum"