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241 Posts Total by "callum":
177 Posts by member
Callum
(Singapore, Singapore)
64 Posts by Anonymous "callum":
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Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 13, 2010 5:05
In Thread: Commodity FX (CAD AUD NZD NOK)
@nzvik - this would be the 3rd time (Nov, Jan, and this week) we have AUDUSD went over 93, failed above 94, and subsequently pushed lower. There seems to be something about AUDUSD hitting above 93, when RBA and others come out dovish, and start to talk down on interest-rate expectations. I had some longs since last year, I closed out everything above 93, and now, totally sidelined right now. Initial thought for me is to re-consider LONG should AUDUSD breaks 94, in which case, I'd wait for a pull-back. In meantime, I am short on AUDJPY, with initial target of 85 and then see if it breaks below 84.80, and then target around sub-83 as next support.
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 12, 2010 7:10
In Thread: JPY
@Dodger - Very interesting that SHA is in RED while other equity markets are still in green eg, HK and ASX, and so far, no immediate reaction on USD/JPY.... I guess market can is too busy processing Greek story for now ....
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 11, 2010 22:35
In Thread: EUR
With EURUSD above 136 in early open, is it downtrend over, esp with the Greek bailout?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 11, 2010 11:00
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
What do you guys make of China's $7.24 bln trade deficit announced this weekend? This sounds like its in line expectation of negative expectation. Somehow, I am guessing this is ammo they need to slow down the RMB appreciation pressure and potentially also rate hikes. Is this considered negative for the equity markets in China, which could propagate across US, and also potentially in commodities?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 23:51
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
With a Friday DJI close over 11000 and SPX just under 1200 - how do you guys read this?

Will this pull in more buyers? Or does this form a psychological level for people to take profit and ride down before fresh putting bids?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 18:17
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Appreciation and Raise Rates at the same time? That's be like murdering Chinese economy??

There's plenty of China economic data coming out next week. I understand the expectation is much lower than previous. I am guessing this would be a "show" needed avoid raising rates. If they genuinely intended to raise it, they would have done so already. Don't they have to get a print of CPI over 3 first to raise rates?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 18:11
In Thread: EUR
There's plenty of China economic data coming out next week, and I understand the expectation is much lower than previous. I am guessing this would be a "show" to avoid raising rates. Also, don't they have to get a print of CPIɯ first?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 17:50
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Is Gold is going to go up if Chinese appreciate their currency?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 17:03
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Gold breaks 1160, does this now open up towards the 1220 given it taken out??

I am short around 1130 levels so just wondering if anyone could share views on whether to keep or cut-loss now.

Anyone know what's behind these big Gold moves?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 9, 2010 11:51
In Thread: S&P500 / VIX Ratio & USD LIBOR
@catnip - I find this a hard to imagine the notion of failure in "Chinese bill auctions". Failure is not an option.
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