Hi Ashraf - Im not too familiar with this pair...so just want to clarify your advocating a short NZDGBP trade on falling risk appetite? Would that not boost GBP? Or is NZD a pure risk ccy
Qin the american consumer are going crazy with their credit cards and unemlpoyment checks...this market seems to be on some kind of crack...just ignores all bad news ( massive budget deficit etc unemplyment to hit 10%)
Spec im hoping for further GBP weakness got 1.62 strike puts in my p/folio...The current GBP strength has no fundamental basis ( a bit like the current equity rally)
re: Oil - I have been playing it intra-day for the last few weeks, and thing I have noticed is the lack of momentum or vol...The 200 day MA mentioned by Ashraf is acting like an electric fence...everytime the price breaches or heads near that level it jolts back down
Woe betide...Moe you aren't the only one feeling the pain of GBP strength...my cable puts are massively underwater...i am hoping ( maybe foolishly) for a USD recovery next week now...and GBP collapse
Hi Ashraf - What are your views on a convergence trade b/ween USDCAD and USDNOK. BOC has stated that they will intervene to revent a strong CAD, plus they could be starting QE later on which would surely effect this pair. On the USDNOK side Norway seem to be coming out of recession quicker than others and Norges bank have maintained a anti inflation stance by having a higher i-rate than other natiosn/trading blocs...so to summarise long USDCAD v short USDNOK
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
Thanks
Gunjack
re: Oil - I have been playing it intra-day for the last few weeks, and thing I have noticed is the lack of momentum or vol...The 200 day MA mentioned by Ashraf is acting like an electric fence...everytime the price breaches or heads near that level it jolts back down
What in your opinion do you think could cause a genuine break of the 200 day MA in VIX and Oil...could the raft of data coming out tmrw do the trick?
Gunjack
Thanks
Gunjack