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Posts by "rpats"

12 Posts by Anonymous "rpats":
 
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rpats
London, UK
Posted Anonymously
15 years ago
Aug 22, 2009 18:46
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
spec,

I don't agree with you there, If BoE wanted to maintain trade deficit levels from when sterling was 1.35, they would've put the brakes on before it reaches 1.70.

I am sure BoE want to keep sterling value high with these spikes in oil and commodities.

It all comes down to affordability and price parity mate.

Also I can't help chuckling at your comment on sterling not a safe currency - what makes you think dollar's safer then sterling?

unless you had tea with Mr. King this morning your statement on what BoE is trying to do is very strong :)

Thanks for you perspective, but on this one... I'll stick to mine.

Ravi
rpats
London, UK
Posted Anonymously
15 years ago
Aug 22, 2009 14:53
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Hi Ash,
My first comment, but please excuse my contradictory view on Cable.

Have you heard of an ant or a spider... it does fall but keeps trying everytime 'cos it has a goal in mind, when it reaches first goal it rests for a bit, then starts climbing again....
higher the magnitude of the climb and the faster it climbs the more it rests.

In psychology we learn that a human brain needs to rest atleast 25% of any give time.
so going by this principal, the journey from 1.35 to 1.70(25.92%) took 196 days.
so cable may rest for another 49 days and consolidate upto 1.6125.
but on the 50th day it'll be very close to 1.70 and may have crossed this level already.

Please excuse my ignorance over technical numbers and levels etc. but these are my views and i am purely going by human physics and psychology after all humans made this market.

Ravi
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