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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
Would it be a good idea to short Aud/Usd now 0.9030
So im thinking and please anyone correct me if im way off here, it doesnt matter what happens aslong as we don't get a 'global' double dip, which is looking more and more unlikely, (im also thinking here that all the bad news has been built into the prices, born out with what happened to amazons share price on worse profits report last week, for example, the share bounced back within the day)
Also, (sorry im making this a novel) the bank stress tests in europe although laughable shows the banks in as bad a shape as we all suspected, which is good, atleast they arent any WORSE than we thought! is this yet to show up in price action. I think what im saying is although USA is in a hole that might take them the longest to crawl out of, barring a major default (california???lol...Spain???) this could be great for oil bulls and a usdcad short , Question wouldnt it be better to play CADUSD long AND cheaper ??? (because of interest charges???)..
http://bit.ly/920r5L
Ashraf
Ashraf
Ashraf