Trade the waves~

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Trade the waves~

Elliot-ish.


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    28 sept - 2 oct

    Rd
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    Rd
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    • Post n°1

    28 sept - 2 oct Empty 28 sept - 2 oct

    Post by Rd Mon Sep 28, 2009 4:30 pm

    “Markets are clearly showing signs of weakening,” said Robert Rennie, head of currency research at Westpac Banking Corp. in Sydney. “For the next couple of days, you are going to see a downside in risk currencies. The dollar can benefit.”

    I feel the dollar will be gaining really soon too. Time to watch EU.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=alkFMKTYVfnY


    Last edited by Rd on Tue Sep 29, 2009 1:16 pm; edited 1 time in total
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    • Post n°2

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

    Post by Rd Mon Sep 28, 2009 4:32 pm

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aGjZvd_1X26E

    The pound will probably continue dropping...
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    • Post n°3

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

    Post by Rd Mon Sep 28, 2009 4:34 pm

    http://www.bloomberg.com/apps/news?pid=20601109&sid=ay1p8lQRMSEI

    I'm not sure if yen will continue to rally all the way... Maybe it will start to slow down and move sideways soon.
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    niea
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    • Post n°4

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

    Post by niea Tue Sep 29, 2009 12:52 pm

    U may need to change the title date to 2 Oct... Razz

    Japanese Finance Minister mentioned something about not going to let Yen strengthening...
    This guy always flip flop on whether to intervene or not on currency control

    http://www.dailyfx.com/story/currency/jpy_fundamentals/Japanese_Yen_Momentum_a_Combination_1253930165665.html
    >> Yen might head back down slightly (this is already being seen currently)

    Dollar having issue with alternative for reserve currency
    >> Where would dollar head then?

    Some key point on Pound
    - BoE Mervyn King says the weak pound “will be helpful” in supporting a feeble recovery
    - Upcoming spending cuts and speculation of a cut in the deposit rate means the BoE is running out of options
    - The Bank of England minutes show a unanimous vote to keep the bond purchasing program at 175 billion pounds

    >> Pound to head down? seems to be showing in GU and GJ
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    niea
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    • Post n°5

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

    Post by niea Tue Sep 29, 2009 12:59 pm

    Among important news for this week:

    Today 29/9 (Tue)
    - GBP GDP at 8.30 am GMT
    - US Consumer Confident (Sep) at 14.00 pm GMT

    30/9 (Wed)
    - USD GDP Price Index at 12.30 pm GMT
    - JPY Tankan reports at 23.50 pm GMT

    2/10 (Fri)
    - USD Non-farm Payrolls(NFP) at 12.30 pm GMT
    - USD unemployment rate at 12.30 pm GMT
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    • Post n°6

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

    Post by niea Tue Sep 29, 2009 2:43 pm

    I'm not sure about dollar but for today yen weakening on the news Japan intervenes their currency control
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aPQmc_tu_T9g

    and because yen weakening... seems like pound maintain for awhile
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    • Post n°7

    28 sept - 2 oct Empty Re: 28 sept - 2 oct

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