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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST! -- Ignore unavailable to you. Want to Upgrade?

To: CapitalistHogg™ who wrote (124)	5/10/2007 7:49:59 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 247

Going not to get lost.... the GBP pound is a little down after the expected rate hike, despite it neared dangerously to the old buy point at 2.00. It didn't make it. On the other hand the zero was not that strong so the EUR cross fell back to 0.6800 when I expected some boost. So is life. The carry trade stopped somehow but now the EURJPY gears towards 163 so perhaps another round is necessary... it is clear that the Yen is very weak well ahead Y120. Some Euro acceleration and the EURJPY will see new highs. The japanese currency is not following suit any of the dollar weakening actions. As supposed the BOJ is not doing anything.