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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (23152)9/27/2009 7:44:00 PM
From: maceng2  Read Replies (2) | Respond to of 71416
 
Covered. Now slightly long on the GBP/USD and slightly short on the EUR/USD. Probably should be the other way about, but sometimes I think it pays to be bit random.

Playing the same game again short the GBP/YEN and EUR/YEN. The former hit the target again within minutes. Covered some of the EUR/YEN. It's down +121 points at the moment.

opps nearly forgot. Gold up nicely 993, silver recalcitrant at 16.0+



To: RockyBalboa who wrote (23152)9/28/2009 2:29:49 AM
From: RockyBalboa  Read Replies (2) | Respond to of 71416
 
Fujii says currency moves becoming one-sided, USDJPY edges higher, Fu
Mon, Sep 28 2009, 03:35 GMT
forexlive.com

In his latest comments, Hirohisa Fujii said that currency moves were becoming one-sided in favour of a rising Yen, and that he was watching the Yen's rise carefully. He said he favours stable currency moves. Seems he has changed his tone a bit after such a big move. USDJPY has moved up thru 89.30.

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More carnage in USD/JPY and JPY crosses
Sun, Sep 27 2009, 23:14 GMT
forexlive.com

The comments from the new government that they will not intervene in FX markts are obviously being seen as a challenge by the market. USD/JPY has suddenly become volatile again and looks likely to fall further. GBP/JPY has been a big whipping boy today, falling 325 pips from session High to Low. This selling is all stop-loss driven and also speculators jumping on board so watch for some sharp rebounds. If you're on the right side of this, congratulations.