Comments on: Japanese GDP shrinking.

By: S&P lowers UK outlook. | fxmadness.com

S&P lowers UK outlook. | fxmadness.com — Thu, 21 May 2009 17:28:02 +0000

[...] in a ferocious manner. Of interest to me was Pound, especially because of the trade suggested just yesterday. GBP fell like a rock on the news, 300 pips against USD and JPY. My own trade in EUR-GBP also [...]

By: admin

admin — Thu, 21 May 2009 16:27:36 +0000

I salut your optimism,Andy, it is contagious. I did the same, see next post.

By: admin

admin — Thu, 21 May 2009 16:25:02 +0000

Renata, nobody really understands it (as far as I know). Journalism at work.

By: Andy

Andy — Thu, 21 May 2009 09:30:49 +0000

What a plunge of the pound! I’m going to add some right here and hope gbp recovers soon.

By: Renata

Renata — Thu, 21 May 2009 08:10:47 +0000

I don’t get it. If Japanese economy is deteriorating so fast and they are so much in debt, why do we always read about “safety” of japanese Yee. It doesn’t make any sense.

By: admin

admin — Thu, 21 May 2009 04:20:14 +0000

Heather, yes, that is my objective. For now.

By: Alex

Alex — Thu, 21 May 2009 03:59:36 +0000

You are right about CNY, mate. It must be detached from regiment from CB before it is even considered a reserve currency. And this does not happen overnight

By: Heather

Heather — Thu, 21 May 2009 03:56:54 +0000

GBP/chf made good progress, too. Hope it continues. Is your target still 1.8200 oe so?

By: admin

admin — Wed, 20 May 2009 19:23:42 +0000

Hard to say, Andy, but 0.8000 is not out of the question. After that, a review. Unfortunately, market doesn’t move as fast as it did just couple of months ago. So it could take fairly long time.

By: Andy

Andy — Wed, 20 May 2009 19:08:41 +0000

All right Mike! Back in business on eur/gbp. How far do you think this can go long term?