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02/11/10

Discussion in 'Market Predictions and Reports' started by cowmadagan, Feb 10, 2010.

  1. cowmadagan

    cowmadagan Sergeant

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    I expect the EUR/GBP to drop by about 50 pips from the time of this posting to 6am EST.
     
  2. manneke

    manneke Private, 1st Class

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    expectations

    did not happen,and does not look probable to happen in the next future, gbp is very weak .
     
  3. cowmadagan

    cowmadagan Sergeant

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    yeah...my bet was actually on the relative weakness of the Euro..I didn't anticipate the Aussie employment data to be good enough to boost the Euro.
     
  4. manneke

    manneke Private, 1st Class

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    euro

    euro is indeed weak,but gbp is even weaker for the moment
     
  5. cowmadagan

    cowmadagan Sergeant

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    I was off by an hour.
     
  6. manneke

    manneke Private, 1st Class

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    gbp is becoming lately weaker than euro, even with crisis from greece,quite intresting.I wonder why?
     
  7. cowmadagan

    cowmadagan Sergeant

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    I'd say the better way to look at it is that the gbp was in a leading mid to long term profit taking phase against the usd, and it was out of sync with the euro which lagged.
    In other words, until the world gets the heebie jeebies about the US deficit (hasn't happened yet), I expect further weakness in EUR and GBP, and possibly CHF, and any strength is profit taking phases.
    Also, I recommend doing what I'm doing which is switching short term to JPY crosses instead of USD. It seems that Japan has far less it can actually do.
    That said, I know Japan has done an intervention as recently as the 90's to the tune of ten damn yen against the USD in the course of an hour during lunch hour.
    Fact is, the JPY and the USD are quite similar, as they tend to do the same thing in all pairs, unlike how the EUR will gain against the USD but drop against the JPY while USD/JPY will flounder. blah blah blah
     
  8. Ricex

    Ricex Sergeant

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    I would guess that it's politics. The British are expecting a general election call sometime in May and the outcome is suspected to be a hung parliament.

    I would expect to see cable trying to preempt the result, no different to how other currencies move before big news events.
     
  9. cowmadagan

    cowmadagan Sergeant

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    *Putting on an Ali G accent*

    Wehw...'ow is it dat jus becos dey's votin da same dat dey knows dey's all gots huge dongs?
     
  10. Ricex

    Ricex Sergeant

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    ........... respek innit
     

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