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Contra's FX Journal
- Thread starter contra
- Start date
Quote from oldtime:
I might take that EUR/USD, but I'll also put on short AUD/USD long GBP/USD short USD/CAD at 1:1:1:1
that aussie is still looking damn bullish* and s&p is back up near 1400.. and gold...
I took that quick short in london but we'll see what next week brings.
keeping my eye on eur/aud as well.
Those Tokyo players still in see USD/JPY in tight range on 78 this week.
Obon season official start, many out, makers' plants closed down.
Japanese exporters have leave orders trailing higher from pre-78.80-85.
Topside stops mixed in above 78.85, 79.00.
Bids still solid below from other Japanese players, especially pre-78.00.
Downside stops sub-77.90, 77.50-60 but intervention risk high here.
"Bloomberg reporting that China RRR cut postponed as reverse repo doing job.
There were rumours late Friday on Wall Street that PBOC action was imminent
Delay or lack of China action to boost economy could weigh on AUD"
noted... watching equities for sentiment this week with US data for further expectations on FED.
There were rumours late Friday on Wall Street that PBOC action was imminent
Delay or lack of China action to boost economy could weigh on AUD"
noted... watching equities for sentiment this week with US data for further expectations on FED.