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GBP/JPY Trading 2008
- Thread starter ForexPro
- Start date
Quote from atticus:
Just bought the 1/22/08 9am EDT 213.00 upside touch at 48/100. Long per the index model, so long carry by extension. Vol is cheap in this relative GBP strength. Buying GBP against all crosses. GBPCHF from 2.1680. Long GBPJPY from 211.00 basis the touch exotic.
Not feeling this one. Covered the touch at 38.
Presume you mean you paid 4800, to win 10,000?
Interesting developments today:
No interim rate cut.
Market is factoring in a 50bps cut,but mkts tank.
FED say "no inflation"
Cant really see a catalyst for equity markets, or the carry trades as a proxy to rise. Their will be a repatriation of assets due to risk, and GJ will go one way.
Interesting developments today:
No interim rate cut.
Market is factoring in a 50bps cut,but mkts tank.
FED say "no inflation"
Cant really see a catalyst for equity markets, or the carry trades as a proxy to rise. Their will be a repatriation of assets due to risk, and GJ will go one way.
Quote from ForexPro:
Presume you mean you paid 4800, to win 10,000?
Interesting developments today:
No interim rate cut.
Market is factoring in a 50bps cut,but mkts tank.
FED say "no inflation"
Cant really see a catalyst for equity markets, or the carry trades as a proxy to rise. Their will be a repatriation of assets due to risk, and GJ will go one way.
It was bigger than that. That's how it's quoted.
Quote from ForexPro:
Cant really see a catalyst for equity markets, or the carry trades as a proxy to rise. Their will be a repatriation of assets due to risk, and GJ will go one way.
ES was up 15+ overnight and I took a GBPJPY touch to 212.50 for a 50% gainer. GBPJPY should be trading ~200 based upon equity fallout. It's telling that it's holding up as well as it is.
Added to short at 210.5 st 212 tp 209.5
Futures have rallied since yesterday, fueling speculation that the carry-trade will come back into fashion.
Obviously, i think the markets might have a snap rally, but i expect it to be short-lived. The nature of a bear-market is short the opens, buy the close, lets see if this happens today.
Futures have rallied since yesterday, fueling speculation that the carry-trade will come back into fashion.
Obviously, i think the markets might have a snap rally, but i expect it to be short-lived. The nature of a bear-market is short the opens, buy the close, lets see if this happens today.