EURO!
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^^
incredible 1 day gain
people were short euro last week
China data, eurozone growth forecast, Basel 3
risk on
USD/JPY
PM Naoto Kan may beat Ichiro Ozawa
likely currency intervention with Ozawa win
Last edited by uls; September 14th, 2010 at 10:21 AM.
Hehehe kawawang Japanese exporters... I heard Toyota is losing JPY30B in profit for every 1 Yen move stronger against the USD...
But isn't the PHP also going up against the USD. Or maybe the JPY's advance is faster than the PHP's advance? Sorry I don't monitor JPY/PHP...
mahal parin tidus
we consider yen cheap pag nasa mga .48
ngayon nasa .53
SWISS FRANC!!!! Now stronger than the USD * 0.9966 as of this posting. Hay at least meron ding capital gains, I have some CHF pero its a very hard currency to invest very few investment options...
yep
check out gold, yen
spot gold
USD/JPY
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Last edited by uls; September 15th, 2010 at 12:45 AM.
Bakit kaya? The USD is getting hammered. Stocks are muted. Pero grabe mga moves FX... Everything that is not USD is rising. More so the Euro and the Swissy. Yung AUD watch out for that at 0.96 malapit lapit na...
yep
everything is up against the USD
CHF, EUR, AUD, GBP. JPY, CAD
--
NYMEX crude
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i don't know if this has to do with it
Goldman Sachs says the Fed will do $1T QE in November or December
Goldman says Fed will be forced to buy assets in November
caused dollar selloff
--
the market senses USD debasement (QE2) coming
what to do?
sell USD, buy gold, AUD, CAD, CHF
and that's exactly what the market is doing
Last edited by uls; September 15th, 2010 at 01:40 AM.
BOJ intervention happened 10:30 Tokyo time
USD/JPY
last intervention was in 2004
Last edited by uls; September 15th, 2010 at 11:57 AM.
CORRECTION lang yan... Unilateral interventions like that never work to fix the problem they just send short term shocks...