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189 Posts Total by "macrosam":
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macrosam
(United States)
5 Posts by Anonymous "macrosam":
 
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macrosam
United States
Posts: 190
14 years ago
Apr 1, 2010 12:02
In Thread: GBP
The recent USD weakness is expected. After the golden cross Ashraf pointed out, hit resistance around 82.00 but the recent decline would still leave it ready to bounce off the uptrendline for a retest of 82.00 and then 83.00. The USD cannot go straight up for too long so these short-term pullbacks are expected.

Closed my GBP/USD short. Would look to re-enter GBP short mid-term but not short-term.
macrosam
United States
Posts: 190
14 years ago
Apr 1, 2010 1:02
In Thread: EUR
Ashraf, do you monitor short-interest and how often do you take it into consideration? For example, during this recent countertrend rally from the high 1.32s to the mid-1.35s, would you expect/look for a reduction in short-interest? How would you interpret a reduction, or an essentially unchanged level in relation to forecasting the recent covering rally?

Thank you!
macrosam
United States
Posts: 190
14 years ago
Apr 1, 2010 0:56
In Thread: GBP
Short GBP but a bit more cautious, watching GSP/EUR and think could retest resistance line of what may be a symmetrical triangle in the making. UK growth could surprise relative to EU and wonder if GBP and EUR will start to diverge a bit. UK worse off re: current fiscal position than EU in aggregate but may be more of a medium-term play? Personally (just an opinion) think short-term UK gets a bit a a reward vs. the EU for being prescient enough to decline entry into the euro and that there is no issue of sovereign unity.
macrosam
United States
Posts: 190
14 years ago
Apr 1, 2010 0:50
In Thread: EUR
Greece planning on issuing a USD bond before end of May, not sure if this will be 3yr or 10yr but would expect shorter tenor., reading that may try to raise 11.6bn euros. Falling EUR would benefit Greece cross-currency swap by being able to get more EUR post-convers, ion.
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