Posts by "rkkashmir"

Said,

I cannot believe my good fortune. Closed out all eur, gbp and aud shorts when Mr. Stark stated no saving of Greece. Kept my long usd.jpy open. Closed that today at 92.6.

I live on west coast U.S., so it is 10:30 pm - 5:30 am for me when the daily goosing occur in European session until U.S.

Been flat with limit orders to short eur, gbp and aud at higher prices as at today's 5:00 pm new york time is the cut for the roll on premium on the carry trades. Today those long those pairs receive three days premium. So the Big Fella's will keep these three pairs well bid.

Then to better fortune, the FED minutes were released, allowing for an explosion in eur, taking gbp and aud along for the ride and pounding down usd/jpy. Started shorting eur, gdp and aud a little earlier than anticipated, and long again in usd.jpy because of the mindless explosion.

Want to point out something to you. When Stark's comments came out, the Big Fella Money Maker's Boy Toy eur.gbp was at 89.85 and eur around 1.4355. In one minute, eur.gbp dropped to 89.45 and eur to the lows of the day at 1.4282. After a quick reaction-jerk down in sympathy, gbp went right back to 1.5995, where it has pretty much stayed all day. Yet eur.usd has recovered all the way back to over 1.44. How?

The Big Fella Money Maker's rammed into eur/gbp, their boy toy, too desperately save eur.usd. They were caught long (wrong) again. So the eur.usd rallied 100 plus pips, while the gbp.usd remained stagnant, while gold and aud exploded higher, all in the wake of "bad news" for the eur.usd.

Again I will state who'se really going to be short usd heading into Friday's NFP, especially with the rally in all the majors vs usd so far this week. I don't know how NFP will read, or what the reaction will be. Ashraf says eur.usd 1.42 by early next week. For this to occur, the NFP must be USD favorable in a big way. But what I do know is some to most of the gains this week against usd will be undone from here to Friday's NFP.

Long usd.jpy and short eur.usd.

Although there is no current rally in Gold, the "momey makers" have moved the Jell-O from EUR and GBP to goosing their Boy Toy du jour AUD and NZD. The goosing of these two pairs is temporarily supporting EUR and GDP.

Again, who is really willing to be short USD heading into Friday's NFP? The goosing of AUD and NZD nothing more than a game of chicken. Hopefully the last one out closes the door and turns out the lights when they leave. All this goosing of the Boy Toy(s) du jour simply for the three day roll premium later today? If not before that, AUD and NZD will lose 100 pips before Friday NFP. The only question is: from what nose bleed perch will the 100 pips be sliced from?

The "money makers" are really working hard in mid-Asian session desperately trying to prop the ailing euro. They know it must be above a certain level heading into the European session otherwise 75 pips will be sliced off the eur in a matter of an hour or two. Hence this 35 pip rally we just saw. Kind of like the euro's version of the PPT.

Said,

Is that you turning the lights out on your good friend eur/usd here in the Asian session?

Said

So far no repatriation in jpy in Asia, but it is early. In fact, usd/jpy has actually risen so far in Asian session.

If there is no repatriation in Asia today, USD will start rallying big time. And there wont be much the "money makers" can do to support GBP or EUR.

I agree with "speculator" and Ashraf, it's rally time for USD and nosedive time for EUR and GBP. They ran their stops and had their fun for two days. Not even their BOY TOY eur/gbp can save now!