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Posts by "rob"
366 Posts Total by "rob":
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Posts by Anonymous "rob":
Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.
Any thoughts about whether the BoC will be hawkish or dovish tomorrow morning. I went long USD/CAD just below the 1.0470 support mentioned in the IMT. Perhaps I was a bit premature, although the support seems to be holding somewhat; we'll see. Thanks.
Ashraf - I wonder if the SNB thinks the way you are. That is, if they don't support it, it will act like a downhill skier. I'm sure they don't want that, and hopefully realize it, because I went long. Thanks for all.
BTW - is it really feasible that the SNB can intervene so often? I don't know a hell of a lot about central banks and there balance sheets, but I would think they'd have to succumb to market pressures at some point. And there floor is obviously drifting lower (although 1.4600 does seem to be the cut-off). Any thoughts? Thanks again!!!
What will your hours be for the Expo in NYC? Are you there the whole time from Sun. to Tues.? Hope I get to stop by. Have a nice trip over!