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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Remaining longs closed at 1.3680.
Now standing by. Needs to reassess situation.
got 81f currently with 12 knot w. from east..few clouds..beaches fillin up wid deh fox
DaveO u there?
what if PBOC FAILS to replenish interbank market?
The SHIBOR is critical for short term biz credit rates and also for mortgage rates.
we cannot trade SHIBOR but its effects: wti short brent short copper short aluminum short
imo PBOC is very far behind the curve too much political directive in PBOC policy...never good.
given the yield differential however EURUSD should be higher ...anyway I will start to hedge short if EURUSD breaks 1,35
Its my belief that banks rule the world, always have done and always will do. They have more power than politicians.