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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:
GBP
Discuss GBP
it's same everywhere CBs should by all menas be independent of whatever politics but are not independent. I observe that as a great risk. If currencies were gold backed one could substitute
politicians with moderate AI and no one would note a difference. With fiat money one could substitute politicians with low-grade mediocre AI and many would note a difference.
Today's Bernanke's testimony can provide some USD boost as it was in the past months. But I think it will be again the guessing game whether it's more risk-on or more interest rates hike speculation if the US data will be positive. Maybe Ashraf can shed some light into this :) So far the Yen pairs suggest more risk-on.
Peace all.
Hajdar
That's my opinion, but I'm not trading anything right now since I promised myself I'd stay out of the market for a while. Man, I suddenly feel at peace, but then I see these formations and again wish I was in the market.....I'm damned...never satisifield.
Hajdar