Forum
Posts by "cat0nip"
1999 Posts Total by "cat0nip":
72
Posts by Anonymous "cat0nip":
later the FOMC minutes I think will not confirm QE3 good opportunity long USD
he said he expects an increase in commodity prices to create a transitory boost in U.S. inflation and that the central bank would act if hes proven incorrect.
That is not possible. Dr.Ben is not provable incorrect. Transitory can mean 10 years.
For commodity traders a difficult to assess situation. Oil? Politics & FED.
But silver.... looks like to go pop any time. I take a short in XAGUSD @38.6
a: does not reduce inflation
b: increases M3
c weakens Euro
Thus my bet is after ECB rate decision assumed 25bp hike short EURUSD around the peak 1.43
Although economists see a hike as a big mistake as PIIGS economies continue to go down.
I expect 25bps hike thursday accompanied by essentially dovish comments from Trichet
would make a good short entry from about a peak 143
It may still be a joke because Korea is said to have bought Euro .
I noticed however JPY was bought, too.