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Oil to Underperform Metals
Forex, oil, gold & equity implications of rebounding Gold/Oil Ratio.
Ashraf
Ashraf
How comes you were so bearish on the Pound when you issued the pole so recently.
Cable seems to be maintaining strength.
Taha, too many doubts with UK banks being furthe nationalized and with the recession not expected to diminish any time soon. But the biggest problem with sterling is the recrod public debt and borrowing of guilts (bonds).
Ashraf
Could you answer the question , Why the Gbp was the only currency that did not surpass its 200day MA against USD ? .
Taha
G
Ashraf
Speculator, i linked that story in my twitter. It's not the first time British economic data gets it wrong. Obviously the errors put a dampener on sterling's recovery. Ask yourself why is it that GBP was the only currency that did not surpass its 200day MA against USD.
Cappy, USDJPY showed one of the biggest declines in any pair this past week. Yen rose across the board (see my IMT about yen strength and falling stocks) and dollar was a big loser.
Ashraf
Do you think USD/JPY is headed south? If so, why do you think so and how far down do you think it will go?
Thanks ahead of time for any comments,
Cappy