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from what i understand when they intervene its just a straight US treasury purchase as they flood the market buying us dollars and therefore you see the big spike in all usd crosses.
man they must be talking massive amounts of capital to move the markets like that.
the fun you could have trading amounts like , dont tell me someone doesnt fire off a few options with that kind of information.
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Yeah how many USD does it take to make a move like that happen. I imagine a few SL triggers got taken out.
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"the fun you could have trading amounts like , dont tell me someone doesnt fire off a few options with that kind of information.[/QUOTE]"
Perhaps DA maybe someone at MF Global who are now under investigation for hundreds of millions in missing client money, per NYT may be able to enlighten us
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anyone going to have a flutter on the RBA. should be more fun than the melbourne cup.
if its close to 1.0580 will short with a stop at 1.0630 pre announcement.
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yes although a bit of an anti climax picked up 52 pips also had a short on aud/nzd if it broke support 1.2950
1.05410 1.04881
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hi rod , ive been bulding a short position from around 1.07 , i feel there should be more downside to come as european and us markets react to the rate cut.
i was looking to add before the rba anouncement but no joy.
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Hi DA theres a nice Evening Star on the daily which no doubt you have spotted good call on picking the top!!!!!
i also watching an ascending triangle on the hrly CAD/USD at parity looking to enter if breaks upward
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hi rod , i have one eye on the sp500 , its sitting on a key support pivot at 1240 if we are going to rally it could be from here, if 1240 fails then we should see more risk liquidation which will fuel nzd and aud shorts.
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Hi DA you were right about 1240 level on SP , I exited the cad trade with 88 pips as i saw shooting star on the 15 min
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im happy to close aud shorts, 350 + 320+ and nzd 95 +,
should see in the next couple of sessions if the bear is back on or the bulls are ready to run from here.
really reading conflicting signs on longer term direction so i will stay neutral.
sp 500 key level 1225 to keep the impulse move alive.