DEAR READER
I SUPPOSE YOU AREV ALL OUT OF THE YEN TRADE. AS A LOW I HAVE SEEN 149.15.
THE LAST TIME I DID BUY SOME USD CAD AT 11040 AND HEREBY I WOULD LIKE TO ADD ONE MORE LOT AT 10817. aLSO TODAY WE HAVE THE BOE OUT WITH AN INTEREST RATE DECISION. ALTHOUGH GENERAL EXPECTATIONS ARE THAT THE BOE WILL NOT MOVE I DO NOT EXCLUDE, SEEN THE LAGGING POSITION OF THE UK IN ECONOMIC RECOVERY THAT THEY MIGHT DO SOME EXTRA QUANTATIVE EASING OR LOWER THEIR BENCH MARK RATE FROM 0.5% TO 0.25% AN OTHER PROBLEM IN THE UK IS THAT THE BANKS DO NOT LEND THE EXTRA VASH RECEIVED FROM THE GOVERNMENT TO THE CONSUMER/CORPORATIONS BUT RATHER PLACES THE MONEY ON DEPOSIY WITH BOE WHICH PAY THEM 0,50%, NICE! HENCE TAKE A SHORT CABLE HERE AT 16517 WITH STOP LOSS 16550
REGARDS
PETER
Thursday, September 10, 2009
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