hmmm jobless claims up again same with carries this number is quite bad guys, Dow's looking at a 100+ point gap down tonight

Auslanco - GBP/JPY and GBP/USD (newstrade)

better question should be what if dow doesn't recover? the FOMC statement wasn't even as hawkish as what Benny said in the previous 2 weeks and the down tumble 100 points. Downside risk to growth has diminished.... yeah right.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I know this isn't part of the thread but look at E/J, investors sure are enthusiastic about a Euro rate rise series. You think this bullish attitude will last? Trichet has kept his 4% for a long time now even when previous announcements were very ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

daily AO is also showing a multiweek bearish divergence as well.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Scrat, I really think that single tiny pink bar on the histogram is virtually meaningless. Would put much emphasis on it being a point to use as a potential divergence.

Auslanco - GBP/JPY and GBP/USD (newstrade)

while i do agree that there are certain levels where bounces will inevitably occur whats become extremely odd these last few weeks is that these bounces have turned into 168% retraces at the very least making it a very sharp turnaround rather than ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

this is all i can say for Benny's inflation verbose. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Easy, the yen keeps getting hammered due to Bernankevention. First it was the Bear Stearns rescue, then the Treasuries lending, then the TAF and then the TAF again, and again, and again Now its his interest jawboning competition with Trichet. Whats ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Oh my charts are telling me that the next great fall is less than 2 days away, something in the order of 1k pips. Its all the Benny verbal garbo that keeps this thing in this pathetic range

Auslanco - GBP/JPY and GBP/USD (newstrade)

Benny deserves to be shot, he panders too much to nanna ping pong

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hey lilmoe, what level is your crapper painted at?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Look at the bond yield again dogol. Fed Funds have already FULLY PRICED IN a 75 bps hike by Dec 08. If there is any whiff that the feds are unable to hike by that much in the 6 months timeframe then the $ will go down. This issue has nothing to do ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

err perhaps you ought to explain that. For the last several weeks the carries go up because there was expectation that the Feds would raise rates. Now you're saying that carries will go up because they won't raise rates?????

Auslanco - GBP/JPY and GBP/USD (newstrade)

Open the graphs up to the monthly and you'll see the bottom of the long term channel at around 164.xx

Auslanco - GBP/JPY and GBP/USD (newstrade)

co-ordinated Retail intervention

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well we certainly can't trade against them and win although depositors in some circumstances have significant power against the insto's. Remember the Bear Stearns BS

Auslanco - GBP/JPY and GBP/USD (newstrade)

Mostly the reason for the jpy appreciation during risk aversion cycles is because investors use the jpy as a funding currency. They borrow from the jpy, and invest it in US, UK, Euro region, Aus, NZ...etc where they can get better returns. When risk ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

What happens is that when USD drops the it causes the U/J to fall creating yen appreciation that more often than not overwhelms any gains made to the G/U pair on USD depreciation. When mass risk aversion sets in it drops both the U/J and the GBP ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Historically speaking the jpy has been more reactive (both scale and speed) to a mass usd sell off than any of the other major currencies. Obviously with the yen vs equities correlations flying out of the window, its really anybodies guess.

Auslanco - GBP/JPY and GBP/USD (newstrade)

People are obviously positioning themselves for a rise in the interest differential between the $ and yen. That seems to be the only reason for the yens big declines these last 3 months even on the back of very bad USD data. I'm actually gonna be ...

Auslanco - GBP/JPY and GBP/USD (newstrade)