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The Forex Thread (FX)
hilary
- 31 Dec 2003 13:00
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hilary
- 04 Mar 2009 14:37
- 10321 of 11056
About 1.41, Jeff. I've already dumped my shorts and have been buying today.
goforit
- 04 Mar 2009 14:39
- 10322 of 11056
bet thats a sight!
jeffmack
- 04 Mar 2009 19:14
- 10323 of 11056
cable bouncing off of 1.41 again
Seymour Clearly
- 05 Mar 2009 07:59
- 10324 of 11056
Thought provoking comment from Jamie:
For much of my trading I am, if not a jobber, at least a fairly active intraday trader. I have taken a different approach to the CHF and I have built a medium/long term short position against the AUD primarily but also against the USD.
My basic reasoning is common sense or logic, (which can be a dangerous tool in forex markets). The world is going through a banking crisis of unprecedented proportions and Switzerland relies very heavily on its banking industry. Ergo, you would logically surmise, the CHF should weaken.
In addition, the CHF has been used as a safe-haven for legitimate and not-so-legitimate accounts for many decades. If, for any reason, this money suddenly starts to get scared and head for the exit, it will make the charge of the light brigade look like the local donkey derby.
The bank-privacy issues which are currently under discussion and review between UBS and the US government are obviously of massive importance. Any major changes there, and I just might be on a winner.
For much of my trading I am, if not a jobber, at least a fairly active intraday trader. I have taken a different approach to the CHF and I have built a medium/long term short position against the AUD primarily but also against the USD.
My basic reasoning is common sense or logic, (which can be a dangerous tool in forex markets). The world is going through a banking crisis of unprecedented proportions and Switzerland relies very heavily on its banking industry. Ergo, you would logically surmise, the CHF should weaken.
In addition, the CHF has been used as a safe-haven for legitimate and not-so-legitimate accounts for many decades. If, for any reason, this money suddenly starts to get scared and head for the exit, it will make the charge of the light brigade look like the local donkey derby.
The bank-privacy issues which are currently under discussion and review between UBS and the US government are obviously of massive importance. Any major changes there, and I just might be on a winner.
jeffmack
- 05 Mar 2009 08:08
- 10325 of 11056
SC
Can you remind me of the website address for the 3 muscateers
Can you remind me of the website address for the 3 muscateers
Seymour Clearly
- 05 Mar 2009 08:13
- 10326 of 11056
jeffmack
- 05 Mar 2009 08:18
- 10327 of 11056
Thx SC, unfortunately its blocked on my work PC
hilary
- 05 Mar 2009 08:27
- 10328 of 11056
I'd give up work if I were you Jeff. It's a bum deal if they block you from reading Jamie and looking at those nude pics I posted yesterday.
:o)
:o)
goforit
- 05 Mar 2009 08:32
- 10329 of 11056
who is jamie?
hilary
- 05 Mar 2009 08:38
- 10330 of 11056
Someone who doesn't understand charts, Gofe.
Seymour Clearly
- 05 Mar 2009 09:04
- 10331 of 11056
What're you doing at work at 8.18?? I was still having my second cuppa at home.
edit: And I'm not sure we will have an interest rate cut.
edit: And I'm not sure we will have an interest rate cut.
chocolat
- 05 Mar 2009 09:18
- 10332 of 11056
Neither am I, Flossie.
MightyMicro
- 05 Mar 2009 09:25
- 10333 of 11056
Hil: Just post the nude pics up here so we can all enjoy them. ;-)
SC: I do expect the rate cut and I'm looking forward to being quantitively eased.
SC: I do expect the rate cut and I'm looking forward to being quantitively eased.
hilary
- 05 Mar 2009 09:28
- 10334 of 11056
Well that makes three of us then because I'm not convinced they'll cut either.
chocolat
- 05 Mar 2009 09:29
- 10335 of 11056
Think it's of more interest to see what the ECB do today.
MightyMicro
- 05 Mar 2009 09:30
- 10336 of 11056
Panic, I imagine.
hilary
- 05 Mar 2009 09:31
- 10337 of 11056
The Graham Norton Show was hilarious last night.
jeffmack
- 05 Mar 2009 09:31
- 10338 of 11056
SC
I work in Brussels Monday to Friday, so 9:18 for me
Hils
Not quite at the giving up work stage yet. Still ad hoc supporting a 28 and 25 year old offspring
I work in Brussels Monday to Friday, so 9:18 for me
Hils
Not quite at the giving up work stage yet. Still ad hoc supporting a 28 and 25 year old offspring
chocolat
- 05 Mar 2009 09:36
- 10339 of 11056
Didn't think you'd had the doggies that long, jeffie ;)
jeffmack
- 05 Mar 2009 09:38
- 10340 of 11056
Choccie
If it wasnt for insurance I would be supporting them too. One had meningitus recently and vet bills were almost 5,000
If it wasnt for insurance I would be supporting them too. One had meningitus recently and vet bills were almost 5,000
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