AUTOREFRESH 
Nervous Nellies beware
By Sean Lee || November 26, 2009 at 22:02 GMT
|| 6 comments || Add comment
If you’ve jumped on the risk-averse trade or are thinking about it then be prepared for some anxious moments. Dealers say that markets are already noticeably thinner than at the beginning of the week and modest flows may create bigger than expected moves. Some light profit taking in both the AUD/USD and the AUD/JPY has been seen already this morning but dealers say that they are happier sitting short rather than long, where they see more risk.
The big event in early trade will be the opening of the Nikkei. It has been much more bearish than other Bourses in recent weeks so it’ll be interesting to see how it copes with the 3% fall in the FTSE.
I agree with your every word, Sean. With deflation already a problem and the yen rising, the Nikkei has every reason to take the FTSE fall very badly indeed.
I go to take a shower and after that taking a nap. When I wake up I want to see the EUR/JPY somewhere around 128.50 prefer lower. If not, than some japanese traders will get spanked since I will feel spanked by them. So, do me a favour and let’s do it. after that I prefer the 132.00 level again and then heading south all the way down to the 122.00 level. Thanks in advance.
Don’t worry Adje, we’ll sort that one out for you, just as requested.
I hope so, cos that will help my gbpjpy short.
infact im short gbpjpy, gbpusd and audusd so if you could arrange a nice drop on all 3….
Good luck DC, you certainly have a lot of risk on for a risk-averse trade!!
Ohw before I go to bed.
” Fannie Mae to tighten lending standards”
Here is the link from washington post: http://www.washingtonpost.com/wp-dyn/content/article/2009/11/25/AR2009112503415.html
I don’t think the FED and Geithner will be happy.
Gnite all