AUTOREFRESH 
USD staging a recovery, echoes of last year
By Sean Lee || November 27, 2009 at 04:13 GMT
|| 10 comments || Add comment
Risk aversion is the name of the game with GBP, AUD and EUR being the major losers. The USD has gained against all of the majors except the JPY, but even USD/JPY is back close to this mornings opening levels, having regained 130 of the 160 pips it lost early in the session. Last year’s risk aversion play of selling the JPY crosses is back in vogue and it will now be interesting to see whether Europe goes on with these moves or tries to retrace.
Don’t know about you but I’m exhausted.
Aw, c’mon Sean … it’s not even December yet
Short EURUSD @ 1.4935 T/P 1.4920
Nothing like getting home from a stupid turkey dinner, to see gbp/yen, taking it on the chin! Unbelievable. U.S. stock futures are down quite a bit as well. Almost 190 Dow and 25 S&P. Joy.
I had a good profit fro eurjpy, thanks to sean lee.
It’s noon here… let’s take a break and have a nice lunch….
And to all Muslim, Happy Aidiladha….
Thanks gOdFeLLa … got my profit
It was interesting to see the JPY crosses panic and collapse from 100 to 200 pips in 30 minutes prior to the Nikkei opening only to realize that the world did not end and return to their previous levels 30 minutes AFTER the Nikkei opening.
Herd Psychology at its best. Sigmund would be delighted!
Any more days like this and I won’t even make it into December but I suppose it’s better than the alternative, boring Asian trading days. I still think there’s more to come. I’ve got my offers ready at 86.80/90 in USD/JPY looking for a 100 pip dip and I’m also looking to sell cable and AUD/USD rallies
Gonna go for Friday’s prayers … be back soon
This looks like a good spot to enter and hope London comes in and pounds the risk trade. I’m going short again in gbp/yen at 141.20, with a 100 pip wide stop. U.S. stock futures continue to slide. Dow’s down 266 and S&P 34. Good night. I’m beat and annoyed.
Boy we take one day off to go eat turkey and watch parades….maybe, lol, this bubble is like a “watched pot”….the minute I stop watching it, that is when it boils…will be interesting if it can defend 1.4800 today.