AUTOREFRESH 
Real money active on latest dollar slide
By Jamie Coleman || June 11, 2009 at 17:49 GMT
|| 9 comments || Add comment
Dealers note strong buying of cable from the 1.6550 level all the way up through 1.6600 and the pound remains underpinned.The demand seemed to come under duress, traders say. This means the buyer really wanted them cheaper but was forced to pay up to cover his exposure, just like us mere mortals.
Institutional investors were strong sellers of EUR/USD in the 1.4160/70 area as well.
Gerry is reaching for his LL Bean catalog as we write. the invisible hand is at work!
gbpusd has been flying, i bluddy wish gbpjpy would go with it!!!
I don’t know what you’re seeing, but pound/yen is like butter baby!!!!………………………………….
as subscribers to my new subscription service will know the order went in a few days ago.
Hope you asked for short socks this time
what im seeing is gj up 600 pips this week and GU up 800!! and gj in a range of 214 pips today and gu in a range of 281.
cant say i have ever seen that before. gj is the most volatile by a good 30-40% but it seems now yen absolutely refuses to weaken.
Hi Lilac, good to hear from you. Hope you’re keeping well and prospering.
Cable’s getting ready to pop.
Ooh yes thank you, Gerry.
And stubborn
Gerry. To me it looks as if this would be a nice spot to get into Cable if you’re a believer that it’s going higher. A measured move puts it right at 1.75, you’re target. And I have a pretty good feeling that fundamentals won’t get in the way, as they haven’t yet and I don’t foresee it happening in the next 4 weeks. I don’t see any reason to try to get in the way of this Great British freight train as far as shorting, so why not try to jump on and ride it? This area looks ok to me as far as that plan. What do you think?