Picking up talk that CitiFXtechs are recommending long EUR/USD position at 1.5064, target 1.5400 plus, stop 1.4950.
14 Responses to “This may, or may not, be of interest”
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AUTOREFRESH 
1.5400 … WOW
After all that Dubai stuff and Banks shares..I can really understand Citi…but for now Gold & Stocks disprovethem…in time they can prove their bet…but I am off it
for ones who like pleasure it 
Not their name spelled in falling shares as bank although.
Moody’s has downgraded the ratings of all six state-related entities this morning. DP World was downgraded to Baa2, Dubai Electricity and Water Authority to Baa2 and DIFC Investments to Ba1: all from A3. Jebel Ali Free Zone was downgraded to Ba1, Dubai Holding Commercial Operations Group to Ba2 and Emaar Properties to Ba2: all from Baa1 … not looking good for Dubai
Remembering Russia PM Medvedev complaining about petrol & gas economy; and puts a desire of an intelligent economy (he wrote an article about it somewhere, sorry cant find bookmark) – the same as Adam Smith wrote long ago…you cant raise a countries wealth & economy just building pyramids (the pyramide theory is humble mine
US bonds are flying, outpacing any other bonds. Is that compatible with a real doll weakness ?
Also if ACB were truly recycling their usd into Euro the bunds should outperform the Tnotes and that’s the opposite happening. So, not yet convinced..
Good to know they have stops at 1.4950 just in case…
A real bondier you are Cheg
thanks for share
I hope they aren’ t in trouble (giving some motivation to Citi)
Thanks for the laugh cheg.
This cititech last time bought gbpusd and it went down 200-250 pips…
Maybe they want to sell and they announcing buy everyone…??
Maybe they bought at the dips & making “on paper investment”..But , no one can make me believe they bluff; I trust them
Anyway, this is nothing do to with Gerry, thanks was a nice mind exercise for me…at boring MA & resistance station
Citi’s exposure in Dubai is about half of the size of say, Barclays.
HSBC, however, are said to be exposed to the tune of about $17 bn – which is 9 times the size of Citi’s.
I hear Deutsche Bank is long with a stop at 1.5040.
cheers Michael. yes, hearing from a few sources stops at 1.5040 or just below. seems a favourite spot.