This is a trading diary containing my views on international financial markets and economic news. I focus on the relationships between bond, currency, commodity and equity markets across countries. All ideas and opinions expressed here are shared for educational purposes. THESE ARE NOT RECOMMENDATIONS!
Nov 16, 2004
Sterling! Cable! Pound!
The dollar is finally getting a feeble bounce but I continue to believe shorting GBP/JPY is a better trade for the long run. I think it will break the support around 194 shortly and test the Mar lows after that. The world's growth is going to be centered in Asia and British interest rates are peaking. These factors could make this trade even more attractive than USD shorts.
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