Is realistic....
Why cut rates NOW if your the RBA.... nothing has been resolved..... then thats .25 less point you have to cut - when you really NEED to...
I mean - all this coverage and meetings this week - HOPIUM is likely to continue until it can't anymore....
So I feel a rally up to 1.05 is highly probable.... 1.10 - I'm not so sure....
They are going to do all they can - until they realize there is nothing they can do.... which means they can even get the Market so HIGH on HOPIUM - that the EUR/USD hits 1.38 again before the big fall...
Write downs are ESSENTIAL... until they agree and realize that they need to RESTRUCTURE.... they are going to do EVERYTHING they can to avoid it...
I mean a failure to cut rates - sees 1.04 at least.... thats only 100 pips away from 1.05.... inline with the down trend of the last 2 tops on the daily... it looks like 1.05 area is the next in line....
SO... what does that mean... be cautious... anything can happen this week... we all know they are poised to fall.... its just about WHEN....
and how much they are going to throw on the fire....
Why cut rates NOW if your the RBA.... nothing has been resolved..... then thats .25 less point you have to cut - when you really NEED to...
I mean - all this coverage and meetings this week - HOPIUM is likely to continue until it can't anymore....
So I feel a rally up to 1.05 is highly probable.... 1.10 - I'm not so sure....
They are going to do all they can - until they realize there is nothing they can do.... which means they can even get the Market so HIGH on HOPIUM - that the EUR/USD hits 1.38 again before the big fall...
Write downs are ESSENTIAL... until they agree and realize that they need to RESTRUCTURE.... they are going to do EVERYTHING they can to avoid it...
I mean a failure to cut rates - sees 1.04 at least.... thats only 100 pips away from 1.05.... inline with the down trend of the last 2 tops on the daily... it looks like 1.05 area is the next in line....
SO... what does that mean... be cautious... anything can happen this week... we all know they are poised to fall.... its just about WHEN....
and how much they are going to throw on the fire....