Or is it geek with a love affair with Suri
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Billion Dollar Day - Documentary 1986 68 replies
Forex soars to $3.2 billion a day 9 replies
Huskins, Daily Price action analysis Video Journal 20 replies
Dislikednow take a look at one of the many fundamental news and commentaries popping up at their screen.
Thats so weird, they seem to rely on third party analysts for their decisions.Ignored
DislikedAre we thinking this is from Reuters? If so, what does it mean when it says 'However the US unit slipped on profit...'? Does 'US unit' mean the US branch of Barclays? If so this is from an internal analyst.Ignored
Disliked
HIHI FRIENDS. THE MRKT STILL LOOKS BEARISH BUT THERE IS NO GREAT MOVEMENT. I SEE POSSIBLE RANGE FOR TODAYIgnored
DislikedWhat's their returns like ?
Or is it geek with a love affair with SuriIgnored
DislikedWell, they see and place 1000s of trades before you even read the first word of the headline. So you tell me.Ignored
Disliked4:09 min and we hear through the squawk box:
---- Russian looking for sterling mark at 25
So now we have a situation where Barclay is moving the Pound lower and the Foreign Bank of Russia shows up buying.
Of course nobody at Barclay's knew it yet but Richard seem to be concerned. He calls them direct.
Now I wonder what is the point of calling the competition to ask for advice but Richard text them and get what he was supposed to get.
A lame answer!
[b]HIHI FRIENDS. THE MRKT STILL...Ignored
DislikedOk. Lets pick up from where we left.
So basically Barclay was selling the pound when suddenly the Russians start buying it
We saw that Boris bought it in bigger chunks of 20 million.
Richard check prices around and decide to follow the Russians meaning reverting their positions.
At 4:23 min Richard says something really interesting.
We're gonna go buy some sterling. Looks like everybody in the market is quite a bit short sterling, does not want to go down.
I'm not really sure word by...Ignored
DislikedOk. Lets pick up from where we left.
So basically Barclay was selling the pound when suddenly the Russians start buying it
We saw that Boris bought it in bigger chunks of 20 million.
Richard check prices around and decide to follow the Russians meaning reverting their positions.
At 4:23 min Richard says something really interesting.
We're gonna go buy some sterling. Looks like everybody in the market is quite a bit short sterling, does not want to go down.
I'm not really sure word by word in this transcription.
Calling...Ignored
DislikedRH: 'I'm gonna go and buy a bit of Sterling. Looks like...looks like everybody in the market might be a bit short of Sterling [but] it doesn't want to go down.'
So I don't think Richard decides to buy here because there are too many people going short, but rather that there are a lot of people going short but price does not go down as expected. He is suggesting Boris buying activity is holding up the market because despite all the selling, price is still holding. So Richard surmises that Boris are into serious buying...Ignored
DislikedNot really .. Pound, Sterling or Cable all relate to US dollar.
There was no actively traded cross rates like there are today.
So if the russian was to buy GBP/DEM barclays would need to cross these two ccy pairs ie GBP/USD and USD/DEM and price accordingly.
In the interbank market there was no GBP/DEM quotes
Keep in mind that this was during the cold war and Russia hated anything to do with US dollars hence they love to trade GBP/DEMIgnored
DislikedOk. Lets pick up from where we left.
So basically Barclay was selling the pound when suddenly the Russians start buying it
We saw that Boris bought it in bigger chunks of 20 million.
Richard check prices around and decide to follow the Russians meaning reverting their positions.
At 4:23 min Richard says something really interesting.
We're gonna go buy some sterling. Looks like everybody in the market is quite a bit short sterling, does not want to go down.
I'm not really sure word by...Ignored
DislikedRH : took about three minutes.
So even the big boys scalp!
btw FO when you say cot you I'm sure mean caught. eg something caught your attention.Ignored