seems they very insistant take out weak long usd positions.
trapped cable scouts have a few options.
for Dr. your positions are clear to me.
so i will try show you way out of this.
there a few ways things can happen.
but as you not leveraged, your cable short scouts may need stay on arena, for longer time before can come home.
possible events are.
1. fed fomc decision.
2. iron lady trade data reads, at this prices, may make uk become uncompetitive on the tenure stretch.
3. upcoming boj ops, on their tax situation,coming on stream next year. already boj board has sounded warning.
4. emerging markets rebalancing. aus, india.
any of the events can bring some colour back to the usd.
so question is usd/????
cable/????
whereas over leveraged positions may be come ducks for em volatility pushes. victims.
so if overleveraged positions , is wiser raise white flag,book some damage regroup for terrain ahead.
if spot cash positions there many strategic maneuvers available.
adjust reinvent the position costings.
I do not want underestimate the undercurrent, seems can get poisoneous, and desperate.
cash is king.
regards
although euro/cable is dived very deep. but i not like the undertone.
is very deep for a reason. suspect if eurozone not gets its act together , may emerge weakest.
am thinking on the cable/yen front. seems better options, even cable/aud.
this seems frontline, and there many other crosses to examine.
trapped cable scouts have a few options.
for Dr. your positions are clear to me.
so i will try show you way out of this.
there a few ways things can happen.
but as you not leveraged, your cable short scouts may need stay on arena, for longer time before can come home.
possible events are.
1. fed fomc decision.
2. iron lady trade data reads, at this prices, may make uk become uncompetitive on the tenure stretch.
3. upcoming boj ops, on their tax situation,coming on stream next year. already boj board has sounded warning.
4. emerging markets rebalancing. aus, india.
any of the events can bring some colour back to the usd.
so question is usd/????
cable/????
whereas over leveraged positions may be come ducks for em volatility pushes. victims.
so if overleveraged positions , is wiser raise white flag,book some damage regroup for terrain ahead.
if spot cash positions there many strategic maneuvers available.
adjust reinvent the position costings.
I do not want underestimate the undercurrent, seems can get poisoneous, and desperate.
cash is king.
regards
although euro/cable is dived very deep. but i not like the undertone.
is very deep for a reason. suspect if eurozone not gets its act together , may emerge weakest.
am thinking on the cable/yen front. seems better options, even cable/aud.
this seems frontline, and there many other crosses to examine.