Cable Pulled To 1.50

Cable Pulled To 1.50

From forexlive.com

Quick move to 1.5000 in cable. There is talk about a very large 1.4950 option expiry tomorrow at this time but there was little chatter about 1.50 today. Given the timing of the current spike, I suspect options activity. Some offers extend to 1.5010.

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Mar 14, 2013 3:19pm

Looking for the cause , probable to me & doubt still remain if it can actually hold on it or just a knee jerk . 4981/58 tramp on the table now as limit down for next up & daily close below 5070/50 may be clue .
fontu

JimDandy

Mar 14, 2013 9:33am

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Yes I was noticing over night how when the USDX was increasing and all currencies were falling against the dollar .. the aussie held it's own as if being immune...

DragonFire

Mar 14, 2013 9:55am

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Quoting JimDandy

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Yes I was noticing over night how when the USDX was increasing and all currencies were falling against the dollar .. the aussie held it's own as if being immune...

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JimDandy,
AUD is looking good.....
The way Aussie is moving shows that the market is confused and running up funds into high interest currency before the DOW and S&P including all major indexes across the world start the domino downfall.

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DragonFire

Mar 14, 2013 9:30am

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Today, it seems Aussie (AUD) is in the winner takes all mode, and every damn major currency on the block is taking a bow to AUD. The day is still young but AUD has already damaged a lot of currencies.

DragonFire

Mar 14, 2013 10:00am

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What is smoking loonie? The story of two cousins (AUD & CAD), one is riding in Lamborghini with VIPs waiting on him and the other in mental institution with arm twisted on the rocking chair….