I look at this pair as basically being driven by the Northern Rock woes, in which case the less news the better for the short side I have a small short from the break of the higher tentative trend with a target of 0.694, but I'll get out if it ...

Just arguing with myself here - but on a contrary position, it's been noted that this week saw the largest fall in $/CAD since 1988 or so (on an open/close basis). What is more unusual is the fall ofer the last 2 weeks; in percentage terms it is the ...

Nice calls MoForce. BTW - take a look at the fib levels generated by the last rise - 1.618 is sitting right about parity...

The implied probability of a half point fed cut is so dominant at the moment that I would imagine that holding firm would really tank the stock market; a quarter point OTOH would show some sympathy for the poor hedgies while at the same time ...

Well, for my first post here I might as well get the worst over and make a fool of myself The brief part - I am still looking for the pair to get down into the mid 140's. Whether that is do-able given the expected stiffening resistance expected ...

hmmmm......

I tend to agree, but would set stops much lower (cf the ST trendline on the attached chart)

No doubt there were some, watch the financial papers next few weeks for amusing stories of collapsed hedge funds, there will probably be a few that guessed the wrong way. But if you look carefully you'll generally find they are run by BSD's (a rude ...