Wed, Oct 8 2008, 08:56 GMT
by Anthony Samaha
100pips GBPNZD Mission Accomplished
A. (08 October Europe) Latest Impact: The interest rate
ForexSurvivor Interest Rate Target is 1% (as set at the beginning of the year in the newsletter), and yesterday, the hint of Bernanke that there will be 50basis points cut in the next meeting is a shift rate to 1.5% and approaching ForexSurvivor Target.
Banks remain under pressure and volatility is to its highest. While governments are intervening and lower rates on the hook (Australia & China), the restoration of normal functioning won’t resume before banks receives their rescue packages.
B. Signal
Limit Order Valid till 010 October
C. Mission Accomplished:
(07 October Europe) GBPNZD: Short @ 27955
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Wed, Oct 8 2008, 08:58 GMT
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