1 minute with ForexSurvivor

 

 

 

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

n/a

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. ****