I like staying on one side of the 12 WMA
looking for deterioration in EZ to affect the pound. medium term view/guess will be for an approach to 200MA below 1.6100.
interest rate talk is almost priced in, though the train keeps going! Shorting ahead of April 24th RBNZ meeting and if they become neutral, long profit takers and bears should bring this down. EM/China worries don't seem to bother Kiwi!
Bernanke and friends want to set Yellen up nicely for February hand off. I am going to guess a sacrifice of the Santa Claus rally for 2013. Then, January will be a huge bull month in preparation for Yellen to come in February to announce double QE or something ridiculous.
might short this at the open next week. looking for a test of 15850 at first glance. your thoughts?
will we get a 5% correction before another big rally to 1900? looks like it wants to blast off. last week then yen, pomo and bad US data helped push equities higher. your thoughts?
profit takers ahead of next week's days off in the US.
200dma reached on 4hr. there is no bottom here. equities may start rolling over for a few days/weeks so that won't do aud/usd any favors.
punt to the short side. can we see 1700 again? 100 and 200 DMAs are so far behind again.
stop below yesterday's low