Still think we should buy STG around 1.5850

0 Responses to Still think we should buy STG around 1.5850

1. KRISHNAKUMAR says:

   October 24, 2008 at 2:36 pm

   Hi Mr.Ramki,

   I have been following your trading call since last 3 months. It is really interesting. I appreciate all your good analysis works in FX.

   I got locked in sterling (long) at 1.67, do you expect GBP to bounce back towards that levels or should I cut it at current market level itself.

   I need your view on GBP from here…. now GBP s trading around 1.55 after touching a low of 1.5257

   thanks & regards

   Krishna

   Reply
2. Ramki says:

   October 24, 2008 at 4:14 pm

   Hi
   I’m sorry to hear that you are caught long in Sterling. I think that we will run into some selling at 1.5740 initially and if, by some lucky chance, we recover to 1.5850 levels, that will find a lot more fresh sellers. For it to go back to 1.67 will now take a long time, unless the Bank of England intervenes. Ramki

   Reply
3. KRISHNAKUMAR says:

   October 24, 2008 at 8:21 pm

   Hi Ramki,

   Thank you for your reply.

   I will wait for your more analysis report on FX.

   Thanks & regards

   Krishna

   Reply