USDCHF...??? More than 150pips down Asia pre-market. EURCHF, GBPCHF, CADCHF, NZDCHF and AUDCHF will have huge gap down! I expect trading suspension on many global markets today. Even our NSE might not escape this rout and the ATS will fail today if the rout is too hot or market opened late afternoon...



Update - Just read the Merkel and Sarkozy joint statement. A lot of nothing here, same old rhetoric on EFSF. Markets at the moment are not looking for rhetoric and this will not calm down Asia.

You were right on these pairs, now on a free fall.

How the U.S. downgrade will change the global economy


Read more: http://curiouscapitalist...l-economy/#ixzz1UPu234x3

Gold continues its rush - tests $1770 level. $1800 will be taken out today... Panic central. Silver too is on a tear. I was getting antsy with whiplash, but this time unlike 2008, investors are piling in. Definitely when panic settles down there will be sizable corrections.

Oh my! Anybody chking out the aussie. Knocked out!? Down 1 big figure since topping out @1.1050s now @ 1.0050s with a low @0.99s??? This one is a bear magnet now. Any wild rally up should be a shorting opportunity. The cousin kiwi is also in the same boat with much more downside. Am adding it to the shorting list.

USDSGD long working fine. SL now at breakeven.

USDZAR - This one escaped my buy trap. Not interested for now. May buy @6.90 - 7.00 if the market falls back!

Funds flow into JPY & CHF continue. Expect huge moves soon as both continue rallying giving SNB & BOJ sleepless nights. Btw due to the maniac swissie strength their stock market has been sold hard. NIKKEI selloff will soon catch up with yen strengthening.

@hisah..what r ur expectations out of Uncle Ben & The Toners band. QE.3 or non? The probable scenarios both ways?