Saturday, February 7, 2009
Money Flow
If its not economic stimulus expectations its corporate interest.
What with Nissan's need for eur for their european partner, reckon excecuted after the London fix. So eurjpy looked good LOL.
On going talks by Rio Tinto, first seeking fund infusion from Chinalco and now talk of Mitsui buying a stake in Rio. Well audjpy should look interesting going foward.
While cries for the US Obama led stimulus package to be passed, would be interesting Monday afternoon US time what the treasury sec outline looks like.
All in all even with the eur snap back, its still not cracked above a daily trendline .
Ah them jpy crosses... keep them on radar
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