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/biz/ - Business & Finance

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479403 No.479403 [Reply] [Original]

I introduce you to /biz/'s new meme, Forex Duck. He is your friend.:

QWAAAAK! QWAAAAK! QWAAAAK!

SELL USD!
BUY STERLING!
GO LONG ON LOONIES!
CROWD PARKING LOTS AND WAIT FOR BREAD!

QWAAK! QWAKQWAK! QWAAAAAK!


"Bets on hawkish Fed lift dollar, U.S. bond yields"

http://in.reuters.com/article/2014/09/12/markets-global-idINL5N0RD32920140912

"Dollar heads for best run in 17 years"

http://in.reuters.com/article/2014/09/12/markets-global-idINKBN0H70PT20140912

http://www.forex.com/currency-pairs-public-charts.html?cp=USDCAD

>> No.479404

>sell usd
>buy pound
top kek

>> No.479406

It's terminal. Time to find a new board.

>> No.479414

>>479404
>>479406

When you doubt The Duck, you get bad luck.

>> No.479421
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479421

hmm. I think it should be squawk like squawk box

xD

>> No.479430
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479430

>>479421

Silly goose. That's just crazy talk/squawk.

https://www.youtube.com/watch?feature=player_embedded&v=NtEzMOx5x6Y

I for one hope Scotland gets their independence, but I am betting against it.

>> No.479431

>>479403

I'd stay away from sterling, it'll probably tumble if the scots declare independence, if only because of the headline - the fundamentals on the UK actually improve a lot without the money sink that is Scotland.

>> No.479436
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479436

>>479431

Its a fair and reasonable view, yours. It's sort of win/win if one is long. In the unlikely event that Scotland gets its independence, there *will* be a period of decline. I do need to emphasize that point to be fair. But if one can go long and isn't tied up completely in GBP, I think it would pay off, if more slowly.

However, I am not hopeful Scotland will succeed, unfortunately. I actually hope I am wrong. (Unless they stay EU, then what the hell difference does it make from a non-finance point of view)

I am expecting another dip to buy GBP next week and of course low liquidity and volatility as the vote closes in.

However, with the expectation that the good Scots will not get their independence, I then expect the GBP to rocket, if only briefly before later correction.

Unfortunately, the major finance centers are putting big pressure on Scottish voters, and I worry that will dissuade them ultimately. RBS and Lloyds are basically threatening them. The basis of the threat I feel is nonsense ultimately, but perception could become reality.

>> No.479445 [DELETED] 
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479445

>>479436

Also, I have looked at the fundamentals of the looney yet. I have no idea what is going wrong to the north. But whatever it is, its a good day to sell them USD for loonies. I know it will correct soon, and when there is closer parity as usual, it could be a goldmine.

I get why the USD is perceived as so strong this week. But that doesn't account for the CAD holding such low value.

>> No.479447
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479447

>>479436

Also, I have not looked at the fundamentals of the looney yet. I have no idea what is going wrong to the north. But whatever it is, its a good day to sell them USD for loonies. I know it will correct soon, and when there is closer parity as usual, it could be a goldmine.

I get why the USD is perceived as so strong this week. But that doesn't account for the CAD holding such low value.