50bps cut - yeah baby!!!

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Old Jan 30, 2008, 8:26pm   #1
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50bps cut - yeah baby!!!

Wahay!!!

I just took a bit of a gamble and traded over the 50bps cut. I took +84 ticks out of the Dow just now... it's going to my drinking fund for this week.

By the way... I just used Capital Spreads. Don't try to use them over a number. Their interface took 40 nailbiting seconds to confirm my closing trade!
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Old Jan 30, 2008, 9:08pm   #2
 
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Originally Posted by RichieE View Post
Wahay!!!

I just took a bit of a gamble and traded over the 50bps cut. I took +84 ticks out of the Dow just now... it's going to my drinking fund for this week.

By the way... I just used Capital Spreads. Don't try to use them over a number. Their interface took 40 nailbiting seconds to confirm my closing trade!
CS web interface is better than CMCs but pre & post news pretty lame. Would recommend CMCs Java based platform
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Old Jan 30, 2008, 9:08pm   #3
 
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Well done, balls of steel needed for a trade like that! What's occupying my mind is the implications for other central banks, and I'm coming to the view that they are less likely to be cutting rates than they were previously, assuming that dollar FX doesn't become a factor. This because hopefully the US economy will be helped by these drastic cuts.

Of course if the US economy does crap out then this prediction has no merit.
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Old Jan 30, 2008, 9:17pm   #4
 
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Nice punt rich, all about stop limit orders left in the dax ladder baby!
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Old Jan 30, 2008, 9:23pm   #5
 
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delete me
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Old Jan 30, 2008, 9:30pm   #6
 
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Big Ben will keep printing money till we run out of trees! Looking very ugly for the greenback........
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Old Jan 30, 2008, 9:40pm   #7
 
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Originally Posted by arabianights View Post
Well done, balls of steel needed for a trade like that! What's occupying my mind is the implications for other central banks, and I'm coming to the view that they are less likely to be cutting rates than they were previously, assuming that dollar FX doesn't become a factor. This because hopefully the US economy will be helped by these drastic cuts.

Of course if the US economy does crap out then this prediction has no merit.
My bet would be on the other CBs will be cutting their rates too. But less than the US as ECB and BoE will be more hawkish on inflation.
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Old Jan 30, 2008, 10:37pm   #8
 
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Originally Posted by RichieE View Post
Wahay!!!

I just took a bit of a gamble and traded over the 50bps cut. I took +84 ticks out of the Dow just now... it's going to my drinking fund for this week.

By the way... I just used Capital Spreads. Don't try to use them over a number. Their interface took 40 nailbiting seconds to confirm my closing trade!
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