2 down 2 to go 12/3/8
Wednesday, December 3rd, 2008RBA cut 1.0% to 4.25%, RBNZ cut 1.50% to 5.0%, ECB and BOE expected to cut bright and early tom morning. The March Japanese yen hit our target of 1.08, see Monday’s commentary. We suggested for clients to buy February n.gas $8 calls for $2000 today, target $3500. Use the pullback in sugar # 11 [...]
