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I expect BP to peak sometime this week before going south.. Maybe Im wrong... Good tradings to you all...
-----Original Message-----
From: Alberto Torchio [SMTP:atorchio@xxxxxxxxx]
Sent: Monday, October 05, 1998 1:25 PM
To: RealTraders Discussion Group
Subject: Re: a new kid in the block
Tin, RTs,
> I went long Pound not because of strong BP. I expect US dollar continues to
> weaken due to the stock market problems.
BP seems to have been sustained by high interest rates: the lower than expeceted FED's
cut might have weakened BP.
Furthermore, UK economy is slowing with exports falling: both premises for the Bank of
England to cut interest rates...
All in all, BP fundamentals should be weakening.
Alberto Torchio
Torino, Italy
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