GBP/USD On 1h chart 50SMA oftern serves as support/ressistance, and for a while now GBP/USD was unable to make higher retracement than 1.5140, and now S. Stochastic are showing crossover for a move lower. I see a set up for a short move, however this is taking place before european open, so I will be carefull for one more attempt to break out higher. GBP weakness is already entrenched in FX world and USD strength is evident everywhere so this should be "smooth sailing", at least I would like to think so. On a daily chart trendline from feb.17 serves as aditional resistance
On a weekly chart pair is approaching the 200 SMA, after about 4 weeks of SEK gains. Daily chart is showing it is ready for a bounce off 200 SMA (Slow Stochastic ). I know the fundamentals are in favour of SEK, but isn't everybody that wanted to go short already did so. I think there is respectable bounce on this pair, on a first sign of pressure release from Euro. Many already made good many on a trade, so there is no reason not to jump ship, and enter at more favourable position. Combination of respectable resistance and some positive euro sign, there is some pips to be made on this pair, and , of course, i know it is very riky. I would be glad to hear opposing views.
Interesting read "Too big to fail" Andrew R. Sorkin
book about how Lehman, AIG went down, and role of other banks during the collapse. Conversations between top people on WallStreet & Washington about what to do, and how to do it. I would say it is sort of financial thriller.
b.
p.s.
my favorite line, by financial product director of AIG " You should not assume it is correct just because Goldman said it. My brother works for Goldman, and he's an Idiot !"
Lately there is more and more talk about Chinese Yuan, and it's "unavoidable" appriciation on the market. I started thinking about it after I heard this;
Jan. 23 (Bloomberg) -- China will probably let its currency appreciate by at least 5 percent in a one-time move and raise interest rates to cool the economy and curb inflationary pressures, Goldman Sachs Group Inc. Chief Economist Jim ONeill said. --it will definitely happen, and it can happen any day !
It would be good to hear your thoughts on this, and what would be the best way to play it (ETF's)
CAD/JPY daily chart looks very interesting with the double top from aug 7th. Keeping in mind there was similar situation on the both pairs, CAD was showing strength and JPY was weak across the board, particulary on that day, that was the peak for the both pairs against many currencies. In my belief i hold that chart can "sometimes" predict upcoming events, so in this case it would mean going short on CAD/JPY. I know it sounds 'bit creazy to go short right now when strong (CAD) is getting stronger and weak (JPY) is getting weaker especially after new fin. minister coments. I would be nice to hear Your view on this pair, and what events could prompt sell of in CAD/JPY ?
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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GBP/USD On 1h chart 50SMA oftern serves as support/ressistance, and for a while now GBP/USD was unable to make higher retracement than 1.5140, and now S. Stochastic are showing crossover for a move lower. I see a set up for a short move, however this is taking place before european open, so I will be carefull for one more attempt to break out higher. GBP weakness is already entrenched in FX world and USD strength is evident everywhere so this should be "smooth sailing", at least I would like to think so.
On a daily chart trendline from feb.17 serves as aditional resistance
good hunting
b.
if have to change all his USD into some other currency, what would he change it to;
CHF
Warren's logic; that is the currency where you would loose the least.
b.
On a weekly chart pair is approaching the 200 SMA, after about 4 weeks of SEK gains. Daily chart is showing it is ready for a bounce off 200 SMA (Slow Stochastic ). I know the fundamentals are in favour of SEK, but isn't everybody that wanted to go short already did so. I think there is respectable bounce on this pair, on a first sign of pressure release from Euro. Many already made good many on a trade, so there is no reason not to jump ship, and enter at more favourable position. Combination of respectable resistance and some positive euro sign, there is some pips to be made on this pair, and , of course, i know it is very riky.
I would be glad to hear opposing views.
b.
for a moment I thought i was in your guys e-mail box, than i checked web address and it said ashraflaidi.com
book about how Lehman, AIG went down, and role of other banks during the collapse. Conversations between top people on WallStreet & Washington about what to do, and how to do it. I would say it is sort of financial thriller.
b.
p.s.
my favorite line, by financial product director of AIG " You should not assume it is correct just because Goldman said it. My brother works for Goldman, and he's an Idiot !"
here is what George Sorros thinks;
is it in the best interest of the chinese to let the yuan to float?
yes, that would be appropriate for the chinese to do now but for domestic and international reasons.
will they?
it remains to be seen. they do not like to be told. i am only observing, not advising. they do not like to be pushed.
b.
Lately there is more and more talk about Chinese Yuan, and it's "unavoidable" appriciation on the market. I started thinking about it after I heard this;
Jan. 23 (Bloomberg) -- China will probably let its currency appreciate by at least 5 percent in a one-time move and raise interest rates to cool the economy and curb inflationary pressures, Goldman Sachs Group Inc. Chief Economist Jim ONeill said. --it will definitely happen, and it can happen any day !
It would be good to hear your thoughts on this, and what would be the best way to play it (ETF's)
Thank You
b.
CAD/JPY daily chart looks very interesting with the double top from aug 7th. Keeping in mind there was similar situation on the both pairs, CAD was showing strength and JPY was weak across the board, particulary on that day, that was the peak for the both pairs against many currencies. In my belief i hold that chart can "sometimes" predict upcoming events, so in this case it would mean going short on CAD/JPY. I know it sounds 'bit creazy to go short right now when strong (CAD) is getting stronger and weak (JPY) is getting weaker especially after new fin. minister coments.
I would be nice to hear Your view on this pair, and what events could prompt sell of in CAD/JPY ?
Thank You
b.