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Posts by "carlco"
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Posts Total by "carlco":
43 Posts by Anonymous "carlco":
i keep reading/hearing reports of a tightening of liqudity in the dollar. Q. If so wouldn't this support USD ?
Bernanke easing up on lending. Q. Doesn't that tighten money supply, but also send a message that the estimate of easing needed were all a bit high.
I might be changing my mind on GBPUSD long that 16600 is a key ceiling, Q. Do you think the bond auctions scheduled for the rest of the year will give enough weakness to the USD ? and do FX markets build the future auctions into the current GBPUSD price ?
I was going to say that next week will be a Thriller, but i won't ;)
The 38.2% fibonacci i find this amazing how these key resistance/support levels are being bounced off, it's text book stuff. I am going to be bold and say that 15470 is looking, to me atleast. as very very plausible. what do you think ashraf ? 15470 is where im putting 61.8%. after the news today, i get the feeling that maybe the dollar isn't as in bad a shape and maybe the fed won't be raising quite as much QEz'ing as first thought. Low interest rates, banks paying back tarps, GM & Chrysler all done and dusted (almost) commodities looking overdone... i sense its a profit taking pause for breath before a push on equities. Im just rambling, my own thoughts on reasons WHY the chart is double topped and pointing back firmly to the 15470 area.