Posts by "digi"

Jim Rogers, the legendary investor (called the bottom on EUR/USD last June 2010), was quoted earlier today: I bought Japanese shares when the tsunami came, I think I am probably going to buy some more. I own the U.S. Dollar. It has been terribly beaten down. Everybody is bearish on the U.S Dollar including me. Its fundamentally a terribly flawed currency. But when everybody is bearish on something it is usually a time to own it..

FXstreet.com (Barcelona) - The Euro soared across the board reaching 1.4435 against the dollar, after the EU summit outcome: members had agreed to extend the loans to Greece from 7.5 to 15 years while interest rate has been lowered to 3.5% on new loans. The bullish momentum extended over the American afternoon and even on early Asian hours, but is now on the retreat towards 1.4385.

Valeria Bednarik, Chief Analyst at FXstreet.com still sees EUR/USD holding a strong bullish momentum: "The pair seems now correcting extreme overbought conditions before aiming higher; the upside is supported by general buying mood, as local share markets had the same tone of their oversea partners. Hourly chart, shows a still strong bullish momentum that should help keep the downside limited

i didnt open , i decided not to

but i read some commentaries dat aussie beat up that bearish convergence / sell signal

today

i t looked pretty convincing

everyone gone ?

no im not long , i ve pilot .4 lot short at 10

- 60 pips