It would be interesting also to see a gold/EURUSD chart. As EUR can't go past 1.50, while gold seems to hold on to its gains well. I have never seen gold/EURUSD, but I would even say that to watch gold/EURUSD would be more interesting than oil/EURUSD.
What do you think of playing long EUR/GBP for the GBP weakness. It has just made a morning star on daily and is about to break a falling resistance line which connects 30.12.08, 18.03.2009 and recent, end of August, highs. But the best thing is that it will play in every situation, if there will be risk aversion GBP will fall more, for sure. But even if there is positive risk, there is a decent chance that GBP gains will be less than those of EUR.
Do you think the cyclical peaks will continue this month also?? If that is a case, than we should see at least a couple of days of falling yen, which happans when things are positive.
I have a feeling that we will see a final strech for equities/risk currencies. And only after that the falling will start. The fears are mounting. I am waiting for the final drop in third or fourth week of september.
What do you think will be the final blow for GBP to fall? I am bearish on GPB, but I do not think that we will see a strong down, until equities in US head down. And equities seem to be strong on strong oil, at least it was a story yesterday. So, should we wait for the oil? Another thing is the September coming, which has been the bad month for US equities. And GDP next Friday. Until that I think the game is short the cable on bad news, wait for the rebound, short again
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
Really great idea Ashraf.
Although I am Italy fan since I started watching football, this cup will go to Spain I think. Their team is too good :)
It would be interesting also to see a gold/EURUSD chart. As EUR can't go past 1.50, while gold seems to hold on to its gains well. I have never seen gold/EURUSD, but I would even say that to watch gold/EURUSD would be more interesting than oil/EURUSD.
Koka
What do you think of playing long EUR/GBP for the GBP weakness. It has just made a morning star on daily and is about to break a falling resistance line which connects 30.12.08, 18.03.2009 and recent, end of August, highs.
But the best thing is that it will play in every situation, if there will be risk aversion GBP will fall more, for sure. But even if there is positive risk, there is a decent chance that GBP gains will be less than those of EUR.
Do you think the cyclical peaks will continue this month also?? If that is a case, than we should see at least a couple of days of falling yen, which happans when things are positive.
I have a feeling that we will see a final strech for equities/risk currencies. And only after that the falling will start. The fears are mounting. I am waiting for the final drop in third or fourth week of september.
What do you think will be the final blow for GBP to fall?
I am bearish on GPB, but I do not think that we will see a strong down, until equities in US head down. And equities seem to be strong on strong oil, at least it was a story yesterday. So, should we wait for the oil?
Another thing is the September coming, which has been the bad month for US equities.
And GDP next Friday.
Until that I think the game is short the cable on bad news, wait for the rebound, short again