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Posts by "mandiwie"
54 Posts Total by "mandiwie":
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Posts by Anonymous "mandiwie":
on March 27th i made this entry,
high RSI of nearly 70 on daily chart and the Bullish Percent Index (BPI) of over 90 % show similarity to the situation around january 14th (ca 86 %) ahead of the big sell off
a bullish sentiment has been purposely created by the institutionals to get the possibilty to get rid of their long positions
There were hints for this turmoil
Stefan Rie from CMC MARKETS Germany argues that the UK-position is much worser than Greece:
Greece represents only 3 % of EMU-GDP but cannot print any longer money after getting member of the EMU and has to go therefore bancrupt.
UK has a debt ratio of 12 percent und the national debt is high similar to Greece, but UK no refinancing problems BOE is financing the whole deficit of 185 Billion Pound buying 200 billion of government bonds
The actual vigor of the pound is a joke for him and parity Euro/POund within 18 months possible
A hung parliament is also on the way
in my mind pound goes straight south in the next few weeks
due to the GS case yen should extend strength next week
Confidence in the sustainibilty of job growth (with 50k census jobs) is not proven
considering the facts
loss of over 8 million jobs over the two last years
an joblessrate U6 at 17.5%
Sorry, I dont understand your last entry
Do you mean further weakness or strengthness of yen ? if you see 94,70 in cad/Jpy this means upcoming yen weakness
In my mind at least GBP/yen and eur/yen could be dragged down by weak and weakenng GBP
tightening of liquidity due to to possible discount rate-hike could easily drag down SP 500 (strong overbought) in favour of a stronger yen.
strong resistance areas on 1h charts around 127,60 eur/yen and 143,80 GBP/yen are not yet broken
will the yen-cross weaken further even thought they meet heavy resistance lines; what is the impact of the NFP figures in your mind ?