To be fair to Tanvir, he doesn't seem to disagree with Ashraf's fundamentals, but that because of the nature of the FX market, fundamentals won't be obeyed. Perhaps a little like PippedOff's ongoing story about the "cartel".
FWIW, I've put my money where I think the fundamentals are for the time being.
Only just spotted the interest rate decision(s) (US and Japan) on the calendar. If the US rate remains unchanged, is this going to send the USD into a nosedive?
In fact I see USD/JPY has already nosedived, presumably relating to the Japan decision (not updated on our calendar yet, but should be out now), or it may be something else.
@Pipped: -"We are currently in the front run stage. They will pump on release of the GDP report, release their own prewritten report from two weeks agao, and then dump immediately after."
So they will sell into a rising market, catching the smaller players buying following the "trend", then there will be no more buyers, and it will fall ... or something like that?
How high do you think it will go? (We could have a small side bet on this if you like :-) - my more serious worry is that it will spike to stupid levels before falling (IF it falls of course :-) ).
"cras" is simply Latin for "tomorrow" - c.f. "pro-cras-stination - putting off till tomorrow what should be done today :-) (This is my favourite hobby, however).
@Pablo: How is life in Bolivia? South America's highest country?
Anyway, buena suerte!
Seriously, I could use a little analysis re: Cable.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year 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(1 year 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(1 year 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 (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year 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(1 year ago)
قام الذهب باحترام نفس النموذج الشهري 8 مرات خلال آخر 17 سنة. شاهد الفيديو الكامل
Gold has repeated this monthly pattern 8 times over the past 17 years.Watch now.
Latest Hot-Chart - Jun 26
Bitcoin vs Miners, MSTR & COIN
The top chart shows Bitcoin price in USD, while the bottom chart shows the % change in the stock of price of various crypto miners, Microstrategy (MSTR) the 3rd biggest company owner of Bitcoin...
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FWIW, I've put my money where I think the fundamentals are for the time being.
In fact I see USD/JPY has already nosedived, presumably relating to the Japan decision (not updated on our calendar yet, but should be out now), or it may be something else.
Well, I could certainly see it getting above 1.64 or so.
The pre-election rally is a little harder to figure for the moment, but not impossible I suppose.
Interesting times (aren't they all).
So they will sell into a rising market, catching the smaller players buying following the "trend", then there will be no more buyers, and it will fall ... or something like that?
How high do you think it will go? (We could have a small side bet on this if you like :-) - my more serious worry is that it will spike to stupid levels before falling (IF it falls of course :-) ).
What might the probability be that cable will spike much above 1.63 in the event of better than expected UK GDP?
Thanks.
http://www.thedailybeast.com/blogs-and-stories/2010-01-18/what-wall-street-really-fears/
@Pablo: How is life in Bolivia? South America's highest country?
Anyway, buena suerte!
Seriously, I could use a little analysis re: Cable.