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263 Posts Total by "nzvik":
225 Posts by member
nzvik
(Auckland, New Zealand)
38 Posts by Anonymous "nzvik":
 
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nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 22, 2009 7:51
In Thread: Unusual FX Action?
Rob,

I use
http://forexstream.dailyfx.com/index.html for updates and trade ideas
http://www.dailyfx.com/calendar/ as a calendar


good luck
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 11, 2009 6:47
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Chloe, have a a look at this forex school - i found it handy when i was starting out. Its free and written in simple language with a small test at the end of each lesson.
http://www.babypips.com/school/
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 10, 2009 13:52
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Chloe, Ashraf probably knows best.

But I would be very careful in shorting GBPUSD, rather I am looking at a potential short term long position on this.

BOE is not expanding its Asset purchase program and holding rates at 0.5%, it looks like a clear run to 1.7 provided the S&P maintains its upward momentum.

Good luck.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 10, 2009 7:27
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
All indications on the Crude oil (Oct) 4 hr charts are pointing towards a further move up.
If it breaks 73.90 - look for another shot at 75.

Unless the inventory numbers are crazy, I am bullish on crude till the S&P remains above 1016.

Look for the S&P today to close above 1040 (not easy as strong and recent resistance is at 1038) - if it does, we are headed towards 1060+ in the next week, taking crude towards 80 and the EUR towards 1.4700 and the AUD towards 90.
Gold however looks to be headed towards 980 and maybe lower in the next few sessions.
Good luck with your trading
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Aug 31, 2009 5:07
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
The irrational markets quote is from famous British economist John Maynard Keynes - one of the fathers of macro economics

Read here briefly about how Keynes speculated in currencies and lost and then came up with the famous quote
http://www.maynardkeynes.org/keynes-the-speculator.html

Part of what you are seeing happening now is Keynesian economics being followed. The simpler form of which is : when economies suffer a downturn, governments should borrow and spend money to boost economic activity. Part of the proceeds of the resulting economic growth should then be used to repay the debt.
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