we're still below Mar 17 high at 1.5382. People freak out because all the talks and because the lastest YouGov survey. However strong the 5-day range breakout may look, the overall outlook is bearish.
Oh, w8t, now the PPI number is out and the input measure is much higher than fcast. Hmm, 1.5382 could be under attack
@montmorency: I'm watching this precious metals dirt for some time, but from the moment Andrew Maguire revealed what he knew, it's gaining a momentum. For now I'm glad to be holding some physical on a safe place because if this is going to blow, it will be probably very very ugly.
@INGbalek: I'm trading on my own plus I'm managing someone's money (a Slovak guy coincidentally). No company yet, but it'll be necessary to start one eventually. And what about you? (write me at ptaczek@gmail.com if you like so we don't mix chatting with the topic of this thread).
@montmorency: I meant 'has not a strong reaction'. It was around 50pips in first hour and around 70pips in first 3 hours. Since then it managed to gain another 40pips in slow round turnaround to end up at it's trendline broken on tuesday. I appologize for not being precise but Im a longer term trader with not so big interest in sub 100pips moves :)
@Callum: audusd is in a nice uptrend channel since the early february and it breaked above it's slight downward trendline on Tuesday (a trendline over Nov 16 and Jan 14 tops). For me this is a no-trade at this moment. The tuesday's breakout isn't playing it's direction clearly yet. Also the AUD did not pop-up on latest RBA's hike. Employment in Australia is fine but employment in US is a wild-card right now. No-trade for me, until the direction is more clear.
@macrosam: agree. From the day one I found this site I feel like I opened my eyes to see a whole universe. And I'm not a newbie in this game :) I don't know how can I thank Ashraf enough to really express it.
There's also a FOMC today. Remember there was only one dissenter (Mr. Hoenig) last time. Mr. Bullard who's been against the 'low rates for extended period' clause could be another dissenter candidate ;) More hawkish FOMC will prop up USD once more, possibly sending USDJPY higher.
What am I missing? I mean, the JPY shows some strength or a weakness pause at least. But why? Recent US data points to a higher risk appetite and yet, USDJPY retreats...
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)
Oh, w8t, now the PPI number is out and the input measure is much higher than fcast. Hmm, 1.5382 could be under attack
More hawkish FOMC will prop up USD once more, possibly sending USDJPY higher.