Posts by "qin"

Hey, Moe
I am 50% sure that there will be another correction in the market in beginning of September. But it is 2 weeks ahead.....will USD make its new low in 2 weeks?? maybe 50% chance....

I am not going to jump into the train now....I want to watch how the Asian market play out next Monday. Looking people have the short positions on USD and all of them are picking money now....it is a very tough day for me....

Asad, just look how much the natural gas now and compare to the oil.....US has more and more natural gas, but no oil in USA now.........if middle east want 300 a barrel, what US can do?? war against them?? all the oil rich country don't have good relationship with USA now.....I guess Putin has party every night.........

Hey ashraf
I guess more and more people in this blog are losing money.......you should change your strategy.....encourage people to short USD when it rally, instead of talking about risk aversion too much...Anyway....no one always get right.

Market is seeking all kind of positive news to short USD........risk aversion has been loosing its impact on FX market....
I believe that EUR/USD will go to 1.5 by the end of year, your prediction is 1.55.....both of us agree the long term bearish USD.....

The lunch time is coming in 1 or 2 hours.....hope all the pare will pull back a little....

I hope they will give me some chance to catch the last train.....

Hey MOE
I hope I will get EUR/USD at 1.4250 to 1.420 during the UK lunch time, but I am not sure the pare will give me the chance or not.......your country is the biggest buyer at 1.4050.....I would like to follow the big buyer and big seller.....

If George Soros tells you he want to buy, but small player talks about risk aversion....you know who you should to listen.......Your country has more money then Georage Soros.....

I suspect that they are making USD weak in order to support oil price.....

Some information about oil price....
To keep middle east country's economy health, the oil price should above 60 in the year and next year.....if the price drop below 60 and stay firmly blow....it will force OPCE to cut supply or make some noise on the oil market....just like Bank of Canada did in the past 2 months....

I don't trade on oil....but if the oil drop blow 60....I would like to be a buyer this year.....