Posts by "raulin"

Pippedoff I have not seen your name around before but nobody has a crystal ball and can predict what can happen . Ashraf got it right on oil and frequently gets calls right on other pairs but nobody is 100% accurate . So I guess you criticize because you lost money.As I tell everyone trade on your own risk Ashraf gives you a guide which may be medium to long term but it is up to you to place entry stop loss etc.

Ashraf bull flag on dailies for oil looks very bullish for oil targets 85 ..yes I know 82 very big resistance but that thing does not want to go down!

markets uses fundamentals to explain moves after the fact ...the market heavily short g/u and g/u oversold we appear to have completed wave 3 with potential upside targets 1.6020 and 1.6130 but as always with g/u watch for stalling .best not to trade 2 weak currencies against each other and watch euro/gbp

To go back to the Yen ..this is an export dependent economy with a currency too strong. What happens to their GDP? It falls when JPY strengthens. What happens to their debt? It rises.Right now they have to pay interest on debt at 18% of tax revenues.This is NOT a healthy economy. The debt, currently mostly serviced by native Japanese will need to be serviced more and more by foreigners at a very low interest rate that is not attractive to the purchasers so yen has to depreciate or interest rates rise. They have already deflation, negative growth and you want to raise interest rates? SO FALLING YEN IS THE ONLY temporary SOLUTION

Eur/usd has peaked 1.40 will probably be low if catastrophic drop in equities then 1.25 or lower Carry trade in USD is just lazy journalism. Why the focus on 3 month libor? 1 yr libor, 2 yr libor and the most important, the 10 yr is 223 bps lower in japan than in the US . JPY is still the most risk averse currency and as for having a carry trade in sterling don't make me laugh at least Japan had a huge trade surplus