Calm before the storm? Tomorrow's LTRO likely to trigger risk off when the less smart money thinks to gets in (this after Dow 13000+ close)after LTRO-2 anouncement. Problem is if its too small, market wont like it perhaps to detriment of risk. If its too big, that could mean euro banks still in trouble and it will dilute the Euro, which can drag risk down, USD up? Any thoughts or opinions on tomorrow?
This looks like exhaustion rally... Going short EUR/USD... Fundamentally if US economy stays weak as assumed by FED, and with the european crisis being the big drag, ECB will have to outdo the fed with more of its own direct/indirect asset purchases or else more euro countries will be like greece.
Great time to short AUD/CAD at around 1.0620, despite weak cpi data this morning, mind you Australia had weak labor data days ago.. Aussie way over its head imho. All bank forecasts I've see point to 1.05 to 1.03 rate in 1 year, AUD/CAD parity in 18 months...
Aussie broke range, likely to close above 1.0830 today? bad news for shorts once they continue to panic and keep covering while no significant buyers step in.. Interesting that Chinese manufacturing contraction didn't keep AUD or NZD range bound while the Euro rallied for its own greek reasons!
Tuesday trading will be last day of May. Looking for USD bulls to come out then to try and shape the "monthly reversal candle" in AUD and NZD. If they dont, then maybe going higher in NZD, AUD against USD. @Loneranger, re CAD it is lagging strength compared to the other two, so its easy to think going long cad/usd (when looking at NZD and AUD), but historically CAD has led moves, so do you think its the pair to touch when the EUR/USD bounce is likely corrective and USDX is consolidating?
stop triggering to the extreme across most pairs! Somewhat strange for the EURUSD because you'd think its got much liquidity at most times! Any experienced traders have any opinions as to the current moves?
Going short NZDUSD at 0.8065, open tp. Might see some more spikes however as there was a newspaper article claiming Chinese wanting to buy $6B in NZ assets which cause the latest jump. Still NZD is too overvalued imho and i see it correct eventually to $0.77 in next few weeks
NZDUSD is lagging the Aussie down move, and AUDNZD looks a little oversold. I wouldnt be touching AUDUSD either way here, unless a retracement to 1.0570ish happens. Perhaps market is waiting for the New Zealand inflation report before the NZDUSD sells off tonight, to bring AUDNZD back to the middle of its recent trading range. Any thoughts?
Do you know when the RBA policy statement was formulated? i.e. was it from the time of the rate meeting a few days ago and was just released today? After what happened with silver this week, and oil's 10% drop today I wont take the RBA seriously for now because they may need top reassess things!
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 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(10 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(10 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)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Any thoughts or opinions on tomorrow?
@Loneranger, re CAD it is lagging strength compared to the other two, so its easy to think going long cad/usd (when looking at NZD and AUD), but historically CAD has led moves, so do you think its the pair to touch when the EUR/USD bounce is likely corrective and USDX is consolidating?