@mont-gbp is nothing but a pure momentum play. It certainly received some goosing from eur/gbp. I'm not really so that one isn't ripe for a short. between eur and gbp, I usually pick the one based contra off the last big move in eur/gbp. That would mean shorting gbp as if there is a rebound in eur/gbp, it would benefit euro to upside.
Im gonna short aussie at 2:01 pm ny time, after the longs receive their four days worth of premium. aussie has looked very weak, and I don't suspect gold to hang around 1137.5 either. Gonna short one lot of gold with a limit at 126.3
@said: 1.4483 to 1.4472. what kind of range is that?
Have only been able to scalp, then run for the exits before getting steamrolled. Long USD has not been the place to be.
The positives I see are Usd/chf hanging in their with a long base. It's going to breakout eventually. I was hoping on the upside. However, not so confident after seeing what happened to usd/cad today.
usd/jpy also hangin' in. However, that thing can lose 75 pips in a heartbeet, and at that point would apparantly be abandon time.
eur still not impressive on the upside. However, gbp can lend it some of it's muscle from the last two days.
What are you thinking. Dollar bullish not feeling so right anymore.
Eur/usd up 220 pips since U.S. NFP report just last Friday. Gbp/Usd (the short term darling of the market) is up 270 pips. Once the UK data clears, these two pretenders will keel over in exhaustion.
Hang in there. Eur and gdp don't have much further to rise. You are corret, it's just the daily excersize of stop-running, but really, who in their right mind is goign to bid eur or gpd more than 100 pips higher? Then they come down to complete their round trip. May take a couple of days but that is how the FX game is manipulated, er, played.
I prefer to call them The Big Boys using their BOY Toy Eur/GBP to run stops. They will whipsaw everyone who dares trade this market.
These moves ar similar to what you see in times of light liquidity. They do it bcause, well, they can. Free money for the Big Boy Money Makers.
What I find simply astounding at the moment is aud getting whacked, eur struggling, yet gbp being strong. Oh yeah, just look at eur.gbp sitting at .8965.
it appears usd.chf has carved out a nice (shorrt-term) bottom here. It is actually continuing to make way, currently at 1.0185. To me this is another "ally" on the side of usd, as it is grinding higher while eur.usd remains stagnant at 1.4485.
At what point do you close the short, or is it like a paired-trade to short usd.chf while shorting either eur.usd or gbp.usd, an you don't leg out. Do you close both at the same time?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year 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(1 year 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(1 year 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 (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year 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(1 year ago)
We'll find out in an hour
Seems like every "major" economic report lately has been pro-usd selling. Hopefully time for a change.
I expect 50 pip move from aussie either way.
Im gonna short aussie at 2:01 pm ny time, after the longs receive their four days worth of premium. aussie has looked very weak, and I don't suspect gold to hang around 1137.5 either. Gonna short one lot of gold with a limit at 126.3
@said: 1.4483 to 1.4472. what kind of range is that?
Have only been able to scalp, then run for the exits before getting steamrolled. Long USD has not been the place to be.
The positives I see are Usd/chf hanging in their with a long base. It's going to breakout eventually. I was hoping on the upside. However, not so confident after seeing what happened to usd/cad today.
usd/jpy also hangin' in. However, that thing can lose 75 pips in a heartbeet, and at that point would apparantly be abandon time.
eur still not impressive on the upside. However, gbp can lend it some of it's muscle from the last two days.
What are you thinking. Dollar bullish not feeling so right anymore.
Good trading...
Eur/usd up 220 pips since U.S. NFP report just last Friday. Gbp/Usd (the short term darling of the market) is up 270 pips. Once the UK data clears, these two pretenders will keel over in exhaustion.
Don't miss the fall. Good trading...
Hang in there. Eur and gdp don't have much further to rise. You are corret, it's just the daily excersize of stop-running, but really, who in their right mind is goign to bid eur or gpd more than 100 pips higher? Then they come down to complete their round trip. May take a couple of days but that is how the FX game is manipulated, er, played.
I prefer to call them The Big Boys using their BOY Toy Eur/GBP to run stops. They will whipsaw everyone who dares trade this market.
These moves ar similar to what you see in times of light liquidity. They do it bcause, well, they can. Free money for the Big Boy Money Makers.
How "badly" will the Chinese hike in reserve requirements affect the usd/jpy pair?
it appears usd.chf has carved out a nice (shorrt-term) bottom here. It is actually continuing to make way, currently at 1.0185. To me this is another "ally" on the side of usd, as it is grinding higher while eur.usd remains stagnant at 1.4485.
At what point do you close the short, or is it like a paired-trade to short usd.chf while shorting either eur.usd or gbp.usd, an you don't leg out. Do you close both at the same time?
They know they must get eur over 1.45, gbp over 1.61 and aud over 0.93 before europe opens