I'm feeling a little dubious about this SNB intervention in EUR/CHF - I could have sworn they maintained their stance on not wanting CHF strength - especially against the EUR. Any thought? Thanks for all.
chloethebull - yeah - I was hoping for it to rebound back to 1.4500 for a new short entry as well. Now that the rug has been pulled out from underneath it...good question. Maybe 144.50 will be a good short entry, we'll see what Europe does. No data coming out on EUR/USD until unemployment at 8:30am. I wouldn't be shocked if part-time holiday employment keeps the number inflated, allowing for more USD strength. BTW - if you're not already - follow Ahsraf on Twitter, that's where I got the short-term target.
I've now got my eye back on EUR/CHF - SNB, will probably intervene AGAIN (4th or 5th time it would be) if it drops below 1.5050, maybe more towards 1.5000 though --- I think that's a great trade for a large number of lots with very little risk. It may take some time to get the pips you want, and it's too bad the yield differential isn't wider, but it seems very, very safe. Good trading!
Much thanks - EUR/USD target HIT in Asia as you tweeted!! That couldn't have been easier! Some are saying that this last FOMC statement will determine how USD trades until the end of the year - I presume you concur? Is it safe to say you are sticking with 1.4280 is EUR/USD? Thanks a bunch!
My 2 cents - On Yen - anyone who would have predicted a job loss of only 11K and a DROP in the unemployment rate to 10% would have been ripped a new one - even from the bulls. It appears to me that Yen downside emerged because it looked like the US (and perhaps world) was making an enormous turning point. If in fact the world economy was viewed in such a way, who would buy the Yen. In fact, you would sell the Yen, which is precisely what happened. If people didn't begin selling Yen, then a short squeeze in the Yen crosses must have occurred, perhaps both. Economic data, especially NFP's is ALWAYS going to be a marker-mover NO MATTER WHAT the fundamentals were before going into it. Markets are ridiculously impulsive, especially these days. But then again, when it can be explained after the fact, it usually does make at least some sense. I was too darn focused on the USD, that I didn't buy the Yen crosses, and almost want to kick myself for it. Oh well, more opportunities abound...with Ashraf's help - thank you!
Anyhow, Ashraf - I suppose we need to wait and see what happens before speculating on how US NFP's will affect the market going forward? Thoughts? I'm sure you'll write an article on it anyway. Thanks.
Do you still expect profit-taking in Asia tonight? These majors have really shot up since the London session. Thoughts on GBP/USD. It's right at that trend line. Looks tempting, but then again... Thanks
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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I'm feeling a little dubious about this SNB intervention in EUR/CHF - I could have sworn they maintained their stance on not wanting CHF strength - especially against the EUR. Any thought? Thanks for all.
I've now got my eye back on EUR/CHF - SNB, will probably intervene AGAIN (4th or 5th time it would be) if it drops below 1.5050, maybe more towards 1.5000 though --- I think that's a great trade for a large number of lots with very little risk. It may take some time to get the pips you want, and it's too bad the yield differential isn't wider, but it seems very, very safe. Good trading!
Much thanks - EUR/USD target HIT in Asia as you tweeted!! That couldn't have been easier! Some are saying that this last FOMC statement will determine how USD trades until the end of the year - I presume you concur? Is it safe to say you are sticking with 1.4280 is EUR/USD? Thanks a bunch!
Thanks for the tweets and commentary - I was wondering your thoughts on USD/JPY. Do you see much (or any) upside beyond 90.00? Thanks a lot.
No, fortunately I didn't - I'll wait and see what happens with tomorrow's data - oh right, and then there's Wednesday's FOMC statement. Thanks
Yes, indeed it does look likely. Thank you for the reminder! I'm going with the EUR/USD hot-chart as well - thanks for the information.
Economic data, especially NFP's is ALWAYS going to be a marker-mover NO MATTER WHAT the fundamentals were before going into it. Markets are ridiculously impulsive, especially these days. But then again, when it can be explained after the fact, it usually does make at least some sense.
I was too darn focused on the USD, that I didn't buy the Yen crosses, and almost want to kick myself for it. Oh well, more opportunities abound...with Ashraf's help - thank you!
Anyhow, Ashraf - I suppose we need to wait and see what happens before speculating on how US NFP's will affect the market going forward? Thoughts? I'm sure you'll write an article on it anyway. Thanks.
Do you still expect profit-taking in Asia tonight? These majors have really shot up since the London session. Thoughts on GBP/USD. It's right at that trend line. Looks tempting, but then again... Thanks