Thanks for the comment - I've been busy with work and haven't been closely watching the market - so I think my emotions are getting to me more than I'd like. Also, GBP/JPY is soooo volatile that I always think I can wait for a bounce (skyrocket) before shorting. Unfortunately, I it's been plummeting, adding to my skepticism. Also, being rational in an irrational market hasn't helped much for my margin. I'm thinking about getting in now before the Asian session. Just concerned on whether or not profit-taking will send it skyrocketing after I get in. It's about 156.72 now - perhaps 157.00 or even 156.80 --- but there goes my emotions --- US stocks seem to be "stabilizing" upward. Thanks again and have a great weekend!
Nice charts - All of them!!! I'm excited about the S&P chart, because I just sold all my long small-cap stocks at about 3:58pm eastern. Thanks for the info.
Not be nit-picky but I was reading and got confused - should the GBP comments (underlined) under the chart read: Note how GBP/USD first fell below its 50-day MA in Q3 2008 **** (as opposed to 2009)
So I punked out of my short GBP/USD because I thought equities were going to power on early in the morning. I'd like to get in GBP/JPY but I think if the Asian session starts profit-taking from the huge in the US session, we may see quite a bounce in that pair. And as you know, that pair sky-rockets, it doesn't really bounce. Any thoughts on entry points. Thanks for all. Time for SDS it seems.
I shorted GBP/USD yesterday before Asia. Quite low. Regardless, I'm in at 1.6545, now. I thought adding would be of benefit after I saw job data, that doesn't seem to be the case right now. I can kick myself for not shorting GBP/JPY this morning, but that won't help either. Perhaps you can help? My margin isn't huge - do you have targets/thoughts on GBP/USD? Is key resistance at 1.6630? Do you still feel we'll see 1.6500 and 1.6460? I imagine stocks will determine? Seems like people preferred to buy JPY than USD this morning. Thanks a bunch.
I was about to jump in after the Fed decision, but the market seemed to lack a definitive direction. Anyway, does anyone have thoughts on whether the +118 dow will cause increased risk appetite in the Asian session later? My guess is yes, although stocks are certainly off their highs, and it almost seems like the Yen is actually beginning to gain. Thanks
Equities are due for a pullback - it seems inevitable at a roughly 50% increase since March. We're a 1/3rd into the month, and I don't feel this pair will move that quickly. Under 93.00 is coming, but not so soon - I think the bulls will be stubborn.
Excellent interview on Bloomberg. You had an excellent take on the Fed comments the last time they spoke, do you have any stance on tomorrow's Fed announcements? I've not been able to follow the markets these past few days, so I stayed out. I am with you on tops in equities and commodities. And bullish USD and JPY. I know you say GBP and CAD are the ones that will suffer the most - but I 'm not sure if it's "too late" for now, and whether or not I should wait for a correction upward in GBP and CAD, before opening new shorts. Thanks for your thoughts as always.
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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
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..
Thanks for the comment - I've been busy with work and haven't been closely watching the market - so I think my emotions are getting to me more than I'd like. Also, GBP/JPY is soooo volatile that I always think I can wait for a bounce (skyrocket) before shorting. Unfortunately, I it's been plummeting, adding to my skepticism. Also, being rational in an irrational market hasn't helped much for my margin. I'm thinking about getting in now before the Asian session. Just concerned on whether or not profit-taking will send it skyrocketing after I get in. It's about 156.72 now - perhaps 157.00 or even 156.80 --- but there goes my emotions --- US stocks seem to be "stabilizing" upward. Thanks again and have a great weekend!
Nice charts - All of them!!! I'm excited about the S&P chart, because I just sold all my long small-cap stocks at about 3:58pm eastern. Thanks for the info.
Not be nit-picky but I was reading and got confused - should the GBP comments (underlined) under the chart read: Note how GBP/USD first fell below its 50-day MA in Q3 2008 **** (as opposed to 2009)
So I punked out of my short GBP/USD because I thought equities were going to power on early in the morning. I'd like to get in GBP/JPY but I think if the Asian session starts profit-taking from the huge in the US session, we may see quite a bounce in that pair. And as you know, that pair sky-rockets, it doesn't really bounce. Any thoughts on entry points. Thanks for all. Time for SDS it seems.
I shorted GBP/USD yesterday before Asia. Quite low. Regardless, I'm in at 1.6545, now. I thought adding would be of benefit after I saw job data, that doesn't seem to be the case right now. I can kick myself for not shorting GBP/JPY this morning, but that won't help either. Perhaps you can help? My margin isn't huge - do you have targets/thoughts on GBP/USD? Is key resistance at 1.6630? Do you still feel we'll see 1.6500 and 1.6460? I imagine stocks will determine? Seems like people preferred to buy JPY than USD this morning. Thanks a bunch.
I was about to jump in after the Fed decision, but the market seemed to lack a definitive direction. Anyway, does anyone have thoughts on whether the +118 dow will cause increased risk appetite in the Asian session later? My guess is yes, although stocks are certainly off their highs, and it almost seems like the Yen is actually beginning to gain. Thanks
Equities are due for a pullback - it seems inevitable at a roughly 50% increase since March. We're a 1/3rd into the month, and I don't feel this pair will move that quickly. Under 93.00 is coming, but not so soon - I think the bulls will be stubborn.
Excellent interview on Bloomberg. You had an excellent take on the Fed comments the last time they spoke, do you have any stance on tomorrow's Fed announcements? I've not been able to follow the markets these past few days, so I stayed out. I am with you on tops in equities and commodities. And bullish USD and JPY. I know you say GBP and CAD are the ones that will suffer the most - but I 'm not sure if it's "too late" for now, and whether or not I should wait for a correction upward in GBP and CAD, before opening new shorts. Thanks for your thoughts as always.