To all from the US - did everyone know that they can now (as of a few months ago or so) open a bank account with the Bank of China in Yuan? I made a bad assumption that because they have rates at higher than 6%, they'd offer a great rate on checking/savings accounts, but that's not the case - I'm not sure exactly but it may not even be over 1%. So unless the Yuan strengthens significantly, it's not worth much.
loudsleeve: long USD/CHF at 93.20. I figured this pair must have bottomed (certainly didn't get in at the "bottom" though). FYI: I asked Ashraf about this pair at the NY Expo and it didn't seem to be on his radar. I believe he said that the strength of the CHF will soon (if not already) cause problems in their economy and that may cause it to go down. I agree, but the SNB has failed LONG AGO with trying to weaken their currency. Seems that the market can actually conquer the central bank...
My take, everything in Libya, and other protesting regions need to calm down before traders stop seeking the safe haven of the CHF. But then again, can this keep falling??? I sure hope not! Stop level at 92.00
What's up with risk aversion and the USD declining? Are new dynamics developing? Or is this just QE3 rumors? Threw in the towel and went long USD/CHF - hoping for a triple bottom, bitter SNB, and a broad rebound in the USD. In retrospect, USD should have been bought against something else - but sometimes it's fun to play with fire when you know you can put it out at some point.
Nice! See you there! BTW - Your tweets are great about the EUR and how everyone expects your calls to go in in a straight line like it's the return of the flash crash. I'm going to look for 1.3250 to short EUR. Sticking with USD/JPY long. A slow-moving granny pair like this is best when I'm not looking at the charts all day. Opened a private practice in August and working "hard". See you in person in Feb.
Thanks Ashraf - yes it has been a while! Sorry to see you won't be coming to NY for the Trader's Expo. I appreciate your thoughts on USD/JPY and everything else!
Long USD/JPY now - we'll see on the target... 85? Weekly stochastics, Bollinger Bands, RSI, and 2 yr. and 5 yr. US-JPN charts look positive for this pair - perhaps even 86. The totally fake recovery in the US may even get it higher. Staying long. Any thoughts from anyone and of course Ashraf would be appreciated!!!
I presume the market is NOT expecting a rate increase from BOC on July 20th? Any thoughts on where this pair is going, along with time-frames. Thanks? I've been doing very well with your IMT's and tweets. Much appreciated!
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)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
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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Here's the WSJ article:http://online.wsj.com/article/SB10001424052748704307404576080222812076888.html
My take, everything in Libya, and other protesting regions need to calm down before traders stop seeking the safe haven of the CHF. But then again, can this keep falling??? I sure hope not! Stop level at 92.00
Threw in the towel and went long USD/CHF - hoping for a triple bottom, bitter SNB, and a broad rebound in the USD. In retrospect, USD should have been bought against something else - but sometimes it's fun to play with fire when you know you can put it out at some point.
I presume the market is NOT expecting a rate increase from BOC on July 20th? Any thoughts on where this pair is going, along with time-frames. Thanks? I've been doing very well with your IMT's and tweets. Much appreciated!