The inflation needs to be harnessed i dont think ecb inflation problem is as severe plus ecb has to consider a number of economies b4 rising rates. Three members already voted for a rate hike as far as BOE is concerned and that clearly shows that they are sending signals into the market for a possible rate hike.
talking about makro economy , the capitalist system itself is failing and its not just the banks in europe but also in US , if cat is a real economist the only currencies u can bang on long time are the commodity currencies rest all are and will be in trouble and not just euro . The britishers and USA are surviving by looting the resources of other countries for a long time, shell, british petroleum big oil blah blah blah. The euro zone however is different they have an inherent economy which can be troubled but not fail. Dollar and GBP are the long term bears. The very reason we are seeing the banks diversifying there reserves to gold instead of dollar because dollar is going down big time long term.
its always good to buy USDX below, 77 but than one must have a deep pocket to do that. BTW USDJPY at 82 is something which makes me think aswell and i am pretty sure that we are reaching a change in middle term trend soon.
Catnip u will have ur day soon, but betting so hard on euro shorts is something which can keep u away for long times from the market. Atleast last 4 months are blue long juicy candles in euro. U must explain ur trading way to the peeps and that u trade positions in a long term coz if some day trader accidently looses money coz of ur calls he wont be pleased.
Dont be so confidant about it tony, btw why do u want to play aggressive shorts. The trend is upwards u can play aggressive longs that looks logical but playing aggressive shorts is not something i will look for. You wanna go short i will suggest that u must be able to keep adding till 1.44 and a big stop at 1.45. I aint ready for that kind of risk.
Euro daily is definitely over bought, but all we are gonna get is a good correction but i think its not yet the top, tomorrow is NFP we may get a top b4 that. I am betting on that however if i get a good pullback b4 NFP i will go aggressive longs.
well u can always earn if u are smart enough but the real problem is that rookies arent that smart it takes them some time and some money to get to what u are talking about.
Dave there are only two directions in fx so either u are going long or going short there is no multi directional approach here, i aint talking about methods i am just talking about two directions. So logically only one way is 70 % correct the other is 30 % correct , u may trade watever u want but if u aint following the 705 of the move u will reduce ur chances of winning. I said reduce if u know english a bit .
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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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The inflation needs to be harnessed i dont think ecb inflation problem is as severe plus ecb has to consider a number of economies b4 rising rates. Three members already voted for a rate hike as far as BOE is concerned and that clearly shows that they are sending signals into the market for a possible rate hike.
Stop fooling the people.
Euro daily is definitely over bought, but all we are gonna get is a good correction but i think its not yet the top, tomorrow is NFP we may get a top b4 that. I am betting on that however if i get a good pullback b4 NFP i will go aggressive longs.