Hey Gunjack, my feeling is if gold can stay in the high 990's by 2:30 PM EST then I won't short it. Actually I'm already short but with a stop loss above 1000.
Does anyone know what Ashraf means when he says "$USDCAD longs take a look at the Aug 12-13 action & what ensued next $$ I took a look and to me it means the USDCAD will bottom at the trend channel line.???
Hey Rob, I use FXCM and CMC Markets. CMC has more consistent spreads however their margin rate is high compared to FXCM. 4% for the EuroUSD 5% for the pound. You need $8000 just to take a one lot position in the pound. If you don't care about leverage because you have enough money in your account then I recommend CMC. Oh yeah, CMC support is really good and their head currency analyst is pretty cool too.
... It appears oil is in the last up wave of the Elliot Wave cycle before a wave down. To suppoft this reversal: 1. Currencies on the brink of a 14 week correction. 2. Gold is finnishing a nice head and shoulder pattern.
Hi Ashraf, The ever so charming Peter Wadkins, currency commentator at Thompson Reuters, speaks in terms of currency cycles. Average is 11 an week cycle. We are now approaching the end of the 11 week cycle in Euro strength. Does this have any impact on your forecasting as I never hear you speak of it? And yes I will be buying your book this weekend! Thanks Bill
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)
Good luck
Bill
Thanks
Bill