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Aussie's Risk-Based Bounce
Despite another big rate cut, Aussie seen carrying prolonged gains along with further pullback in the VIX.
1. EUR/USD : seems like from 1.2760 Forms the intermediate stage bounce the signHelps along with stock market's rise. But Europe's interest rate prospect and the economical fundamental plane's condition will look like unceasingly continually will also worsen. Then you thought that looked from the technical position, When the exchange rate bounces the opportunity which spot position is sells to?
2. USD/JPY: On Thursday Friday The exchange rate once largely bounced 92.20 Area.
An item of morning market puts in order in here, Whether you also do maintain to it fall the invariable viewpoint or, from 88.50 The bounce maintains the extension path 94.60
Or is higher Helps along with stock market's rise. If the supposition US rescues in the city plan short-term not to be able to be able to lay down the foreshadowing through Senate's authorization to the risk mood further elevation of temperature.
Wants to listen to your suggestion
Many thanks!
The pair CAD/CHF up 100+ pips today. Is it possible for you to specify stop loss for pairs you recommend? It only helps. I am not familiar with this CAD/CHF, I do not know when to cut loss. Thanks. What is the stop loss for this pair to target 0.9200, what time frame?
Keep up the good work.What is the reason you see Cable capped at 1490 besides the 50 day moving average.
JPY is quite low against many currencies now. Is it a good time to buy it now?
If yes, against what (USD, GBP....)?
Thanks
Ced
http://www.ashraflaidi.com/hot-chart/?a=347
Amit, yen fell across the board on improved sentiment and stocks, hence it fell against USD, GBP, AUD, etcc
Ashraf
How do I get to access hotcharts? What is the website address? Thanks.
Wonder what the USD/JPY jumps today were?
News related, or over sentiment on yen bullish calls?
WAQAR, normally CAD does go up during improved risk appetite but as you have seen yesterday, the rallies in equities have been short-lived and so have the gains in CAD. Once we get the next rally of about 15-20%, we can expect USDCAD towards 1.20s
HAMISH, do not compare AUDJPY with NOK related exchange rates as it remains volatile (like you said). Nonetheless, it did test the 60 yen level twice over the past 36 hours. Yen crosses are volatile. But take a look at the USDNOK chart for instance. long consolidation, which indicates failure to break out i.e. next leg is most likely down (due to fundamentals).
Ashraf
You mentioned improved outlook for Cad as risk appatite improves.what is your call on UsdCad in the short term.