Forum > View Topic (Article)
This thread was started in response to the Article:
Exiting the Exit Strategy
Bernanke's FOMC will use "disinflationary" reference to containing yields rather than benign growth. Thursday is his 2nd chance.
What do you think of EUR/USD? Well in the overbought territory dont you think.
Ali
USDCAD will retest 1.16 and 1.1640
Ashraf
Ali, ive always talke about AUDUSD beong long term buy, but it does not mean one cannot make money shorting it during falling equities. Yed, id rather SELL AUDJPY than AUDUSD.
How far could AUDUSD retrace? looks like we're at the end of wave 3, which started in early March, so perhaps we could retrace to 0.75 by end of summer. i still prefer to see NZDJPY and NZDUSD. We shall see
Ashraf
Very well said.
I am currently short on EUR/USD as well as AUD/USD based on my hypothesis that the S & P has topped for June and may see a decline in the forthcoming weeks. We have had a considerable increase in the S & P as well as increased trading in high risk high yield currencies like the AUD. I think it may be time for a strong reversal but obviously I could be wrong. The Euro has a busy calender week ahead of them which may assist in my short position.
What are your thoughts on this angle?
Best Regards,
Ali from Australia
Do we have a weekly bearish "hanging man" reversal in USD/CAD? Doing my best to learn basic chart patterns. Thanks
Ashraf
I linked to those because Ashraf had commented to me on his site that I should look into the Rothschilds and wars in relation to a question I had asked him.
Simply news. Glad you (and hopefully others) found it interesting.
http://www.huffingtonpost.com/2009/06/26/michele-bachmanns-census_n_221427.html
(check out the vidoes)