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Unsustainable Appetite in FX, Equities & Oil
We're witnessing more signs of peaking appetite, this time inside the individual Forex pairs, as well as more failure in oil and Chinese stocks
I know that AUD is the most profitable on carry trade, since it has been rising a lot. I think it is a little risk to hold a large position on it for months.
EUR/DKK is fixed exchange rate if you check the chart for 4 years. I think it is much more safe to short the pare just for interest......even currency crisis happen, the pare won't move so much.
Good luck!
OIL will want to test the 67.80 high on hourly chart but sill expected to fail and retreat lower.
GBP still bearish but require confirmation from retail saleshttp://twitpic.com/
USDCAD reiterate support at 1.0980 for a retest towards 1.1120 and 1.1180. but keep eye on very volatile oil.
Ashraf
haha.....I am glad you know that spec is a very bad commentator...
Good luck!
OIL will want to test the 67.80 high on hourly chart but sill expected to fail and retreat lower.
GBP still bearish but require confirmation from retail saleshttp://twitpic.com/ecun5
USDCAD REITERATE 1.0790 support
Ashraf
Mate...let's talk about it offline. I mean the Swedish girls. Or better, let's start a thread ('Swedish Kroner and MUCH More'). I'm SURE Ashraf would give us his EXPERT insight on it as well. When to go short...when to go long - know what I mean. ;) INTERMARKET ANALYSIS at its best!
& hey, HOW can we discount Spec's word on it. Spec, are you listening???
I also calculated for every one standard lot long AUD/USD
You can earn around 2000 euro annually just on interest
I love Sweden a lot.......since I have been living in many countries.
I used to live in Japan for 6 years and New York for 3 years, UK and Canada both for half year. by the way, I left my own hometown Shanghai when I was 18......
I love UK too, but it is just too fast for me....haha.....everyone is rushing their time on the streets in London.
Good luck!!!
Yes I fully understand your strategy; you always sell USD because you think in the long term the value of the USD will go down, which I agree with you.
Asharf have end of year target Euro/USD at 1.55 and GPB/USD at 1.70
So if you have a good funded account, and you can hold positions for long time, then your strategy will work.
Good lick in your positions
Mo
By the way, recently I found out one pare which is very interesting.
EUR/DKK, the rate is fixed if you know. ( check the Central Bank of Denmark home side)
But interest rate is different, Danish Krona interest rate is higher than EUR now....and they can't low down the interest rate again......because there is wage inflation rate in Denmark. I didn't short the pare yet, but I am waiting for the chance to do so......
I calculated that if I short the pare by 100k then I will get swap 1.5 euro everyday. I am thinking about to short it more.......and just earn some interest everyday....
Good luck!!