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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
Thanks a lot......I haven't been long USD since June....
FX market is very choppy and unpredictable recently. So I start to focus on long term and valuate currency on fundamental. Because if I get caught, I still can hold my positions if I have enough power to do so.
NOK is one of the soundest currency now. Norges bank will rise interest rate by the end of this year or early by next year.....I think it will be the first central bank to do so. Norway is a very peaceful country, I don't think there will be any terror attack happen there as well as Sweden. We don't against religious.
Good luck!!
Ashraf is most qualified to advise us if this will be the case
Gunjack
I go luck today, because I had my sell GBP/USD stop loss at a 1.6350,
Lots of us lost money today, but you in the other hand made good profit, well done
I have the same problem. I am thinking to exit at 1.6460's level and shorting at higher levels (say1.6610's), I do not like to hedge.
Regards
What is your outlook for oil long term? Do you beleive in Peak Oil and that price will eventually go as high as $300 per barrel?
Thanks
I guess Ashraf will suggest you to hedge it ....maybe long GBP/JPY for a while.........
Good luck!!!
Ashraf do you think we will see 1.63 by end of aug...are therefore bring my puts ITM
Thanks
Gunjack
Which chapter should we read on your book now???
Best regards
Qin