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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
Asad
I've collected a MASSIVE *heheh* 200 (short) pips on oil...and still looking for more! As I say...
- Friday is a gamers' day (yet again!)
- No matter what the analysts say...oil is overpriced (amateurs rule!)
Again, we'll see 75 before 85... :)
Asad
...actually I don't think we will see any of both levels...
You're cornered mate...by two stalwarts of the Forum! Give up or... :p
Asad
Asad
i refer you to a 20 year chart of the dollar index and PPP then quote on its valuation. QE will be only a short term variable as once they reverse most excess liquidity will be taken out of the system when the government sells bonds rather than buys. The dollar should be higher next year. Also note that the dollar is very bearish and short against more currencies. thinking that the dollar will keep falling is an emotional response. the reveral of the dollar likely to be very quick as risk trades rapidly need to unwind.
Being a novice at forex...even I know that your overvaluation is a bit overstated... :)
Asad
Thanks