Forum > View Topic (Article)
This thread was started in response to the Article:
Gold & Yen's Perfect Desert Storm
Yen strength still eclipsing USD rebounds during risk aversion. while gold's ascent is better gauged against currencies other than the US dollar.
About your call on shorting cable, is this valid for next Europe session too?
I called cable 1.6630 this morning when it was at 1.6580. i just issued a cable sell on twitter at 1.6625 after failure to break 1.6640. looking for 1.6560. look how oil is coming down. unsure if Asia can sustain the strong Tuesday gains, but cable remains most exposed to Dubai and any retreat in risk. tread carefully
Pollux, daily gbpchf looks to be consolidating but i dont expect much upside beyond 1.67 for now. Next week SNB meeting could prompt CHF selling and further help stabilize the cross.
Ashraf
Do you still expect profit-taking in Asia tonight? These majors have really shot up since the London session. Thoughts on GBP/USD. It's right at that trend line. Looks tempting, but then again... Thanks
Edric, well ow Jpns are getting tougher on their currency we should see some TEMPORARY yen weakness but technically trend remains up fro yen against all majors. prefer EURJPY and AUDJOY to USDJPY because the latter undergoes more scrutinity and political elements. ye i still see 80 in early Q1 in USDJPY
Ashraf
I have just finished reading yr book. I must say it is a REALLY informative book, definitely worth re-reading it again. I am quite new to forex trading and have a few questions for you. You have mentioned shorting EURJPY and NZDJPY instead of of USDJPY, wat's the rational behind it? And if BOJ has mentioned that they are considering weakening the yen against USD, isnt it a bad idea to short EUR since it could be strengthening against JPY instead?
Thanks in advance for your enlightenment :)