Ashraf, GBP/AUD daily chart looks tempting to go short. How much more of a move down could we expect. It is interesting that we see GBP loosing ground against many other currencies, except the USD. Is it because the market can not decide which one is the least ugly contender ?
I deal wiht two forex brokers, no spred betting. I read and watch (tv eyes) everything that is connected to currencies on bloomberg and cnbc. Read forecasts from several different fx banks, and websites to get trading ideas, meanwhile i study charts all day long to validate some trading ideas (directions), and to create some of my own.Currently i am going over ashraf's book for the second time before I do this online workbook. Basicaly, I am trying to plug myself in on TV, internet, books as much as it is possible. I am not a professional, or can live off of forex for right now. I am trying to gain knowledge and understanding of this creazy market so i can live off of it. I love it.
On the daily chart USD/JPY it is clear that we are in down tranding chanell, and currently on the support line of 90.70 Just from the chart it is expected for the pair to move higher toward 92.50-93.00. Aside form chart, i heard interesting view of JPY relationship with 10 yr. treasuries in the past, and if stocks continie to gain, it would take money out of bonds, what would push the yield up and doing so it would push the USD/JPY higher? Do you see the possibility of the pair moving higher ?
1 ecb is stating they are comfortabe with eur position in the market 2 more spotlight on US trade deficit 3 libor rate shows dollar cheaper than jpy and chf 4 usd is lossing ground since march,-now losses are just accelerating
with the election in japan, and undecision over inflation/deflation trades, i don't think there is going to be any major moves in u/j, but it would be kept in range. I expect picture to change from Sept 1st, with all europeans coming back to work etc...
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موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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with equities going lower, and oil moving higher, how would that reflect on CAD/JPY ? since both currencies are affected by dynamics of the two.
Thanks
have you read a book "currency trading and intermarket analasys" ?
GBP/AUD daily chart looks tempting to go short. How much more of a move down could we expect. It is interesting that we see GBP loosing ground against many other currencies, except the USD. Is it because the market can not decide which one is the least ugly contender ?
I deal wiht two forex brokers, no spred betting. I read and watch (tv eyes) everything that is connected to currencies on bloomberg and cnbc. Read forecasts from several different fx banks, and websites to get trading ideas, meanwhile i study charts all day long to validate some trading ideas (directions), and to create some of my own.Currently i am going over ashraf's book for the second time before I do this online workbook. Basicaly, I am trying to plug myself in on TV, internet, books as much as it is possible. I am not a professional, or can live off of forex for right now. I am trying to gain knowledge and understanding of this creazy market so i can live off of it. I love it.
On the daily chart USD/JPY it is clear that we are in down tranding chanell, and currently on the support line of 90.70 Just from the chart it is expected for the pair to move higher toward 92.50-93.00. Aside form chart, i heard interesting view of JPY relationship with 10 yr. treasuries in the past, and if stocks continie to gain, it would take money out of bonds, what would push the yield up and doing so it would push the USD/JPY higher? Do you see the possibility of the pair moving higher ?
Thanks
1 ecb is stating they are comfortabe with eur position in the market
2 more spotlight on US trade deficit
3 libor rate shows dollar cheaper than jpy and chf
4 usd is lossing ground since march,-now losses are just accelerating
with the election in japan, and undecision over inflation/deflation trades, i don't think there is going to be any major moves in u/j, but it would be kept in range. I expect picture to change from Sept 1st, with all europeans coming back to work etc...