@AVG, I am also considering JPY based option to take advantage of the possibility of Chinese lending rate. Do you happen to know what time is the China lending rate announcement??
It will come down to timing and the short levels. I am a little concerned about the 123.80 level.
Currently, I am watching the EURUSD carefully, and as unlikely as it seems, suppose it manages break above and head into 137 (now just above 13670), EURJPY should move up and possibly make a run into 124. Also, the pre-Aust open has a tendency to push things higher, and if that happens today, it could again push this higher.
@pipped, feel somewhat relieved to get out of Gold now.
As for today's Asian session, I am just wondering whether the Aussies are going to try and push their index to 5000 -- just as US flirts with S&P500 just below 1150... and maybe have another go at prop it to 92. (maybe at the expense of NZD weakness post flat interest rates)
Anyone shorting S&P500 at this level? I shorted yesterday and holding in red :-)
@Pabloc75 - I shorted gbpjpy 135.15 only to see this shoot up looking like it wants test 136. I am looking at re-enty short on GBPUSD above 1.50 but let's see how things pan out, as I am a little perplexed right now.
EURUSD is like groundhog day as it keeps popping up to 136, and neither breaking above 137 towards 138 high, nor the down move to 132. EURJPY move above 123 also looks like interesting short ???
@Farzan, Good question on USDCAD. I am also long USDCAD. I am looking at s/l just below the Jan 2010 low in the low 1.02. I don't mind holding till parity but I'd question the validity of direction if it breaches 1.02
I am looking for events/catalysts that would drive the pair to the parity, or towards the Nov 07 low. Breakout in Oil above 85? I suppose this could happen, the question is the timeframe.
If this today's NFP is expected to USDX bullish, I hope to see USDCAD higher - thus buying on dips.
@AVG - I plan to add EURJPY shorts above 121 level -- but I am going to do that cautiously and patiently. Let's see what happens with ECB rate /comments, and see how the today early US trading session goes or tomorrow SGT afternoon before the NFP data. I do __hope__ it goes into 122/123 level.
@PippedOff - As for the JPY, I read another analyst suggesting that the rumor on China's revaluation of their RMB will have a strengthening of the JPY. As a light humor, do you think our GS friends have anything to do with secretly buying JPY before the any revaluation story hits the wire?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
Video includes:Levels I'm anticipating before getting back into these 3 stocks; How toprofit from AI's copper and power surgewith English substitles. Watchشاهد
It will come down to timing and the short levels. I am a little concerned about the 123.80 level.
Currently, I am watching the EURUSD carefully, and as unlikely as it seems, suppose it manages break above and head into 137 (now just above 13670), EURJPY should move up and possibly make a run into 124. Also, the pre-Aust open has a tendency to push things higher, and if that happens today, it could again push this higher.
As for today's Asian session, I am just wondering whether the Aussies are going to try and push their index to 5000 -- just as US flirts with S&P500 just below 1150... and maybe have another go at prop it to 92. (maybe at the expense of NZD weakness post flat interest rates)
Anyone shorting S&P500 at this level? I shorted yesterday and holding in red :-)
EURUSD is like groundhog day as it keeps popping up to 136, and neither breaking above 137 towards 138 high, nor the down move to 132. EURJPY move above 123 also looks like interesting short ???
Gold:Best Supporting Role In Economic Downturns? Think Again
I am looking for events/catalysts that would drive the pair to the parity, or towards the Nov 07 low. Breakout in Oil above 85? I suppose this could happen, the question is the timeframe.
If this today's NFP is expected to USDX bullish, I hope to see USDCAD higher - thus buying on dips.