AUD/SGD managed to get supported for now at 100 Daily MA also coinciding with 23.6% fib 2010 low / 2011 high. I am guessing a breath could target around 1.25 coinciding with 38.2% fib or 200 Daily MA and Weekly 50 MA. Looking like an interesting set-up. I may not look for a short, rather go LONG around 1.25 levels risking further drop to around 1.22 level. Keen to get other's views also.
forextrader: Are you able to share your analysis in terms of how it's bullish? Technical / Momentum based indicators looking like a bearish set-up, weekly and daily.
Do you think with the NFP not exactly blow out numbers means this only slightly delays this?
Also, it seems odd though that eurozone debt crisis seems downplayed in the media (bloomberg, cnbc). I am guessing they will step in when EURUSD is closer to 1.22 :-)
Bernanke's IMOPH wasn't too pushy on QE2, at least it didn't appear to be his central theme. Nonetheless SPX and ASX futures had a small shave which may have prevented AUDUSD to prop above parity. I am *hoping* we see _usual_ risk-on Monday Asian session to prop AUDUSD above parity for fresh-shorts barring anything this weekend.
And that fume is likely to continue into all of Monday as Asian markets open with public holidays in Australia & Japan, public holidays continuing into EU and US trading sessions.... Perfect day of stop-loss chasing day ... As things start to sober on Tuesday/Wed, all eyes will be on NFP Friday.... We are going to need a crisis like Dubai news last year during illiquid market for shorts to pay off big time.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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Bitcoin versus Miners Performance
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Firstly, great article and thank you!
Do you think with the NFP not exactly blow out numbers means this only slightly delays this?
Also, it seems odd though that eurozone debt crisis seems downplayed in the media (bloomberg, cnbc). I am guessing they will step in when EURUSD is closer to 1.22 :-)