i like the sneaky way russia started pulling some of its US bonds, watch out for more sneaky signs, i just don't think any more good news is left to come, surely its time for a retest of indexes support levels?? whose going to blink first though :)
ashraf thanks for the green light, but i do beilieve we need a better editing forum facility, you might need to police arguments, which might take up even MORE time! i don't like EURUSD shorting, not quite yet, best to follow the trend up we have a huge US auction these next few days, looks like equity markets are holding and the MOMENTUM is OUT of dollar, Euro is for next week i think, bad news is coming out of europe though, but i would'nt want to pull the trigger on the EURUSD just yet.
i nearly bought gbpusd@15825 , about 2.30pm gmt. it then went over 40 minutes to 15930+ , now thats nice profits, i was scared though its been a bit market up and down by over -/+100 , entry and exit points are a bit hair raising, i see that nzd is scared of a downgrade, is AUD still strong against the dollar for tomorrow ? what range am i looking for, im hoping to get in sometime AFTER news of the US bond auction, is this a good strategy ?
thanks ashraf, i can just about keep up with you on gbpusd, everything else is a blur, this week i think is going to blow my mind, especially if countries step in to support $, i think its posturing, but i remember BoJ on the yen in the 90's at about this time actually , everyone winding down for summer and bam! the bank crisis hit and traders being burnt on BoJ imf interventions, so im staying alert for support after failed auctions. i love the way we have end of contracts , auctions and MA's converging this week.
a small thought on breaking USD / equity trends/correlation, in a world of low interest rates, any yield on shares is better than no yield on cash, in fact anything is better than cash. I think attention on the dollar is going to intensify next week though, it seems the penny has finally dropped with S&P making noises about the UK, the US, i think is a case of the king has no clothes. I have to agree Ashraf you got cut short on BNN at the end, which was your most interesting point. cable target, even if equities retrace moderately, 165 , the reverse head and shoulder i can't really see it, theres a possible right reverse shoulder at maybe 180 !! , my feeling is the GBP has no more legs in it and GBPUSD is rising only off of dollar weakness, born out by the bond market. Time to look elsewhere for big moves, EURUSD AUDUSD AUDJPY USDJPY , im favouring a big move in AUDUSD , theres a lot of metal action and dollar weakness , i haven't watched this pairing atall, is it time to get focused on this pair?
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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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i don't like EURUSD shorting, not quite yet, best to follow the trend up we have a huge US auction these next few days, looks like equity markets are holding and the MOMENTUM is OUT of dollar, Euro is for next week i think, bad news is coming out of europe though, but i would'nt want to pull the trigger on the EURUSD just yet.