addendum to earlier comments: as of asian Monday pm. we are seeing potential pull back in eurusd, go to 4h chart and see those 3 wicks/shadow showing an up move? Called a rising 3 or sl3. very good risk on the long side (goes lower then the lowest low - OUT). the target? pick your poison: 1. fibo @ 382/1.4551 or 2. 0.50/1.4626. Having said all that, agree with Ashraf, way forward is down due to weekly bearish technicals. Am just trading:)
ALMOST everything (frankly can't think of any but gotta b there)that is short has NOT worked, plus the i-rate differentials vs U.S. are 'no-brainer' and Jim Rogers is very long Eur (he's not purrfect but good nose for trends). Technically I know I am very wrong, BUT price did pop thru the 3 point downtrending trend-line (since may 08). I have to respect that. I do see a '3 bump top ' on the daily '9,3,3' stochs so that's very bearish. But really, I can't discount ze Germans trying to keep the EC together until their voters tell them Nicht. Lotta firepower in the Germany, lots. At best, I'm hedged with bullish overweight...
My question is this: given the 'supposed' size of Japanese Mrs. Watanabes still active in forex, and given the hightened risk in here-to-fore safe assets like Euro bonds and U.S. bonds, is it 'unreasonable' to assume the JPY could trade down to 75 or 65 ? I have to think it would take massive fear on the part of the Japanese to repatriate their JPY thus bidding up their currency.
I only bring this up due to the long term trend (1997+), if we draw some channel lines, and 87 and 82 levels are violated, I could see those lows being possible.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(2 years ago)
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-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(2 years 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 (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years 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(2 years ago)
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US100 vs Nasdaq100
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Race to raise so that they can lower after/during a recession.
ALMOST everything (frankly can't think of any but gotta b there)that is short has NOT worked, plus the i-rate differentials vs U.S. are 'no-brainer' and Jim Rogers is very long Eur (he's not purrfect but good nose for trends). Technically I know I am very wrong, BUT price did pop thru the 3 point downtrending trend-line (since may 08). I have to respect that. I do see a '3 bump top ' on the daily '9,3,3' stochs so that's very bearish. But really, I can't discount ze Germans trying to keep the EC together until their voters tell them Nicht. Lotta firepower in the Germany, lots. At best, I'm hedged with bullish overweight...
My question is this: given the 'supposed' size of Japanese Mrs. Watanabes still active in forex, and given the hightened risk in here-to-fore safe assets like Euro bonds and U.S. bonds, is it 'unreasonable' to assume the JPY could trade down to 75 or 65 ? I have to think it would take massive fear on the part of the Japanese to repatriate their JPY thus bidding up their currency.
I only bring this up due to the long term trend (1997+), if we draw some channel lines, and 87 and 82 levels are violated, I could see those lows being possible.
Thanks for your terrific info and work.