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Posts by "gunjack"

1237 Posts Total by "gunjack":
1178 Posts by member
Gunjack
(London, United Kingdom)
59 Posts by Anonymous "gunjack":
Gunjack
London, UK
Posts: 1184
15 years ago
Dec 3, 2009 20:39
LOL @ hedgie's comments.

Markets seem to have become range bound ahead of friday's US jobs data
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 27, 2009 10:32
Ashraf thank you for your IMT's useful and profitable as always...one must never get married to a position...price is king for me, and a break of 75.3 was ideal entry point, and target of 73 got hit around 8.10am today. Though surely the unwinding in the markets is being exacerbated by the thin thanksgiving vols as Dubai is too small a financial player to cause a real market turnaround
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 18, 2009 21:16
@NZVIK you make a valid point, technically Gold looks very bullish as it continues to take out every daily resistance just days after they form. Now that we are at unprecedented levels I see little obvious resistance, I think a large overextension could be on the cards here.
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 18, 2009 21:13
Just wanted to add my two cents on the Oil debate for what it's worth....Like the previous poster Asad I was contemplating the oversupply which in theory should be dampening prices.
But in my mind there are a few drivers of the current price - firstly buying is being funded buy an enormous carry trade against the USD. Secondly; the enormous amount of stimulus injected by central banks has created a liquidity bubble forcing investors into a buying frenzy. IMHO a combination of these scenarios are driving prices
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 18, 2009 10:31
@Raulin IMO the big test is if crude breaks 82.4...then next stop 85 and Happy days all round!!
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 17, 2009 14:23
All respect to Ashraf who is much appreciated for his kind advice on FX. But I must stick up for Qin...FX traders are barrow boys who work in a fast paced aggressive environment. Qin is a typical FX trader who is competitive, hence his remarks...Go to any trading floor in the city all the guys there are like that
Gunjack
London, UK
Posts: 1184
15 years ago
Nov 4, 2009 20:48
Oil back over 80.4...
Gunjack
London, UK
Posts: 1184
15 years ago
Oct 29, 2009 17:16
Oil back over 80 again...
Gunjack
London, UK
Posts: 1184
15 years ago
Oct 28, 2009 14:22
Ashraf do you think we are at the start of a rate tightening cycle in most of Europe. Norway raised their overnight deposit rate to 1.5%....could other robust economies follow suit?

Thanks
Gunjack
London, UK
Posts: 1184
15 years ago
Oct 28, 2009 14:18
Ashraf what are your views on Copper...Am hearing alot of big money players are moving out from SPX and NDX and into metals

Thanks