EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
China's Currency Trick خدعة عُملة اليوان
China's priority to make the yuan a lending currency instead of a reserve or invoicing currency. Here is what/why it means.
Latest Charts EURGBP & Gold مخططات
Here are the latest levels in EURGBP & GOLD discussed earlier with the WhatsApp Bdcst Group.
View Hot-Chart..
At the moment I only have two positions the first is short GBP/USD and the second is long AUD/USD . i hope the reistance line at 1.666 hold.
I am natural about the CAD and the Euro at the moment I am waiting for the FOMC announcement to make decision about the medium outlook of the US dollar.
Good look in your position.
why the GBP is advancing today even that the only news out today were the German PPI which produced an as expected result?
kind regard
YES I also prefer the Norwegian krona but I dont usually trade with them, because the spread is very wide and the interest is not high for me to hold it for long time.
I prefer to hold the AUD the swap is excellent
Good luck in your trading
Yes you are probably right, 1 hour for the New York close and we are still in the green, if it closes like this then expect farther gain in the AUD during the Asian Hours.
Qin As you live in Sweden what is your outlook in the Swedish Krona and the Norwegian Krona?
Well done you are in profit now, what is your profit target in the AUD/JpY ?
Yes the CAD made a late come back today, thankfully I closed 1 lots from my 5 lots at 1.142.
USD fall because of the comment from Pimco and Russia & china , Combined with stock rebound .
You wrote
I long AUD/JPY at 75.5.....and put my stop loss at 75.6
Do you mean you short AUD/JPY ?
Hello Silaman
you can sign for daily and monthly commentary on the FX markets through several Wells Fargo publications at
https://www.wellsfargo.com/com/focus/global_market
You can read bank of New York Melon forecast and currency research for free on
https://gm.bankofny.com/Research/Default.aspx
Good luck
If the Usd/CAD reached 1.18 then I guess Aud /usd will be in the low seventies 72-75. Ask Ashraf for a best hedge for you positions.
Dont worry Qin you be fine.
I was short Usd dollar since March but I closed all my position late May with big profit.
And I start to long USD because I read analysis report from Nick Bennenbroek a senior vice president and head of Currency Strategy for Wells Fargo Foreign Exchange in his report he mentioned that the USD/CAD will appreciate 10 percent over the summer, also at the same time Michael Woolfolk, senior currency strategist at Bank of New York Mellon wrote that the USD/CAD will be at 1.18 in September,
SAXO bank and deutsche bank AG the largest currency trader in the world both forecast USD to appreciate in value over the next 3 months.
Clad you made some profit today, about me I had few small profitable trade today, Still holding into my long USD/Cad position (29K in the green).
I still think that the US dollar will rally farther against all of the majors in the next couple of weeks around until (sep-oct).
Qin do you think it is risky to trade without having a stop loss, specially if you are not hedged ? What is your trading strategy?