Forum
Posts by "mo"
130 Posts Total by "mo":
6
Posts by Anonymous "mo":
GBP/USD spiked up 150 pip in very short time. Any reason?
Thanks
Following yesterdays BOC comment regarding any farther strength on the CAD will be negative for the economical growth,
Ashraf at what level aginst the USD do you see the central bank will intervene to steam the appreciation of Canadian dollar?
THANKS
I havent read the paper yet I had to go out last night, I will read it over the week end.
Did you miss the most aggressive rally in the CAD I ever seen. It is just breathtaking.
Yes the Canadian dollar had big rally against the USD,, almost 8% in the last 2 weeks . I think it is due for correction next week which will take it to 1.13-1.1425.
I hope the GPB/USD close below 1.6580
Good luck to you
Stock rallying for 9th day in the raw very impressive.
I havent close my position because it is quite small 0.8 lots, I will wait until tomorrow GDP to decide ,My stop loss is above the June high.
i think it is highly unlikely that this rally will continue next week.
I will read the document you send me later today
Did you had any long CAD position today? How many open position do you have now?
I got your email but there was no link or anything attached to it.
I added to my short GBP/USD today ,.The path of less resistance for the GBP/USD is to the down side.
Sorry I was out all day yesterday,, yes you can send me the report into my email address
alsharman@btinternet.com
Kind regard
One of the most bullish starling where -walls forgo -they where forecasting GBP/USD at 1.8 by the third quarter but they revised there forecast to 1.58. Deutsche bank forecast 1.50 by the end of the third quarter
https://www.db-markets.com/portal/mediadownload/CMS/en/2_News_Publications/2.2_Publications/daily/200709-chrtengl.pdf
From Bloomberg
Sterling will weaken to $1.53 over the next three months, according to Stannard. The median of 33 analyst forecasts compiled by Bloomberg is for the currency to end the third quarter at $1.59
I always wanted to visit Norway, I heard it very beautiful place to spend holiday there.
Also glad to see your long CAD positions ended up profitable after all.
I am Currently range trading GBP/USD, selling GBP against the USD with target of 1.60 and 1.58, . I think the pair will end up this quarter around these level.
I am natural about the USD/CAD, but I think there will be a retest of 1.1430 in the next week or so.
good luck to you
I think it is agood oppurnity to buy back into the USD now aginst EURO and GBP for move higher in the rest of the 3rd quarter.