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..
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.
GBP/USD is 250 pip up from yesterday lows , is that opportunity to enter short target 1.5940 or there is more room for the up side?
Qin I still think there is more room for farther dollar rally against all the majors in the next couple of weeks.
USD/CAD is heading towards 1.18 and it might over shoot too 1.20 level.
So I defiantly will not advice you to short the USD/CAD now , my end of year forecast of the USD/CAD are about 1.12-1.13, but before that I think we are heading toward 1.18.
This is my opinion
good luck
Thank you for highlighting the wedge but I still think the Cable is heading toward 1.61-1.58 in the next few days/weeks because the fundamental outlook for the British Pound remains somewhat bearish, and next week GDP is expected to at -4.1% . Also the correlation between the GBP to the equity market, which I think they are due for big correction.
Combined with technical bearish signal such as.
1-RS1 is declining in the 4 hours and daily chart
2- MACD has crossed over in the daily chart
3- also the price action from 1.35 to 1.66 in very short period makes any farther rally Unsustainable, any rally is limited.
4- the resistance line at 1.666 has been challenged 4 times but never broken. :))
Dont worry I am sure you will be fine
I will catch up with you tomorrow
Regarding the report today, I think the dollar will rally regardless of the outcome. I.e dollar will rally in any news good or bad .
This will be the norm through out the next few weeks
This is my opinion
good luck in your positions