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Posts by "qin"
482 Posts Total by "qin":
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Posts by Anonymous "qin":
All my positions are in the green now. Just because I short USD, I don't need any hedge right now.
By the way......central bankers will reduce USD holding in long term.....you shouldn't encourage people long USD in medium term, unless USD become extremely cheap.
Good luck.
There is no V recovery, I think all of traders, speculators, and central banks know about it.
And stock market usually don't influence currencies so much but commodities price.
We all know that FED will not decrease its debts but increase it every much more. US trading deficit still remain high in the historical record. It won't be plus any time soon.
You should watch when stock market goes down, Yen start rising, but USD, today is a very good example. Central banks and investors are questioning USD status now.
If we use the theory which is base on the economy text book to valuate USD, it will be worth as toilet paper.
By the way, I think most of us check banks forecast everyday......and we all know that they are cutting forecast on USD. They will cut again soon.
I am not bullish on GBP, but I am more bearish on USD.
I am a question for you.
why are you bullish on USD in medium term? Is there any reason? or just because USD has declined so much this year?
On my view, USA has tripled its debts this year, and there is no signal that they will stop increase debts. They will run printing money as faster as they can......
I just read the paper from Deutche bank's forecast. it said EUR/USD will go to 1.3 by the end of this year. But I didn't find any words about US debts problem and its printing money issue on the paper. The only thing I can find is about trading deficit, but it was just 2 lines.
I can't believe this report is from a bank. I doubt that he must smoke something when he was writing on it.
I think there will be a correction in the near term. but USD will continue declining in medium term and in long term....
US dollar index is towards 72...and will break 70 in long term.
If I am not wrong, you predicted that cable would not break 1.7.......anyway, hope your dog still alive.
Good luck!!!
The speed is accelerating, if you compare to the last few years.
And if you compare to the bond price, USD still have a long way to go to its downside.
I think Ashraf also agree with the view on USD in the long term
Good luck!
USD is collapsing again.....what a nice day!!!
I had a few profits when I closed my positions.
I think CAD will have a correction for a little bit toward 1.12 or 1.13....I feel the same about the paper as you. FX market is very unpredictable. That is why I only short USD, with my long term view.
I am very bearish US Dollar and Pound in a long term.
Last time US dollar rally was made by stock declining and very well selling on US bond auctions.
US bond didn't sell very well this week, stock and commodities rally together.
I am waiting for US bond collapse with US dollar when the gobble economy shows very clear sign of recovery. People will rush to sell US bonds just like they bought recently. The reason is I don't believe that investors want to hold 30 years bonds for 30 years, but only can receive 3% interest every year. I guess it should go to more then 10%.
Good luck with your positions!
I hope you are right, and I hope USD/CAD will go back to even 1.2......which will provide me best chance to long loonie again.
Good luck!
How are u doing recently?? Did you read the paper I sent to you? And what do you think about it?
I didn't trade anything recently........I am closing some of my account and try to open new account in DBFX.
Best regards
Qin