Hey, spec I am a big fan of Jim Rogers too. I believe every words he said recently. He sold all his USD recently. And I short USD long commodity currencies.
Hey, Ashraf I fully agree with your idea on USD. The central banks are diversifying their reserve currencies, buying IMF bonds is the example. None of the central bank are talking about it, but I guess everyone is rushing to do it. It will benefit to Euro a lot.
There is one FX strategist said that every time when Euro goes down, I always can get some order from somewhere, and support it. I forgot his name, but I really believe so.
By the way, G8 meeting is finished.....what do you think about next week's market??
Hey, Rob I always check many Japanese profession traders' blogs, because I can speak Japanese. They are talking about selling Yen and bullish commodity currencies.
I am considering sell some Yen and buy some commodity currencies. But be ware that if the market collapses again, Yen will be the first place for safety, maybe not USD again. So be careful of it and always use the stop loss on your position.
By the way, the most thing they are talking about is AUD/YEN. They say that the target for this year is 86.
Hey, Simon I really think that market is using any reason to sell USD now.....
If the bond rising, people will say it will be inflation and short USD and long AUD, CAD.......If the bond drop, they say equity is improving.....the result is selling USD and bullish stocks.
The only question should be the timing now......Hope USD will rise a little bit now......I am very disappointed that I closed my positions before the US report came out today.
Hey, ashraf I really need some advice. I closed my long AUD and CAD, short USD positions before the US report came out. Because the report and today's movement would be good for USD. Unfortunately, I was wrong.
So do you see any profit taking evidence in the near term?? I am wondering that if need to short USD and long CAD and AUD again at this very high price.
I am sitting and watching it now, specially watch USD/CAD, hope it can hold above 1.0950 until tomorrow, maybe make the chart flat again. Then maybe it would be the reversal signal again. Otherwise, USD/CAD will towards 1.05......I don't want to lose the chance.
Hey, Ashraf I agree with your opinion, FED has to print more and more money to flow its market. And they are losing control now because the inflation.....
I think we may see the high inflation before we see the economy recovering.
Hey, Mo I just long AUD and CAD by half position. I think the price is very choppy now. I will entry another half when I see the signal clear. I think there is 50% chance that USD will continue its downtrend, and 50% is USD will rally for a while. Let's see how market play out tomorrow.
Everyone, specially like banks avoid to talk about USD collapse now, I think the rule is like this: don't tell and don't ask. No one is buying USD at this point. USD is a bomb, you never know when it will blow off everyone. Even the central banks are considering about it now...... Maybe I am wrong, who knows.
Good luck with your positions !! I suggest you to rise your stop loss at break even.....
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
I am a big fan of Jim Rogers too.
I believe every words he said recently. He sold all his USD recently. And I short USD long commodity currencies.
Cheers!! Good luck!!
I fully agree with your idea on USD. The central banks are diversifying their reserve currencies, buying IMF bonds is the example. None of the central bank are talking about it, but I guess everyone is rushing to do it. It will benefit to Euro a lot.
There is one FX strategist said that every time when Euro goes down, I always can get some order from somewhere, and support it. I forgot his name, but I really believe so.
By the way, G8 meeting is finished.....what do you think about next week's market??
Best regards
Qin
I fully understand that you are busy with your business.
And thank you for answering me the question.
Best regards
Qin
I always check many Japanese profession traders' blogs, because I can speak Japanese. They are talking about selling Yen and bullish commodity currencies.
I am considering sell some Yen and buy some commodity currencies. But be ware that if the market collapses again, Yen will be the first place for safety, maybe not USD again. So be careful of it and always use the stop loss on your position.
By the way, the most thing they are talking about is AUD/YEN. They say that the target for this year is 86.
Good luck!!
I really think that market is using any reason to sell USD now.....
If the bond rising, people will say it will be inflation and short USD and long AUD, CAD.......If the bond drop, they say equity is improving.....the result is selling USD and bullish stocks.
The only question should be the timing now......Hope USD will rise a little bit now......I am very disappointed that I closed my positions before the US report came out today.
Best regards
Qin
I really need some advice.
I closed my long AUD and CAD, short USD positions before the US report came out. Because the report and today's movement would be good for USD. Unfortunately, I was wrong.
So do you see any profit taking evidence in the near term?? I am wondering that if need to short USD and long CAD and AUD again at this very high price.
I am sitting and watching it now, specially watch USD/CAD, hope it can hold above 1.0950 until tomorrow, maybe make the chart flat again. Then maybe it would be the reversal signal again.
Otherwise, USD/CAD will towards 1.05......I don't want to lose the chance.
Best regards
Qin
I hope your long USD position will be good......because I am waiting for the chance to short USD again....just like yesterday.
Cheers
I just closed all my positions.......looking forward to see the US report now.
What do you think about today's market?? Waiting for the chance to long AUD and CAD again.
By the way.....GBP is so strong......I personally very bearish GBP........
Best regards
Qin
I agree with your opinion, FED has to print more and more money to flow its market. And they are losing control now because the inflation.....
I think we may see the high inflation before we see the economy recovering.
Best regards
Qin
I just long AUD and CAD by half position. I think the price is very choppy now. I will entry another half when I see the signal clear. I think there is 50% chance that USD will continue its downtrend, and 50% is USD will rally for a while. Let's see how market play out tomorrow.
Everyone, specially like banks avoid to talk about USD collapse now, I think the rule is like this: don't tell and don't ask. No one is buying USD at this point. USD is a bomb, you never know when it will blow off everyone. Even the central banks are considering about it now......
Maybe I am wrong, who knows.
Good luck with your positions !! I suggest you to rise your stop loss at break even.....