Posts by "raulin"

Pipped off . There is no such thing as cable cartel . Cable can be very difficult to trade and when it gets bullish it can be very bullish and bearish same. The eur/gbp is one of the more boring currency pairs it just needs to see some action and there is nothing in this action that shows fundamental change in perception or it indeed disturbs elliott wave count of a flat being played out so trade what you see not what you want to see

Looking at u/j charts again it is very interesting very bearish daily candle weeklies bullish and monthlies bearish...I can see u/j pulling back as far as 90.70 maybe most of that will have to come in Asia not sure but quite a few of yen crosses looking bearish which I am finding difficult to tie in with expected equity rally Mon but that is what I get from looking at charts except euro/jpy which as usual is a mess

Ashraf On a different note . What do you think of Cristiano Ronaldo as a player ?I am a big Messi fan and think he is a more decisive player but have tough arguments with my sons (Real Madrid fans). Messi vs Cristiano ...cast your vote

Hi Chloe . The jobs news out of US and CAD not good but equities don't give a stuff about jobs we have seen this time and time again the so called "job less" recovery as there does not seem to be any severe downturn in consumer spending ...get that and equities will fall. Remember CAD strength not all about oil. Banks for eg.are less leveraged and better regulated . I would agree that high oil prices not great for equities Dow transports will be down for example and companies profits less but just because equities strong does not mean oil has to go down it has technically looked very strong and would need to break below 64.64 its 50 wk MA for me to get bearish. Strong resistance at 8800 previous support on weeklies.

Ashraf on u/j I see 75.12 tops medium term next 1-3 months (I don't see US raising interest rates till Q3 at least but wonder if 72.20 will hold to downside (I can see possibly 71.50).If stocks rally on Mon as they have been tending to do, then do you expect yen to strengthen in Asia ie U/J DOWN and weaken in europe/US U/J UP until we see equities reverse possibly Wed onwards. I am looking at it closely with regard to gbpjpy which is at the 148.20 mark again below that number I am bearish but wonder how much further yen weakness will carry it up? I see 153 tops on it short to medium term and overall bearish.