Anyone have thoughts on holding on to GPB/USD past 1.70? Or should we just take 1.70 as exit and not be greedy? Wondering if that will act as resistance, or major support? Thanks all!
Agree djellal - GBP/USD 1.70 - high from August '09. Probably strong resistance there for a double-top, unless a rate increase really does become imminent - then maybe it blasts through 1.70 and acts as a good support. But Ashraf is the master technician, not I.
BOJ - will probably have to do more, especially if the JPY weakens
BOE - will have to begin talking about raising rates, even if they don't actually move
FED - won't raise rates until 2016 unless we see a much better upturn in data, but will be tapered off, while Japan destroys the Yen
Unless there's a major stock correction of 15% or a major event, I don't see those levels coming up. Sentiment is neutral and perhaps leaning towards bullish.
Thanks DaveO - makes sense because it does seem fairly random. I did think their was a specific weight towards them though; because I thought the "yen crosses" are called that because of their correlation to USD/JPY. Anyhow - perhaps Ashraf can shed some light - if there's any to be shed. Thanks again DaveO
Hey everyone - perhaps a question I should know the answer to considering I trade...but I'll ask anyway.
What's the weighted average for how much a yen cross is affected by its dollar pair? For example, how much is GBP/JPY affected by USD/JPY compared to how it's affected by GBP/USD?
Been way too long! Hello all! It's been since year 1 if I recall correctly.
Ashraf and other chart geniuses - question ?
Can it be said that EUR/GBP monthly is at the top of a 4-5-year downtrend channel (November '08 high of 98.023) if you drew parallel lines along the top and bottom (trend).
Admittedly, I'm a novice (or below) technician. Just something I saw, and see now, there's no charts to illustrate it.
Unfortunately, I see war with Iran causing fear-based gains and printing presses rolling full-speed (with or without war). After the US election of course. Media seeds are being planted already so it won't be a huge shocker when the day comes. Silver at around $60.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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BOE - will have to begin talking about raising rates, even if they don't actually move
FED - won't raise rates until 2016 unless we see a much better upturn in data, but will be tapered off, while Japan destroys the Yen
Unless there's a major stock correction of 15% or a major event, I don't see those levels coming up. Sentiment is neutral and perhaps leaning towards bullish.
We shall see
I see 180.00 in GBP/JPY, not 160.00 - barring any major geopolitical event.
Best of luck if your money is where your mouth is - mine is not - I just like to jump in and buy the dips for 30-50 pips a couple times a week.
What's the weighted average for how much a yen cross is affected by its dollar pair? For example, how much is GBP/JPY affected by USD/JPY compared to how it's affected by GBP/USD?
Thanks in advance,
Rob
Been way too long! Hello all! It's been since year 1 if I recall correctly.
Ashraf and other chart geniuses - question ?
Can it be said that EUR/GBP monthly is at the top of a 4-5-year downtrend channel (November '08 high of 98.023) if you drew parallel lines along the top and bottom (trend).
Admittedly, I'm a novice (or below) technician. Just something I saw, and see now, there's no charts to illustrate it.
Off to Ireland tomorrow!
Best (trading) to all,
Rob
Unfortunately, I see war with Iran causing fear-based gains and printing presses rolling full-speed (with or without war). After the US election of course. Media seeds are being planted already so it won't be a huge shocker when the day comes. Silver at around $60.