Yes, still holding it - I decided not to put the stop in at 59.60, the rally Friday just felt too enormous and uncalled for that I figured there'd be a pullback. Thanks for the advice on when to exit the NZD/JPY trade (will do) and explaining the differences in those pairs.
Thanks for all the comments below, learning a lot from others questions and your responses. You mentioned the AUD/NZD short being a good long-term trade. Would you also consider the NZD/JPY short a good long-term trade as I believe you had mentioned it should fall down to about 50? Also, it seems as if it has "no chance" of breaking far above 60 (so no reason to rush and take profits), even if equities sputter out a few more gains before the inevitable pullback. Your thoughts? Thanks for all!
No, I wasn't referring to the "downtrend line resistance..." - but thanks for mentioning that. Interesting article about Grantham, let's hope that possible "freefall leg" he mentioned comes soon, for all of those with risk aversion trades in place. Seems like the Dollar is getting crushed across the board, but the Yen seems to be holding up (at least better than the Dollar). I'm just still wondering what it will take for stocks to go down, considering the stress tests and unemployment numbers were very well received. Have a great weekend!
Very nice analysis - both technically and fundamentally, for equities, currencies, and metals. Considering the above info about the EUR/USD 200-day MA, would you agree that this a great time to short EUR/USD and pretty much be at the top of a downward channel emerging? I suppose we could say that about all the risk appetite trades though, esp. EUR/JPY and all Yen crosses - if in fact this is really the end of the bear market rally. Took your advice and shorted NZD/JPY - thanks!
Any thoughts on those who are long GBP/USD other than going long EUR/GBP - it's seems to want to hold support at 1.5000 - How do you feel about the PPI numbers for the UK? Do you think that will have any significant impact, or should we just keep our fingers crossed that stocks recover? Thanks for your help!
Yesterday's EUR/JPY chart was fantastic -- only thing was that I took profits too early - if there is such a thing. Can't complain about taking profits! Thanks.
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)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
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Do you have a link to your CNBC Arabia interview today? Went to the site and... Thanks
Thanks for all the comments below, learning a lot from others questions and your responses. You mentioned the AUD/NZD short being a good long-term trade. Would you also consider the NZD/JPY short a good long-term trade as I believe you had mentioned it should fall down to about 50? Also, it seems as if it has "no chance" of breaking far above 60 (so no reason to rush and take profits), even if equities sputter out a few more gains before the inevitable pullback. Your thoughts? Thanks for all!
No, I wasn't referring to the "downtrend line resistance..." - but thanks for mentioning that. Interesting article about Grantham, let's hope that possible "freefall leg" he mentioned comes soon, for all of those with risk aversion trades in place. Seems like the Dollar is getting crushed across the board, but the Yen seems to be holding up (at least better than the Dollar). I'm just still wondering what it will take for stocks to go down, considering the stress tests and unemployment numbers were very well received. Have a great weekend!
Very nice analysis - both technically and fundamentally, for equities, currencies, and metals. Considering the above info about the EUR/USD 200-day MA, would you agree that this a great time to short EUR/USD and pretty much be at the top of a downward channel emerging? I suppose we could say that about all the risk appetite trades though, esp. EUR/JPY and all Yen crosses - if in fact this is really the end of the bear market rally. Took your advice and shorted NZD/JPY - thanks!
Any thoughts on those who are long GBP/USD other than going long EUR/GBP - it's seems to want to hold support at 1.5000 -
How do you feel about the PPI numbers for the UK? Do you think that will have any significant impact, or should we just keep our fingers crossed that stocks recover?
Thanks for your help!
Any thoughts on BoE and ECB interest rate decision would be greatly appreciated! Thanks
Yesterday's EUR/JPY chart was fantastic -- only thing was that I took profits too early - if there is such a thing. Can't complain about taking profits! Thanks.
Is NZD/JPY hot-chart with H&S and 50 target still valid? Thanks