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Posts by "rob"
366 Posts Total by "rob":
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Posts by Anonymous "rob":
If past performance is any predictor of future performance... During the March lows in US stocks the Pound traded under 1.38 - even if stocks don't fall as much as the March lows, it should still go under 1.41 - I think the UK's credit rating will be key!
I'll leave the technical analysis to you techies - Good luck everyone
Wow, NZD/JPY and GBP/JPY already dropping like you said! thanks for all
In your latest IMT, you said GBP/USD going down - why so with risk appetite and equities still in full gear, along with Asian stocks most likely rising after US? I would suspect like any other risk currency that it goes up. I know it's ready for a pullback considering the UK fundamentals, but I would think that wouldn't occur until sell-off in equities next week/month -
Also, your thoughts on gold would be most appreciated as well.
Thanks
I appreciate your latest article and "clarifying the conclusions" in your IMT, I just haven't figured out bonds yet - which pair do you think will move the most on tomorrow's Fed announcement (up or down, unless of course you have an idea already) - EUR/USD, etc. - and will silver follow gold if they announce more purchases? I noticed it broke a little below the 12.6 support, still eyeing 13.85? thanks a lot Ashraf!
Obviously the technicals are in line for another drop in equities. What about the fundamentals? With economists saying that the worst quarter was the 1st, what would prompt such a sell-off? Other than the Swine flu, because the technicals were certainly in line before the mention of that, what do you see fundamentally? Also, do you have a target for SDS? Thanks Ashraf
I'm not sure what defines a rally, but would you say that we've hit the highs of the DOW and S&P for this bear market rally and it's relatively safe to go with the risk aversion currencies and hold them for a while, generally speaking? Or do you think we have to wait out the 2-month cycle (another 2 weeks) you mentioned in your article "here comes the 2-month rally." Thanks for everything!