Posts by "stationdealer"

CAT why so glum on EURO my friend? It just gave an easy 150 and can likely shed some more price levels now that it has triggered some stops. Right now Im not that worried that Euro will go higher, what concerns me that end July mid Aug Euro may not be suggesting a clear break.

Remember July Aug are just slow month, but euro and gold seem to be two significant instruments giving good returns so why not trade them.

12850 for now will stay as a significant resistance

A hidden world, growing beyond control

The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work.
http://projects.washingtonpost.com/top-secret-america/articles/a-hidden-world-growing-beyond-control/


The Icelandic Post-crisis Miracle
Iceland is, of course, one of the great economic disaster stories of all time. An economy that produced a decent standard of living for its people was in effect hijacked by a combination of free-market ideology and crony capitalism; one of the papers (pdf) at the conference I just attended in Luxembourg shows that the benefits of the financial bubble went overwhelmingly to a small minority at the top of the income distribution:
http://krugman.blogs.nytimes.com/2010/06/30/the-icelandic-post-crisis-miracle/

1.3360/80 will be area to sell above 134.40 and if the daily candle does not closes below 13190/132 area then we are likely to stay in a up trend again temporarily

In other words moving sideways much of the time till we emerge into a breakout position. i my view loonie is selling again if we do not see a rate hike. In case that happens, tomorrow will favour buying dips the following day, especially if china continues to stay big in the new. Although I'm tempted to go long GBPCAD right now 1.6070 hold for target 1.6370. But I have enough positions in it already.

Added new sell in GBPAUD at 1.7635, I can pretty much see it bottoming out right around 1.7385 ATM, but hoping to get at least 1.7225 out of it.

Expecting EURCAD to hit 137 today which was has been my target since last month.

CADCHF coming from a high of 1.0030 is likely to dip further today but again is favoured as a buy on dips. Targets 1.0160, 1.0270, 1.0325. While CADJPY is likely to reverse today while staying in a up channel. Targets in mind 83.30, 83.85, 84.45 in a attempt the pair is to stay in a continuation trend.