Raise rates? Not for a long time..but jawboning about it you can look forward to. The AUD, CAD and even the EURO will continue to kick the dollar's butt and kick the shorts where it hurts most. The other worthless fiat on the block: da YEN will suffer too but Jap market should like that. Been saying that for a long time... look at the AUD/JPY go!! but what do i know..
AUDUSD has closed above 0.9180. Can we say that it is now on an uptrend ? Is it possible the carry trade in USD will carry on for some time now against the NZD, AUD and gold but not so much against the Euro, esp if it is accepted that the ecomonic recovery in the US will be slow and long, like Japan in the 1990s and Fed unlikely to raise rates any time soon ?
I do not trade in oil but I think it may be risky to short oil. If economy recovers, oil is bound to go up. Even if economy does not recover much, the political situation in Middle East may push oil up.
Ashraf -- the last time I posted here I told you that you were IN DENIAL - with your strong dollar trade and short the commodity currencies, oil and world markets. You are still in total denial; even if your "story" morphs slightly. I've taken the opposite trade as you on many occasions over the past 2 months and just made a killing. Today was my biggest one day profit EVER in 20 years of trading. You make a great contrarian indicator and I fade your calls with pleasure.
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)
Gold, Yields & Nasdaq
Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD...
View Hot-Chart..
Why did you short Aussie at 0.918 ? It may retrace to 0.260 before falling.
Raise rates? Not for a long time..but jawboning about it you can look forward to. The AUD, CAD and even the EURO will continue to kick the dollar's butt and kick the shorts where it hurts most. The other worthless fiat on the block: da YEN will suffer too but Jap market should like that. Been saying that for a long time... look at the AUD/JPY go!! but what do i know..
Are you still bullish on USD/JPY, or do you expect further declines before the uptrend continues ?
What's your target for USD/JPY now ?
Thanks.
AUDUSD has closed above 0.9180. Can we say that it is now on an uptrend ? Is it possible the carry trade in USD will carry on for some time now against the NZD, AUD and gold but not so much against the Euro, esp if it is accepted that the ecomonic recovery in the US will be slow and long, like Japan in the 1990s and Fed unlikely to raise rates any time soon ?
Thanks.
I do not trade in oil but I think it may be risky to short oil. If economy recovers, oil is bound to go up. Even if economy does not recover much, the political situation in Middle East may push oil up.
Do you see the recent rally in AUDUSD as a reversal of the downtrend in Dec or a correction ? What signs to look out for to confirm ?
Thanks