OK. So now what? I am looking at the 233 day EMA right below Friday's low, which is also a confluence of a major 382 fib for the year's bull rally. Look at me: I didn't believe the bull rally, and now I am criticizing the bear. I should be locked up.
Equities will pull back due to lacklustre earnings in the banking sector, leading summer bulls to take profit now. Meanwhile, we saw at the end of the trading week how that the strong euro is taxing the eurozone's export sector and the ECB is going to have to gently talk down the Euro in order to placate European manufacturing interests. I believe that the central banks agree with JCT's suggestion at this point that an ultra weak dollar is already destablizing the price of crude oil, and that dovish rhetoric will soon be all the rage in order to prevent a repeat of the summer of 2007.
Jamie Satelle over at fxcm seems to think that EUR/NZD is due to launch. He sees a bullish base forming from the 14 AUG 09 low. I do note that the September post NFP low (a 2.0731 wick) seems to have double bottomed with the August low, but did not close below Jamie's base line. Also, I found it noteworthy that notwithstanding the likelihood at Gold is going to $1250 and AUD to .9023, EUR/NZD did not break down against kiwi along with the USD post September NFP. My own view is that the New Zealand bank folks are going to do their dead level best to chill the kiwi bulls this week. And so, I am long @ 2.0885.
There is a .618 monthly fib fan line predicated on the December 2005 low and last winter's double top highs.
So, I have all weekend to sweat, but it's like this: I called the GBP/JPY double top after the August NFPs, and then chickened out in Asia on Sunday night. If I had just believed myself and closed my laptop for a month, I would have made 1400 % on my money.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
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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
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Equities will pull back due to lacklustre earnings in the banking sector, leading summer bulls to take profit now. Meanwhile, we saw at the end of the trading week how that the strong euro is taxing the eurozone's export sector and the ECB is going to have to gently talk down the Euro in order to placate European manufacturing interests. I believe that the central banks agree with JCT's suggestion at this point that an ultra weak dollar is already destablizing the price of crude oil, and that dovish rhetoric will soon be all the rage in order to prevent a repeat of the summer of 2007.
Jamie Satelle over at fxcm seems to think that EUR/NZD is due to launch. He sees a bullish base forming from the 14 AUG 09 low. I do note that the September post NFP low (a 2.0731 wick) seems to have double bottomed with the August low, but did not close below Jamie's base line. Also, I found it noteworthy that notwithstanding the likelihood at Gold is going to $1250 and AUD to .9023, EUR/NZD did not break down against kiwi along with the USD post September NFP. My own view is that the New Zealand bank folks are going to do their dead level best to chill the kiwi bulls this week. And so, I am long @ 2.0885.
There is a .618 monthly fib fan line predicated on the December 2005 low and last winter's double top highs.
So, I have all weekend to sweat, but it's like this: I called the GBP/JPY double top after the August NFPs, and then chickened out in Asia on Sunday night. If I had just believed myself and closed my laptop for a month, I would have made 1400 % on my money.
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