Posts by "xaron"

Oh yep... still very tired after that football match yesterday. ;) I'm still long Euro, SL at BE at 1.2280, target still 1.2650.

Something very interesting (at least for me):
http://www.tradercurrencies.com/currency-trading/77819/american-states-on-the-verge-of-system-failure/

Some snippets:

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July 1st marks the tipping point of the Great State Meltdown.

...

For years, 48 states have borrowed too much and spent too much just like the Federal Government. But the key difference is: they cant print their own money to pay the bills.

And to make matters worse BY LAW they must balance their budgets by July 1st.

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So I scratch my head about the impact this could have. I guess this could lead to some Yen strength due to risk aversion?

1.2230 (S1) might hold for now. ;)

I went short USD/CNY at 6.77, long term position. ;)

Who knows? ;) I wouldn't do it. You could short if it breaks below 1.2240. It already has fallen about 200 pips within two days. Enough to let most traders think of the continuation of the downtrend. But the sentiment has changed slightly. I think it will go up in the near term.