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by Ashraf Laidi
Posted: Jun 24, 2009 14:06
Comments: 182
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This thread was started in response to the Hot-Chart:

USDJPY 4-week Cycles

 
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rajesh68
Singapore
Posts: 60
15 years ago
Jul 23, 2009 19:28
Hi Forextrader, what could be the reasons for this?
forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 23, 2009 19:22

Hello rajesh68

The opposite scenario happened between between early Feb and Early march
At that time the stock market fall by more than 10% but at the same time the Euro mange to hold it self, and the when the stock rallied in mid march the euro went up with it.

Now the opposite, the USD mange to hold it self despite the huge rally in stock, if next week stock market start to decline expect a big rally in the USD .
rajesh68
Singapore
Posts: 60
15 years ago
Jul 23, 2009 19:14
Is it due to Fed not changing the interest rate?
rajesh68
Singapore
Posts: 60
15 years ago
Jul 23, 2009 19:09
what could be the reason for divergence between huge rally in stocks and EURUSD going down?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jul 23, 2009 19:03
Hey, forextrader
There is a very heavy option just the EUR/USD 1.430.....if the pare break the level, you will see it moves to 1.45 rapidly.....just like how CAD is outperforming today.

Media is changing its tone about forecast on EUR/USD now.....if you check the news everyday.

I don't know how about you guys, if I have long USD position and I get caught, I won't sleep very well. But if I get caught on short USD position, I will leave it and take time to do other things.
I don't have any US dollar in my protect now.....it makes me sleep very well everyday.

Good luck!! everyone!!!!
redstone
UK
Posts: 25
15 years ago
Jul 23, 2009 19:01
Forex I hope your right otherwise its Hari kiri for me
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 23, 2009 19:00
@redstone v good...think greenspan summed it up best..."Irrational Exuberance" is what these mkts seem to be displaying again
speculator
Posted Anonymously
15 years ago
Jul 23, 2009 18:59
i agree with that forextrader.
forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 23, 2009 18:48
hello
Guys if some one told me 2 weeks ago that sp 500 is heading for 10% rally, I will of said GBP/USD at 1.70. Euro/USD at 1.47

Dispute the huge rally in stocks Euro still at 1.425 GBP 1.652
In my mind this is a very bearish signal, euro/usd at 1.38 and GBP/USD at 1.58 in the next two weeks.

Dema
redstone
UK
Posts: 25
15 years ago
Jul 23, 2009 18:45
GPB/JPY now through 157 !! cant believe it. DOW over 9000 yet all predictions were towards 7800 .And still climbing. Have I missed something here ? eg America now debt free or China GDP now 10% or average british house price now 400,000 as of tea time today .
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