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This thread was started in response to the Analytic:
Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
Ashraf
Hope that u r enjoying your holiday. I guess ur expectation of Dow at 9270 will see before end of the week. I have been bearish on Dow.
Thank you again for your notes. But where do you see the Eur/USD on the short run? I am thinking of going long at 1.4150. Can I have your input?
Regards
Ashraf
thks for the reply and the info :). There is a question I like to ask do you use volume indicator??
Cos currently I reading on a system known as VSA. Over there they mention about professional use it to analyst.... Recent volume is very weak in Pound and someone in the Forex Factory mention Professional are selling waiting for major spike down. What do you think about it??
Regards
A month ago, if ISM did what it did today, major indices wouldve been up 2 or 3% at least. This is a very loud technical message that stocks are tired.
NZD should come down across the board.
CADJPY still seen at 83.80
Ashraf
How do you see pound today?? weekly chart shows bearish divergence forming with macd form lower high and price action forming is higher then the previous low. Dow jjoe also showing tht july 2008 and current price with the macd.