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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Aug 23, 2009 1:34
rpats, cable may be one of the least volatile currencies out there, but it still offers wild intraday swings--before reverting near the mean of the day. The chart in this article tells the intraday tale of the last 5 sessions.

Cougr, worth keeping an eye on Japan's election. Big political news but highly unlikely to prompt any meaningful forex change.


Ashraf
Rob
New York , United States
Posted Anonymously
12 years ago
Aug 23, 2009 1:17
Sorry to break up such serious and all well-written thought-provoking comments - i'll do what i can to contribute soon.

Anyway - I'm here now to say CONGRATULATIONS Ashraf!!! "Educator of the Month" of FXstreet!

Thanks for everything Ashraf and enjoy the rest of your weekend!
cougr
Australia
Posts: 101
12 years ago
Aug 23, 2009 1:08
Quote:Spec
"rpats yen has probably been strengthening due to risk aversion from chinese stocks since last month."
Perhaps we could add a few more reasons ,eg Bank of Japans positive tone in comments relating to Japanese economy earlier this month,significant export and production increases being reported,and speculation that oil is topping out and due for a fall.Add to that a few technical ,cyclical and sentiment reasons and we have a partial explanation.
rpats
London, UK
Posted Anonymously
12 years ago
Aug 22, 2009 21:08
Thanks Spec,

I'll keep an eye out on Shaghai for that one and may take a small USD/JPY position.
guess there's a first for everything.

Rav
speculator
Posted Anonymously
12 years ago
Aug 22, 2009 20:58
rpats yen has probably been strengthening due to risk aversion from chinese stocks since last month. since yen is an asian flight to safety rather than the dollar for the rest of the world.

now if china is retracing and then other markets start in us and europe, the the dollar will very much appreciate as risky trades in the stocks and commodities will unwind back to us dollar safety.

obviously this assume stock market pullbacks this autumn and using china as one of my early warning indicators

anauel63
london, UK
Posts: 34
12 years ago
Aug 22, 2009 20:49
We could possibly and will possibly profit on a fundamentaly driven uptrend on EUR/GBP.
rpats
London, UK
Posted Anonymously
12 years ago
Aug 22, 2009 20:34
Spec,
too funny... NOT
I can't attach screenshots of my chart here, but if you open a weekly or monthly chart of cable for last 5 years, you'll see that the trend which opens in Q1 every year more or less continues through out the whole year.

so if Q1 is in uptrend, year closes higher and vice versa...

reg USDJPY, it has to fall in equilibrium at some point between 105-125. i dont follow it that closely hence the wide range but i think JPY's being artificially maintained and the harder they try, the faster it'll fall....!!!

Rav
speculator
Posted Anonymously
12 years ago
Aug 22, 2009 20:19
any ideas anyone?

lets have a brain storm!
speculator
Posted Anonymously
12 years ago
Aug 22, 2009 20:16
rpats im in to cable myself.

why do you think the yen is ralling so hard against the dollar?
rpats
London, UK
Posted Anonymously
12 years ago
Aug 22, 2009 20:04
spec,

I only trade 1 pair - cable. so i can only talk about what I am trading and investing in.

Reason - 2 of the most safest, widely accepted and least volatile currencies in the world.