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$1.32 Euro Under Construction
The deteriorating momentum of sovereign concerns in the Eurozone & further dissenting rhetoric from FOMC to weigh further on EUR & other risk currencies.
EUR/USD has dropped to 1.3720 from 1.3790.... How abt gng long to this pair at 1.3720.....
Aussies acting as if aussie dips below 0.900, the entire country will cease to exist.
Cover euro shorts or risk getting run over by a freight train.
Again, why short? Go with the flow, or sit out until a better shorting opportunity unfolds, or some of this momentum ceases. But let's face it, every dip is bought.
Ashraf expecting the FOMC to be usdx supportive. However, this can come from significantly higher levels of eur. gbp, aud and gold. There still is an entire London session to go, and we all know how they love to grind for four hours in whatever direction things are going.
Again, why short? Even Ashraf is expecting higher euro prices.
Good Trading...
The ignaramous' continue to support euro. The session of Nikkei bringing in more risk bids.
Cover them shorts you weak shorts!!!
Gold's going to $2000. It will be there in one month at this pace, with the PPT propping gold to the tune of $80 an ounce in little over a week. But Weatherman Analysts want more, telling us gold is going up so expect even higher and higher prices. What astute analysis provided by the Weathermen.
The Weathermen are this decades Dot.com analysts: set a price target, and when it is hit in two days, just raise the price target another 15/20%. When that is hit, raise it again.
As of now, every time it drops a dollar, it seems as if it catches a bid immediately.
The trick with gold is to be there when the move happens, as Gold follows the 80/20 rule: 80% of moves in 20% of the trading time.