Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
USDCAD 10413 looking for 10518 for some confirmation of 10600
EURCAD hit 12836 high today where all lots were liquidated
CHFYEN at 8080new weekly low look for up side as soon as EURUSD weakens EURCHF strengthens and yen to do weaker days ahead.
USDCHF is a good potential buy for 11300 I'm in at 11030 and 11120
Now did you understand what i meant about clear trend continuation.....
it is cuz now you've had the breakout trough 7835, which was eyed from 7985 failure to up side. price moved up since then but it will break in a day or so next level 7760. I refer it to as trade of the day cuz this was the only trend continuation everything else in the market last 2 3 days been 50/50. Plus its got barrier protection at 90, so hardly a case to stay long in there but shorts make sense.
And yes what about CAD? read about it under CAD topics
Really? AUD/JPY is targeting much lower IMO... and what about USD/CAD! Thats not stuck! Both indicate lower US equities, lower than todays low.
This kinda of impulsive movement is not just the trade of the day- its a trend reversing itself.
-Dan
EU urges G20 to explore global transaction tax
23 Jun, 2010 @ 05:48 am ET | written by Reuters
June 23 (Reuters) - The European Union formally requested in a letter on Wednesday that the world's largest economies explore the introduction of a global tax on financial transactions.
Writing to the G20 before a summit in Toronto on June 26-27, Herman Van Rompuy, the president of the EU Council which represents EU member states, said the world needed a level playing field on bank levies and transaction taxes.
"We consider that international work on levies and taxes on financial institutions should continue to maintain a worldwide level playing field," he said in the letter, written jointly with European Commission President Jose Manuel Barroso..
"Also the introduction of a global financial transaction tax should be explored and developed further in that context."
Copyright 2009 Thomson Reuters. All rights reserved.
General comment. Although the risk play seems to have faltered, but it is very well supported. There maybe a second phase of the risk play.
Risk is putting in terminal patterns across the board and I fully expect there to be some big moves lower in equities and risk :)
-Dan
I think end of summer will see some good data from Europe over all. Housing market & prices is told to be continue to rise, maybe for the rest of the year i.e only if the number for unsold homes see a decline in Europe this will also boost and give confidence to the job market. Just got back from trip to US and man things there are really really bad. I met some friends in NY and NY itself is still busy as ever and it seems same good num of people are still employed. But that is not reflected in the rest of the country, a group sitting in a restaurant probably some investment banker or something where busy talking how American could soon in years to come or at time sounded even could come out with food stamps for people struggling to feed the families. And recently there are fears people having to chose to feed their families or to own their own homes.
Man we are far better off than the US economic condition, i'd say let the Euro crash at least we wont go homeless and hungry and no to treat us incase we go sick. In 4 days i got so much negativity form their media that its unbelievable no wonder these people are fighting wars that wasn't theirs to fight in the first place. The epiphany i had the other day laying bed watching the news (all though i stopped watching TV since Iraq war) America since after the revolution has fought majority of its wars on foreign soil, and only time some does come to US and attacks on land they go and nuke the shit out of them. Which proves their the biggest terrorist in the first place. What did Iraq ever did to America. Oh my God this is such bull shit, tell you what watch this movie Unthinkable and tell me what you thinkhttp://xtshare.com/toshare.php?Id=33556
Boy i really got side tracked there :) its good to be back now I will stop hating London now and learn to Love it more :D I think soon I will move to a distant place on earth and become a farmers there and live long, wine makers are welcomed to come along :D