spec, glad to hear that you would like to start trade on your money now.....I recommend you only put 1% money from your saving account........if you want to play all in on long USD, please let me know.....I will call you on short USD.
Hey, Moe I am 50% sure that there will be another correction in the market in beginning of September. But it is 2 weeks ahead.....will USD make its new low in 2 weeks?? maybe 50% chance....
I am not going to jump into the train now....I want to watch how the Asian market play out next Monday. Looking people have the short positions on USD and all of them are picking money now....it is a very tough day for me....
Asad, just look how much the natural gas now and compare to the oil.....US has more and more natural gas, but no oil in USA now.........if middle east want 300 a barrel, what US can do?? war against them?? all the oil rich country don't have good relationship with USA now.....I guess Putin has party every night.........
I may be heavily criticized for this passing (even general) statement, but there is no (repeat, NO) underlying strength to rallies in the currency, commodity & equity markets. All the data coming out - PMI, crude inventories, retail - is just a blip. Ask yourself. Are we out of recession yet?
It's ALL manipulation going on - aptly pointed out by Qin about the deliberate weakening of $ to support (but then what is oil in turn supporting? *smiles*) - & the world markets must be due (if not overdue) for a massive correction. They say the if oil breaks 74.50, the next stop is 95. Ha! Ask yourself again. WHY?! What supports 95 when there are no jobs & the industrial output has barely recovered!
& hey, if oil does reach 80, you can FORGET recovery! No oil demand...& oil back to 50. Back to square one. Catch 22, isn't it?
Mark it again. The (short) oil play of the year is coming. Shorting down to ឬ. & oil will certainly trade b/w 40 & 50 in Oct/Nov (caveat: barring extraordinary events - i always write this *smiles*)
P.S. Btw, i'm still short at 73...and will open a new position ᢃ. I may be wrong...but at least I'm backing my logic (which again could be wrong *heheh*)
I agree with you. I have witnessed that dollar strength does not last for two consecutive days. I believe tht once the dollar strengthen, it will be a good oppurtunity to short dollar.
I am not going to jump into a fast moving train.....Bloomberg posted Bank of China will tighten the monetary policy news... I am not sure it is the faked news or not....but at least it should give market some impact... waiting for chance to short USD......it is always very boring when you see someone is making money on short USD, but you don't have any positions, isn't it??
Hey ashraf I guess more and more people in this blog are losing money.......you should change your strategy.....encourage people to short USD when it rally, instead of talking about risk aversion too much...Anyway....no one always get right.
Market is seeking all kind of positive news to short USD........risk aversion has been loosing its impact on FX market.... I believe that EUR/USD will go to 1.5 by the end of year, your prediction is 1.55.....both of us agree the long term bearish USD.....
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(2 years ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(2 years ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(2 years ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(2 years ago)
Just read your new comment...
you don't need to believe me or anyone else.....you should believe yourself....
If you think oil will back to 50 or 55....go to short it......hope you make money on it......
glad to hear that you would like to start trade on your money now.....I recommend you only put 1% money from your saving account........if you want to play all in on long USD, please let me know.....I will call you on short USD.
I am 50% sure that there will be another correction in the market in beginning of September. But it is 2 weeks ahead.....will USD make its new low in 2 weeks?? maybe 50% chance....
I am not going to jump into the train now....I want to watch how the Asian market play out next Monday. Looking people have the short positions on USD and all of them are picking money now....it is a very tough day for me....
Asad, just look how much the natural gas now and compare to the oil.....US has more and more natural gas, but no oil in USA now.........if middle east want 300 a barrel, what US can do?? war against them?? all the oil rich country don't have good relationship with USA now.....I guess Putin has party every night.........
I may be heavily criticized for this passing (even general) statement, but there is no (repeat, NO) underlying strength to rallies in the currency, commodity & equity markets. All the data coming out - PMI, crude inventories, retail - is just a blip. Ask yourself. Are we out of recession yet?
It's ALL manipulation going on - aptly pointed out by Qin about the deliberate weakening of $ to support (but then what is oil in turn supporting? *smiles*) - & the world markets must be due (if not overdue) for a massive correction. They say the if oil breaks 74.50, the next stop is 95. Ha! Ask yourself again. WHY?! What supports 95 when there are no jobs & the industrial output has barely recovered!
& hey, if oil does reach 80, you can FORGET recovery! No oil demand...& oil back to 50. Back to square one. Catch 22, isn't it?
Mark it again. The (short) oil play of the year is coming. Shorting down to ឬ. & oil will certainly trade b/w 40 & 50 in Oct/Nov (caveat: barring extraordinary events - i always write this *smiles*)
P.S. Btw, i'm still short at 73...and will open a new position ᢃ. I may be wrong...but at least I'm backing my logic (which again could be wrong *heheh*)
I agree with you. I have witnessed that dollar strength does not last for two consecutive days. I believe tht once the dollar strengthen, it will be a good oppurtunity to short dollar.
I am not sure it is the faked news or not....but at least it should give market some impact...
waiting for chance to short USD......it is always very boring when you see someone is making money on short USD, but you don't have any positions, isn't it??
I guess more and more people in this blog are losing money.......you should change your strategy.....encourage people to short USD when it rally, instead of talking about risk aversion too much...Anyway....no one always get right.
Market is seeking all kind of positive news to short USD........risk aversion has been loosing its impact on FX market....
I believe that EUR/USD will go to 1.5 by the end of year, your prediction is 1.55.....both of us agree the long term bearish USD.....
IMT next
Ashraf
Two days ago, I posted that I closed my position on USD/NOK and booked my profits.... you congratulated me ......
I was wrong, I should keep my positions......please feel sorry for me now......