Posts by "carlco"

ashraf -thnx. speculator - china isn't the reason for dollar weakness, risk aversion is, strangely though ashraf i disagree with ALL of you ! the markets are moving up next week so the dollar will weaken GBPUSD 172. i do concede yet another retest of GBPUSD 166 back down to the trend line of 16300 before a rally might be on, but a rally none the less ( i am not in the market as i still believe it's a bear market rally and it could whipsaw either way) but the daily chart clearly shows a cup handle and a wedge at 16650, if the world economies recover at the expense of the USD who cares if the Chinese are crying ? the oil and gold investors have already hedged this eventuality anyway right?

rsi weekly -overbought, daily-62, the williams %R is oversold though.

Ashraf, Saber rattling it's been going on for months, that would make for some interesting moves in the USD. . How can they advocate fixing their currency price at the same time as touting IMF's SDR as the new default currency. Puzzling why you would lend your hard earned money to the greedy playground bully, then encourage the Head of School to take it for themselves.
moral, if you don't want a bloody nose don't play with the school bully! and then run crying to teacher when you run out of tissue. no one likes a cry baby.

Ashraf, i had to comment on your tweet about reuters-chinese mutterings about the reserve currency. I didn't hear the Chinese crying when exports to the USA were bringing in $trillions that they have now through artificially capping their currency, sounds to me like they should practice what they've preached to the rest of the world for 2 millennium about Ying & Yang. I feel very strongly about this since they first started crying about their falling bond values. Complaining now in the middle of the worst financial crisis in post war history just shows their true colours. I hate this political posturing and it's yet another example of why regime's absolute power corrupts absolutely.

speculator- heh! im not going to disagree with that, it's a bear market rally, this 166 is shaping up to be proper resistance. But, look at the daily MA100 & 200 and that trend line. As ive said before we are breaking one way or the other.