Posts by "olivier"

DaveO,
Rather than lacking data depth, I do wonder if the discrepancies between your weekly MAs and Asraf's are because:
1) one platform uses the few hours of sunday data and this creates a different weekly Closing price, enough to skew the MAs as it's a compounding difference, weeks after weeks
2) one platform is on a different timezone than the other or it takes its friday closing price at a different time (some do 9pm UK time, some do 10pm).
Either or Both of these could explain the differences.

I think so Dave: there are nearly 3 full days between today's close and Monday's 'normal' opening for stocks and that's a long time ... certainly long enough even for US politicians to come to some sort of agreements and force yet another short covering on Monday, in anticipation of a positive vote(s) on Tuesday

digi, i'm not sure if you mean long or short?
in my view the monthly chart can be viewed as a successful long break of the black trendline with 3 more successfull retest of this same trendline, so unless we close below 4165/4155 on the monthly basis it's long

The Danish Kroner is pegged to the Euro Cat so it's only as stable as the Euro; the exchange rate between the 2 has been between 7.43xx & 7.46xx for the last 10 years (i think); so when the Euro gets stronger, so does the DK and when the Euro is weak, so is the DK; i'm not sure if that qualifies the DK as a very stable currency or not but I agree that most Danes are probably quite happy not to be involved with the Euro-currency area;
What happens to the DK if the Euro goes bust?

Well said DaveO regarding Ignore..... going back to the Forexnews days, he has always traded these 2 pairs together (/$ & $/Chf) AND at the same time, varying the lots & exposure on each as the technical picture develops (a fact nissed/ignored by some).

Regarding the EU bank stress test, I believe that the results will be out at 5pm UK time today, although expect leaks before that lol