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333 Posts by member
Rob
(New York, United States)
33 Posts by Anonymous "rob":
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Rob
New York, United States
Posts: 305
14 years ago
Dec 18, 2009 3:29
In Thread: Gold & Yen's Perfect Desert Storm
Ha! - not quite
Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 19:34
In Thread: Gold & Yen's Perfect Desert Storm
Thanks a lot, it still does appear that traders see 1.5000 as the line in the sand - thanks
Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 19:19
In Thread: Gold & Yen's Perfect Desert Storm
Hey Ashraf,

I'm feeling a little dubious about this SNB intervention in EUR/CHF - I could have sworn they maintained their stance on not wanting CHF strength - especially against the EUR. Any thought? Thanks for all.
Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 3:25
In Thread: Euro's Third Down Leg
chloethebull - yeah - I was hoping for it to rebound back to 1.4500 for a new short entry as well. Now that the rug has been pulled out from underneath it...good question. Maybe 144.50 will be a good short entry, we'll see what Europe does. No data coming out on EUR/USD until unemployment at 8:30am. I wouldn't be shocked if part-time holiday employment keeps the number inflated, allowing for more USD strength. BTW - if you're not already - follow Ahsraf on Twitter, that's where I got the short-term target.

I've now got my eye back on EUR/CHF - SNB, will probably intervene AGAIN (4th or 5th time it would be) if it drops below 1.5050, maybe more towards 1.5000 though --- I think that's a great trade for a large number of lots with very little risk. It may take some time to get the pips you want, and it's too bad the yield differential isn't wider, but it seems very, very safe. Good trading!
Rob
New York, United States
Posts: 305
14 years ago
Dec 17, 2009 1:55
In Thread: Euro's Third Down Leg
Ashraf -

Much thanks - EUR/USD target HIT in Asia as you tweeted!! That couldn't have been easier! Some are saying that this last FOMC statement will determine how USD trades until the end of the year - I presume you concur? Is it safe to say you are sticking with 1.4280 is EUR/USD? Thanks a bunch!
Rob
New York, United States
Posts: 305
14 years ago
Dec 16, 2009 19:39
In Thread: Gold & Yen's Perfect Desert Storm
Hi Ashraf,

Thanks for the tweets and commentary - I was wondering your thoughts on USD/JPY. Do you see much (or any) upside beyond 90.00? Thanks a lot.
Rob
New York, United States
Posts: 305
14 years ago
Dec 14, 2009 19:10
In Thread: Gold & Yen's Perfect Desert Storm
Ashraf,

No, fortunately I didn't - I'll wait and see what happens with tomorrow's data - oh right, and then there's Wednesday's FOMC statement. Thanks
Rob
New York, United States
Posts: 305
14 years ago
Dec 14, 2009 0:16
In Thread: Gold & Yen's Perfect Desert Storm
Ashraf,

Yes, indeed it does look likely. Thank you for the reminder! I'm going with the EUR/USD hot-chart as well - thanks for the information.
Rob
New York, United States
Posts: 305
14 years ago
Dec 6, 2009 0:49
In Thread: Gold & Yen's Perfect Desert Storm
My 2 cents - On Yen - anyone who would have predicted a job loss of only 11K and a DROP in the unemployment rate to 10% would have been ripped a new one - even from the bulls. It appears to me that Yen downside emerged because it looked like the US (and perhaps world) was making an enormous turning point. If in fact the world economy was viewed in such a way, who would buy the Yen. In fact, you would sell the Yen, which is precisely what happened. If people didn't begin selling Yen, then a short squeeze in the Yen crosses must have occurred, perhaps both.
Economic data, especially NFP's is ALWAYS going to be a marker-mover NO MATTER WHAT the fundamentals were before going into it. Markets are ridiculously impulsive, especially these days. But then again, when it can be explained after the fact, it usually does make at least some sense.
I was too darn focused on the USD, that I didn't buy the Yen crosses, and almost want to kick myself for it. Oh well, more opportunities abound...with Ashraf's help - thank you!

Anyhow, Ashraf - I suppose we need to wait and see what happens before speculating on how US NFP's will affect the market going forward? Thoughts? I'm sure you'll write an article on it anyway. Thanks.
Rob
New York, United States
Posts: 305
14 years ago
Dec 1, 2009 19:10
In Thread: Gold & Yen's Perfect Desert Storm
Hi Ashraf,

Do you still expect profit-taking in Asia tonight? These majors have really shot up since the London session. Thoughts on GBP/USD. It's right at that trend line. Looks tempting, but then again... Thanks
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