Glad I had the same view on USD/JPY as you do - though I said a bit higher - 92.30's --- I'm learning, which is reflected in my account balance (both ways) --- anyhow --- would not a Chinese rate hike cause a massive case of risk aversion and hence Yen strength across the board? I'm a little hesitant about going against Yen because of China. Obv. the Jap. gov't should be Yen negative, but if China surprises... Thanks for your time - Rob
Where do you see USD/JPY in all of this? I see it testing 92.30s (in coming weeks) with Fed hawkishness, but then again, if risk aversion sets in, I suppose it could drop. Your thoughts are appreciated.
PippedOff - I totally enjoy your comments, for real - but c'mon - the AUD has a 4.00% rate! That's pretty darn good compared... And all their economic data lately has been great. This week is unemployment rate - if the US got away with what it did for NFP considering the snow, and Aussie job advertisements went from -8.1% to +19.1% (Mon.) - we could see some serious upside with AUD/USD this week. I'm long under 91.00... we'll see.
Stops prevent "crushes" - and margin and stops are always stressed by Ashraf, in fact it was the thing he told me that was most important when I started about a year ago. He said, "make sure you have enough margin and DON'T stick your head out and try to be a big shot, maybe just trade in 1/2 lots..."
this is going to get ridiculous if everyone goes back and forth - you win some you lose some, and we are "ALL" glad we have Ashraf as a "mentor" no matter what happens - at least I am. Thanks again Ashraf!
Well said nonprophet - no one hits the buy/sell button but ourselves... I'll leave it at that in order to keep the forum civil...
Ashraf, thanks for the great analysis on NFP dynamics and USD and JPY - made some pips (70 or so) - could have EASILY been more if I didn't take profits so soon, but I can't complain about taking profits.
Lastly, can I get your thoughts on USD/JPY short/medium-term? 91.00 certainly seems inevitable by next week - thanks again!
Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(9 months 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(9 months 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(9 months 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 (9 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (9 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (9 months 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(9 months ago)
Gold, Bitcoin, USD Combo
I mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
View Hot-Chart..
Glad I had the same view on USD/JPY as you do - though I said a bit higher - 92.30's --- I'm learning, which is reflected in my account balance (both ways) --- anyhow --- would not a Chinese rate hike cause a massive case of risk aversion and hence Yen strength across the board? I'm a little hesitant about going against Yen because of China. Obv. the Jap. gov't should be Yen negative, but if China surprises... Thanks for your time - Rob
Where do you see USD/JPY in all of this? I see it testing 92.30s (in coming weeks) with Fed hawkishness, but then again, if risk aversion sets in, I suppose it could drop. Your thoughts are appreciated.
Do you see USD/JPY testing trendline resistance at 91.60's? Thanks
this is going to get ridiculous if everyone goes back and forth - you win some you lose some, and we are "ALL" glad we have Ashraf as a "mentor" no matter what happens - at least I am. Thanks again Ashraf!
Ashraf, thanks for the great analysis on NFP dynamics and USD and JPY - made some pips (70 or so) - could have EASILY been more if I didn't take profits so soon, but I can't complain about taking profits.
Lastly, can I get your thoughts on USD/JPY short/medium-term? 91.00 certainly seems inevitable by next week - thanks again!
Thanks for the heads up tweet on AUD/USD - I managed to get in just as it failed the 50-day SMA on 15-min chart at 90.13. I'll shoot for 89.50 unless you mention otherwise. Thanks again.
I'm in a bit of a bind here with USD/CAD. Long way too high in hopes that BoC would stem the rise by talking down CAD. Even though it was mentioned, it didn't seem to do a hell of a lot. Hedging seems tough as well, because EUR/CAD and GBP/CAD both seem oversold, and selling yen (buying CAD/JPY) doesn't seem great in the event stocks sell-off a bit. Any suggestions, and I don't expect miracles, I know this is like asking you to teach me how to swim after I've jumped in the ocean during a hurricane. Thanks a bunch.