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Posts by Anonymous "said":
gbpchf broke down 1.66 level
do u think markt swap agreement will play a role in weakening the swissie in the near future
i dont include fundamental n forecasting this level but only by using wave and fib.
as i alraedy told i think market will touch 10300 i.e 50 percent retracement and that might, if markte stays corelated, push yield higher.
the flow and supply of treasury dont support what i say but its possible that inst inv shift their on equity for the next two week.
what we saw last night on the treasury and us indices market was a panic situation that find its answer in taking short term profit.
gold producer are raising capital to partially offset their hedging book at roughly a fixed price of 650 per ounce. isn't that a factor u, radu, integrate in ur calculation?
ashraf do u think the ten year yiled will attain the 3.74 by end of next week
i used to live in langkawi in malaysia and i met a trader on the beach doing hisbread. i said to myself this is what i am gonna do.
one advice, get a foray on elliot wave analysis and go to bob prechter EWI website. that work hard on indices but it is a perfect tool combined with fibonacci on forex.
find a well explained book on elliott wave analysis and fractales theory.
do u see the usdcad at parity by year end
with oil a main exporting commodity dropping to the 40 level.
usdyen trade in a downtrend channel.
the us plays the carry trade currency as long as the market has legs, thus i think will give us a strenghning signal for the yen as said ashraf.
my comment are base on a one year chart so i have to go deeper on a weekly chart.
if usdjpy does to 92.14 then target is 93.6 before going down
i used elliott wave analysis and fibonacci to get the level target for usdyen
if u plan to go long usd place a stop at 92.14 which reprsent 61.80percent. news might come that trader are gonna trading on so raise ur stop level
then the next retracemetn lvel is at 90.30 , incase it goes right then the next level is 87.32
request ashraf to correct this if iam wrong
as for usd carry cuurency invested in aussie denominated asset what do you think of futures of carry trade in australia when the usd carry trade will vanish? it looks reaaly improbable that sterling will take place as a carry currency.
i am thinking about swiss franc to be the next partner in the carry trade scheme but the funding won't come from usd.
your opinion pls