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Posts by "speculator"

804 Posts Total by "speculator":
22 Posts by member
SPECULATOR
(LONDON, United Kingdom)
782 Posts by Anonymous "speculator":
speculator
Posted Anonymously
14 years ago
Dec 16, 2009 17:58
Goldman and Citi both believe dollar has reached a short term top against euro and will reach $1.55 in the new year. They can influence the market to some extent but it will be shortlived as the majority of speculators now feel the dollar is in a multi-month uptrend and are going long.
speculator
Posted Anonymously
14 years ago
Dec 15, 2009 17:29
guys, the dollar index is now a buy on technical grounds!!
speculator
Posted Anonymously
14 years ago
Dec 14, 2009 22:05
interesting chart trend on cable - the pair has been rangebound for many mnuths and appears very similar in trend when it was trendless in the 1.90s range in 2008 where it was followed with the collapse of the pair. cable increasingly looks like a it has reached the top mount everest and is about to head south.
speculator
Posted Anonymously
14 years ago
Dec 13, 2009 15:17
the euros next downleg against dollar is likely to be very sharp and fast. watch out for 1.4417 as next key support en route to 1.4198.
speculator
Posted Anonymously
14 years ago
Dec 13, 2009 15:05
1.6169 next support if broken could reach 1.5983
speculator
Posted Anonymously
14 years ago
Dec 11, 2009 19:45
elliot wave is not good for short term trading decisions but for directions in medium term i.e a couple of months as i dont think its a market timing tool. they warned of a huge dollar rally and gold collapse in nov as they worked on the basis of a bottomed dollar. interesting that they did not speculate against falling stocks with dollar.

the dollar is likely to rebound for a couple of months at least but lets not get too carried away. The dollar is cheap and the yen/pound could become a much much better funding currency and should replace dollar gradually due to fed tightening.
speculator
Posted Anonymously
14 years ago
Dec 9, 2009 15:11
sounds like dollar strength waiting to hatch.
speculator
Posted Anonymously
14 years ago
Dec 7, 2009 12:55
ashraf, why do you think a close UK election could break sterling? In the meatime, im sure investors are searching for the next carry currency (yen/GBP) which im sure will put huge pressure on sterling in the coming months.
speculator
Posted Anonymously
14 years ago
Dec 7, 2009 9:02
i think regardless of who wins the election the pound will continue to suffer especially against dollar. Nobody believes in politicians and neither do investors. What will drive sterling is interest rate differentials (plus QE) and risk aversion.

For now, the uk faces a 50% income tax rate for certain high earners!! what a joke. The fiscal position remains awful and is a structural flaw which no politician can ease over-night. The country is still very prone to speculative attacks over sterling. Too much sterling liquidity in the markets...
speculator
Posted Anonymously
14 years ago
Dec 7, 2009 8:44
elliot wave predictions had forecasted a huge dollar rally/gold crash nov/dec time to lasting 12 months. The target for USDx is 90 and gold $600.

I still stand that we are in a dollar bull and the bottom was in 2008 when USDx hit around 72. We could target 80 on the index by xmas.