The opposite scenario happened between between early Feb and Early march At that time the stock market fall by more than 10% but at the same time the Euro mange to hold it self, and the when the stock rallied in mid march the euro went up with it.
Now the opposite, the USD mange to hold it self despite the huge rally in stock, if next week stock market start to decline expect a big rally in the USD .
hello Guys if some one told me 2 weeks ago that sp 500 is heading for 10% rally, I will of said GBP/USD at 1.70. Euro/USD at 1.47
Dispute the huge rally in stocks Euro still at 1.425 GBP 1.652 In my mind this is a very bearish signal, euro/usd at 1.38 and GBP/USD at 1.58 in the next two weeks.
Hey Ali If you want to make money in the next few weeks then you have to buy Yen and USD on dips, GBP/USD target around 1.55. Euro/USD 1.35, AUS/USD 0.73
Hi guys I am bearish dollar long term but I see dollar strength against all the major currencies except the Yan for the next 3 months. Regarding Aud/USD will I will not advice to short it because it is very expensive to hold i.e. for 1 standard lot you have to pay your broker around 50+ pound a week just in interest to hold this position. I see AUD to fall to the 75-76 level in the next 2 months. They are better trade such as Short GBP and Euro against the dollar you profit target is around 1.56,,1.35 And you could place your stop just above the resistance line I.e. you the risk to reward ratio is around 1:4
One of the most Euro bulls currency traders are "Barclays bank" , the forecast Eurod / dollars at 1.5 by the end of the year. But the wrote today that the Euro/dollar is heading towards 1.35. I.e. they are dollar bull for the next few moths. Base in the correlation between Euro/USD and GBP/USD we should assume that Cable at 1.56 in the next 2 months.
Hey Rob, JT On a day where the Brazil Bovespa ended up 3.71% , S&P 2.14% and oil 2% up,. the CAD ended up flat , that tells you every thing about the market sentiment towards the CAD.
I agree with you speculator , I wrote in this forum 3 weeks ago when the USD/CAD was at 1.08 ,,that the CAD is overvalued technically and fundamentally. And I wrote that I bought 6 lot at 1.0810 and my target is 1.18-1.20. I am still holding them.
The next resistant level is 1.1540 a clear break above this level will take us to 1.18. Dema
tarazuze I am also short the pound at 1.647 My target is much more conservative than you at around 1.52 . Next week FOMC meeting and the statement announcement will be key.. Either we break below 1.625 which will take us 1.58 or break above 1.66 which will take us 1.7.
My feeling is the rally in GBP is exosted and we heading lower. Let wait and see Dema
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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Hello rajesh68
The opposite scenario happened between between early Feb and Early march
At that time the stock market fall by more than 10% but at the same time the Euro mange to hold it self, and the when the stock rallied in mid march the euro went up with it.
Now the opposite, the USD mange to hold it self despite the huge rally in stock, if next week stock market start to decline expect a big rally in the USD .
Guys if some one told me 2 weeks ago that sp 500 is heading for 10% rally, I will of said GBP/USD at 1.70. Euro/USD at 1.47
Dispute the huge rally in stocks Euro still at 1.425 GBP 1.652
In my mind this is a very bearish signal, euro/usd at 1.38 and GBP/USD at 1.58 in the next two weeks.
Dema
If you want to make money in the next few weeks then you have to buy Yen and USD on dips,
GBP/USD target around 1.55. Euro/USD 1.35, AUS/USD 0.73
Dema
British Pound is sell now against yen and US dollar target 141.50 on the yen and 1.55 against USD .
Dema
I am bearish dollar long term but I see dollar strength against all the major currencies except the Yan for the next 3 months.
Regarding Aud/USD will I will not advice to short it because it is very expensive to hold
i.e. for 1 standard lot you have to pay your broker around 50+ pound a week just in interest to hold this position. I see AUD to fall to the 75-76 level in the next 2 months.
They are better trade such as Short GBP and Euro against the dollar you profit target is around 1.56,,1.35
And you could place your stop just above the resistance line I.e. you the risk to reward ratio is around 1:4
But the wrote today that the Euro/dollar is heading towards 1.35. I.e. they are dollar bull for the next few moths.
Base in the correlation between Euro/USD and GBP/USD we should assume that Cable at 1.56 in the next 2 months.
On a day where the Brazil Bovespa ended up 3.71% , S&P 2.14% and oil 2% up,.
the CAD ended up flat , that tells you every thing about the market sentiment towards the CAD.
I am bearish CAD, expect 1.18-1.19 soon.
And I wrote that I bought 6 lot at 1.0810 and my target is 1.18-1.20. I am still holding them.
The next resistant level is 1.1540 a clear break above this level will take us to 1.18.
Dema
My feeling is the rally in GBP is exosted and we heading lower. Let wait and see
Dema
No reason just more dollar buyers than sellers in NewYork hours today. And stock market retreat from it is high
Dima