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Posts by "fxhandler"
201 Posts Total by "fxhandler":
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Posts by Anonymous "fxhandler":
CHF/NOK, 5.4740
Where is those weakness in NOK that many predicted?
NOK is bull untill 1-5. March....
Stock market correction is over.
NOK doesn't seem to take on more losses.... Not against YEN or CHF.
Heading driectly for CHF/NOK to 5.45 and NOK/JPY to 16,7.
Hope I can get in on 15.24 (should have gone in when it was 14,7!!!)
Said, comments please...
Swiss Bank don't want a stronge CHF compared to the EUR, at the same time EUR are weakening, so I expect the CHF to weaken to. NOK will get stronger in the future, we have a good economy here. Question is, if the correction is over for now. I would like to go long NOK against the JPY, cause NOK/CHF is abit boring lately.
Said, where do you see JPY in the future? (Against NOK)
But I would like to point out that NOK/JPY closed at 14,75 (05.Feb), the same minute CHF/NOK closed at 5.6007 (and CHF/JPY dip to 82,577).
If you don't expect CHF/JPY to go below 82, but at the same time NOK/JPY to follow more losses to 14, this would then be equivalent to a CHF/NOK at 5,857. Right?
Well, I really doubt that CHF would even come close to this (against the NOK), being in a downtrend and fighting against EUR that is just heading lower. CHF keep on intervening regularly to prevent the EUR/CHF cross heading too low.
So if the NOK/JPY will go to 14 and CHF/NOK at a very doubtfully maximum 5,7, We will have to see CHF/JPY below 80.....and even close to 79...
I am just asking if it is smart to go long NOK against YEN on this levels (~15.0) or wait for more loss to 14. I expect to see 16.625 in the within May and further 18.18 in 6-7 months or so.
Still trying to learn from you.
Best Regards
See you are doing some great calls on the Yen. Fantastic accuracy!
May I ask you where do you see JPY/NOK high, during march month? 0.0716?
Also, is it a good idea to short it at this level, expecting it to drop around 0.0610 when the stock market correction is over?
How about CHF/JPY? It just broke the 83 level, maybe 82 next, but will we see it below 76 again?
Best Regards
regards
It is to risky to play with the dollar, it will get a correction up, but as long as the FED is printing money.....and stock go down....or stocks go up.... still dollar is heading lower.
Qin have been right about this. Anyway, look at oil, predicted to clear down at 50 dollar....that will be the correction (up) for the US dollar.
There is absolutely nothing about the US economy that is positive at all (as I see it), it is just less negative.
I am so bearish on USA that I never want to invest in any stocks over there.
The crisis we had is nothing compared to the one coming(1-10 years). This is such a dangerous game and it might be the best opportunity to buy stocks now, cause of this:
Dollar is gonna crash totally in the end, that is why stocks are going up, cause a stock/dollar is gonna be the same. For instance, talking about oil, it is not "heading" higher in our (NOK) currency, cause the dollar is going lower. We get paid in NOK, so it doesnt matter if oil go up or down as long as the comparison is in dollar.
See?
It is the same with all commodities valued in dollars. The dollar is going lower, so the commodities is going higher, untill a total BIG crash!
What are your thoughts about this Ashraf?
I am going to invest in Telenor (Tech stock), they are a steady company, earnings are huge even the downturn.
After the correction in oil price I will invest in PGS, (service company), then I will also invest in Statoil (oil company).
But I am hoping for a big correction soon, then buy on dips.
Good luck.