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Posts by "rob"
366
Posts Total by "rob":
33 Posts by Anonymous "rob":
I'll keep an eye the other EUR pairs you mentioned - looks like the double-tops are on the weekly charts - thanks! And best of luck with the new Premium FX Service! All of your followers have been waiting for this day.
I like the 4hour chart the best, recent close above 55ma, not for about a month - and being in it for about 2 weeks, I feel 92.00 was tried and is over (should've, could've, would've doubled down). It should at least push to 94 based on the daily chart - a break above the 55DMA should provide much better momentum upwards.
I'd did quite well a few weeks ago Ashraf, when you brought up AUD/USD, I'll look to it again. Thanks!
Read this! Bank of Japan's positive tone may as well be the same as the Fed's rhetoric of a stabilizing economy - all to force those uninformed, distracted Americans who already have the wool pulled over their eye's, get completely suffocated on reality. The only thing stabilizing is the investors wallets with money in stocks and commodities. The number of "for rent" commercial real estate properties is growing by the day. I literally see this walking down the street. Granted NY got hit harder because of the loss of finance jobs, but consumers are spent, they're done! Citi and BoA are still sitting on so many potential (probable losses) and Meredith Whitney is talking about many more (I believe 300) bank failures. I wouldn't be surprised if this turns out to be a 10-year deflationary (hopefully not inflationary for me with dollars in US) depression.
Anyway Japan is advertising on TV, to their citizens to buy their debt. Just digging deeper into the hole.
I know less than anyone on this forum about the economy, etc.., I chose to be a health expert - as you are worthless without you health!
I wonder if Yen is appreciating because of those people who realize we're in no way shape or form in a stabilized place. The system may not collapse but...
http://www.telegraph.co.uk/finance/financetopics/recession/6065071/Japanese-turn-to-ads-to-sell-national-debt.-What-slogan-should-a-UK-campaign-use.html
Sorry to take up so much space, thanks for letting me vent a bit.
Anyway - I'm here now to say CONGRATULATIONS Ashraf!!! "Educator of the Month" of FXstreet!
Thanks for everything Ashraf and enjoy the rest of your weekend!
I missed your webinar because I was working, I'm sure it was well received by everyone. Is there any chance of seeing it online at this point?
Also, is there a correlation with the "exact" time or day that the Fed buys Treasuries and a weakening in the Dollar? I see the Fed is scheduled to buy 4 more times over the next 2 weeks. I'm wondering if it's the actual buying of the bonds that kills the dollar, or just all the talk of it, like on March 18th.
And will treasury purchases cause the dollar to decline in the coming weeks, even if stocks lose upward momentum? Or does risk aversion with stocks declining supercede Fed purchasing treasuries?
I'm very much focused on Gold's move to $940 - do you see support at this level?
Thanks for your help as always.
Would you say GBP/JPY is simply riding the coat-tails of GBP/USD? Obviously it's due to go up with risk appetite, but it's much stronger than EUR/JPY in my eyes, just as GBP/USD is showing more strength than EUR/USD. Do you see a good entry level for a short in GBP/JPY today? Looks like it's always been beaten down when attempting to surpass 150.30 in the past weeks and can't breach 149.50 today. Any thoughts are appreciated.
Hmmm, interesting comments by Luca. Do you think Gold will be considered if the world decides to break up the Dollar into different reserves? Also, in regards to your comment to Frank, why would you say bullish until April? Weren't you looking for Gold to hit $1050 or so around the end of Q2 or Q3? Are you saying it may peak into April, then dip and recover again? I'm also having a very difficult time tracking the intermarket relationship of gold. Any comments are always deeply appreciated. Thank you.