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Golden Chance from FX-Equity Play
When FX lead equities
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
I would like to know your expectation about the performance of Gbp/Usd for the rest of this month .
Taha
Taha, i think it's time to take profits as we near the 200day MA in Dow and S&P500.. These fast gains are rare and must realize them during a recession.
Rob, this was a rare day of broad dollar decline. ATT buying most of Verizon's divestitures also helped boost stocks. seems like we're of to the races to test those 200day MAs.
Correction looming and economy still weak. and as banks raise capital, value per share will be diluted as they issue more shares.
PK, OK.
Ashraf
IS the expected down because it is just correction or what ??? .
Taha .
No, I wasn't referring to the "downtrend line resistance..." - but thanks for mentioning that. Interesting article about Grantham, let's hope that possible "freefall leg" he mentioned comes soon, for all of those with risk aversion trades in place. Seems like the Dollar is getting crushed across the board, but the Yen seems to be holding up (at least better than the Dollar). I'm just still wondering what it will take for stocks to go down, considering the stress tests and unemployment numbers were very well received. Have a great weekend!
some experts see that it is time to take profits in equities and some others see that the rally will go 25% from these levels . What is your comment ? .
Taha
what is your take on what is happening with CHF... strong against EUR.USD.CAD all at the same time?!?!
And more specifically EUF.CHF... Thanks!
Ashraf
Do you mean the downtrend line resistance from the 1.60 high thru the 1.47 high? Yes, this would be a good time to short it. Good luck in that ! but I prefer selling Kiwi vs yen, or Aud vs Kiwi.
Ashraf
Very nice analysis - both technically and fundamentally, for equities, currencies, and metals. Considering the above info about the EUR/USD 200-day MA, would you agree that this a great time to short EUR/USD and pretty much be at the top of a downward channel emerging? I suppose we could say that about all the risk appetite trades though, esp. EUR/JPY and all Yen crosses - if in fact this is really the end of the bear market rally. Took your advice and shorted NZD/JPY - thanks!