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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
USDx will rise to 77 and stay there
trade EUR short vs anything not vs USD no profit
alright mr. genius... so what's next? and what does your algebra tell us?
absolutely no need for chart astrology where 200 d MA crosses 50 d MA or a black cat crosses your way from left to right...superstitiuous nonsense
its all in systems theory its all in algebra
http://www.newyorkfed.org/markets/opolicy/operating_policy_101103.html
Ashraf
The guys at Mr. Topstep most certainly referred to the so-called POMO days, i.e. the days when the Fed undertakes its promised purchases of Treasuries. These are pre-announced, I think, on the monthly basis. Zerohedge.com keeps a very good track of that schedule
I'll continue to short EUR vs AUD CAD CHF NZD and also SEK.
But not vs USD because Ezone has in long term no choice but to devalue EUR, or co-devalue with USD.
Lots of noise ahead of G20, Irish budget approval & market looking for more evidence of decent US figures after US jobs.
watch EURCAD
Ashraf
Do you see a positive divergence in USD daily?