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Deano9999 commented Aug 24, 2012A Grexit means 200 pips down for the EUR, followed by a dead cat bounce maybe 100, then another 200 down when everyone wakes up the secondary consequences and realises it solves nothing.
Kauder tells German TV: Neither terms nor content of Greek rescue can be renegotiated
- Deano9999 commented Aug 22, 2012
Ibram, 1.03 might take a while, but certainly the 23.6 fib level at 1.0370 is now at risk.
China new export business declines at sharpest rate since March 2009
- Deano9999 commented Aug 21, 2012
Interesting stuff this. Note that so far in Asia the Euro has not retraced at all, suggesting residual buying strength, and with no news at all tonight it will likely test 1.25. This is a huge barrier which may take a few days and multiple tests to ...
Can the EUR/USD Rally Continue?
- Deano9999 commented Aug 17, 2012
Buy gold and silver for the long haul - not traded contracts but actually buy the metals. And add platinum as well. They will definitely rise as the fiat currencies race to the bottom (Euro first followed by the Yen, then GBP, and finally the USD) ...
The Gold Market May Stun Participants With A Move To $6,300
- Deano9999 commented Aug 15, 2012
Not sure you guys are getting my point, but whatever. On the tuition fees, just forgive them! I can't think of a better way to kickstart a whole new generation of entrepreneurs - something radical and small beer in the scheme of the existing deficit ...
Fed’s Dudley Backs Money Fund Rules to Guard U.S. Economy
- Deano9999 commented Aug 14, 2012
About time. They really need to plug all the holes. Next up, the college tuition system which is heading for massive defaults.
Fed’s Dudley Backs Money Fund Rules to Guard U.S. Economy
- Deano9999 commented Aug 14, 2012
too high, and just another reason why Australia has such a poor productivity level and many resource projects will never get started - this and lower commodity prices. Long term short the AUD, big time.
Australia Labour Price Index, June 2012
- Deano9999 commented Aug 13, 2012
Agree the Aud looks light at present, but it will rally with the other currencies when the Euro plan is formulated, but then its on its own and the unemployment rate in Aus is about to rise sharply, so time to go short around 1.0580-1.06
China Is Running Out Of Money
- Deano9999 commented Aug 13, 2012
To everyone, there's nothing new here, so all lets just relax and have a drink. I still hold to my view that the Euro is headed to 1.25-26 BEFORE it declines below 1.2, which is inevitable as the ECB all the govts want a lower Euro to make their ...
Germany Has "Reached Its Limit" On Greek Aid
- Deano9999 commented Aug 5, 2012
One looming problem here is if Weidemann resigns from the ECB and or Bundesbank due to differences with the rest of the ECB and the pollies. Then you'll really see volatility and a falling euro. I also stand by my earlier comments, the short ...
The German Press Responds To Draghi: "Vengeance Will Be Bitter"
- Deano9999 commented Jul 31, 2012
Sounds reasonable and logical. Last friday's blip to 1.2380 looked like an aberation and the solid resistance at 1.2330 remains in place. Even a very positive commentary from the ECB thursday will only be temporary.
EUR/USD – While under 1.2408 a return to 1.2063 is favoured
- Deano9999 commented Jul 29, 2012
I'm no expert, only been trading for 7 months, but haven't lost any money and made a decent return so far based on a 48% success rate, just following my trading plan and risk management. I believe its honestly not hard to make money (hardest thing ...
The 5 Types of Courage For Forex Success
- Deano9999 commented Jul 27, 2012
Euro probably headed for 1.24 if it can break strong resistance at 1.2330. Then it will reverse sharply with or without news. This is no long term rally, only a dead cat bounce.
USD-Index prints fresh lows; EUR/USD breaks above the 1.2300
- Deano9999 commented Jul 18, 2012
Dr Forex, can't agree on 1.3 - impossible, maybe 1.24-5 and any bounce will be dead cat. There is too much congestion around these areas and the soveriegns have taken their petrodollars elsewhere to a degree, so no buying support. The players will ...
Market talk of a potential Austrian sovereign downgrade - unconfirmed
- Deano9999 commented Jul 12, 2012
Where is Greece in all this???? Its gone awfully quiet with almost no press lately, which causes great worry that either 1) They are being fed Euro's through the back door to keep them afloat, or 2) They are quietly preparing to pull the plug and ...
Europe Shows Hints of Staving Off Summer Crisis
- Deano9999 commented Jul 5, 2012
The market wanted 50bps, and when it doesn't get what it wants...
ECB Monetary policy decisions
- Deano9999 commented Jul 5, 2012
People's Bank of China.
EURUSD LOD after realization that PBOC did not cut reserve ratio
- Deano9999 commented Jul 4, 2012
Its pretty simple people, stay away from the EURO intraday and take a long term short position with a large stop - its a high probability trade that only requires patience, and might take months to reach your target, but so what as you'll earn money ...
Why EUR Could Rally Even If ECB Cuts Rates
- Deano9999 commented Jul 3, 2012
Its likely to squeeze up to around 1.2650, and I'll be shorting at that point. The 76% fib level is at 1.2612 and if it can't break that by day's end it will fall tomorrow.
Dutch govt: Unclear if direct bank recapitalisation requires ESM treaty change