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jsspmk replied Apr 4, 2010Interest rate increase expected in the Oz taking it to 4.25%, that is in line with longer term technicals in AUD which point to at least 9850 test.
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jsspmk replied Apr 4, 2010your numbers are incorrect 1.4, 1.6=74 Technically both Euro & Gbp are on the verge of a big fall, the only thing that can stop that from happening is fundamental change in the US monetary policy or indeed over at Eurozone & UK. With so many short ...
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jsspmk replied Apr 4, 2010USD 4 hour chart looks like a classic bull flag. My prediction for tomorrow is that USD will drift lower within the flag & after the FED's "surprise under the radar meeting" results of which may be announced same day or during Tuesday's FOMC minutes ...
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jsspmk replied Apr 4, 2010Fine, let's assume that this board is filled with 100% net losers, one can not dispute the fact that USD trend remains intact, unlike the ones that state that it finished at 82. If you are a technical trader, then you will understand what I mean. ...
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jsspmk replied Apr 4, 2010“John Taylor, who oversees the world’s largest currency hedge fund as chairman of FX Concepts Inc. in New York, predicts the dollar will gain 12 percent to $1.20 per euro by August. The whole world’s been negative on the dollar since 2002,” said ...
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jsspmk replied Apr 4, 2010That is what's driving USD rally, of course there are a lot of things wrong, that is why commodities are going up too. - The strengthening U.S. economy, subdued inflation and rising stock prices are propelling the dollar rally into its fifth month ...
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jsspmk replied Apr 4, 2010I am just commenting on USD end of rally, technically speaking it hasn't finished yet, top callers love calling tops, traders don't have the luxury of doing so.
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jsspmk replied Apr 4, 2010If on the other hand base is built above those numbers then with 1st quarter finished 1.392 represents 50%, also 90 & 20 averages on weekly chart are about to cross over (death cross) that is also around 1.39 zone, have to watch this one closely for ...
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jsspmk replied Apr 3, 20101.3510-1.35 is of essence for both bulls & bears alike, hold below & it tanks, hold above & more upside likely.
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jsspmk replied Apr 2, 2010There is a lack of regulation in FX for some reason, but it's up to a trader to make a choice whether to trade spot or futures. Problem is undercap in so many cases, an account with just a few grand in it is 99% a liquidity pool. Big players are ...
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jsspmk replied Apr 2, 2010Daytrader or not one can't ignore monthly levels, so Skyzer you are jumping the gun calling for fall of USD as 79.650 is key
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jsspmk replied Apr 2, 2010But futures did close below March close & that's more valuable information in comparison as bulls weren't allowed to build a confidence base above March close 1.3510
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jsspmk replied Apr 2, 2010"Perhaps some of the USD buying can be attributed to the sneaky and under the radar last minute announcement by the Fed to hold a meeting “under expedited procedures” at 15:30GMT on Monday, on the subject of a “review and determination by the Board ...
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jsspmk replied Apr 2, 2010It does smell like they will raise or perhaps leave discount rate as it is, very unlikely they will reduce it after raising it not that long ago. Need to dig out info on the net what journalists make of that meeting.
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