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jsspmk replied Mar 29, 2010A year after correctly predicting the currency’s decline and likening it to the fall of Rome, Royal Bank of Scotland Group Plc’s Alan Ruskin said it may soar 22 percent to $1.10 per euro if Greece defaults. “We’ve moved away from the worst fears,” ...
EURUSD
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jsspmk replied Mar 29, 2010Real congestion happened at 1.362 zone, that ought to be actual resistance since 1.343 hasn't acted like one.
EURUSD
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jsspmk replied Mar 29, 2010That's common sense, at times of total loss of confidence in speculative markets cash is king & what else than USD?
EURUSD
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jsspmk replied Mar 29, 2010IMO if SPX retraces to 900 zone first, then we may well see it go well above 1200, but if it keeps on rocking without a substantial retracement, then that only elevates the likelihood of a massive sell off.
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jsspmk replied Mar 29, 2010Regarding USD index, I know that JPY accounts for around 13% of the total basket, but trend reversal is very visible on its monthly chart. If JPY reverses & sells off, then that will propel USD index higher. GBP doesn't look all that healthy at all ...
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jsspmk replied Mar 29, 2010It's impossible to know what is going on with USD now. It could be that we are nearing the time of another sell off in stock markets in which case cash is king=USD is king. Or it could be expectation of interest rate increase or they could be ...
EURUSD
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jsspmk replied Mar 29, 2010As you know I am not a fan of reversal plays, yet one can't ignore the fact that we are going into a holiday period (Easter), so volume will be thinner & with NDX showing medium-high overbought conditions a short-term reversal in stocks is quite ...
EURUSD
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jsspmk replied Mar 29, 2010Stock markets look heavy to me, USD index looks set to go to at least 84...EUR will most likely fall of a cliff if stocks go into substantial sell off. No Skyzer, I am not saying EUR will go to 0

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jsspmk replied Mar 29, 2010@Skyzer I recall people like yourself, the predictive type, shorting CROCS shares from $20...price kept on going to near $70, later crashed to now $7. Needless to say a lot of those people lost big bucks going against the trend. Point is - one may ...
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jsspmk replied Mar 29, 2010Reading between the lines I would say that the Chinese made a statement regarding "tip of the iceberg" because they want USD to keep appreciating. I am 99% certain now that a deal has been struck between the US & China to strengthen USD, Chinese ...
EURUSD
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jsspmk replied Mar 29, 2010Goldman Sachs Group Inc. and Citigroup Inc. ended bets on a falling dollar last week after the trades lost 2.8 percent. Strategists are raising greenback forecasts at the fastest pace since last March, just before U.S. stimulus efforts that poured ...
EURUSD
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jsspmk replied Mar 28, 2010Done. Statistically speaking upgaps are likely to be closed during a down trend, on the other hand downgaps that happen during downtrends are not so likely to be closed.
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jsspmk replied Mar 28, 2010Here is a very basic recipe of how to make consistent returns. Pick a highly liquid instrument (preferably a commodity) & observe its weekly trend develop. Don't do anything until a weekly trend is clearly broken as on the previous picture. Then ...
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jsspmk replied Mar 28, 2010image image Investopedia explains Trend As a general strategy, it is best to trade with trends, meaning that if the general trend of the market is headed up, you should be very cautious about taking any positions that rely on the trend going in ...
EURUSD