Posted:
#651
Sorry 101.40 ( i am really bad at that)
USD/JPY First Quarter
Posted:
#658
I saw that earlier on FXDD..
I have almost come to the conclusion that most stuff I read about the Forex outside stating the obvious is always wrong.
So yeah technically these pair had a rough week, that on the surface does not do enough to trade off only.
Why were they weak, what will continue to make them weak?
I care more about the why than if they hit some technical level and moving averages. Technical indicators are a function of the market...outside flow info (as I posted that blurb above) to me all that matters is the reason for the move, the general trend and any flow info I can find.
Reading that the Chinese government has been selling the USD and buying the Euro makes PERFECT sense as to why the moves happened for the last month or so..the Euro was so strong while the USD was listless with no real catalyst.
Lets see how this last hour goes..I am tempted to bail because in the back of my mind I dont think Russia is willing to hold their bluff, too many consequences...
Posted:
#666
I got back in last night @ 101.40
Nice little run up with some positive news, but everything is going to be muted until after Mordor speaks on WED.
Downside risk is pretty high with the EU saber rattling/ and talks of economic sanctions putting US treasuries in the cross-hairs.
If EU pulls trigger on sanctions there is up to 750 billion in US debt that could essentially flood the market at once.
Nice little run up with some positive news, but everything is going to be muted until after Mordor speaks on WED.
Downside risk is pretty high with the EU saber rattling/ and talks of economic sanctions putting US treasuries in the cross-hairs.
If EU pulls trigger on sanctions there is up to 750 billion in US debt that could essentially flood the market at once.
Posted:
#672
I found this tidbit and found it interesting-
- The offshore renminbi rate is down a little in early trading to 6.1678,
- 8 sessions of decline
- At its lowest valuation in 10 months.
Via FastFT (gated):
- China's currency is approaching the ?red line? of 6.20 per dollar - a rate that could cause major losses on billion of dollars worth of complex hedging products
- currency analysts warn that if the offshore renminbi breaks past 6.20 per dollar, hedging strategies could force banks to call in collateral, accelerating the currency's decline
- ?A move of the CNH towards or past 6.20 would have major repercussions for the CNY [onshore currency] market and Chinese businesses,? warned Credit Agricole Dariusz Kowalczyk on Tuesday.
-
Posted:
#674
Quote Originally Posted by bucknuts:
Man I got no luck at all..set a sell order at 142.10 and the pair didnt even breach 142
Nice snag Wall!!!
Man I got no luck at all..set a sell order at 142.10 and the pair didnt even breach 142
Nice snag Wall!!!
buck,
I have no luck either..my order did not hit, not even close...but the trade is in the plus now even with the half cover the other day.
I saw that smack down and then spike, that went for just about 100 pips and quick, but not enough..same for me..the spike was not high enough to hit my limit.
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