Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:hisah wrote:Long USDSGD position 2 closed at market @1.2820. Profit = $1840 less rollover charges. No need fighting the Fed & its global CB counterparts. I was hoping 1.32 would be hit. Still bullish on this cross as well as USDZAR. Bearish AUDUSD & NZDUSD. Waiting for the hopium to calm down in 2 weeks time... Stated on Dec 1st. So far aussie & kiwi behaving as per expectation. They'll make great shorts for 2012. EURUSD cannot sustain hopium rally of Fed swap rate cut 4 days ago! Bure kabisa this cross.
USDZAR - Long target would be great along 7.70 - 7.80 levels. This cross will test 9.00. Above this 10.00 is possible, but the oversell will make it less juicy.
@qw - what has happened. You're almost a euro perma-bull and of late you've creeped into the USD bus. Did you pay for the USD trip 
@ceinz - spot gold/silver buy targets still remains @1600 & $27-28 levels. Still not able to get physical bullion as I had mentioned to you last week after Fed swap rate cut admission! Seems the S.Korea Nov bulk purchase has dried the market! The rate at which CBs (esp BRIC group & asia) have become net buyers of gold this year is astounding! Next year PMs are likely to have another incredible parabolic rally episode...
2011 has seen the euro illustrate how 'fixed' the system is after the 2008 GFC drama. The lies of the system are fast catching up and I'm glad we'll soon finally move on from being stuck in 2008 & find solutions accordingly. The $, £ and € should be let to go broke then we pickup the pieces and form a basket of a reserve currency backed by resources & not air! No more is one nation greater than the rest. That time is long gone...
Yap, Audusd and Nzdusd looks like nice short candidates, but I dont think the swap rate hike effect will be washed away that quick. I therefore expect the markets to be range-bound for a while. On gold, I expect some resistance around the $1700 handle, if this fails then the recent low, $1665 will be a good level to watch. “small step for man”
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