Hello guys!
@passyson
The movement of small dollars particularly the NZD,AUD,CAD has been much affected by the weakening of commodities prices( Gold,ore,e.t.c) as i know they are also affected by the B.O.P. So if you went short with AUD,NZD and long on CAD in the morning sessions i think you would have made almost 40-50 (on each pair) pips as the almost all their support levels have been broken down. Am still anticipating the small dollars movement to be almost bearish taking into mind the falling levels of commodities. Opinion: dont you see the fear of chinese economic growth has hampered more the demand of commodities( there is a fear of inflation and cost prices are high) dont you think the chinese economy is correcting itself?Similarly the fear of slow economic growth in europe and also in asia may reduce further the demand for commodities and thus affect the commodity driven currencies?Give me your take
to all: Do you feel this may be the end of the greenback slump or is it supported by oil levels and other countries economic weakness rather than factual macro economic events? My take is that it is somehow depending on the other factors rather than its factual fundamental issues(the country has some things to sort out still) although its sustain may be boosted if the other factors continue to weaken!
Is the global economy recorecting itself as the effects are now felt everywhere(even in the robust dragon economy) or the dollar was just being speculated against the crude oil much?
I think the 50000 - 100000 units is a good range to waddle between,taking into account the spreads and other factors constant.
@NGAATU