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Realities of Forex Investment
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hisah
#3471 Posted : Wednesday, July 06, 2016 6:49:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
GBP$ closed the month below 1.35 critical support. Bears in control. Next target is 1.30 then 1.28.

As for euro/£ the rally is misguided. It'll fall like a rock when more nations start walking out of the euro union straitjacket! I don't see any long term euro scenario. This is one currency that will likely seize to exist in a decade's time depending on how fast the fallout unravels!

Both support levels taken out! Focus shifts towards 1.25 then 1.20. GBP still struggling to find a bid post brexit.

EUR/£ testing .86 handle and aiming .90 handle. Madness. One heck of a shorting magnet build up when ECB slips!!!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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alutacontinua
#3472 Posted : Monday, July 11, 2016 8:53:51 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Nikkei reports that Japan PM Abe is set to order a new economic stimulus package on July 12, while considering additional JGB issuance. Headlines are crossing the screens via Bloomberg. The Japanese Yen has weakened across the board on the news.

Yen weakening, Nikkei already up 4% off this news. Tomorrows Asia session will be one to watch very closely....
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Swenani
#3473 Posted : Monday, July 11, 2016 12:12:10 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Depressing



I will revisit this thread in 2018!
If Obiero did it, Who Am I?
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hisah
#3474 Posted : Tuesday, July 12, 2016 6:03:59 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Swenani wrote:
Depressing



I will revisit this thread in 2018!

If you earn in pounds it's depressing. But the big picture is fantastic for their industries since their goods have become cheap overnight! Exports will boom and stimulate the economy. Over time they'll be able to balance their trade deficit. No longer will they have to rely on EU trade packs, which gives them room to abandon the sinking ship at will.

The game is simple here, buy solid uk equities for sizable gains. FTSE will rocket very soon!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 12, 2016 6:05 AM | Reason: Not specified
alutacontinua
#3475 Posted : Tuesday, July 12, 2016 7:36:29 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Japanese Prime Minister Shinzo Abe and previous Chair of the US Federal Reserve Ben Bernanke to meet in Tokyo today 0600GMT

More quantitative easing :)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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alutacontinua
#3476 Posted : Thursday, July 14, 2016 2:16:31 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
UK MPC votes 8-1 to leave UK interest rate unchanged. GBP gains as FTSE100 drops to an intraday low. Market now repricing a rate cut and stimulus in August.

Coming sessions will be interesting to see how BTD plays come into the market.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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RFE_20354
#3477 Posted : Thursday, July 14, 2016 5:54:43 PM
Rank: New-farer

Joined: 7/4/2016
Posts: 18
hisah wrote:
RFE_20354 wrote:
Hello my fellow Wazuans,

I've been an ardent follower of this site and finally decided to sign up. I have a question for the forex gurus: which broker do you use to trade in forex? I'm using Alpari but would like to know of other better ones out there.

Most trusted brokers

These days the keyword is trustworthy broker. Those that can survive these uncertain days of huge volatility moves. FXCM almost went bust in Jan 2015 after SNB killed their euro peg on the swiss franc.


Thanks Hisah. I've come to accept that most of these brokers are market makers and the odds are usually stacked against small retail traders.
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murchr
#3478 Posted : Friday, July 15, 2016 6:38:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
What is the expected impact of the shilling downgrade? Strong $$
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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alutacontinua
#3479 Posted : Saturday, July 16, 2016 9:08:09 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
murchr wrote:
What is the expected impact of the shilling downgrade? Strong $$


Found this link on the economic forecast of the country

http://www.tradingeconomics.com/kenya/forecast

Projections showing we should be trading at 121 by 2020 despite inflation projected at 5.9%
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#3480 Posted : Sunday, July 17, 2016 4:20:06 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
What is the expected impact of the shilling downgrade? Strong $$

Eurobond 2.0 out the window. Premium rates will be demanded by the bond market.

Capital flight into the USD is a global trend that KE can't escape.

Which way, austerity to cut gok recurrent budget or print to stimulate the slumping private sector? Election looms so the latter is likely. Inflation will chew KES 'strength'.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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