Wazua
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Realities of Forex Investment
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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As the US elections day approaches, the USD is showing strength for a few weeks now. Biggest loser being crude oil. But the world needs cheap oil  Fiscal cliff in focus and a Romney win is not priced by the market. Such an outcome would see global stocks nosedive... Next in focus will be if the bernank is retained as chair after Jan 2014 term expire. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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SNB has been quietly selling the euro as it rallies... Unnoticed due to the Draghi put of eurobond support at all costs! If & when the market calls Draghi's put a bluff that euro will crash badly. SNB EURCHF 1.20 guard-rail will be severely tested... http://online.wsj.com/ar...572.html?mod=europe_home$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USD has turned bullish on short term charts. Weekly not far away. Not looking good for commodos or commodo currencies... Watch out for the euro. Solid defence 1.25, at the moment eurodolla is testing sub 1.28... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Hello Joined: 5/6/2012 Posts: 8
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Nice analysis @hisah... I'm shorting euro-dollar like a nonsense. Hoping for a huge windfall!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Obama wins, USD index charging at 81.00 level. Surpassing 81.05 will see EURUSD test sub 1.27. US Fiscal cliff in focus... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Obama wins, USD index charging at 81.00 level. Surpassing 81.05 will see EURUSD test sub 1.27.
US Fiscal cliff in focus... USD index surpassed 81.05 resistance to test a high of 81.17 and as expect EURUSD has tanked sub 1.27 - a low of 1.2688.
Strangely, the USD strength brief knocked out gold and silver just like other commodities, but both have recovered. So we have PMs (gold/silver) gaining strength as the USD gains strength too!?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Watch the euro get hammered by gold... Fireworks  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:XAU/EUR continues the climb after a slight breeze. Euro is getting trounced by gold. Swiss Franc just like the euro is also suffering a similar fate and many more currencies. They simply can't keep up with the gold currency. http://www.kitco.com/gold_currency/index.html
The next train to board is XAU/GBP and smash the GBP on the looming breakout - http://www.bloomberg.com/quote/XAUGBP:CUR/chart
The CBs can lie about their economies recovery as much as they want. They can also print those fiat currencies until kingdom come, but precious metals are just showing the ponzi schemes true colors! The graphics that depict the hidden currency debasement... Gold vs Swiss Franc  Gold vs Euro  Gold vs GB pound  Gold vs Rupee  Gold vs SA Rand  Gold vs Yuan  Gold vs Brazil Real  Gold vs Yen  Gold vs Ruble  Gold vs Canada dollar  Gold vs Australia dollar  Gold smashing currencies trend still intact... 2013 will see the bull gain serious momentum!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USDZAR has been a long since June. Target still remains 10.00. When things start moving towards that level, I expect the JSE to tank below 30,000. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USDINR will cross above 60.00 (all time high - 2012) in coming weeks. The rupee is very weak and I don't see how 70.00 won't be tested in 2013. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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End year trades, I see usd winning over most currencies by the end next month. EU, 1.22/1.2 levels likely. GU, 1.56, 1.54 levels likely. AU, parity, 0.98 levels likely. Do your own homework. Happy trading. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USDJPY - watching 81.80 level. Yen shorts getting bolder... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:USDJPY - watching 81.80 level. Yen shorts getting bolder... Resistance smashed. Longs favoured till 83.50/-$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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South African Economic Growth Slows to 1.2% as Strikes Hurt - http://bloom.bg/UpeJT2
The Rand is still a short. Today commodities are getting smashed... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:So, should the euro crater, SNB will be sitting on a sea of pin tips...  Are pintips coming up...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Short EU, @ 1.2940, sl, 1.3020, tp, 1.26. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Short EU, @ 1.2940, sl, 1.3020, tp, 1.26. Trade exited 1.2970. 30 pips loss. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Gold Falls Just 1.3% Despite Massive, Odd 3.5 Million Ounce Sell Orders - http://www.businessinsid...nce-sell-orders-2012-11
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 11/12/2012 Posts: 92
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ive always wondered where the O.P ngaatu and his crew kina stephenalala went.
this thread made me curious of fx and after 2yrs of research here i am.i trade only price,i have no room for fundamentals.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Is EURUSD about to produce a triple top?  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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