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Realities of Forex Investment
hisah
#3021 Posted : Tuesday, November 04, 2014 3:54:56 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
FX buzz today is on the EURCHF SNB peg @1.20. EURCHF has tested 1.2050 today...

Nice charts by ActionForex - http://www.actionforex.c...-outlook-20141104228374/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#3022 Posted : Tuesday, November 04, 2014 5:36:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Why The Yen Run Will End in Tears
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#3023 Posted : Tuesday, November 04, 2014 10:23:56 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility


Quote:
'..the currency market’s reaction to even a hint that the BoJ is losing support for its expansiveness could be huge. While the door is open for the USDJPY to reach 124 and perhaps 135 within the next 12 months, the reaction to the other side could be violent.
JPY monthly charts

As a reminder, here’s what happened on the USDJPY in 1998. The pair dropped over 20 big figures in a matter of days


Indeed, reminds me of 2010/2011 when BOJ was hopelessly fighting off the yen bulls. As a matter of fact the yen long term trend is bullish and we are currently on a pullback, that can floor anywhere between current levels and 125.
“small step for man”
hisah
#3024 Posted : Thursday, November 06, 2014 7:20:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:


Quote:
'..the currency market’s reaction to even a hint that the BoJ is losing support for its expansiveness could be huge. While the door is open for the USDJPY to reach 124 and perhaps 135 within the next 12 months, the reaction to the other side could be violent.
JPY monthly charts

As a reminder, here’s what happened on the USDJPY in 1998. The pair dropped over 20 big figures in a matter of days


Indeed, reminds me of 2010/2011 when BOJ was hopelessly fighting off the yen bulls. As a matter of fact the yen long term trend is bullish and we are currently on a pullback, that can floor anywhere between current levels and 125.

Was just a matter of time before S.Korea or China reacted to BoJ's yen slaughter fest. S.Korea now to track yen madness in order to make won competitive (devalue) since their manufacturers/exporters have been seeing red with a cheap yen. And with that permission to short won vs $ is now a given trade just like the yen. Now waiting to see chingland's move on their yuan as their manufacturers/exporters face cheap wons and yens.
Did BoJ just ignite a currency war in asia? Btw $yen has moved 7 big figures in 7 days!! Madness! The 116 handle is likely to print today!
http://www.sharenet.co.z...6e95b8a6c9a4b3ce8b70642

Meanwhile €/CHF SNB peg is hanging on a shoestring with 22 days left before the gold referendum.

CBs have been a busy lot since 2013 in the markets that it seems unbelievable that Fed has stopped QE. With ECB facing EU CBs disarray that puts the euro on a bad footing. Euroland deflation calls for a cheaper euro. Wil they pull that move?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#3025 Posted : Saturday, November 08, 2014 7:35:39 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:


On GU, the sell off is far from over. I'm still eyeing the 1.588 bounce last month. If we take this out, we can expect a fall to the 1.54 levels.


We are now below this low, the train continues with its journey south.
“small step for man”
Ceinz
#3026 Posted : Wednesday, November 12, 2014 12:30:08 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Rollercoaster gu. I have been short gu since last week and the ride is anything but smooth. Anyways still targeting 1.57.
“small step for man”
hisah
#3027 Posted : Wednesday, November 12, 2014 12:54:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Fully focussed on €/CHF peg at 1.20 as the Swiss referendum dday approaches. The fireworks will be fantastic... Get ready for those CHF crosses trades.

My USDCHF target is 1.10. Crazy!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#3028 Posted : Wednesday, November 12, 2014 2:07:09 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Fully focussed on €/CHF peg at 1.20 as the Swiss referendum dday approaches. The fireworks will be fantastic... Get ready for those CHF crosses trades.

My USDCHF target is 1.10. Crazy!


1,500 pips. This is enticing I will put this in my radar.
“small step for man”
hisah
#3029 Posted : Thursday, November 13, 2014 6:18:58 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Banks fined £2.7bn after currency rigging investigation

Confessions continue. When things get hot in future, fines won't work. Public arrests will be the order of day as the financial world experiences a sterilization baptism...

@ceinz - from this article now you see the GBP picture. BoE head of fx... Clear as daylight! Handcuff this bastard.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#3030 Posted : Thursday, November 13, 2014 8:45:49 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Banks fined £2.7bn after currency rigging investigation

Confessions continue. When things get hot in future, fines won't work. Public arrests will be the order of day as the financial world experiences a sterilization baptism...

@ceinz - from this article now you see the GBP picture. BoE head of fx... Clear as daylight! Handcuff this bastard.


Yes, I see. I Still recall ur previous post on the bank exec who's been short gu for quite some months now. The markets will always be manipulated, what matters is what you can pull out for yourself.

The Libor Scandal.

This.

Then another one, the story continues.
“small step for man”
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