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Realities of Forex Investment
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hisah
#3461 Posted : Wednesday, June 29, 2016 10:15:15 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
Biggest Brexit Losers? Not UK Stocks

This is why I like the NSE20 discounts. Those FTSE KE NSE indices will turn when the main FTSE index bulls finally start setting new all time highs. The coming rally will be spectacular by 2019.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, June 29, 2016 10:17 AM | Reason: Not specified
Metasploit
#3462 Posted : Wednesday, June 29, 2016 5:03:19 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
Metasploit wrote:
Biggest Brexit Losers? Not UK Stocks

This is why I like the NSE20 discounts. Those FTSE KE NSE indices will turn when the main FTSE index bulls finally start setting new all time highs. The coming rally will be spectacular by 2019.


Thanks for this..

I have not failed to note the co-relation between the FTSE and some specific counters on FTSE KE NSE.. was sure today SCOM would touch and close at a 2-3% high from previous close.

I note the FTSE had the largest volume spike ( more than 4 times the average)on 24th to 27th in more than 3 years..and rebounded
GBP/USD now at 1.3510

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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The Great
#3463 Posted : Wednesday, June 29, 2016 11:14:31 PM
Rank: Member

Joined: 9/9/2015
Posts: 233
Sufficiently Philanga....thropic wrote:
hisah wrote:
The Great wrote:
Philangathropic looks like 4pm,Hisah looks like 2am. Is that about right

Asia and London sessions for me due to my timezone smile On eventful days like GFC, grexit, brexit etc one needs redbull, black coffee et al to keep on going coz of the huge time difference!


smile


smile Black coffee for me too.

U guys really work for your monies. 1 to 5am, then again 7pm to 2am? Then 9to 3 at NSE. U really need that coffee.
"Buy when there's blood in the streets, even if the blood is your own."
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alutacontinua
#3464 Posted : Thursday, June 30, 2016 6:09:18 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
Sterling falls sharply after Bank of England governor Mark Carney says "some" easing of monetary policy will be needed "over the summer" and that the BOE can deploy a wide range of instruments. Many analysts expect the BOE will cut interest rates and may opt for further quantitative easing following last week's U.K. vote to leave the EU. GBP/USD falls more than 1% on the day to hit a low of $1.3295 from a rate around $1.3413 just before the speech. Policymakers will make an initial assessment in July and a full assessment in August, Mr. Carney says. He notes that uncertainty over Britain's vote to leave the EU could weigh on the economy for some time, although he warns about negative rates.


Interesting summer ahead.....
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#3465 Posted : Monday, July 04, 2016 4:28:55 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Swenani
#3466 Posted : Monday, July 04, 2016 9:33:12 AM
Rank: User

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


I'm assuming this is a short term forecast pending the constitution of a new govt
If Obiero did it, Who Am I?
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RFE_20354
#3467 Posted : Monday, July 04, 2016 4:37:00 PM
Rank: New-farer

Joined: 7/4/2016
Posts: 18
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.
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hisah
#3468 Posted : Tuesday, July 05, 2016 7:11:40 AM
Rank: Chief

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


I'm assuming this is a short term forecast pending the constitution of a new govt

It's not short term since the USD will benefit from the euroland panic. Both the euro and pound will definitely devalue to reflect the fallout. Since the euro is tied to EU, if the union crashes so will the euro. This has happened before. Refer to the ERM crisis and won't be the first time the euro currency goes down in flames.

This is why I find the euro rally vs pound being very misguided. The pound will survive. So why dump it to buy the euro, which has no clear future? Sell pounds vs USD makes sense if hedging pound losses. But hedging using euros is a disaster waiting to happen!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 05, 2016 7:16 AM | Reason: Not specified
hisah
#3469 Posted : Tuesday, July 05, 2016 7:29:33 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#3470 Posted : Tuesday, July 05, 2016 9:43:40 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Be LONG USDCAD with SL at 1.2828 and target at least 700 pips.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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