- Search Forex Factory
- 16 Results
- Taiyin8 commented Aug 10, 2015
Those wanting to short Chinese Yuan but cannot do so easily, or cheaply, could look at shorting Singapore dollar (SGD). USD/SGD just popped 100pips after the China's news. Singapore's economy is super reliant on exports so what ails China, ails ...
- Taiyin8 commented Aug 8, 2015
I have no current position on the AUD, which is a good thing. As they say, once you have a position, you no longer think straight. Who knows how the AUD will react come Monday morning. From the chart, I speculate that there's bullish momentum on the ...
- Taiyin8 commented Jun 26, 2015
Surprising that NZD is holding up so well. Exports are down sharply and imports of capital goods are down sharply. Surplus only comes from lower oil prices. Retreat back to below 0.6800, me thinks.
- Taiyin8 commented Jun 17, 2015
Forecast was for +0.6%. Not sure how economists could get a backward-looking number so wrong.
- Taiyin8 commented May 8, 2015
I am not British, but if a referendum were never held (under Labor rule), the question of EU-membership would forever remain an overhang. Might as well have a referendum and get the issue decided once and for all by the people.
- Taiyin8 commented Mar 11, 2015
Agreed on shorting the EUR/NZD pair. For longer term traders, look at the weekly chart. The failure to break overhead resistance at 1.48-ish is fairly dramatic. Now, there are no tangible support to think of.
- Taiyin8 commented Mar 2, 2015
FX markets are not trending at the moment so we get no real breaks. Look at the USD/CNH (off shore Yuan) pair. It popped 80 pips on news over the weekend of China's rate cut. Then, steadily went up another 80 pips over the following two hours. Then, ...
- Taiyin8 commented Feb 4, 2015
According to Peter Brandt, for a formation to be a real H&S, the two shoulders must overlap, at least partially. The way he is drawing the potential right shoulder does not overlap at all with the left shoulder. Not a real H&S potential in my book.
- Taiyin8 commented Feb 2, 2015
Even with no rate cut, there could still be a lot of volatility as the market decipher RBA statement. Am watching the AUD/NZD pair for a move back above 1.075 (hopefully).
- Taiyin8 commented Jan 31, 2015
I use IB, the spreads for USD/CNH (off-shore yuan) is typically 2.5 pips, which seems reasonable. What's expensive is the financing when you're shorting CNH. IB charges about 6% p.a. But, of course, if you don't plan to hold for too long, this ...
- Taiyin8 commented Jan 31, 2015
Alternatively, you could short the Chinese Yuan directly.
- Taiyin8 commented Jan 21, 2015
Hi Caesar I see where you're coming from, as I also position-trade. However, not all forex traders take positions. Many are scalpers and day traders. If you're shooting for hundreds of pips, I guess your position could be small (relatively) to still ...
- Taiyin8 commented Jan 20, 2015
Isn't it the case that many overseas brokers do not accept US residents as customers.
- Taiyin8 commented Nov 10, 2014
I believe the US stock markets are open tomorrow (although bond markets are closed). Activities on FX markets should not be greatly affected.
- Taiyin8 commented Apr 19, 2013
Moody's downgraded UK debt on 22 Feb when GBP-USD was 1.526. It finally settled at 1.490 on 3 Mar. But, to be fair, the downtrend in the run up to Moody's downgrade was more aggressive than the downtrend over the past few days, so momentum behind ...
- Taiyin8 commented Feb 4, 2013
More interesting is the comment on the GBP, which looks very vulnerable after attempts to recover late last week failed miserably.
- Posts by Member Search: 'Taiyin8'