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- ajpipsmaker commented Mar 5, 2014
ECB won't be doing anything, in my opinion. And, as a result, the EURUSD will fly tomorrow. This is just my view. I may be wrong here. However, the recent inflation data suggests no need of rate cut in the short term. Let's see what will happen ...
- ajpipsmaker commented Feb 26, 2014
Have a look at the USDJPY. It is climbing. I love this pair. I was long, and looks like that my idea paid off. Anyone else was long USDJPY? However, I still see the 102.60/70 as a major hurdle for the pair. If the range persists, then we can witness ...
- ajpipsmaker commented Feb 18, 2014
Well, I think selling GBPUSD might be a risk considering the current market sentiment. The pair may again find buyers around the 1.6660/40 level. I may be wrong, but the pair failed today at around the 1.6650 level. We need to see how the pair ...
- ajpipsmaker commented Feb 12, 2014
I like the sentence Pound the Pound. I think no one can pound the pound now. It is not at all willing to go down. The 1.6600/10 level is a crucial swing level now. Any break higher might trigger more gains for the pair, and it is possible that the ...
- ajpipsmaker commented Feb 11, 2014
Sterling is in no mood to go down from here. I see only buying opportunities on the pair. Even if the pair manages to fall from here, then I think that will be a buying opportunity. I read in many places, people keep buying the pair. There is a guy ...
- ajpipsmaker commented Feb 10, 2014
Some things just doesn't matter to the Euro. The pair has kept rising. However, I think the 1.3660 level is a major hurdle for the pair, and it might struggle to take it out. I think one can consider buying from around the 1.3580 and 1.3560 level. ...
- ajpipsmaker commented Feb 7, 2014
Let's hope that the Canadian jobs report comes out well today. The decline in the Canadian dollar is a bit overstretched, in my opinion. What are your thoughts? The USDCAD has also traded a lot higher than expected. I think the pair is due for a ...
- ajpipsmaker commented Feb 6, 2014
LOL killer stuff from the Euro. The EURUSD plunged about 120 pips. I never thought that Draghi will come out so less dovish today. He was optimistic about the growth this time. He must have had a long position on the Euro, LOL However, the ...
- ajpipsmaker commented Feb 4, 2014
I somehow agree with the argument made. I think the recent panic about the emerging market, and the possible impact on the US is more of the media hype and less of a fact. This panic has caused a serious buying in one of the safe heavens JPY. The ...
- ajpipsmaker commented Jan 31, 2014
Well, you are right it is down by 1.2 points. However, sometimes the market does not see it that way. The outcome was better than expected. The previous reading was revised up, and the current reading also came better than expected, beating the ...
- ajpipsmaker commented Jan 30, 2014
The US GDP data is more in line with the expectations. However, the thing to consider here is that the jobless claims rose again to 348K. The previous reading was also revised up from 326K to 329K. Not that it will have a huge impact. But, the ...
- ajpipsmaker commented Jan 29, 2014
FOMC here we come. This is one of the major risk events for the week, and probably for the month. There are a lot of talks that the fed will taper again and reduce bond purchasing by another $10B. However, I am bit confused about the fact that the ...
- ajpipsmaker commented Jan 28, 2014
Another poor show after the new home sales data. This is again disappointing, and may weigh further on the US dollar. The pairs like EURUSD and GBPUSD are already gaining momentum to the upside. We have a big day tomorrow. So, we must be prepared ...
- ajpipsmaker commented Jan 27, 2014
7% drop in the new home sales is not good at all. This will definitely weigh on the US dollar. However, we may not see any action as the market is waiting for the all important fed interest rate decision. It would be interesting to see whether the ...
- ajpipsmaker commented Jan 24, 2014
Mr Carney tried to talk down the GBPUSD by pointing that sterling strength might hurt the exports. However, I do not think he would be able to do this every time. The Sterling buyers will soon realize that if the economy is improving, then a push to ...
- ajpipsmaker commented Jan 23, 2014
I think the upcoming FOMC is playing music in the background for the traders. I hope the Fed comes out with something, else it will put the US dollar under severe pressure. The pairs like the EURUSD can take a lot of advantage from that. The pair is ...
- ajpipsmaker commented Jan 22, 2014
I agree to a great extent. The 1.3610/20 level is very crucial for the EURUD now. If the pair breaks this level, and trades higher, then there are chances that the pair might test the 1.3710 level as well. On failure to do so, the bearish pressure ...
- ajpipsmaker commented Jan 21, 2014
The Canadian dollar is one of the biggest losers in the recent times along with the Australian dollar. The CAD decline against most of the other currencies is remarkable. Frankly, I was not expecting the USDCAD to break the 1.1000 level. However, ...
- ajpipsmaker commented Jan 20, 2014
I doubt that the EURUSD can test the 1.3300 area in the coming days. The pair can bounce again from the 1.3440 region. I am not sure, nor I am an expert, but I think that area holds key for the pair. There are chances that the pair might struggle to ...
- ajpipsmaker commented Jan 17, 2014
That was an excellent data for the UK. I have no doubt about it. The 100 pips rally in the pound says it all. Luckily, I was on the long side of the market. The move paid me good 60 pips. I loved the move. I might again be looking to buy the dips at ...