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  • FX Heads up on BRICS

    From andrewbusch.com

    Next week, Brazil, Russia, India, China and South Africa are all meeting in Durbin, South Africa to discuss key issues for those nations. While these meetings are typically not market movers, this one will be different. The reason? These nations will likely endorse a proposal to pool some of their massive foreign exchange holdings to create a joint fund. On the FX pool, Reuters states: “The reserves pool of central bank money would be available to emerging economies facing balance of payments difficulties or could be tapped to stabilize economies during periods of global financial crises…the proposed contingency ... (full story)

Buy USD
they itself dont accpet their currency except USD......they dont trust each other.....they also alredy hold meetings more time.....but china refuse the indian currency so.......

usd again bull for the demand
good point to sell the AUD...................

SL 20 pips

TP 400 pips....cheers

before any comment on AUD , i think u need to watch the weekly chart of AUD/USD.
if double top not formation aud again bull. if AUD not able to cross the 1.04550 or 1.04600…………………….then yes there will more bearish of AUD………..again tuesday Steven bark negative towards AUD. …..AUD is over valued and we will do everything but he never do anything without cutting the interest rate…………..cheers………….hahaha
Quoting kranti
good point to sell the AUD...................

SL 20 pips

TP 400 pips....cheers

before any comment on AUD , i think u need to watch the weekly chart of AUD/USD.
if double top not formation aud again bull. if AUD not able to cross the 1.04550 or 1.04600…………………….then yes there will more bearish of AUD………..again tuesday Steven bark negative towards AUD. …..AUD is over valued and we will do everything but he never do anything without cutting the interest rate…………..cheers………….hahaha
SL 20 pips is too tight, that will go at market open on Sunday. Recommend 30+.
Carbon-Dioxide: the gas of life!
Time to sell EUR too for the downward journey to 1.2665
Quoting Exodus
SL 20 pips is too tight, that will go at market open on Sunday. Recommend 30+.

see the weekly chart buddy............
Thanks Kranti For the AUD TIP
sell eurusd and audusd.
I want to be rich.
The initiative is "to stabilize economies during periods of global financial crises". It is only useful when there is a global financial crises, nothing to do with normal situation. It is like buying an insurance. (BTW, I am not an insurance seller. Don't get me wrong.)
Is 1:20 your normal target, how much success do you have with a 20 pip stop and what kind of edge do you put to work on such small stops?

Quoting kranti
good point to sell the AUD...................

SL 20 pips

TP 400 pips....cheers

before any comment on AUD , i think u need to watch the weekly chart of AUD/USD.
if double top not formation aud again bull. if AUD not able to cross the 1.04550 or 1.04600…………………….then yes there will more bearish of AUD………..again tuesday Steven bark negative towards AUD. …..AUD is over valued and we will do everything but he never do anything without cutting the interest rate…………..cheers………….hahaha
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Ironically it's more in tune with the original Tobin Tax stabilisation concept which has been lost in translation as a FTT

Quoting frx_trader
The initiative is "to stabilize economies during periods of global financial crises". It is only useful when there is a global financial crises, nothing to do with normal situation. It is like buying an insurance. (BTW, I am not an insurance seller. Don't get me wrong.)
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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  • Posted: Mar 22, 2013 1:40pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 11  /  Views: 2,760