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- ez0770 replied Feb 18, 2018
From my personal experience there is no one "right" way to look at trading as I believe you might be suggesting. For example you say overbought/oversold are useless concept, yet the way I defined oversold in my previous post is within a specif ...
- ez0770 replied Feb 18, 2018
I guess you can say that an asset/currency is overbought/oversold when it shoots out of an equilibrium level (range) without any real change in the fundamental picture. In the case of UJ for example, is there an economic rationale for a 7% drop ...
- ez0770 replied Feb 3, 2018
Understood, thanks for your reply
- ez0770 replied Feb 3, 2018
Hi, interesting thread...does your model predict the exact times of the swings or is approximate?
- ez0770 replied Sep 17, 2017
1.30 seems miles away after this rally. I reckon even 1.3350 is a decent support and it might be a while before we revisit that too. BOE was a short term game changer, cable will remain a buy on dip for a while, unless we get a strong catalyst to ...
- ez0770 replied Sep 17, 2017
Hi, What's your opinion on this trendline? That's where the parabolic ascent seems to have stopped for the moment....
- ez0770 replied Sep 18, 2016
In absence of news, cable is technically oversold (in the shorter time frames) and likely to retrace at least some of the drop and consolidate ahead of the FOMC and BOJ this week. If more negative Brexit news come out you can expect of course more ...
- ez0770 replied May 13, 2016
The average hourly earnings of the employment figure was positive, which helps explain the increase in retail sales
- ez0770 replied Apr 18, 2016
Thank you fonx, glad I could contribute
- ez0770 replied Apr 18, 2016
Very good question. There can be different explanations: 1) As a foreign investor you buy currency-hedged Japanese stocks from another foreign investor who held the stocks unhedged (i.e. long yen). The net result would be +ve for stocks and -ve for ...
- ez0770 replied Apr 18, 2016
Foreign investors in Japanese equities hedge the currency risk by selling Yen. If you are a non Japanese investor buying stock in a Japanese company, you are interested in realizing capital gain (and dividend income) from that stock but in most ...
- ez0770 replied Apr 18, 2016
I expect more QE, perhaps in the form of buying ETFs which could boost equities. A big factor of yen strength this year has been foreign investors pulling out of Japanese equity markets and unwinding related currency hedges. If the BOJ manages to ...
- ez0770 replied Apr 18, 2016
BOJ meeting coming up on April 28th and some kind of action/intervention is now widely expected. Yen long positions at an historical extreme so a short covering in UJ is very likely to happen over the next few days
- ez0770 replied Apr 6, 2016
Stop orders getting filled below 1.4050/60 area
- ez0770 replied Apr 3, 2016
A couple of observations if I may. Brexit is not too hyped,in my opinion, as it is a concrete risk for the UK. If it does happen, it would represent a major paradigm shift for the country and as such we could expect to see a deep dive in Sterling, ...
- ez0770 replied Mar 7, 2016
What is your target if I may ask?
- ez0770 replied Feb 24, 2016
Good stats, keep up the good work
- ez0770 replied Feb 19, 2016
For the time being the market seems to think that brexit is bad for sterling so I personally would not trade against that consensus view
- ez0770 replied Feb 19, 2016
Keep in mind headlines risk is high with ongoing Brexit negotiation at the EU summit...
- ez0770 replied Feb 16, 2016
Indeed. In this case it would suggest a strong cpi figure...let's see what comes out