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- Pmd1963 commented Oct 15, 2017
If you find yourself hoping or praying, it is time to close the trade. And you can't make those kind of mistakes (falling asleep) if you expect to succeed. This is an unforgiving business. The goal of the market participants is to take your money. ...
- Pmd1963 commented Oct 15, 2017
Relatively hawkish, for Yellen. Constancio and Draghi pretty dovish, esp with lower inflation forecasts for 2018. Favors a short position EURUSD. But best to be patient and see how market reacts -- especially with ECB meeting later this month widely ...
- Pmd1963 commented Jul 5, 2015
This is entirely euro negative. Now attention will turn to Spain and Italy. Spain and Italy were big funders of the EFSF and ESM, which were used to bail out Greece. But Spain and Italy are themselves huge debtor countries, as well. How will they be ...
- Pmd1963 commented Jul 5, 2015
60% No with 30% of votes counted. Hold on to your hats. Best way to play this is not with the dollar. Best play is Sell EUR/JPY. That being said, selling the EUR against US and JPY would give a little protection. Also, in light of China stock market ...
- Pmd1963 commented May 20, 2015
Barclays -- just do the opposite of what they say. Ever look at their "trade of the week" articles? Their "trades of the week" predictions will lose you money.
- Pmd1963 commented Apr 14, 2015
Interestingly resilient response to Westpac data and China data. I wouldn't be surprised if we get a little delayed reaction to the news, with AUD starting to weaken over the next 8 hours.
- Pmd1963 commented Mar 25, 2015
Sell Gold, buy dollar
- Pmd1963 commented Feb 12, 2015
Japanese small business has been hurt badly by the weak Yen, even though large corporations have done well. If the Yen gets too weak, it will put many small businesses in jeapordy. Can't afford that, politically or economically.
- Pmd1963 commented Feb 12, 2015
Russia has vast oil and natural gas reserves. They are far from broke. The Greek Foreign Minister was in Moscow yesterday. Wonder why? Greece has signaled very strongly it isn't going to allow Germany to force austerity on it anymore. Greece is a ...
- Pmd1963 commented Feb 9, 2015
The following ideas are taken from url : EU better look out. First Greece leaves EU. Then Russia cozies up to Greece and Greece leaves NATO. What happens if Russia pays Greece a very handsome sum to have some naval bases in Greece? Enough to pay ...
- Pmd1963 commented Feb 9, 2015
Just do what I did. Leave your Forex Broker (FXCM) and trade currencies with a futures account (I went to TD Ameritrade). My account is never commingled and it is insured up to $500,000.00 by the FDIC (Joint account). Problem solved.
- Pmd1963 commented Jan 27, 2015
I liked their platform, Daily FX On Demand, and their spreads. I disliked their lack of attention to and stonewalling of customers when disaster struck. I dislike the fact that they are going after clients with negative balances (I am not one of ...
- Pmd1963 commented Jan 16, 2015
FXCM didn't lose money. Their clients did. But now they need to be able to get the money back from the clients, which could be a bit difficult, since the money is not in the trader's accounts. Legal action will be required, which is costly. Until ...
- Pmd1963 commented Jan 4, 2015
Fed isn't going to raise rates "mid 2015" as everyone expects. Yellen clearly indicated any raise in rates would be data dependent. Falling oil prices and a slowing world economy are going to keep inflation in check. Labor costs are not going to go ...
- Pmd1963 commented Dec 6, 2014
What he said ....thumbs up!
- Pmd1963 commented Dec 6, 2014
Wow. Lots of paranoia here. At any rate, the good news for you paranoid types is that US 4th quarter GDP is going to come in really low -- maybe 1%, and the media hasn't been talking about it yet, as they are still fixated on 3rd quarter GDP. So any ...
- Pmd1963 commented Oct 14, 2014
Agree long term trend is strong dollar, because it is the least worst economy. Just ran too fast too far. Am going long dollar against euro and yen today
- Pmd1963 commented Oct 13, 2014
How's that long dollar trade working out for you?
- Pmd1963 commented Sep 30, 2014
I hate paying that much interest!