DislikedHope this link comes up. From Bloomberg.com videos
"Mallaby says U.S. exports may suffer from Greece crisis" march 9Ignored
POLL- Trend Reversal or Retracement 0 replies
Are we close to TREND REVERSAL? 5 replies
Noting some bullish CAD comments from Fin. Minister Flaherty. Still a lot of CAD buyers out there and CAD banks are seeing Asian, Middle Eastern and Russian names stocking up.
Personally, I am (still) waiting for a break of 1.02 to get short and 1.03 to get long. Luckily I am patient!
DislikedMaybe someone else wants to take a look at the following. The Euro/Usd pair has been trading in an confined area for the last four weeks. If you go to the weekly/10 year chart you may find the same thing I did. There is no other pattern configuration as is being experienced now. This tight series of the Doji candle.
The inference is that central banks have been intervening steadily to stabilize the Euro at these levels. So if your trading has been getting subject to whipsaws, you might reconsider how to approach the market.
The other inference,...Ignored
DislikedMorning Scarecru, Vengeance.
The weekly chart was looked at because sometimes stepping back from all the noise can bring some clarity.
All the debt to be carried is still deflationary in both N. America and Europe
In China the debt is being sustained by the assumption of more debt. Jim Chanos claims research that showed that 60% of Chinas' GDP was construction related. If this is even halfway true at some point the loan structure will collapse and equity positions will be wiped out.
China may be a closed economy but to the working poor...Ignored
DislikedThe space between 1.02 and 1.03 has been frequently held onto reversals on long term and medium term trends. Although there is a multi month downward channel.
Dislikedlooking @ daily pivots i have bought @ 1.0260 uptil 1.0270 with stops below 1.0220 till 1.0200 and no profit target....would let it go up till it can....lets see what happens....first try at itIgnored
DislikedR at 1.0320 is the keyIgnored