I posted this some time ago. I think this is might be cooking.
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- #92,122
- Jul 24, 2019 12:58am Jul 24, 2019 12:58am
- Joined May 2013 | Status: Trader | 1,457 Posts
Neither a Bro Nor a Pro I am I
- #92,125
- Jul 24, 2019 2:18am Jul 24, 2019 2:18am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #92,127
- Jul 24, 2019 2:29am Jul 24, 2019 2:29am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #92,131
- Jul 24, 2019 2:44am Jul 24, 2019 2:44am
- | Joined Oct 2013 | Status: Long term Analyst | 1,198 Posts
Right time and good price to buy.
BOUGHT
BOUGHT
Never follow/blame others,Patience is the key skill for Succesfull trading.
- #92,133
- Jul 24, 2019 2:45am Jul 24, 2019 2:45am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #92,136
- Jul 24, 2019 2:53am Jul 24, 2019 2:53am
- | Joined Oct 2013 | Status: Long term Analyst | 1,198 Posts
Never follow/blame others,Patience is the key skill for Succesfull trading.
- #92,138
- Edited 3:14am Jul 24, 2019 2:55am | Edited 3:14am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Good Morning,
I know the EU data came out today was really bad ..same as Canada, Asia all showing signs of Global economic slowdown, but what it means for Dollar ?? to my understanding … this situation will enforce the view of FED cutting rates as at this point FED is more concern about global economy rather their own.
Why Dollar will get lowered in this situation?? Because other central banks don’t have many tools left in their disposal where FED has plenty, EU planning to cut 10bps that’s the maximum they can do now where FED could start with 50 bps and a full cutting cycle from here until things gets better…...again its only my thoughts..
So my money is against Dollar…
Trade safe
Happy Trading.
I know the EU data came out today was really bad ..same as Canada, Asia all showing signs of Global economic slowdown, but what it means for Dollar ?? to my understanding … this situation will enforce the view of FED cutting rates as at this point FED is more concern about global economy rather their own.
Why Dollar will get lowered in this situation?? Because other central banks don’t have many tools left in their disposal where FED has plenty, EU planning to cut 10bps that’s the maximum they can do now where FED could start with 50 bps and a full cutting cycle from here until things gets better…...again its only my thoughts..
So my money is against Dollar…
Trade safe
Happy Trading.
Trades technical moves enforced by fundamentals
- #92,139
- Jul 24, 2019 3:04am Jul 24, 2019 3:04am
- Joined May 2013 | Status: Trader | 1,457 Posts
Neither a Bro Nor a Pro I am I
- #92,140
- Jul 24, 2019 3:06am Jul 24, 2019 3:06am
Good Morning, I know the EU data came out today was really bad ..same as Canada, Asia all showing sign of Global economic slowdown, but what it means for Dollar ?? to my understanding … this situation will enforce the view of FED cutting rates as at this point FED is more concern about global economy rather their own. Why Dollar will get lowered in this situation?? Because other central banks don’t have much tools left in their disposal where FED has plenty, EU planning to cut 10bps that’s the maximum they can do now where FED could start with 50...
hi yea i would agree with you there, as mentioned in an earlier post i actually do like eurusd long but only after ecb tomorrow, thinking along the same lines as yourself
