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  • #211,001
  • Mar 15, 2010 1:14am Mar 15, 2010 1:14am
Quoting forex888
I think Crude will go up above $100 soon because the demand and cost. This will bring a weak dollar. Gold will still play in ranging in BULL.

So if Crude bull, canada will benefit in most currency.
I think your right but that's if oil does go above 100 soon. If it does that will hurt alot of economies not just the US. No industrial country is going to benefit from high oil.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #211,002
  • Mar 15, 2010 1:15am Mar 15, 2010 1:15am
Quoting forex888
IMHO, when US economy is recover, the oil demand is there. So the big boys will buy and hedge it by taking advantage on weak dollar. Low cost Oil storage is likely happen when credit market is good situation.
I would like to understand what you're saying too...
Biggest joker
  • #211,003
  • Mar 15, 2010 1:17am Mar 15, 2010 1:17am
Quoting england33
I think your right but that's if oil does go above 100 soon. If it does that will hurt alot of economies not just the US. No industrial country is going to benefit from high oil.
we in dubai might love it... need money bad!
  • #211,004
  • Mar 15, 2010 1:18am Mar 15, 2010 1:18am
morning all
I SEE YOU !!
  • #211,005
  • Mar 15, 2010 1:23am Mar 15, 2010 1:23am
Quoting england33
I think your right but that's if oil does go above 100 soon. If it does that will hurt alot of economies not just the US. No industrial country is going to benefit from high oil.
Hopefully everything will be in control.
  • #211,006
  • Mar 15, 2010 1:27am Mar 15, 2010 1:27am
Quoting forex888
IF the interest rate still maintain 0.25% this year, the GOLD may jump to 1.3k to 1.4k per ounce soon. Reason, off course it is low rate. BUt that only happen if no inflation issue.
don't forget your in a fragile economy. higher oil can stall economy.. all recessions in the last 40 years were led by higher oil. oil storage is full. the last few times oil went to 80/82 it has dropped not long after along with eu.
those who can, do. those who cant, talk about those who can
  • #211,007
  • Mar 15, 2010 1:27am Mar 15, 2010 1:27am
oil is going down to 69, it made a lower high, and the trend line is broken
  • #211,008
  • Mar 15, 2010 1:28am Mar 15, 2010 1:28am
hey guys i think euro will be supported around 1.3680 otherwise it could go either way wat you guys think?


Edit: I'm getting the number from the daily chart (just so you know i'm not just guessing numbers)

fridays open was around that number. I think it will find decent demand there if it ever gets that low.
  • #211,009
  • Mar 15, 2010 1:29am Mar 15, 2010 1:29am
yes but even if half of the 300,000 reported properties go into foreclosure it is still approx 12 billion (or more) of risk to banks every month

Quoting 2+2=4ex
People whom are severly "upside down" on their home due to severe depreciation are not making payments because to them it makes better business sense. Of course this comes the cost of wrecking their credit, but the foreclosure report might seem worse due to this....
Blogging daily now at www.volume.zone
  • #211,010
  • Mar 15, 2010 1:30am Mar 15, 2010 1:30am
Quoting Forexfsa
EUR shorts increased by 10%, to a new record level today
I too would be interested in a link,

I've been looking at the COT report from the CFTC for futures. Has anyone used this as an indicator?

Under CME it shows the EURO FX commercails are twice as long as they are short. And also under the CME USD index shows commercails are 7x short as they are long.

The idea as is that the commercails ( big hedge funds and banks) are right and that non-comercail ( retail traders ) are wrong. The non comercails are 4x short on euro fx, and 10x long on usd index.
  • #211,011
  • Mar 15, 2010 1:31am Mar 15, 2010 1:31am
Quoting Clouds
oil is going down to 69, it made a lower high, and the trend line is broken
*L* i was being nice.. 55 here we come..
those who can, do. those who cant, talk about those who can
  • #211,012
  • Mar 15, 2010 1:32am Mar 15, 2010 1:32am
Quoting racedesign
I too would be interested in a link,

I've been looking at the COT report from the CFTC for futures. Has anyone used this as an indicator?

Under CME it shows the EURO FX commercails are twice as long as they are short. And also under the CME USD index shows commercails are 7x short as they are long.

The idea as is that the commercails ( big hedge funds and banks) are right and that non-comercail ( retail traders ) are wrong. The non comercails are 4x short on euro fx, and 10x long on usd index.
Probably it was some broker. Here's another broker.

Short positions are 1.5% higher than yesterday and 28.1% stronger since last week.
http://www.dailyfx.com/technical_analysis/sentiment/
  • #211,013
  • Mar 15, 2010 1:39am Mar 15, 2010 1:39am
That the banks and hedge funds do not always make money. And also, remember that they have considerable advantages over most traders here; Firstly, they have a much longer time frame, secndly they have access to a lot of information that we do not get, and finally, they are playing with OPM.. That last makes all the difference. When you combine that with elaborate hedging strategies which can actually reverse a position from what it appears to be; Then, the COT numbers become even more obscure and less indicative than they appear on the surface. Anything that is published for public view is suspect!

Quoting racedesign
I too would be interested in a link,

I've been looking at the COT report from the CFTC for futures. Has anyone used this as an indicator?

Under CME it shows the EURO FX commercails are twice as long as they are short. And also under the CME USD index shows commercails are 7x short as they are long.

The idea as is that the commercails ( big hedge funds and banks) are right and that non-comercail ( retail traders ) are wrong. The non comercails are 4x short on euro fx, and 10x long on usd index.
Ah Luv the smell of a good prediction in the mornin!
  • #211,014
  • Mar 15, 2010 1:42am Mar 15, 2010 1:42am
Morning to all . I see gold ,oil & usdchf moving in opposit direction eu & gj for the timebeing .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #211,015
  • Mar 15, 2010 1:44am Mar 15, 2010 1:44am
dont forget only US change times, so nothing open in europe yet
  • #211,016
  • Edited 1:49am Mar 15, 2010 1:48am | Edited 1:49am
I forgot..:
(

.
Quoting Clouds
dont forget only US change times, so nothing open in europe yet
Ah Luv the smell of a good prediction in the mornin!
  • #211,017
  • Mar 15, 2010 1:51am Mar 15, 2010 1:51am
Hi, I hope your trading week started successfully!

EURUSD peaked on Friday at level 1.3795 and started to retrace without any unexpected volatility. The correction move to the downside will continue until at least 1.37 level (the first Fibo line), it may also expand till 1.363 (but it’s optional). If the price goes higher without touching the fibo lines, it’ll mean the continuation of wave (3) of 3.

You can set sell orders with a moderate volume and initial target @1.37. On the other hand, you can wait until the price reaches it’s aims at the downside and open buy trades. In that case, SL are to be set below 1.3535 and possible target may be 1.382 (161.8% length comparing to wave 1). Anyway, I’ll define it more exactly when the upside continues.

The attached chart is in the signature link.
  • #211,018
  • Mar 15, 2010 2:10am Mar 15, 2010 2:10am
Morning everyone...

No vol today...another ranging day or profit taking one...
Sellers seem to have just appeared...i'm targeting 1,3590 for today hopefully....and why not lower so i can load some longs
COT: The precious data ignored
  • #211,019
  • Mar 15, 2010 2:11am Mar 15, 2010 2:11am
Quoting racedesign
I too would be interested in a link,

I've been looking at the COT report from the CFTC for futures. Has anyone used this as an indicator?

Under CME it shows the EURO FX commercails are twice as long as they are short. And also under the CME USD index shows commercails are 7x short as they are long.

The idea as is that the commercails ( big hedge funds and banks) are right and that non-comercail ( retail traders ) are wrong. The non comercails are 4x short on euro fx, and 10x long on usd index.
the idea of following commercial apply for future market but it is the opposite for spot market on that case follow large trader and IMHO even better to follow small traders instead of large traders
  • #211,020
  • Mar 15, 2010 2:12am Mar 15, 2010 2:12am
Quoting kuroro001
Morning everyone...

No vol today...another ranging day or profit taking one...
Sellers seem to have just appeared...i'm targeting 1,3590 for today hopefully....and why not lower so i can load some longs
id be happy with a 3650 to load longs
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