DislikedTake a look at EG
just broke highs and is soaring. probably stops were hit causing ths spike and making GU tankIgnored
Let's wait this out first.
Attached Image
Thank You
Better-than-the-wormhole 555 replies
DislikedTake a look at EG
just broke highs and is soaring. probably stops were hit causing ths spike and making GU tankIgnored
DislikedWe will know tomorrow Nav...
I am always suspicious of moves just before the news day. They are a signal something major is coming our way it could be either QE2 or IR rise. Either the powers want to get out or buy from the bottom. Dollar index isn't up so why these moves?
Reckon we will see more votes in favour of IR rise tomm if not the rate rise itself...UK cannot afford cheap pound it cannot tolerate inflation. Got the news that gas and electric companies are raising rates by another 10-15%...Jeez. Talk about this economy going down the toilet!...Ignored
DislikedNo ... pretty sure that moody bitch sarah pulled this crap & not something I wouldn't have seen coming on the charts lol
Let's wait this out first.Ignored
DislikedWe will know tomorrow Nav...
I am always suspicious of moves just before the news day. They are a signal something major is coming our way it could be either QE2 or IR rise. Either the powers want to get out or buy from the bottom. Dollar index isn't up so why these moves?
Reckon we will see more votes in favour of IR rise tomm if not the rate rise itself...UK cannot afford cheap pound it cannot tolerate inflation. Got the news that gas and electric companies are raising rates by another 10-15%...Jeez. Talk about this economy going down the toilet!...Ignored
Dislikedi think it is amazing that these guys say this at suport and resistance..oh wait..err maybe that cause support and resistance is everywhereIgnored
DislikedMy weekly is telling me up brother. I'm using the same weekly chart I posted here for over a year now, nothing redrawn
Here's the charts posted before:
1. http://www.forexfactory.com/showthre...33#post4522033
Here's what it looks like now.Ignored
DislikedInteresting for me... why if Gold goes up, USD goes down, and if Oil goes down, Eur goes down??Ignored
Dislikedi think it is amazing that these guys say this at suport and resistance..oh wait..err maybe that cause support and resistance is everywhereIgnored
DislikedTake a look at EG
just broke highs and is soaring. probably stops were hit causing ths spike and making GU tankIgnored
DislikedInteresting for me... why if Gold goes up, USD goes down, and if Oil goes down, Eur goes down??Ignored
DislikedLook at the gold chart and Dollar index..
There is no correlation in them anymore.
All are correlated with OIL instead of gold now. Gold is considered as a security (no replacement) not a commodity anymore. Whereas OIL is a commodity (Nuclear, green or any other energy might replace it in a few yrs).
Gold has been going up regardless of where dollar is. You need to buy gold with dollar so you put dollars on the table i.e. more dollars in the market on top of god knows how many trillions floating around
We only had sideways market in gold...Ignored
Dislikedso u say there is a positive correlation between brent and EU ... Brent up means us dollar up = EU down?Ignored