Now what Jordan can think of this currency war looking at CHFJPY chart, the pair is almost at intervene time and yet they are trying to defend 1.2. going back to IMF data when USDJPY was 78 they had confirmed that JPY was overvalued but not highly overvalued however reiterated that CHF was highly overvalued then, I think the SNB will move one of these days.
- #10,505
- May 10, 2013 4:10am May 10, 2013 4:10am
{quote} No, not in my opinion. They're not intervening (*) and it's not out of nowhere. Pressure has been building for months. {quote} Nice result. I'm keeping mine (from early February) until we are at least past the highs of mid-January (1,257). PK (* Edit, there are even rumours that SNB may have taken the opportunity to offload some EUR, which would be the reverse "intervention".)
I hope they are not intervening
I'm waiting for a new drop
- #10,517
- May 12, 2013 6:06pm May 12, 2013 6:06pm
Anyone gonna Long EC to get positive swaps, better Long Mex and Zar currencies
Reliable brokers giving positive swaps are few and the + swap is low(not worth to hold a position for), other whatever name brokers have insane +swap on EC that equates AJ or ET that is not normal, those are the best bucketshops
Back to the thread main discussion EC, I think may see 1.2390 in some hours time and not away from 1.235 this week, want a drop under 1.242 today to confirm
Can not see more than 1.2495 this week and must see a 1.2455 breakout on the initial move.
Not excluded in a bullish trend(1.2515 and 1.257), may see 1.2495 to see 1.235 afterwards, market think both ways(spike drop or drop spike).
Swiss Franc would regain some strength partial days of this week, safe havens like the Yen and SF to takeover again in the way market moving EU have an initial 100 pip drop, UC not gonna spike in same manner(correlation), conclusion EC drops to 1.235 to see bulls spike it 1.25
No doubt Bulls regained control after last week, but bears may take control for few days this week in bulls purpose create a firm ground for weeks to come bullish 1.30 insight
Reliable brokers giving positive swaps are few and the + swap is low(not worth to hold a position for), other whatever name brokers have insane +swap on EC that equates AJ or ET that is not normal, those are the best bucketshops
Back to the thread main discussion EC, I think may see 1.2390 in some hours time and not away from 1.235 this week, want a drop under 1.242 today to confirm
Can not see more than 1.2495 this week and must see a 1.2455 breakout on the initial move.
Not excluded in a bullish trend(1.2515 and 1.257), may see 1.2495 to see 1.235 afterwards, market think both ways(spike drop or drop spike).
Swiss Franc would regain some strength partial days of this week, safe havens like the Yen and SF to takeover again in the way market moving EU have an initial 100 pip drop, UC not gonna spike in same manner(correlation), conclusion EC drops to 1.235
to see bulls spike it 1.25No doubt Bulls regained control after last week, but bears may take control for few days this week in bulls purpose create a firm ground for weeks to come bullish 1.30 insight
Trade according to current market condition, not what you think would be.
- #10,520
- May 13, 2013 6:44pm May 13, 2013 6:44pm
{quote} Collecting swap rates using third world's country currency is like picking nickels in front of a bulldozer.
Can classify economies not countries.
Trade according to current market condition, not what you think would be.