USDPLN instead of USDRUB? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Exotic Pairs (EURTRY, USDRUB, MXNJPY...) 79 replies

How to count the pips on USDPLN currency pair? 5 replies

USDRUB 1x trade per day at market open 0 replies

USDRUB - maybe an opportunity? 2 replies

MT4 Draw Symbol instead of Arrow, Draw n instead of square 2 replies

Attachments: USDPLN instead of USDRUB?
Exit Attachments

USDPLN instead of USDRUB?

  • #21
  • Mar 12, 2015 6:14am Mar 12, 2015 6:14am
The correction this morning on the Euro confirmed what happened yesterday with TRY, MXN etc. Looking at Euro charts as per Tomas' insight shows the Euro fell even harder against those currencies than the dollar, which is how they recovered against the dollar. What do you think of shorting EURTRY based on this?


Also Tomas, what's your opinion on EUR/exotic pairs - they seem to either trend or range very nicely, and the spread seems very reasonable? I never really looked at them much before but honestly I think I am liking a few of these at least

Attached Image (click to enlarge)
Click to Enlarge Name: USD Exotics Ranking v3 - Daily.jpg Size: 402 KB
  • #22
  • Mar 12, 2015 7:06am Mar 12, 2015 7:06am
PLN, NOK and TRY are worth interesting, TRY is good for Carry trading strategy and it is at quite attractive levels now.
  • #23
  • Mar 12, 2015 6:37pm Mar 12, 2015 6:37pm
Tomorrow Polish CPI. Maybe will get us to 4.00.
  • #24
  • Mar 13, 2015 9:16am Mar 13, 2015 9:16am
EURPLN is rising, EURUSD is falling, ideal situation to go long on USDPLN.
  • #25
  • Mar 13, 2015 11:09am Mar 13, 2015 11:09am
2 polish cpi's came out. MoM and YoY. What's the difference. Which one more important.
  • #26
  • Mar 13, 2015 12:35pm Mar 13, 2015 12:35pm
Quoting pbylina
2 polish cpi's came out. MoM and YoY. What's the difference. Which one more important.
Month Over Month / Year Over Year

Which is more important? From a forex perspective, whichever relates more to market sentiment, which for Poland, I'm not sure. One is more long term, so if there was a big change, or fell short of yearly estimates, but the last month was OK, then the y/y would be more important.

Where are you getting these btw, are you using a calendar like FF? I never saw Poland data on these before.
  • #27
  • Mar 13, 2015 12:49pm Mar 13, 2015 12:49pm
From investing.com
  • #28
  • Mar 15, 2015 3:05pm Mar 15, 2015 3:05pm
Quoting tomas.v
EURPLN is rising, EURUSD is falling, ideal situation to go long on USDPLN.
Asseco Poland (ACPP.WA) Eastern Europe's largest software producer, nearly doubled its fourth quarter net profit year-on-year.
There are more opportunities in Polish equities than betting on Zloty's fall.
Interests lowered twice, dollar rising, ECB easing, 5% in Zloty just doesn't sound right!
  • #29
  • Mar 15, 2015 4:24pm Mar 15, 2015 4:24pm
Cyfrowy Polsat SA (CPS) eh?
  • #30
  • Mar 15, 2015 4:48pm Mar 15, 2015 4:48pm
Polish Stocks are far below their fair values, PE ratio is very low, but capital market has been undermined by pension fund reform and now Warsaw Stock Exchange is very shallow, backing to USDPLN I expect 4.0 level this week to be reached.
  • #31
  • Edited Mar 16, 2015 11:57am Mar 15, 2015 5:01pm | Edited Mar 16, 2015 11:57am
Quoting tomas.v
Polish Stocks are far below their fair values, PE ratio is very low, but capital market has been undermined by pension fund reform and now Warsaw Stock Exchange is very shallow, backing to USDPLN I expect 4.0 level this week to be reached.
You say that Zloty's moving lower is based on (European) intermarket capital flows based on macros, and that WSE is a different story and should be regarded in isolation (strictly based on Polish capital flows) in the foreseeable future. That's interesting!

Wish you all the best! You're on a nice ride!
  • #32
  • Edited 11:58am Mar 16, 2015 11:02am | Edited 11:58am
Commerzbank expects 60-75 bps cut rates from Hungary by end Q2. Consensus is that Central and Eastern Europe will have to ease further to balance against ECB's easing. Zloty may rise to 3.86-3.85 and fall again for the rest of the week. Expect more clarity after Draghi's speech today.
  • #33
  • Mar 17, 2015 1:38pm Mar 17, 2015 1:38pm
4.00 not gaurenteed yet. I think we need to wait for fed tomorrow. If they don't remove patient we can fall. Who knows how much. Closed all my positions. Paper profits realized.
  • #34
  • Mar 18, 2015 8:09am Mar 18, 2015 8:09am
FED will show direction today, 4.0 on USDPLN is still reachable until the trend is reversed.
  • #35
  • Mar 18, 2015 8:50am Mar 18, 2015 8:50am
Anyone take advantage of the Dollar/SEK rise on Sweden's interest rate decision?

I started using investing.com's calendar which has Sweden but had it turned off so missed it completely. (Thx for the tip Pbylina)

USD/NOK tomorrow but the rally is already well under way, not as nice a setup as SEK, but I am planning to enter based on Fed's decision tonight if it looks good.
  • #36
  • Mar 18, 2015 10:04am Mar 18, 2015 10:04am
5.0 is possible in longer term - my opinion.
  • #37
  • Mar 19, 2015 1:51pm Mar 19, 2015 1:51pm
SEK and NOK were the exotic stars of last two days, but FED covered them a bit
  • #38
  • Mar 22, 2015 12:42pm Mar 22, 2015 12:42pm
I'm the same poster as "Why". Just wanted to let you know. I didn't know about FF's policy, so I asked them to freeze my current account and let the other active. They did the opposite. The reason I follow this thread is because of Tomas, which I believe is a great trader and has a remarkable talent to translate "market moods" into action.

Calendar for Poland (EST hours):

[Previous/Forecast]


March 24, 04:00 AM: Unemployment Rate [12%/12%]

April 01, 03:00 AM: HSBC Manufacturing PMI [55.1 / 54.99]

April 06, 04:00 AM: Unemployment Rate [X / 11.5%]

April 07, 08:00 AM: Foreign Exchange Reserves [USD 97.15 B/ X]

April 08, 05:00 AM: Retail Sales MoM [3.1% / -0.1%]

April 14, 05:00 AM: Industrial Production MoM [0.4% / 0.77%]

April 15 (important day)

  1. 06:40 AM: Interest Rate Decision [1.5% / 1.5%]
  2. 08:00 AM: Current Account [EUR 56 M / EUR - 325.3M]
  3. 08:00 AM: Balance of Trade [EUR 1021 M / EUR 4.1 M]
  4. 08:00 AM: Inflation Rate YoY [-1.6% / -1.12%]
  5. 08:00 AM: Inflation Rate MoM [-0.1% / -1.37%]

April 17

  1. 07:00 AM: Corporative Sector Wages Growth [3.24% / X]
  2. 08:00 AM: Industrial Production YoY [4.9% / 4.21%]

April 20, 08:00 AM: PPI YoY [-2.7% / -3.05%]

April 24, 04:00 AM: Retail Sales YoY [-1.3%/ 1.67%]

  • #39
  • Mar 24, 2015 4:08pm Mar 24, 2015 4:08pm
Analysts at Citi recommend purchasing basket of PLN and HUF against the EUR; targets EUR/PLN at 3.95 and EUR/HUF at 290

We will see if they are right.
  • #40
  • Mar 25, 2015 4:15am Mar 25, 2015 4:15am
Quoting Azg1001
Anyone take advantage of the Dollar/SEK rise on Sweden's interest rate decision? I started using investing.com's calendar which has Sweden but had it turned off so missed it completely. (Thx for the tip Pbylina) USD/NOK tomorrow but the rally is already well under way, not as nice a setup as SEK, but I am planning to enter based on Fed's decision tonight if it looks good.

Most interesting is that attention was driven to that pairs particularly after CHF event. Personally I don't see any trading potential in them, prefer to continue day scalping with USD/RUB at Tickmill, despite bigger spreads, price swings yield more to fundamental predictions, while last meeting on SEK showed intradeable trending..
0 traders viewing now