Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, January 25, 2007
Syd 15:25 GMT January 25, 2007
Deutche Bank Says Sell EUR/USD, EUR/JPY
Deutsche Bank's global head of FX strategy Bilal Hafeez sees euro weakness ahead in 07, with EUR/USD sliding to 1.20/1.25. Says euro is overvalued in terms of purchasing power. Argues for a "negative surprise" in euro-area economic growth in 07, because of higher taxes, strong exchange rate and impact of US slowdown.
van Gecko 15:09 GMT January 25, 2007
Tor BB 14:00.. gold poking at the 6 month range highs.. dailies above 655 could see 670, but it could also turn on a dime under the prevailing market dynamics.. meanwhile, specs are net long & fishes are shouting "break-out"!still looking for the Yen crosses to inject more life across the board for Goldbugs, Europhiles, Yenophobes, & Fxjunkies..
Gold @654
Tor BB 14:00 GMT January 25, 2007
Gecko, what is your view on gold this morning, it is passing 650. Do you always expect a turnover, the gold stock are very strong. Thanks for your comments
van Gecko 12:29 GMT January 25, 2007
Path to happiness for Europhiles & Ahe's Yenophobes;
Euro/Yen->155.08
Euro->1.2918
Dollar/Yen->120.08
Dollar & carry kicks in again..
Euro break below year low & Europhiles get to buy some cheap Euroo @ 1.2738
Dollar/Yen rise with it's Crosses for 122.88 while Euro & cousin GBP search for more joy..
life is good.. Fx happy days are here again.. ;)
Hong Kong Ahe 08:31 GMT January 25, 2007
Yenophobes fight back after EURJPY reached 155.70/80 except those holding NZDJPY. They grab any chances of a little up-tick to square their short of JPY. The unwinding of carry trade is not yet over. GL and GT.
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
Deutche Bank Says Sell EUR/USD, EUR/JPY
Deutsche Bank's global head of FX strategy Bilal Hafeez sees euro weakness ahead in 07, with EUR/USD sliding to 1.20/1.25. Says euro is overvalued in terms of purchasing power. Argues for a "negative surprise" in euro-area economic growth in 07, because of higher taxes, strong exchange rate and impact of US slowdown.
van Gecko 15:09 GMT January 25, 2007
Tor BB 14:00.. gold poking at the 6 month range highs.. dailies above 655 could see 670, but it could also turn on a dime under the prevailing market dynamics.. meanwhile, specs are net long & fishes are shouting "break-out"!still looking for the Yen crosses to inject more life across the board for Goldbugs, Europhiles, Yenophobes, & Fxjunkies..
Gold @654
Tor BB 14:00 GMT January 25, 2007
Gecko, what is your view on gold this morning, it is passing 650. Do you always expect a turnover, the gold stock are very strong. Thanks for your comments
van Gecko 12:29 GMT January 25, 2007
Path to happiness for Europhiles & Ahe's Yenophobes;
Euro/Yen->155.08
Euro->1.2918
Dollar/Yen->120.08
Dollar & carry kicks in again..
Euro break below year low & Europhiles get to buy some cheap Euroo @ 1.2738
Dollar/Yen rise with it's Crosses for 122.88 while Euro & cousin GBP search for more joy..
life is good.. Fx happy days are here again.. ;)
Hong Kong Ahe 08:31 GMT January 25, 2007
Yenophobes fight back after EURJPY reached 155.70/80 except those holding NZDJPY. They grab any chances of a little up-tick to square their short of JPY. The unwinding of carry trade is not yet over. GL and GT.
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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