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 Forex version XVII, Foreign Exchange Market Discussion

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dembaba9000
post Jan 26 2016, 07:02 PM

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I also a fan of naked chart and fibo.

But usually i end up fibo strip my account naked.
dembaba9000
post Feb 5 2016, 09:44 AM

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soooo......whats your take on tonight's NFP?
dembaba9000
post Feb 7 2016, 10:13 AM

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QUOTE(kEITh_22b @ Feb 7 2016, 12:26 AM)
Coming Monday will most probably see the USD currency pairs trading "sideways" 1st...

Then if the US Federal Reserve starts sounding more uncertain about the future interest rate hikes (or might even consider lowering the interest rate back down); then we will see the USD getting even weaker & weaker...

But if the US FED starts to sound positive about a rate increase (say in the coming month of March); then we will most probably start to see a rally in the USD once again (it will start to get progressively stronger)...

Gold & oil price movements will also be greatly affected by the USD... (Both commodity price would be suppressed if USD gets stronger, but they will gain if USD gets weaker...)

Canadian dollar & our MYR are greatly sensitive to the oil price movements...

P.S., I'm not sure how many people/central banks would be thinking about buying USDs at this point in time, since the USD has already dropped so much & might be an attractive buy... (Because the FX market can be affected by such a movement currently)...

USD has weakened a lot, but it has the potential to be weakened even further... On the other hand, since the USD has already weakened so much; it might be time for it to start getting stronger once again...
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I enjoyed the read. But this is another forecast that says " usd might go up, might go down, might go sideways".
dembaba9000
post Feb 9 2016, 01:15 PM

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QUOTE(braindeath @ Feb 9 2016, 12:34 PM)
Anybody got into gold?

Before market close, entered gold and hit TP, now gone higher, wish i did as i regularly played sad.gif

To those using bbma, lower bb on gold start to dip, what do you guys think?
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I still have 2 positions EP 1080 and EP 1093.
dembaba9000
post Feb 9 2016, 02:33 PM

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QUOTE(braindeath @ Feb 9 2016, 01:25 PM)
notworthy.gif  hopefully the price will increase

Iinm real gold price now keep on increasing right?
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long term yes?? Might see retracement back to 1150 region.

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