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Forex Trading Corner V2
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dr2k3
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 Jun 30 2008, 04:27 PM
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QUOTE(billytong @ Jun 30 2008, 01:23 PM) Tied my hands up, taking a break, no more trading until ECB rate.  ECB Rate hike 4.25% = Euro Retest 1.6000 or better ECB rate hold 4% = Euro backing of to 57000 or less. ECB rate hike 4.25% + bad NFP = USD melthdown ECB rate hold 4% + bad NFP = 1.59-1.6000 ECB rate hold 4% + slightly better NFP = euro retest 1.5400 Key = Look at ECB rate + interest comments pay 65% attention on it, then 35% NFP. These 2 news will decide EU Fate. u forgot to add if ECB rate drop |
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dr2k3
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Jun 30 2008, 04:41 PM
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204 - 205
200 in 1 week is too much........
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dr2k3
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Jul 1 2008, 11:13 AM
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QUOTE(billytong @ Jun 30 2008, 10:30 PM) It is highly unlikely ECB will drop rate. there is only 1% or even 0.1% chances that ECB drop rate. They would sound like an idiot if they cut rate. well.....strengthen the euro do more harm than good....... previously there's already an announcement on ECB to bring down euro.....not rate....so either the rate stay there or drop......like u say...the chances of rate drop from ECB is so low....but the chances r there This post has been edited by dr2k3: Jul 1 2008, 11:14 AM |
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dr2k3
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Jul 1 2008, 02:01 PM
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either stabilize it or depreciate it a lil.......
currency that rise too fast is a bad news to any country
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dr2k3
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Jul 1 2008, 10:47 PM
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i think opposite instead....if gbpjpy go down futher at such a fast rate......jp really in deep shit
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dr2k3
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Jul 2 2008, 11:59 AM
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QUOTE(billytong @ Jul 2 2008, 10:33 AM) I repeat, there is no way the ECB will drop rate for this time. It is not even in their mind to drop rate. Oil 143USD and u except them to cut rate? They will lose their job for causing an even higher inflation. i am running at least 50% probability they will hike the rate to 4.25%. Oil 143USD. Thats alone have enough reason to hike rate. well....diff ppl diff thinking.... i would say 90% stay and 10% drop |
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dr2k3
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Jul 2 2008, 01:17 PM
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QUOTE(normeck @ Jul 2 2008, 01:00 PM) Asian Stocks Decline, Led by Nippon Yusen, Korean Air, Honda ok ...please teach me on this...lets go to basic 1st Asian Stocks decline....that means?.... their current situation on economy was going down...then JPY currency sure get down right? after that people will sell Yen right?> usually when stock decline yen rise....aka gbp,usd/jpy drop i heard something about buy yen to pay debt or something liddat, because yen rate is very low This post has been edited by dr2k3: Jul 2 2008, 01:18 PM |
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dr2k3
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Jul 2 2008, 01:32 PM
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rate drop = currency drop...because ppl want the rate....same like FD...if low u want to put in o not?
but rate low good for stock....but not for jp case...very complicated....too many chain reaction
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dr2k3
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Jul 2 2008, 02:02 PM
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ya...what he say...  i think should be......borrow yen(sell yen) to buy usd/gbp/euro to buy stock..... i dont think anyone would accept yen when u try to buy US stock This post has been edited by dr2k3: Jul 2 2008, 02:07 PM |
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dr2k3
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Jul 3 2008, 08:15 PM
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lol....the stupid Trichet ...so many of their member is againts rate hike.....he go hike himself.....i really wanna see whats ganna happen next
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dr2k3
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Jul 3 2008, 08:34 PM
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lol.....i will short usd/jpy...its spiking high now
i might be wrong....
This post has been edited by dr2k3: Jul 3 2008, 08:35 PM
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dr2k3
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Jul 3 2008, 09:50 PM
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move during news is not real direction.....
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dr2k3
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Jul 4 2008, 05:58 PM
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friday ler =/
somemore now is holiday season for western and jp or something liddat...thats why market not moving much lately
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dr2k3
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Jul 4 2008, 06:13 PM
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well...i heard june/july to september is like holiday for forex market.....very low liquidity
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dr2k3
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Jul 4 2008, 07:02 PM
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no what i mean is some country.....the "trader" is on summer holiday or whatever holiday
less trader = less liquidity = no movement
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