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- RahmanSL replied Jun 25, 2019
Important: Do keep in mind of today’s US FED’s Chairman Powell speech at 17.00 GMT which will impact the EUR/USD with bullishness if he reinforces rate cut expectations with further dovish comments.
- RahmanSL replied Jun 25, 2019
On technical charts, EUR/USD is moving towards 1.16 levels which might become a reality IF the US FED’s Chairman Powell reinforces rate cut expectations with dovish comments later today at 17.00 GMT Euro will also be affected by ECB’s De Guindos ...
- RahmanSL replied Jun 24, 2019
This week, market is driven by fundamentals ... i.e. race between the US FED & ECB on policy easing - whether Washington and Beijing can resolve their trade dispute at the sideline of the G20 summit in Japan - Iran/US tensions over downing of US ...
- RahmanSL replied Jun 24, 2019
wow... trading 0.1 lot size on such a small account is looking for trouble if market move against you. Really not sure what market will do today or even this week because this week there a number of events ....i.e. US FED's chairman speech - US ...
- RahmanSL replied Jun 24, 2019
hmmm..... EUR/USD show signs of real downward reversal from 1.1394... wonder strong enough to go below 1.1348?
- RahmanSL replied Jun 24, 2019
Looks like some are desperate for EUR/USD to fall but the path of least resistance is up and bullish case would only weaken if the pair find acceptance below the former resistance-turned-support of 1.1348 German IFO came in with two above & one ...
- RahmanSL replied Jun 23, 2019
Thanks for sharing : )
- RahmanSL replied Jun 23, 2019
Thanks for sharing : )
- RahmanSL replied Jun 23, 2019
Being human, none of us are perfect and it’s to our advantage to use collective wisdom in whatever we do than in going it alone. I read & listen to other’s point of view & logic to augment & to compliment my own point of view & prediction because I ...
- RahmanSL replied Jun 22, 2019
Of course nobody “can predict the market”. I have often mentioned that we should not blindly follow any “experts” because what works for them does not necessarily work for us. If we want to be successful Traders and consistently make money from the ...
- RahmanSL replied Jun 22, 2019
Nice looking charts! Over the weekend I always carry out research and listen to any economic & geopolitical news over at Bloomberg & CNBC in preparation for the trading week ahead. For quite a number of years I always read the article/analysis ...
- RahmanSL replied Jun 21, 2019
The FED will go for a bigger 50 basis points cut in July if China & US cannot come to any sort of agreement and trade war escalate which will of course be bad for USD. As for China dumping their huge US Treasuries, that will most definitely be very ...
- RahmanSL replied Jun 21, 2019
Not that confident EUR/USD will go down to >1.1300 levels as downward momentum running out of steam... closed out both shorts at 1.13095.... will wait a couple hours or so to see any potentials for some more short positions...if not will call it end ...
- RahmanSL replied Jun 21, 2019
Alright!! : ).... US Existing Hmes Sales came in better than expected and I took a couple "shorts" at 1.13295 levels... now to wait and see how that plays out for rest of trading day.... if EUR/USD don't retreat sufficiently to below >1.1300 levels ...
- RahmanSL replied Jun 21, 2019
Okay... US PMI not so good and EUR/USD went up 1.133 levels.... honestly I really don't know what to make of these figures... will wait for US Existing Home Sales coming out in 9 minutes to see where market is really going.
- RahmanSL replied Jun 21, 2019
Yup...possibly some market movements when figures for US PMI & Existing Home Sales comes out in 2 & 16 minutes time.
- RahmanSL replied Jun 21, 2019
Do keep in mind that very important meeting between US Trump & China Xi before G20 meeting 28-29 June 2019 at Osaka Japan which will influence the USD. And of course we need to pay close attention to what the US will do in retaliation to Iran for ...
- RahmanSL replied Jun 21, 2019
If your trading account is over US$20k you should be making sufficient monthly profits to rent a small office where you can trade in peace. Just don't tell the nagging wife but tell her you have found work in so-and-so company. And if you are really ...
- RahmanSL replied Jun 21, 2019
Charts on M1 to D1 time-frames don't tell me anything...neither are there any economic & geopolitical news to move market.... will wait for US PMI & Existing Home Sales to see where market will go from there.
- RahmanSL replied Jun 21, 2019
Just an idea my friend.... we all need our space sometimes to do our own things. For a marriage to work we need to respect each other and to realize that we are individuals who do things differently and think differently. If you are not allowed to ...