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- scyang replied Jul 31, 2008
I am not too sure that AUDUSD drop is triggered by euro drop. Australia just had some dismal news out themselves. Yesterday euro barely dropped, when AUD dropped 1%.
AUD/USD
- scyang replied Jul 31, 2008
Whether euro will recover or not today will be decided by the US GDP data later today.
EURUSD
- scyang replied Jul 30, 2008
A true shrewd forex trader would recognize when is the bull run and when the bear is in control. When eurusd has dropped 200 pips in the last 2 days, almost 500 from the high 2 weeks ago, and you still say you are a euro bull, that makes you miss a ...
EURUSD
- scyang replied Jul 30, 2008
US market opens at 14:30 P.M. GMT., 9:30 A.M. Eastern Standard Time (GMT-5).
EURUSD
- scyang replied Jul 30, 2008
You notice that media always follow the actual price action and drives things to the ground. When euro is shooting up, they say it will break the ceiling. When euro is going down, they say it will crack the floor. They are never able to predict ...
Cable Update (GBPUSD)
- scyang replied Jul 30, 2008
I am not trying to discredit bloomberg. But check their past record. They have posted reports that said euro was going down for 1.43 several months ago. Instead euro made new highs. Take it with a grain of salt, not that I don't agree that euro will ...
Cable Update (GBPUSD)
- scyang replied Jul 29, 2008
If the pair can get to and break 1.5610 level and stay there, then it might try 1.5635. I expect that to be the highest it will go before crashing downward again. Please note that is for the immediate future, i.e. the next couple of days.
EURUSD
- scyang replied Jul 29, 2008
I seriously doubt the pair will go up that far. A bit of retracement from yesterday's fall, yes. But it will be limited. The fall will resume.
EURUSD
- scyang replied Jul 29, 2008
I assume you raked in some big fat profit yesterday from the fall? Time to long for retracement?
Malaysia
- scyang replied Jul 29, 2008
Did anybody catch the fiber and cable crash yesterday? Anyway I think it's due a retracement today, at least for a bit.
Malaysia
- scyang replied Jul 29, 2008
Why do you say so? It's been since London open, and is almost at day high. Wouid be interested in seeing your analysis.
EURUSD
- scyang replied Jul 28, 2008
Don't forget your poor buddies here when you are a billionnaire.
Cable Update (GBPUSD)
- scyang replied Jul 28, 2008
I have been there many a time myself. At one point, I lost 2/3 of my account, and was at the brink of margin call to wipe out the whole thing. And I am not one of those who have a small account with a couple of thousand of dollars. The loss was ...
Cable Update (GBPUSD)
- scyang replied Jul 28, 2008
It is possible that the pair will range all day because there won't be any more economic news on europe side or US side for the rest of the day.
EURUSD
- scyang replied Jul 28, 2008
If it were that simple, bad numbers down, good numbers up, then there wouldn't be money in this forex market. Forex is a very stranage beast, and it doesn't follow particular patterns. It's a combination of social, political, psychological, ...
EURUSD
- scyang replied Jul 28, 2008
Are you going to qualify your statement? You don't mean that eur will go up and up forever so you must be referring to a timeframe and/or to a certain price. I believe euro will go up to 1.5750-80 level, and turn down again.
EURUSD
- scyang replied Jul 28, 2008
Sorry missed some postings here. For the rest of the day, technicals should be in play, so I would think long is fine.
Malaysia