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mrlfx commented Jun 30, 2015Let the Chinese market correct. But I strongly think that Shanghai Composite could reach 7000-8000 level in the next 1-2 years before going into a consolidation phase. SC reach its previous high of 6000 in nov 2007 which is yet to be reached at the ...
China's Magic Tricks Can't Save Its Stock Market
- mrlfx commented Jun 30, 2015
I guess PBOC is pretty clear of its policy and that is to support the market. Its policy and overall government policy at present is to support the equity market which shows that stock exchanges are not overheated and in bubble as per the PBOC view ...
Does China's Central Bank Know What It's Doing?
- mrlfx commented Jun 21, 2015
Everyone's is thinking including the chinese themselves that Chinese exchanges are in bubble. But Shanghai Composite reached 6000 in Nov 2007 and the present rally is yet to reach that stage. The talk of bubble may be because the rally has already ...
China's stock market dream could bring about its worst nightmare
- mrlfx commented Apr 20, 2015
shanghai composite should double again from the 4K+ number to be on par internationally of exchange market capitalisation to GDP ratio. Its probably is on that way. zeroes in trillion has to be increased to accomodate more zeroes because of the ...
"Too Many Zeros": China's Stock Bubble Proves Too Much For Computers
- mrlfx commented Apr 19, 2015
I thnk PBOC wants the equity market which is pretty hot at present to discover its right price by allowing the funds to lend its stock for short selling. It does not mean PBOC is trying to cool off the market. Shanghai composite is just about 50% of ...
China cuts bank reserve requirement to counter slowdown
- mrlfx commented Mar 24, 2015
Is it jealousy!
Have some manners! Maybe the mainland definitely will like you though. lolCheck out some of the insanely fancy supercars spotted at Goldman Sachs Asia
- mrlfx commented Mar 9, 2015
there are two likely scenarios that will play out in the future. 1. EUR and USD parity. Some are expecting parity with the FED rate cut likely around june and ECB QE starting today. This scenario looks a bit stretch considering how much EURUSD has ...
EUR/USD: Lower For Longer; We Stay Short - Credit Agricole
- mrlfx commented Feb 24, 2015
Any particular reason apart from the QE, greek crisis and probable FED's rate hike in near future. Anything that Draghi's planning today?
Draghi: Unveiling of the new 20 banknote
- mrlfx commented Dec 15, 2014
Very risky I would say! Maybe you got your reasons. EURUSD is bound to fall longer term with EUR's QE pending and FED's rate hike. So Mine is short and hold it. Just do not leverage too much. my safety limit is 1:10 not more so that your position ...
The Future Of The Euro Could See Trouble This Week
- mrlfx commented Dec 12, 2014
Yellen is again reminding the market of the pending rate hike in bloomberg news. Its getting interesting to see how it plays out between the bulls and bears of USD!
Intraday Outlooks For EUR/USD, USD/JPY, USD/CAD, Oil - SEB
- mrlfx commented Nov 11, 2014
The main reason driving the bearish movement of EURUSD are the fundamental reasons that emanates from FED and ECB like the expected QE from ECB and rate hike from FED. But technically especially Elliot Waves and oscillator are getting over extended ...
EUR/USD Set To Correct, Bears Beware - BofA, Nomura
- mrlfx commented Oct 26, 2014
Would be nice to see what holdings and assets constitute the $3.89 trillions reserve I guess, there definitely is a decline in the $ holdings and increase in EUR, AUD etc and other assets!
What next after Chinas foreign-reserve fall?
- mrlfx commented Oct 22, 2014
Maybe its about Buffet losing something that is 1 to him! But quite hard to think what could be a 1 to him!
Warren Buffett just lost ANOTHER $1bn on this
- mrlfx commented Oct 20, 2014
Oversold pressure can get dissipated with consolidation. Most likely scenario is price to rangebound and consolidate within a range and then continue its downtrend.
EUR/USD Forecast Oct. 20-24
- mrlfx commented Oct 15, 2014
It was in the process of forming a pin bar in 4 h chart. But it didn't. It looks to consolidate even with overbought conditions in both 4 hr and daily chart. Probably the correction will end once the weekly oversold condition eases! If USD is weak, ...
Draghi: Towards the banking union Opportunities and challenges for statistics
- mrlfx commented Oct 15, 2014
Correction from the steep decline. With today's big spike, it looks it form a pin bar in the 4 H chart. It could signal the end of the correction and continuation of the downtrend to 1.22 level.
Draghi: Towards the banking union Opportunities and challenges for statistics
- mrlfx commented Oct 15, 2014
look we are seeing the formation of pin bar in 4 h chart with small body and long leg. It could signal end of the correction and continuation of the downtrend to 1.22 level
Retail Sales in U.S. Decreased More Than Forecast in September