Interesting perspective. I look forward to seeing it all play out and how the underlying macro conditions relate to the price moves. If it happens like you say, then this will be a good education for me in how the world can so easily go to hell in a ...

EurAnalysis

HaHa. Maybe they can keep some of the chemical weapons they take from Syria and also maybe Iran will sell them nuclear missiles at a discount.

EurAnalysis

I am not going to try and make sense of what is happening until after NFP Friday. Too much volatility lately. Lower liquidity is not helping either.

Cable Update (GBPUSD)

That tells me that no matter what Draghi says tomorrow, the market will move... or maybe the move is reserved for NFP. Tomorrow we find out. Remember that we also get a rate statement from Carney.

EurAnalysis

God bless you and yours also.

EurAnalysis

Well I am pretty sure that Saudi Arabia and Israel will NOT be investing in Iran.

EurAnalysis

Thank you I always do, even if I have no profit.

EurAnalysis

I'm still holding whats left of my long at 1.6242, but I have my doubts about making new highs. Until I see a break and close below 1.6240 or above 1.6437, I'm quite happy sitting back with some popcorn. I may trade the range intraday, but not until ...

Cable Update (GBPUSD)

No. Bias problem has been gone for a while. I do have a mid to long term bias which is USD positive, but it will not affect my trading. I will just follow price like I always did before I developed that Euro bearish bias and allowed it to cloud ...

EurAnalysis

Copy of Beige Book url

EurAnalysis

US Beige book was neutral, so obviously it's Euro bullish

EurAnalysis

Well if you are right about 1500, then the USD must be in for one hell of a beating, driving Euro and Cable to new dizzy heights (before the crash to 1.10/15). Whilst I do have 1.42 to 1.44 in mind as a possibility for the Euro, I do know that it is ...

EurAnalysis

You and I both know that the only reason U/CAD is rallying is because I am flat that pair... as usual

EurAnalysis

Thanks for that. Definitely compels me to do a study on it. Cheers

Cable Update (GBPUSD)

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EurAnalysis

Welcome aboard. Look forward to your continued posts. :nerd: Cheers PT

EurAnalysis

Excellent analysis Mario

EurAnalysis

Thanks Godim. I had 6160 in mind, but 6107 sounds better.

The Club!

Well 6345 support certainly held up well and offered a good bounce. Let's see if the falling trend line holds. I am looking for a daily close below 6345 before engaging any short bias. image

Cable Update (GBPUSD)

Yeah BitCoin.. Haha. Perfect example of greed. When fear strikes I won't want to be holding any of that. Certainly not a safe haven in my view.

EurAnalysis