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- scyang replied May 5, 2008
It's looking like it's moving dangerously close to resistence line, but then I don't really know for sure. I hope you are right. Are you basing your prediction based on charts or fundamentals? Looks like there may not be much that can move euro ...
EURUSD
- scyang replied May 5, 2008
But then again, it hasn't really broken any resistence line, so it might be setting up for a fall, which means it's a good time to jump in for short. Anybody has any opinion on this?
Malaysia
- scyang replied May 5, 2008
I have noticed that too, particular today gold and silver prices have gone up. Does that give a clue that the USD bull run has come to an end?
Malaysia
- scyang replied May 5, 2008
Thank you for your explanation. I have been watching the price movements all morning until now. Everyone has been speculating on this pair because of the significant drop it has had in the last week or so. What price level does it break on the 1hr ...
Scalping the pip out of it
- scyang replied May 5, 2008
Sorry which pair are you trading? Are you going long or short?
Scalping the pip out of it
- scyang replied May 5, 2008
It looks like euro is gradually edging up. Could it be an indication that the USD bull run has come to an end or is it too early to tell?
Malaysia
- scyang replied May 5, 2008
There is some news scheduled to come out today from the US. image ISM Non-Manufacturing Composite image Fed Holds TAF Auction Just not sure how they will move the pair. Of course, the true chartists will say that there is no effect news should ...
EURUSD
- scyang replied May 5, 2008
Have you had any experience in the past when London market is closed but the rest of Europe is open? Is London the largest forex market in Europe?
Cable Update (GBPUSD)
- scyang replied May 5, 2008
Already? I thought it would climb back up a bit for a correction before it start falling again. Do you think the fall is going to happen imminently? What do you see on the chart to make you think that?
EURUSD
- scyang replied May 4, 2008
Cable is completely not moving, probably due to the fact that Japan is closed and London won't be open either. Wonder if we will see any movements until US session.
Cable Update (GBPUSD)
- scyang replied May 4, 2008
I think it's very good suggestion, if you haven't already gotten into a position. When the market volume is thin, a few big players can artificially alter the direction of the prices. Staying out until at least the US session opens would be the wise ...
Malaysia
- scyang replied May 4, 2008
Australia and New Zealand are probably two key producers, but I thought South Afraica and a few other countries are major producers as well. Any way, I am not sure if who the producers are could influence the prices as much as the market's movements. ...
Cesarnc's market talk, gossips, rumours & fun
- scyang replied May 4, 2008
You are so right. A few big boys can really play some nasty tricks during these day or two.
Malaysia
- scyang replied May 4, 2008
Japan is off tomorrow as well. So things might pick up a bit during the US session, and then it will be pretty much dead again till tomorrow afternoon's London session.
Malaysia
- scyang replied May 4, 2008
Bit late to jump in for a quick long, isn't it. If euro falls again today, it will take gold with it.
Cesarnc's market talk, gossips, rumours & fun
- scyang replied May 4, 2008
Do gold and silver move in tandem or are they influenced by different fundamentals?
Cesarnc's market talk, gossips, rumours & fun
- scyang replied May 4, 2008
If gold is going up, does it mean euro will go up with it too? That has been typically the case in the past.
Cesarnc's market talk, gossips, rumours & fun