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- scyang replied Apr 30, 2008
Malaysia, Did you sell at bounce? You foresee cable descending with a loud thump?
Malaysia
- scyang replied Apr 30, 2008
You are right. I am not holding any positions. Just a spectator. Agreed. Some correction is due because it makes another downward run.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
What's going on? Cable heading higher and higher. This is not part of the plan.

Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Do you think that USD is done with strengthening against euro? It looks like there is an upward trend. Not sure it is the beginning of a great (or maybe not so great) an ascend?
USDCHF moving up for 2.5 weeks?
- scyang replied Apr 30, 2008
You are both right. I just would like to make some sense out of the movements of the prices. Something must be driving it and it's just that most of us don't know what it is. The market may appear to be irrational, but it is not - at least I don't ...
USDCHF moving up for 2.5 weeks?
- scyang replied Apr 30, 2008
Without knowing the background of this method, I can't be for or against it. But I am just very doubtful how one can predict the movement of the market to have any accuracy. There are so many variables coming into play. I never thought one can rely ...
GBP/USD Updated with I-CHING Methode
- scyang replied Apr 30, 2008
Did the same thing yesterday then came back. Just don't know enough about forex to know what's driving the movements. Eurusd fly upward too when you think it should go down because UK housing data came out so bad and it should at least weigh down ...
USDCHF moving up for 2.5 weeks?
- scyang replied Apr 30, 2008
It's trending up. Has it breeched any significant support line to indicate a bullish trend?
EURUSD
- scyang replied Apr 30, 2008
Well from the looks of it, it may not get to 1.9590.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Really? You might very well be right. It's not moving down any more. I guess that news was already factored in.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Cable is not falling as fast as I thought it would. As a matter of fact, it's turned up a bit now, into 40s.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
Won't go down without a fight. Remember the UK still has one of the highest interest rates.
Cable Update (GBPUSD)
- scyang replied Apr 30, 2008
I don't think usdchf is a complete cross from eurusd, is it? USDCHF is also very much influenced by the stock market, just like usdjpy. When the stock market improves, people's risk appetite improves and would borrow jpy or chf, since these two ...
EURUSD
- scyang replied Apr 30, 2008
Any reason why jpy should strengthen? Their economy is very bad and interest rate is so low already that they can't cut any more even though they want to. Can't find any fundamental reason why usdjpy should go low, especially when usd is ...
USD/JPY Discussion
- scyang replied Apr 29, 2008
There is a possibility that the FED might say, after a 25bp cut, that they can't rule out further cuts in the near future. That would make their stance very dovish, the complete opposite from the ECB's. Does your analysis take that factor into ...
EURUSD
- scyang replied Apr 29, 2008
Don't understand the half Chinese half English analysis. Can somebody explain to me what they are saying? What are they expecting eurusd to do for the remainder of the day until before the FED rate decision and maybe shortly after?
Malaysia
- scyang replied Apr 29, 2008
Yeah I was wondering about the same - will the Swiss data today influence this pair? In the past, news out of Switzerland itself hasn't seemed to do much to the currency in either way. Makes me think the the franc is only a vehicle that other ...
USDCHF moving up for 2.5 weeks?