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Micardo replied Feb 4, 2010Hey i completely agree with what you've written, today's big move was a result of risk avesrion in the markets on the back worse than expected gloabal data which had trader running for the safety of the USD and JPY! Thought i might add a bit to ...
USD/JPY Discussion
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Micardo replied Feb 4, 2010I agree that sentiment is very much to the downside at the moment grounded in the risk element surrounding Greece, Portugal etc. I just think that as comminssioner Joaquin mentioned that Default within the eurozone does not exist, coupled with the ...
EURUSD
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Micardo replied Feb 4, 2010Hey everyone! I take a longer term view based on fundamentals. Surely USD/JPY is a one play that can be very profitable is cost averaged in effectively? Downside risk is minimal in comparison to the upside potential right?
USD/JPY Discussion
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Micardo replied Feb 4, 2010Any longer term traders in here? If so, are you in agreement that the it is only a matter of time before the negative U.S fundamentals really take its toll in the greenback?
EURUSD
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Micardo replied Feb 13, 2009The dollar rallied against the single currency as the markets received more negative data and triggered further buying of the Usd due to its safe haven status. As we’ve mentioned before, the current trading theme sees the greenback strengthen when ...
How to use Fundamentals to make Money
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Micardo replied Feb 13, 2009Hey Guys, Sorry I have been on holiday for the last 2 weeks hence no updates but I will continue today :-)
How to use Fundamentals to make Money
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Micardo replied Jan 30, 2009Lamdun thanks for your input it is very insightful and we seem to be on the same page with regards to our outlooks... nice to know theres at least one more out that shares some of the same views :-)
How to use Fundamentals to make Money
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Micardo replied Jan 30, 2009Hi Andrie, Yes this is definitely a factor for me... but in the long term someof what I have stated in this thread are my long term reasons for dollar weakness but may not play out in the markets in the next few weeks for those specific reasons. ...
How to use Fundamentals to make Money
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Micardo replied Jan 30, 2009Stock markets down. (DOW –2.70%, S&P -3.31%, NASDAQ -3.24%) Yesterday we saw the USD rally from 1.3180 down to 1.2880, over 300 pips against the Euro on the back of negative economic data. In the Eurozone, German unemployment change released a ...
How to use Fundamentals to make Money
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Micardo replied Jan 29, 2009Hi GAME, You sound like you already have a little bit of an understanding from the take you already have on fundamentals. I believe there are two types of fundamentals... economists fundamentals and traders fundamentals... what I mean from this is ...
How to use Fundamentals to make Money
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Micardo replied Jan 29, 2009A pattern seems to be emerging in the movement of the Eur/Usd. Over the past week we have seen the Euro rally during Asian and European markets, but sell off as the U.S takes over. Yesterday was no different as we saw the Euro make it up to 1.3330 ...
How to use Fundamentals to make Money
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Micardo replied Jan 28, 2009DOW - +0.72, S&P - +1.09, NASDAQ - +1.04, FTSE 100 - -0.10. The German IFO Business Climate released a better than expected figure of 83.0 instead of the forecast 81.0. This was probably a result of the interest rate cuts by the ECB at their ...
How to use Fundamentals to make Money
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Micardo replied Jan 27, 2009Hey thanks for your opinion... You know what I can't seem to get my head around... how people can sit there and completely disregard something just because it is not what they do... I don't trade technicals but I can appreciate that they have their ...
How to use Fundamentals to make Money
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Micardo replied Jan 27, 2009Yesterday the Euro rallied from 1.2850 to 1.3200 – A result of rallying bank shares bolstering European Equities. Barclays Plc announced they won’t need further capital increases, diminishing the safe haven demand of the Usd and Jpy. Barclays have ...
How to use Fundamentals to make Money
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Micardo replied Jan 24, 2009Hey, I'm sorry but unfortunately I only follow and trade the EUR/USD so hence I do not have an opionion on the USD/CAD for next week. I find that by concentrating on one pair and knowing that pair intimately I am better able to trade... looking at ...
How to use Fundamentals to make Money
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Micardo replied Jan 22, 2009Thank you very much for that... However I would just like to make it clear that I do not trade the news... I use the figures to help paint a picture of the market :-)
How to use Fundamentals to make Money
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Micardo replied Jan 22, 2009Yesterday we saw the EUR/USD mostly fluctuate in a range between the 1.3000 and 1.2800. The Euro rallied during yesterday’s Asian session only to give it all back as the USD stamped its authority amidst the negative Eurozone news. Fortunately the ...
How to use Fundamentals to make Money
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Micardo replied Jan 21, 2009wow some people can be so narrow minded... I understand that you have your own approach but to say someone elses is 50/50 at best is just plain disrespectful... I don't think my account would agree with you there... I have managed to grow my account ...
How to use Fundamentals to make Money
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Micardo replied Jan 21, 2009Hi, I believe there is definitely some room for a little bit more easing but not to far. Remember Trichet has mentioned about a pain threshold with regards to rates which lies at 1.5%... i think... So in short yes there is more to come I would think ...
How to use Fundamentals to make Money