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- scyang replied Apr 25, 2008
You don't think the pair will pop back up, at least a bit? It just tried to run up to 1.56.
EURUSD
- scyang replied Apr 25, 2008
What number did you get in the short position? Anyway, good luck on the way down. Buckle your seat belt as it might be a fast one.
EURUSD
- scyang replied Apr 25, 2008
Those numbers are considered good? Why is the cable going up instead of down when everybody knows UK economy has been bad?
Cable Update (GBPUSD)
- scyang replied Apr 25, 2008
There is another way to look at it. The broader market expect the Fed to cut 25 bp next week. It might have already been factored in. If they don't cut, USD will fly. Possible?
EURUSD
- scyang replied Apr 25, 2008
What is the time frame of your expectation for usdchf pair to go to 1.0550-1.0600? It hasn't seen that level for a long time. Just a couple of days ago, it was hanging around parity.
EURUSD
- scyang replied Apr 25, 2008
It looks pretty hopeless right now. I hope nobody is holding a long position with eurusd now.
EURUSD
- scyang replied Apr 25, 2008
How can this be? It just went to up 2% on Thursday. Going up again? This is crazy. I bet somebody can produce a chart that says this is impossible.
EURUSD
- scyang replied Apr 25, 2008
euro is getting killed. What's going on? Who pulled the plug? What happened to following the chart?
EURUSD
- scyang replied Apr 25, 2008
eurusd — Well doesn't look like we can be bullish with this pair. It just can't be propped up. After Thursday's 250-pip drop, how many more does it want to drop Friday??
EURUSD
- scyang replied Apr 25, 2008
I mean eurusd is turning down again. Is it the start of another downward trend, although may not be as big as it was Thursday? Or just a correction before it rallies?
EURUSD
- scyang replied Apr 25, 2008
Now it's doing something or is it a false? I am too confused now.
EURUSD
- scyang replied Apr 25, 2008
Is this a positive report for euro? I thought the number shows inflation is below expectation so ECB shouldn't worry too much about inflation and should instead focus on the economy, given that ifo report was not good yesterday. Might encourage them ...
EURUSD
- scyang replied Apr 25, 2008
Are you saying that the auction of USD by switzherland caused USD to rally against chf yesterday? It doesn't make sense to me. Can you please explain to a newbie? where do you think the usdchf pair will go in the short term, i.e. on Friday?
EURUSD
- scyang replied Apr 24, 2008
What I hear is that there is still only 18% chance that the Fed will not cut rates again. 82% chance they will still cut by 25 bp. So it's still be a big unknown as to the direction of all currency pairs relating to the USD.
Malaysia
- scyang replied Apr 24, 2008
I like usdchf because of several reasons: 1) low interest rate 2) usdchf crosses with eurusd so there is a lot of movements to get large number of pips 3) usd is my base currency 4) it responds well to the US stock market as risk appetite increases ...
What pairs do YOU trade?
- scyang replied Apr 24, 2008
Well it's just really hard to tell with all the news coming into the picture. I would like to know if euro is retracing back a bit today. It got so beaten down yesterday - 250 pips. It's only reasonable that it will rebound a bit even if in the ...
EURUSD
- scyang replied Apr 24, 2008
So what does that mean? Is it time for eurusd to turn around? It dropped 250 pips today already.
EURUSD