Valuable reading:
http://worldmarket.blogspot.com/
http://worldmarket.blogspot.com/
Great another fresh face to forex. Should be good to her from you mate. Enter the july forex thread aswell. I mainly focus on indicies but keep an eye on forex most of the time.
I feel the same for gbp think its on its way down but it keeps pushing the upper boundary as it has on the close today! Interesting times will just stay out and see what happens.
hammer :cheesy:
I feel the same for gbp think its on its way down but it keeps pushing the upper boundary as it has on the close today! Interesting times will just stay out and see what happens.
hammer :cheesy:
Final thoughts:
The USD has been taking a beating. I am very bearish on the USD right now which makes me leary of staying short. It is very oversold and may get a rally next week.
From Reuters:
The dollar has been pressured by diminishing expectations on U.S. interest rate hikes and by security concerns. But investors were buying back what they saw as the over-sold dollar ahead of the weekend to square their books before next week's flood of data.
"Today the risk would be that after the dollar decline, there could be some potential retracement ahead of the weekend; not necessarily that significant unless key levels on the downside are broken," said Robert Lynch, currency strategist at BNP Paribas in New York.
Kyle Peterson
I will be eyeing a possible ST long on the USD against the EUR and GBP.
The USD has been taking a beating. I am very bearish on the USD right now which makes me leary of staying short. It is very oversold and may get a rally next week.
From Reuters:
The dollar has been pressured by diminishing expectations on U.S. interest rate hikes and by security concerns. But investors were buying back what they saw as the over-sold dollar ahead of the weekend to square their books before next week's flood of data.
"Today the risk would be that after the dollar decline, there could be some potential retracement ahead of the weekend; not necessarily that significant unless key levels on the downside are broken," said Robert Lynch, currency strategist at BNP Paribas in New York.
Kyle Peterson
I will be eyeing a possible ST long on the USD against the EUR and GBP.
you could well be right, regards a dollar rally. 8450/500 was certainly repelled late May/early June, which focuses the 8300-8500 channel as an area of important support if the cable bulls are to mount a further attack on the Feb high.....they certainly drove price thru the daily Fib (8505) late Fri, be interesting to see how that reacts Monday!....wouldn't be surprised to see more 'chop' around these levels for a while yet tho........
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Newtron Bomb
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Hi GrandK
Just spotted this thread. Welcome to the BB good to have another FX trader posting.
Regards
NB
Just spotted this thread. Welcome to the BB good to have another FX trader posting.
Regards
NB
