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Thread: FX Thoughts

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    Default FX Thoughts

    Next week we will see NFP data will be released. This Is very strong indicator for USD as it shows:

    - general government employees
    - private household employees
    - employees of nonprofit organizations that provide assistance to individuals
    - farm employees
    (www.investopedia.com)

    This week we saw data for Unemployment Claims for US is droping. We might see a strong NFP on Friday next week.

    Technically USD is appreciating against yen. For Cable, it just make a new resistance at 2.0069 as we saw yesterday movement that it goes down to 1.988 and close at 1.999. With Dow Jones is rising, I don't think that EU will reach 1.4 at any moment
    Last edited by dude_89; 04-28-2007 at 01:29 PM.

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    Default

    This is a simple snapshot from the GU daily
    Attached Thumbnails Attached Thumbnails gu1.jpg  

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    Default

    This is a simple snapshot from the GU weekly
    Attached Thumbnails Attached Thumbnails gu.jpg  

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    Default

    Please also give some idea anything related to the news event. I like Fx because of this event. It makes me thinks widely

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    it is said that gbp is going to raise it's interest rate... so it will push gu up, but not for a long time, and gu will go back down, cause it's too strong... and it's not good for the trades...

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    This is reversal. We might see gbp goes skyrocket before NFP data been released.

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    Default

    NFP date is weak but no significant changes in major pair. Commodity dollar still want to find new support. We also see that NFP only bring us 20-30 pips in cable. EU is not closing at it's highest

    Next week interest rate statement is the main indicator

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    For yen, after ranging this week, we might see a volatility in yen next week, as all economy activity back into work after golden week.

    UJ reach 120 after ranging at 117-119. This maybe a signal that carry trade is going to continue

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    With recent GBP interest rate statement, many may wonder why it's not jump 100 pip like that. Well in fact I lose before that as the trade balance is worse than expected. This might be the reason why interest rate don't move the currency very much.

    As my TA, USD start to so some growth here. GBP is already in bearish sentiment if we see MACD RSI 14. But Today I stick with FA result
    Last edited by dude_89; 05-10-2007 at 11:27 AM.

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    Default

    And Of course why Cable NO going up at 7 because the market already know about it

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    Default

    Next Monday We we will see CPI and Core CPI as main indicator. This will provide us some information of EU strength.

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    For Sterling, other than CPI and PPI data, BOE will release their inflation data which will make this a great indicator for next week.

    Technically, the daily chart already show the upcoming bearish sentiment. IF cable broke the .618 retracement will confirm the upcoming bearish.
    Last edited by dude_89; 05-12-2007 at 08:09 AM.

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    2.03 or 0.618 retracement ?
    Attached Thumbnails Attached Thumbnails waka.jpg  

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    For people that wonder what analysis i'm using, i use MACD RSI 13 and William R/Rvi 100 for daily chart.

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    I also will provide some extra news from premium sources

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