Блог Daytrader21

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Gold - Long Term Trendline


Gold was trading to the downside quite nicely over the last few weeks, after we managed to put in place a top around $1300 level, this level was suggested as a possible top on my last update about Gold which you can find it here: Gold Down- Channel
Despite all the geopolitical tension, the Greece debt crisis, ECB QE programme and many other factors, Gold couldn't find a bid in the market and that's reason enough to conclude that the current bearish trend is still reinforcing itself and Gold is …
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Emerging Markets, Follow the Hot Money

Why I was short USDTRY?
Explaining my trade.

Since beginning of the week I'm running a short position in USD/TRY and I'm well over 600 pips in profits. The main reason why I got short is mainly because Turkey's Central bank raised the interest rates and secondly because of the high volatility in emerging market currency. Actually this is the first time I'm trading emerging market currencies. I always try to trade where the hot money are.
Last weeks the main market driven theme and ri
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jezz avatar
jezz 7 Февр.

Emerging markets deserve some discussion... in my opinion, they are left now to grow up, while bigger players are dealing with their own problems... well, this is kind of a translation of my metaphoric blogs :D

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Daytrader21 7 Февр.

I also think this time is different than for eg the 1997 Asian crisis when back there they emerging markets had lot of dept. this time around only Turkey has some kind of domestic credit bubble and that's the reason why they had to intervene and stop the fall in turkish lira as they have borrowed against the US dollar so if US dollar is more expensive this hurts them.

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Clash of the Titans - BOE vs ECB

Today we have both BOE and ECB rate decision which should bring a lot of volatility to the market. When it comes to raise in interest rates BOE appears to be more hawkish than any other Central Bank as the forward guidance target for the unemployment figures are forecast to be reached in early 2015.
It's all about CB's forward guidance here and what message will be sent to the market.
Fundamentally speaking, UK is set to grow faster than any other Western economy. This year the economic data wh…
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