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Greece Saga Final Act

This time around the count down has started for Greece and they are really running out of time. Recent developments in the past 24 hours have been quite substantial and make no mistake about it Greece is going to default as IMF has send quite a strong message that they are not going to move the deadline for the debt repayment which is 30 Jun and the Greek referendum over paying/nopaying the debt is useless.
  • Greece bank Run
Photo Source: TheGuardian

The tell-tale signs of disaster wi…
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Daytrader21 avatar

pipx I just wish I would be that smart to know how things will unfold, unfortunately we'll have to wait and see how the market will open, it will be interesting

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pipx 28 June

Maybe we can try this on a demo, sell EUR/USD +50 pips above Friday close, I will also mess around  with EUR/CHF :-)

Daytrader21 avatar

EUR/USD has just opened at 1.1000....-160 pips gap :)

Daytrader21 avatar

Now on EBS is 1.0965 but semi-official FX open in another hour

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2014 FX Market Outlook - AUD (part 2)

This is my second blog post in an attempt to give you my brief FX Market Outlook for this year. In my first post I've been talking about my YEN outlook, you can check it here For now we're going to stop and talk about Aussie and what is the market expectation for this year.
After RBA cut its benchmark interest rate to a record low in an attempt to stimulating borrowing thus the overall economy, aussie dollar was on pressure and has kept pressing lower for the most part of the last year. A…
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AUD/USD-RBA Interest Rates Decision

The sentiment surrounding Australian dollar has remained very negative after RBA has decided to kept the door open for another round of interest rate cut if the economy is not showing signs of recovery. And although RBA may decide to keep the interest rate at record low level of 2.5% this should also translate in negative reaction. More likely RBA governor Glenn Stevens will use his rhetoric to take down aussie. Last month IMF suggested that the aussie dollar is 10% overvalued and recommended RB…
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Nicco 2 Dec.

Tonight (Europe) there is an important news on retail sales in Australia for the month of October too. The forecast is less than in the previous month. Technically AUS/USD seems to be at support zone both on 1H, 1D and 1Month charts and oversolded on 4H and 1 W charts. Slow %K indicates oposite signals on these two timelines! I think the signals for long timelines must be stronger. These are the reasons to consider AUD/USD bullish.

northernwave avatar

Thanks for the good perspective.

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Nicco 2 Dec.

Thanks, but I consider to be bullish now and...who can forecast the price? None...

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Nicco 2 Dec.

%K on 1H and 1D charts, sorry

Daytrader21 avatar

@Nicco looking now at aussie, after the facts, we can see that a market is never to low to short it(or never to high to buy it, look at xxxjpy pairs) a market can stay in oversold/overbought conditions longer than we can stay solvent, that's why trading with the trend can be the best trades out there

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