Skip to main content

Posts

Showing posts with the label usd

USD Outlook

Hi all, Today's event would be focused on ECB (1345 GMT) and BOE (1300 GMT) respectively, where expectations are talking about a cut of 50 bps for ECB and a possible 100bps cut on BOE. I personally have a view that BOE may not go for this full point cut, probably 75bps may be more realistic.  Look at the economic calendar above for further announcements today. My opinion on the market in the next few weeks, would be greatly influenced by the payroll figures in tomorrow's NFP.  The photo above is another teaser on the new US President.  You think the USD will really be printed in this manner in the future?  Enjoy.

Review:Challenges To Maintain Free Market Policy

Hi guys, It has been awhile since I last wrote a review on the markets. As I am writing this now, here is a summary of the asia stock markets: Shanghai Composite 35.94 (1.92%) 1,839.621 Hang Seng 1,142.11 (8.30%) 12,618.38 Nikkei 225 811.90 (9.60%) 7,649.08 Straits Time 145.39 (8.33%) 1,600.28 Kospi 110.96 (10.57%) 938.75 Taiwan Weighted 150.89 (3.19%) 4,579.62 FTSE 100 290.02 (7.09%) 3,797.81 DAX 367.65 (8.13%) 4,152.05 SMI 347.22 (5.89%) 5,546.51 Currently, DJIA, S&P 500 and Nasdaq futures are traded at limit down. There are also talks in the market of possible intervention from major central banks tonight, IMF seeking funding from China and Japan to aid emerging market economies, where they take into consideration of high default risk from these countries. What speaks for the strength of the USD despite liquidation from companies, hedge funds and the CDS, and for the weakness of other currencies over th...

Long 50,000 Eur/Usd @ 1.3640

Hi all, I am long 50,000 Eur/Usd at 1.3640. Stops are placed @ 1.3610. Target for first 30,000 to exit at 1.3670. Good trades!