mr rizvi i appreciate all ur post though i am new here but ur trade forecast has helped me believe in my own trading system.i took time today to study all ur post and i understood them better.thumb up for u.good job.ur post is a good guide to anyone who cares to learn.
Reizan, I was out for dinner. just saw your message. Well GBP likey to remain in same range unless there is news about Greece debt swap which is te next biggest event. Likey to hold above 1.5650 and tomorow if Greece deal is done GBP can gain 150-200 pip.....
If Long Euro suggests taking profit around 1.3190’s before ECB decision, because I am not ruling out 10 pct chances of rate cut that may provide opportunity to buy Euro. I have already pointed out in my morning note thatrecent softer economic numbers coming from Europe has provided small space to the ECB decision makers that can combine LTRO Euro 1 Trillion with a cut to give boost to the market for stimulation of European economy.
I discovered this blog by mistake and your analysis is spot on. I agree with all your posts , i trade solely Gold Silver and Crude Oil futures. However, the Euro/USD directly influences metals, if you think Gold has bottomed out when is a good entry point in your opinion ?
Do you mind letting us know what time (GMT) you usually post so I can read before entering trades. Moreover, does your company offer any consultancy services in the forex and futures markets?
Do you realy on technicals or you use it hybridly with fundamentals as I noticed major economic events like Greence tonight at 10 pm Athens time will set the direction of the market. Technicals are saying sell Gold if it consolidates below 1703, Can you please let us know what do you use in your analysis. Much appreciated.
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