Well, I guess I am the last Euro Bull in the market, as usual. Public available commentaries are talking about Euro weakness.
Well, sometimes, that is how your broker make from you.
I trade with the Bank.
Would post another chart close to ECB rate annoucement.
Watch this space.
If you want to get the charts earlier for postions, email me for feed subscription. dollarproaragon@hotmail.com
The market has shifted focus to the HK property developers this week, as the bonds issued by these developers have yield higher than those US developers, e.g. KB Home. I.e another big bubble is out there in HK, Shanghai, Singapore, etc.
Essentially the entire Asia economies can be summarised in a paragraph:
US and European companies invest in Asia, with technology and capital, to manufacture and produce for the world markets. In the process Asians can afford homes build by the property developers, who leveraged to build more home and derive higher profits. The developers then invest in equities pushing the stock markets higher, to drain the people of their savings. In the process, it draws in the Oil monies, Russian and China monies. It is a bubble inside the bubble inside the bubble. When the innest bubble burst, every other bubbles would burst as well.
Incidentally the HK developers, CK, SHK fell today.
Long Euro 1.4620-50 (now at 1.4668)
Stoploss 1.4600
Target 1.4900
Long GBPUSD 1.9450-60 (now at 1.9621)
Stoploss 1.9430
Target 2.000
No hurry wait for some more USD strength later in the day, and then that is for USD this time.
Euro and GBP is holding, while USD is determined on a aceelerated path of cut.
If you agree with my call, click on any of the links to give me a indication.
If the ECB thinks that Euro should not rise further versus USD, then unfortunately, Oil and Gold would unshackle Euro and USD in its next rise.
Update 10:30 am
------------------
indeed it is a Bull Flag breakout. Euro now at 1.4737 almost 100 pips from the pit.
Gold also recover now till 881.
Wherever Euro is going next, those who followed your broker forecast and shorted Euro, you would have been stopped out by now.
imagine is you are broker, you think you can bring dole back to your family, pay the dozen analyst on your payroll, maintain the software, pay the bank, pay the calls, pay the telemarketeers on just 2 pips spread ?
It is 50% of (broker, banks, true pro) vs the other 50% (they call themselves by different names, like newbies, freshies, rookies, retiree, hardworker)
how can you as an individual possibly get monies from the other sides armed with supercomputers, PhD, lobbyist, insiders ?
After a while, you realise it is a losing game in the short run, if not the long run.
No comments:
Post a Comment