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  #1  
Old 21-09-2009, 06:20
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Default usd

USD started going up finally...
eur/usd: key levels; SL:1.4700 and TP:1.4630
gbp/usd: SL:1.63 TP:1.6150
enjoy…
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  #2  
Old 06-10-2009, 14:07
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Default Commodity currencies still profitable vs USD

The Dollar fell across the board, slightly against the majors but plummeted against currencies tied to commodities. Equities rose sharply in Europe and in the US - adding weakness to the USD. A better than expected ISM Non-Manufacturing Index, showing the first expansion in more than a year boosted stocks. Wall Street rose after four days, with the Dow Jones gaining 1.18% closing at 9600 points. The NASDAQ rose 0.98% and The S&P 500 soared by 1.5%. Crude oil ended above $70 a barrel. Gold (XAU) rose and finished at the highest level in a week at 1016$ an ounce. Though I've traded XAU pretty successfully in the past, these levels are starting to make me a bit nervous. Oh, and Obama makes me equally nervous. Did the USD drop after Rio won the Olympic bid? ;-) Way to go "O"!
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  #3  
Old 08-10-2009, 17:57
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USD still weak!!
eur/usd; crossing the 1st resistance look for the next level at 1.4845
protect yourself around 1.4685
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  #4  
Old 09-10-2009, 13:42
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Default USD Gold Trichet!

Scared to death of these levels - maybe its time to sit out and wait for a downside break. And a big thank you to Trichet for helping to pummel my beloved dollar even more!



The Dollar reached a 14 month low against all majors after continuous signs of global recovery increase investors\' appetite for risk. Adding to that was the U.S. Initial Jobless Claims that decreased to 10-Month Low of 521,000 and pushed the investors to higher yielding assets. NASDAQ and Dow Jones rose by 0.64% and 0.63% respectively. Crude oil jumped by 3%, closing at 71.69$ a barrel on the back of the Dollar\'s weakness and despite an increase in oil and gas inventories. Gold (XAU) reached to a new record high of 1060$ but closed lower at 1055$ an ounce. Today, Trade Balance is expected to slightly decrease from -32.0B to -32.8B.
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  #5  
Old 14-10-2009, 09:42
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Default USD overview

Maybe the FOMC minutes will breathe some life into the dollar. The NY session should be an interesting one. What are your thoughts? And I thought Obama winning the Nobel would solve the USD's woes. Ok, that was a joke, for those of you wondering. :)

The Dollar was down versus most majors as global reserves shifting away from the Dollar and demand for higher yielding assets kept dragging it lower. NASDAQ closed almost flat with 0.04% and Dow Jones declined by 0.15% , Crude rose by 1.2% to a 7 week high closing at 74.89$ a barrel as global demand is expected to rise. Gold (XAU) gained by 0.71% closing at $1063.9 an ounce on the weaker Dollar. Today, Retail Sales are expected weaker with -2% versus 2.7% prior. FOMC's Meeting Minutes will be released, providing insights into the economic conditions. Federal Budget Balance will be released and is expected better with -77.3B versus -111.4B prior.

EUR/USD

Resistance
1.49
1.4955


Support
1.479
1.476
1.4735
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  #6  
Old 19-10-2009, 13:44
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Default USD Bernanke and XAU - tigers and lions and bears, oh my!

We experienced a little bounce in the USD and if Bernanke doesn't shock us, we may be pippin' later on today when the NY session is is full gear. As much as I like charting/technical analysis - I'm never opposed to making a buck, jappy, cable, etc. off of these policy wonks and their diatribes. Which way do you think the dollar will go after Bernanke takes the microphone? Your thoughts are much appreciated. Still thinking about shorting XAU too. Made some quick bucks last week doin' it. Anyone else sell for the trade?

The Dollar ended Friday's session mixed, rising versus Euro and the Yen and declining versus the Pound as Industrial Production was higher but Consumer Sentiment was lower. Industrial Production rose by 0.7% better than 0.1% expected, but University of Michigan's Consumer Sentiment was surprisingly lower with 69.4 versus 73.6 forecast and 73.5 prior. NASDAQ and Dow Jones declined by -0.76% and -0.67% respectively, as bank stocks declined sharply. Crude advanced by 1.2% closing at 78.65$ a barrel. Gold (XAU) finished almost flat with 0.12% change, closing at 1052.25$ an ounce.
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  #7  
Old 21-10-2009, 12:47
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very interesting alex! if I may call u this way!
let me add some technical levels:
EurUsd Consolidation between 1.4840 and 1.4967 continues
GbpUsd 1.6320 support level - test 1.6468 resistance
UsdJpy short at 90.60 - long at 89.70
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  #8  
Old 22-10-2009, 11:15
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eur/usd over 1.50 it s high level in 14 month!! nice position
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  #9  
Old 25-10-2009, 14:58
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Summary of this week:
USD: Bearish, expectations: continues bearish
EUR: Bullish a year + high against the USD
Bullish one month high against the JPY
It appears that the European economy is recovering faster than the others.
JPY: trading in between 91.75 and 92.35, it is on a 0,3% decrease
Expectation continue to underperform other currencies
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  #10  
Old 26-10-2009, 13:51
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is the euro/usd going to cross the 1.6000?
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  #11  
Old 28-10-2009, 07:52
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alex the great, I miss ur comments! your my post partner in this
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  #12  
Old 13-11-2009, 12:56
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Default Dollar down gold up NOW

And at 7.44 am EST, it looks like gold is rallying versus the dollar. Interesting, and expected based on the economic news that's been filtering through from the USA. I'm in - anyone else? Still bullish on the dollar long term - in spite of this ongoing rally with gold.
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