Long term Setup on E/U-19th Feb ‘09
One of the biggest shortcomings we have as day traders or swing traders even is that we often fail to keep track of the outlook or the longer term picture of where the pairs might be heading. I make it a habit to check some of the majors every once a week or at times [...]
FOMC update and trade results-19th Feb ‘09
FOMC news trade last night was such a bore. I was expecting a stalemate as i didn’t expect much of a surprise news to be heading out of this, but i did expect some strong USD rallying if we had the risk aversion mindset being cemented further with the USD hoarding. This will also cause [...]
Pre-FOMC Trade thoughts-18th Feb ‘09
We are just about an hour plus away from FOMC release and here are my pre-trade sentiments.
I don’t see a very clear consensus on US based sentiments as i see a mixed pattern of movements across all currencies. Therefore, i won’t be taking a pre-news sentiment trade as the picture is very murky.
Gbp/Usd – After [...]
Daily Market Outlook-Feb 18th ‘09
We have seen ranging markets for the last few days and it hasn’t presented much of a clear cut opportunities. It is best you stay out of these markets rather than trying to catch the price as it could be like a dog chasing its own tail. Every time you try you will only get [...]
Daily Outlook-17th Feb ‘09
We are seeing general risk aversion with the USD gaining strength against the EUR and GBP respectively over the Asian session. Gbp/Usd has lost about 100 pips and Eur/Usd has lost about 200 pips since the asian session start. Now, i am cautious about a continued approach with the downtrend as i don’t see clear [...]
Seeni J G
