EUR/USD long positions above 1.0950. Global support remains at 1.0450 level
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The British Pound has been sold heavily in this Monday (September 8), market opening price 1.6198. GBP/USD closed in NY Friday at 1.6327 (GAP 129 pips).
Short positions below 107.20 with targets 100.00, 98.60, 94.30
Almost a month has passed since the last meeting of the ECB. May 8, the Forex market caught the Draghi comment: “ECB open to intervention in June if needed “, but as the famous quote goes: ” Buy the rumor, sell the fact “, and now it looks like a rumor and still not a promised fact, true or false we’ll see.
Long positions above 1.58 with targets 1.7300, 1.7800, 1.8140
The 30th of October. FOMC Statement, as it was expected, no Taper, everything remains unchanged. As I was saying for the whole week, I am pretty sure about the dollar getting weaker, but…
Long positions above 1300 with targets 1350, 1380, 1440
Long positions above 85.00 with targets 93.50 – 97.70
Long positions above 1.20 with targets 1.30 – 1.35
Short positions below 1.0150 with targets 0.9200 – 0.8850
Have you ever though about the common saying – CUT YOUR LOSSES EARLY AND LET YOUR PROFITS RUN? I’m sure every trader knows it, however, not everyone follows. During the process of creating my strategy I was asking myself the question – why traders wait and keep losses run, but as soon as profit comes we fix it?
I was going through browser’s Favorites, when I found one exciting article “Investing in Indonesia: Another Asian ‘Tiger’ Roars Ahead” by Tony D’Altoria published at the end of November 2010 (source: investmentu.com). Someone might say this article is too old for being investment’s info – it’s been in internet for more then 1,5 years and is a history by now. However, it is still very topical issue. The article’s author managed to put very clear and well-reasoned perspectives of the Indonesian economics. I must admit, I’ve shared the authors opinion back in the day. Then it was still, but Indonesia being discussed again. Perspectives have even grown. Facts talk for themselves. So, what do we have on this moment?