Trivia Question! Who sees the great USD comeback!

OMG! GBPUSD might be leading the way here. Fundamentally speaking, it makes no sense. But we do know that GBP is also 'one of those nations'. I'm expecting the USD to make leaps and bounds forwards against the Britons and i said expecting, no confirmations there...

Anyone rooting for the USD?

?The weeklies are telling us some interesting developments of the USD.

Majors have indicated a possible reversal to USD weakness esp afetr the emergency rate cut by the Fed, fundamentally prostituting the USD.



But CAD AUD and NZD still indicates sustained USD strength.

Hard times. Is the USD really bound for death? Looking at the way the interest rates are being cut, it wouldn't be long before we take USD our new favorite carry trade vehicle. heeeh.

Update on DBS

Look at her go...can we see $15.50? Well thats a target, for me at least. Annuoncement due in mid Feb, we'll watch the developments till then.

We have suddenly seen huge price swings, extreme volatility, difficult times to trade. A word of advise for fellow traders, keep the stops HUGE and reduce the overall exposure, we are gonna see plenty of slippages.

AUSUSD Demo Trade Update

Well since this is a demo trade...no point flattering myself, just updating the position. Oh btw the account opened today, i'll be TTing the money tonight and should be ready to trade in a day or two.

Demo Trading the AUDUSD

Since i'm still waiting for some account matters to clear up with the broker. Allow me to share a setup i took with the Aussie.

DBS Annihilated

STI's big cat just broke a 6mth low, it seems like financials around the world carry one strategy. Sell... All time high cemented at 23.00 current trading at 18.20. DBS has lost 21% of its value since the high. Have we seen value? i'd suggest, staying aside.

Euro Vs Aussie

Is it just me or has 2008 been very difficult to trade?

Look at the two charts i posted and tell me how would you trade this. Would it be a good idea to short? Or should i wait a little longer for another bullish confirmation bar be on the long side? What do the pros tell you to do when you are not sure? just step aside and let the old boys show you how its done. oh well....

The Sterling Attraction

So, we have reached an important point in the Sterling trend. At the current price it is trading at factoring the interest diferrentials, it would be hard not to suggest that we have likely been given the possibilty of collecting some sterling at a very very attractive offer rate. Further anticipation of interest rate cuts in the US could further fuel a cause for more upside of this currency. I'll be looking to stream in to some entries from the lower time-frames.

STI Consolidates On Speculations

Since the subprime alert during July 07, we have seen the STI achieve a new level of volatility. While the Index has succesfully computed a new high, much has to be asked abt the current market sentiment. If we we to collectively correlate the price movements of the DJIA against the STI, one could note that both our markets have actually been moving in tandem.

The correlation suggests that the weakening trend in DJIA will likely affect future prices of the STI. At the current moment, one could digress that the index is currently slated in a very consolidative mood. Events unfolding in the US for the next few weeks would determine the indicative direction our STI would make.

For now, i'd say oscillation plays between zones 3300 - 3600 would be the best bet if one has desires to speculate.