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ntrader

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Posts posted by ntrader


  1. The latest COT (Commitments of Traders) report CME (Chicago Mercantile Exchange) reveals that large specs had added to the net euro short position as of May 7th. This data showed a net short EUR FX position around -33,5k contracts as of Tuesday, in comparison to the previous week’s -30k position


  2. The strong impulsive look of the rally from 75.50 suggests that USD/JPY is now in a long term up trend. Key focus will be on current 100/103.10 resistance zone. Sustained trading above there would open up the case for further extension through 124.13 resistance in the long term. For the short term (week) i am expecting a pull back from the ecent highs.


  3. The sentiment in the market is very mixed. Some investors think that gold will continue its bullish run as central banks all over the world ramp up stimulus to boost their economies, physical demand for gold will remain high and more buyers will come to the market if prices drop further. Others believe that the price action in April is more than a correction and hence the bullish trend is over. These investors think strengthening American dollar will accelerate the downward movement.


  4. I am expecting euro to hit 1.3120 against US dollar, at this point i will add to my short position opened at 1.3008, I beleive it is time for a little pullback in the euro.


  5. After hitting 1.2770 the euro managed to rebound and hitted 1.3030 which i believe it is a nice entrance point for short positions. I will put my sell order for Monday at 1.3008, no stop loss now, i will check how the trading day will go and then i will decide.

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