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ntrader

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Everything posted by ntrader

  1. Despite some not-so-hot economic news, we got a new all-time high in the S&P 500. The S&P 500 is now up 10.03% for 2013. The 200dma is 1436, which means that the current price is 9% above where it has traded on average over the past 200 days.
  2. This was gold's second-straight quarterly decline, the first time that has happened since 2001. Investors speculate that it is only a matter of time that the FED will end QE and begin to raise interest rates given the recent strength in the U.S. economy.
  3. Regarding euro, the banking crisis in Cyprus is just the latest indication that the eurozone is not out of the woods when it comes to its debt problems.
  4. Cyprus: External Debt = $106B. External Debt to GDP = 440%. Luxemburg: External Debt = $2.2T. External debt to GDP = 3,700% Now what???
  5. ntrader

    EURUSD Discussions

    After EUR/USD hitted this week my target at 1.2775 i am expecting a rebound, i believe eur can climb to 1.2920 but at this moment I don't believe it can go higher, si i will sell euru above 1.2910.
  6. Understanding Greeks will let you maximize your potential gain, minimize your risk, or at least not allow you to aim for too great of a target.
  7. The Cyprus bailout euro rally is already over, eur/usd now down to 1.30 after hitting 1.3055 Cyprus remains at risk of default despite its EU bailout deal, which is credit negative for all eurozone countries, says Moody's.
  8. ntrader

    EURUSD Discussions

    Cyprus bailout deal is long-term negative for the Euro
  9. Euro started the session very strong at 1.3036 now, after rumors about an agreement in Cyprus bailout, probably a levy of 40% on deposits above 100.000
  10. No forex trading untill the Eurogroup reach a decision tonight, then it will be great if somebody can jumb in the train because eur/usd will make a huge move with a lot of pips
  11. ntrader

    EURUSD Discussions

    I am still bearish on euro, my target price 1.2775, i am waiting for high volatility this week too
  12. Eurozone governments are "essentially blackmailing" Cyprus, said Anthanasios Orphanides, former governor of the Cypriot central bank, as he warned against the "slow death of the European project".
  13. Unfortunately for me gold doesn't look as strong as i was expecting, maybe the markets know something that i can not see.
  14. Volatility wiil be very high for the euro the next days. Selling euro above 1.29 as long as there is no solution to Cyprus crisis.
  15. ntrader

    EURUSD Discussions

    It looks like the way is clear for eur/usd to 1.2775 as i mention in a previous post and as there is no clear solution to Cyprus crisis.
  16. The Cyprus bailout creates risk of money being moved out of other weak eurozone banks, such as Greece, Spain, Portugal, Italy
  17. After hitting new highs DOW and S&P i believe there is about time for correction and profit taking, and the situation in Europe is a good reason for that after the Cyoprus bailout. I have a price target for S&P at 1505 for the expected March corection.
  18. ntrader

    EURUSD Discussions

    Euro is getting destroyed at 1.2910 at the open, down from 1.3075 Friday closing price
  19. ntrader

    EURUSD Discussions

    I am not sure that euro will test the low of 1.19 any time soon but i believe in the short term weakness of the euro against usd and chf
  20. We must expect other banking systems in peripheral European countries to experience a market imposed additional risk premium after Cyprusdeposit tax.
  21. It is very dangerous what they have decided about Cyprus. Taking money from savers will crush the banking industry throughout the EU, first Cyprus, then Greece, Portugal, Spain, Italy etc..
  22. We have to watch 1.2875 on eur/usd but i believe it will not be strong support, i believe 1.27 is the next target
  23. ntrader

    EURUSD Discussions

    Forget the technicals for Monday as fundamentals will be the main drivers of the prices at Euro, as debt crisis escalates hittting Cyprus deposits.
  24. Euro looks very bearish against all majors after the developments in Cyprus, as euro debt crisis starting a new more "violent" phase
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