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Ammeo

Market Wizard
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Posts posted by Ammeo

  1. Posted

    Is FxPro good? A cousin of mine has recently started real money trading with FxPro. I am not sure how good it is cause i havent traded with this broker yet. Anyone has any experience with FxPro?

  3. Posted

    Main Street Expect To See Higher Prices Next Week, Wall Street Bearish

    Friday May 1

     

    In an online survey, 351 people voted; of those, 170 participants, or 48%, expect to see higher gold prices next week, 117 people, or 33%, expect to see lower prices and 64, or 18%, are neutral.

     

    This week, out of 33 market experts contacted, 19 responded; of those, 9 participants, or 47%, see lower prices, 6 experts, or 32%, see higher prices and 4, or 21%, are neutral on the gold market. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

  4. Posted

    Isn't losing money a choice? As a beginning trader, I only take trades near support/resistance with volatility on a stock I know. It helps that there is a underlying market which is heavily manipulated by its home government. If the stock moves past the predefined support/resistance-I'm out. If I lost more than I could afford for that day-I don't trade anymore. Don't take anything with more than 3:1 ratio, taking half at 50% and letting whatever else run until it reverses by a dynamic margin. Now I'm not making a ton of money doing this-but I am profitable because my big winners heavily outweigh my small losers. I trade with 25% of my account because of its size, and factor in commissions(which by trying to "free trade" accounts I've kept to a minimum :). So unless I just lose my head and start trying to scale, or use too big a position, or not exit a trade as soon as it moves against me-how could I lose money?

     

    This is what i do as well. I never trade big and go out of negative trades early.

  10. Posted

    I expect nothing too significant this week as there is not a lot of normal economic news. I shorted at the open and am currently sitting on a nice few pips. Currently looking at cashing it at around 1.077ish before a bounce. I will be looking for a price to sell upward movement.

  11. Posted

    Wall Street And Main Street Both See Higher Gold Prices Next Week

    Friday April 17, 2015

    In Wall Street vs. Main Street, out of 31 market professionals surveyed, 22 responded this week. According to the results, 13 experts, or 59%, see prices moving higher, while three, or 14%, see prices down and six, or 27%, see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

     

    Turning to Main Street, 421 votes were collected in Kitco News’ online survey and the results were slightly closer compared to the market professionals. Of those who participated, 188 or 45%, are bullish on gold next week, 140, or 33% are bearish and 93 or 22% are neutral.

     

    On the professional side, analysts said they expect the U.S. dollar to be the biggest factor in gold’s direction next week.

  12. Posted

    Economists warn on Reserve Bank of Australia rate cut expectations

     

    Barclays chief economist Kieran Davies brought forward his rate cut forecast from May to April, citing the Australian dollar's failure to fall as dramatically as the iron ore price.

     

    While RBA governor Glenn Stevens has previously put fair value for the Aussie dollar at around 75 US cents, it was probably even lower now that iron ore prices had deteriorated further, he said.

     

    "With commodities slumping again and the currency only partly reflecting that, you've got a gap opening up again between the currency and the terms of trade and I think that's been a persistent source of frustration for the RBA," Mr Davies said.

     

    - See more at: RBA rate cut on the way, experts say

  14. Posted

    JP Morgan cheif strategist Jan Loeys just released their quarterly outlook report, (counterparty circulation material, not for public)

    Hes still maintaining their sights on 100 for USDX in Q2 2015

    Highlights the fact usdx bullishness in 2014 was primarily weakness in the dollar basket economy fueling the dollar index's rise

    This time, the approach to 100 will be fueled by sheer restriction in supply of dollar as reflected by interest rate hike

  16. Posted

    Gold To Face Repeating Challenges: CPM Group's Gold Yearbook

     

    Tuesday March 24, 2014

     

    The factors which weighed on gold’s decline in 2014 are expected to carry over this year, said research firm, CPM Group on Tuesday.

    “The annual average price decline during 2014 was smaller than the 15.6% decline seen in 2013, however, on an intraday basis, gold prices slipped to $1,130.40, their lowest level since 2010,” CPM Group said.

     

    CPM expects these factors to remain in place in 2015.

     

    Buying Interest

     

    Investors purchased 28.1 million ounces of gold in 2014, a 16.3% decline from 33.5 million the previous year.

     

    CPM Group said that although the reduction in purchases weighed on gold prices, it still ranked in the top 15 for highest level of investment demand since 1950.

     

    “This relatively healthy investment demand was one of the primary factors that helped support gold prices at historically elevated levels during 2014. Longer term investors were largely responsible for the net additions,” CPM explained.

     

    CPM anticipates investor purchases to decline in 2015 to 26.9 million ounces. This would still rank investment demand during 2015 in the top 20% of net additions to investor holdings on an annual basis.

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