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michaelpelly commented Dec 18, 2012Somehow I do not share that enthusiasm, but we will live to see...
Abe era will herald a three-digit yen
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michaelpelly commented Dec 18, 2012Well, well - seems that Abe is more famous than Schwarzenegger these days...
Abe era will herald a three-digit yen
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michaelpelly commented Dec 17, 2012Nice analysis, but the issue itself is consistent of a lot of "if"s. The US politics will at least try to keep their warm chairs, so a mid-ground for the "fiscal cliff" is likely to be agreed.
How fiscal cliff would hit Asia
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michaelpelly commented Dec 17, 2012Wonderful article! I essentially says why Greece is doomed if the Greek people do not take action and drastically re-organize their political and state backgrounds.
Greece's triangle of power
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michaelpelly commented Dec 17, 2012Well, I already know that - DAX was blown to the sky and "economists" advised to buy more shares...
Bundesbank Sees "Noticeable" German GDP Contraction
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michaelpelly commented Dec 16, 2012Hah, its still a very long stretch to the sci-fi movies :-)
How computer algorithms secretly shape the way we behave
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michaelpelly commented Dec 16, 2012I love how these guys predict 400 pip movements in one week on a pair that can't breach 1.6180 couple weeks and every time after pushing there is going all way down to 1.58xx.
GBP/USD Outlook Dec. 17-21
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michaelpelly commented Dec 16, 2012This is exactly when traders forget about the nature of the marketplace - i.e. place to buy and sell. Most of the comments here focus on the news that should imply direct straight bullish and bearish trend, yet market do the exact opposite the 50% ...
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 16, 2012JPY is still a stable currency - all these "easing" efforts actually take action - if you see last 10 yrs - the trick is working - yen just come cheaper and cheaper against USD. But my real point is - this could not happen overnight - it was quite ...
Yen’s Fate Linked to Japan Elections, BOJ Policy
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michaelpelly commented Dec 16, 2012Sir, maybe you do not watch enough live news feed from Greece and Spain last two years - but let me assure you - the state power there is shaking - with such unemployment rate - they will soon start to look like US in 20s of last century. I do not ...
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 16, 2012My forecast is that Wells Fargo sucks - oh no - sorry you asked about their prediction. So - I might line up with them.
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 16, 2012My opinion is - a possible 50-100 pips up-spike for 2-3 days of all major currencies against JPY - good for bulls to increase profit, nerve-testing for bears with high-risk positions. But then - inevitable drop with 300-400 pips in 2-3 weeks. Market ...
Yen’s Fate Linked to Japan Elections, BOJ Policy
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michaelpelly commented Dec 16, 2012What really confuses me is that the randomly selected 1.4000 value. (obviously imagined from some salary-based trader left in office to write something on the news panel Friday afternoon instead of drinking coffee). This value is not even on some ...
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 16, 2012I think you confuse Eurozone with Germany in terms of "recovery powers"... Spain, Portugal, Ireland, Italy, Greece, Cyprus do not have any "dry powder" left - just default options...
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 16, 2012Guys - such potential and so far very argue-prone easing would come no less than 7 months from now - the market charts just do not "wait" on same prices for over half year for the major currency pairs - just get real.
Yen’s Fate Linked to Japan Elections, BOJ Policy
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michaelpelly commented Dec 16, 2012Yep, yen could go a little bit low before it rise back, but EUR/JPY break and keep above 111 is somehow science fiction - keep in mind that cheap currency affect the import prices like hell and import-dependent economies still need to keep the ...
Yen’s Fate Linked to Japan Elections, BOJ Policy
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michaelpelly commented Dec 16, 2012This analysis sounds like I wrote it in elementary school - just wild speculations and lack of any analysis-proven timeline. Just ignore it.
Coming week: 6 reasons to be bearish
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michaelpelly commented Dec 15, 2012I do not think "GS" (like they call themselves in third-person) are quite right. "GS" just parrot-saying what Draghi, Merkel and Scheuble are hope-saying last 3 months "the worst is over - we just gave more money to the sinking economies, still they ...
Here Is Why The Euro Will Hit $1.40 End-2013 - Goldman Sachs
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michaelpelly commented Dec 15, 2012I just do not understand is this a complaint-type of analysis or just advice. Because whatever the costs - a very conservative trader could make 5% gain per month - 2 times more that the banks gives for YEAR! So - profit/cost ratio is just seductive ...
The Hidden Costs of Forex Trading
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michaelpelly commented Dec 15, 2012To be polite - I do not believe it! ;-) It is much more likely to see new political crisis long before 2014, when the next "tranche" will be needed - couple months from now and the "troika" pushes Greece toward more austerities. People will start ...
Greek economy may start to grow in 2014, minister says