Yup sounds like you called that one right nitman. Just a quick thought on the dow, nasdaq etc. We've seen these push through record after record recently and I'd expect it to continue through year end. What to watch for is housing and unemployment ...

Fundamentals Rule!

For me the level I'll sell at is 612$. Just to confirm the break. I'd be hoping to buy back around 600$ level. Hope this helps.

Gold Discussion

Hi Hilm83, Good comments. of course us fundies don't get it right all the time. being wrong is part of trading and i've gotten it wrong more times than I care to admit Just as one persons technical signal is to buy when anothers is to sell so too ...

Fundamentals Rule!

Hi Moonchild, Yes I can agree with you. The market often moves against the latest economic report and I can hazard a guess why; 1. headline rates determine an immediate effect. But reports often run into pages and can take some time to go through. I ...

Fundamentals Rule!

Hi Fotovat, I dont trade GBP much but I'll take a shot. I know very little about the economy there. Here are the figures; Please note this would be the immediate aftermath rather than an explanation for the sustained drop throughout the week (which ...

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Tic tic tic tic tic...boom! TIC report out today. At last. I'm drooling to see it.Lets see if anyone is diversifying! Though it'll be too early to tell regarding the Chinese (And we'd need a rather larger amount too...) but I am getting ever more ...

Fundamentals Rule!

Place large trades on multiple currencies with strong correlation and using high leverage so that I can double my account in the next five minutes...

So your brokarage account just hit 7 figures

Well today will mostly be about the FOMC minutes. These can have an immediate effect or drag on well into the night. As before Im expecting more of the same blather from them about housing and risks to inflation blah blah blah. I'll mention this ...

Fundamentals Rule!

PPI USD PPI out today. Most countries publish a PPI in some form or shape. So lets get down to brass tacks about it. PPI stands for Producers Price Index. It is to producers what CPI (see previous posts) is to consumers. In other words its a measure ...

Fundamentals Rule!

Thanks Lietuve, always good to know someone is reading this drivel : We've a slew of data for the rest of the week so lets get down to business. the indicators that'll be most closely watched for the week are as follows; Tuesday; USD: Core PPI & ...

Fundamentals Rule!

Well there's no major economic reports out today so you get to listen to me blathering on again about anything that takes my fancy. And if you don't like it....you can always pretend to like it and nod head wisely in agreement Gold is dipping at ...

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Thanks RBS, much appreciated! Will be getting back to explaining the fundamental factors this week with regards to economic reports. After that we'll be trying to pull everything together to see how economists get the bigger picture rather than ...

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We've a battle of the wills going on at the moment between OPEC and the developed nations of the west. The west don't like high oil prices...its hurts their economies which makes politicians look bad. With America looking set to slow down high oil ...

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lol, yes and oil finished at 70$ before xmas....

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Damm chinese and their comments I know its a loss, been in worse situations myself, so start digging yourself out of it.

Ouch

Thank you NP! Well Euro is steadily gaining ground so I must say i'm chuffed with myself. So is my Bank Manager I must say though I don't think we'll hold up here for too long. We may just get to test the 1.29 mark but after that I'm expecting us ...

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I'd agree with de. Longer term I think we'll see gold back up around the 700$ mark but in the immediate future I'd be thinking a test of rougly 600-605 to test support and then another rally past the 630 mark.

Gold Discussion

Cheers North Pro. So basically if it breaks 1.25 you'd be looking for a substantial down trend?

EURUSD

At the risk of leaving myself open to derisory comments and peals of laughter from all the techies here, on the two day chart would the two 'spikes' not constitute an inverse head & shoulders and if not, why not? I can see the head and shoulders you ...

EURUSD

At the risk of boring everyone with oil (is anyone even interested in oil or will I just shut the hell up about it??? ) Market at the moment seems to be favouring rally for the day...it may have to do with EIA inventory levels due in fifteen ...

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