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michaelpelly commented Nov 21, 2014Well, you know the only real issue is to decouple the emotions and start to look the FX investment/speculation as a business. And as with any normal business there are profits and costs. In the long term view - getting to a positive TCO and ROI is ...
3 Reasons To Take Some Profit On EUR/USD Shorts - Deutsche Bank
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michaelpelly commented Nov 20, 2014It is quite simple though. Usually guys like him had lost one or more high risky trades which they believed that "no way it could go wrong..." and when it did - there should be explanation outside their own decisions. I've seen it with couple ...
3 Reasons To Take Some Profit On EUR/USD Shorts - Deutsche Bank
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michaelpelly commented Nov 20, 2014I never understand why someone have to cover a simple action with that much bullshit. My best trade in 2013 was when I bought pounds against dollars at 1.49 (summer 2013) with no leverage and sold them at 1.62 at October 2013. Simple and easy - no ...
Goldman: Here Are Our Top 8 Trades For 2015
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michaelpelly commented Nov 19, 2014Well, cable has been falling hard for 5 months, even the 1.58 strong support zone did not hold. It still might resume the downtrend but it is very likely some rebound to occur - to what extent is difficult to predict.
Pound jumps on less dovish than expected BoE minutes; GBP/JPY main beneficiary
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michaelpelly commented Nov 19, 2014It might be the end of the down-trend in cable - FOMC will be a key factor I guess.
BoE Meeting Minutes Helping GBP/USD Attempt a Double Bottom
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michaelpelly commented Nov 18, 2014Cable is a bit hesitating - would not be surprised for one more spike bellow.
Improved Economic Sentiment Helping EUR/USD Form a Price Bottom
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michaelpelly commented Nov 14, 20141.5 is a bit of a stretch, but 1.55 - 1.53 is fairly possible.
Sterling's new reputation: 'The fall guy'
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michaelpelly commented Nov 12, 2014Finally - a price for some tiny little bricks in physical :-)
Here's why gold could be headed to $800
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michaelpelly commented Nov 6, 2014The only real question for cable is - is it gonna dive under 1.58?
EUR/GBP Stays Bearish; New Yearly Lows Possible
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michaelpelly commented Nov 6, 2014It is huge for top buyers with tight SL.
USD/JPY tips 115.50 and plunges a big figure
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michaelpelly commented Nov 5, 2014Close to strong support in 1.5830 - 1.5850 zone.
ADP: Private Sector Employment Increased by 230,000 Jobs in October
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michaelpelly commented Nov 4, 2014I don't think any significant movement would occur today.
EUR/USD Trading in a Pennant Ahead of ECB/NFP Risks
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michaelpelly commented Nov 4, 2014It is evident that this news did not induced too much ripples in the market. I guess all eyes are at ADP NFP tomorrow.
UK construction output rises at slowest pace for five months
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michaelpelly commented Nov 3, 2014I've been 5 times in US for periods of 3-6 months each in the last 12 years working on high paying engineering projects and I indeed find it...and each year it was getting worse indeed - huge inflation and shrinking middle class. So nothing for you ...
China faces trap in currency war
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michaelpelly commented Nov 2, 2014So such practices will hurt the US economy too. I think the ECB is making the right move to restraint from too much easing.
Key Fundamental Factors this Week (11/3-11/7)
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michaelpelly commented Nov 2, 2014It is a simple risk assessment - is it safer to short euro after such a big fall, knowing that it doesn't go under 1.22 for a long time, or tilt your chance estimation toward long position. Of course I don't exclude the E/U pair to touch 1.22, but ...
EUR/USD: Sell-Off Overdone; We Stick To Our Long - Credit Agricole
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michaelpelly commented Nov 2, 2014I think anyone should understood the fact that FED is not stopping bond purchase because they actually assess the economy as "improved", but mainly because blowing their asset sheet became too risky. I'm sure the US economy would be fine, but ...
Goldman: We Disagree With The Fed
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michaelpelly commented Oct 31, 2014They may have a point though. E/U has been falling 5 months from 1.3995 - there is quite a room for big upward correction before any down-trend could be resumed again - it might even get to 1.33. I see the same pattern in cable - tried to breach the ...
EUR/USD: Sell-Off Overdone; We Stick To Our Long - Credit Agricole
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michaelpelly commented Oct 31, 2014Go Go low, goldie go low :-) (C and D chords in the background). Go bellow $1000 so I can start buy on physical :-).
Spot Gold Drops to Lowest Since 2010, Falls 1.9% to $1,175.54