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michaelpelly commented Sep 23, 2014Unless DB shows documentary evidence of their multi-lot position for heavy short on E/U I would consider that some under payed junior analyst had done some article - writing exercise.
Euro Pah!: 6 Reasons For Selling EUR/USD Targeting 1.25 - Deutsche Bank
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michaelpelly commented Sep 23, 2014Seems that a thread called "Brokerage leverage, margin percentage and position size" should be read before someone posts in the news threads :-). And to make things more obscure - why for example I should keep all my funds in the broker?! Can't I ...
Draghi: Introductory remarks at the EP’s Economic and Monetary Affairs Committee
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michaelpelly commented Sep 23, 2014I can see a lot of money change hands last 2 weeks on GBP/USD - it can't find direction - over 120 pips span for daily candle today - a lot of buyers and a lot of sellers are crossing swords :-).
GBP/CAD Jumps Higher Post Canadian Retail Sales
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michaelpelly commented Sep 23, 2014I'm always really interested in such statements - how exactly it would kill an account if you do progressive hedging to prevent it? Even when you are dead wrong you could minimize the risk to 2-3% and keep some "stretched" positions for a while - ...
Draghi: Introductory remarks at the EP’s Economic and Monetary Affairs Committee
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michaelpelly commented Sep 18, 2014Correct but seems home is more close to 1.7 than 1.6 :-)
What is the price action in the GBPUSD saying?
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michaelpelly commented Sep 16, 2014Put even more ads! :-)
GBP/USD Turning Bearish in the Short-term
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michaelpelly commented Sep 16, 2014I would not definitely say that for sure. Seeing the E/U sitting around 1.2950 - reluctant to go lower and the cable nervous buy-backs last 2 weeks - I would say bears WERE in control until now. P.S. Do not link YES vote on Scotland with imminent ...
GBP/USD Turning Bearish in the Short-term
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michaelpelly commented Sep 16, 2014Sounds like a propaganda engulfed with serious facts mockup - at least it sounds like that to me - I purely have no ventured interest whatever the vote is (Yes or No). Actually I have - I trade cable extensively in both directions so the heat of ...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 15, 2014Just to give you a hint - if I imagine that my country now decide to leave EU and NATO and join the Russian geopolitical sphere (there are actually political parties here that promote such moves) - I would be forced to emigrate in Greece or Cyprus, ...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 15, 2014You know what philosophical minds had said that Freedom is just Freedom - it doesn't mean things will go fine and smooth just because of it. Scotland independence is one thing, longterm prosperity on the other hand - way different animal :-). ...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 15, 2014I'm bringing Farage into the picture because he is the spearhead of the anti everything motion. And yes I would see with great interest a possible separation of the UK from the EU that would cement the German's role of leader and unifier of Europe - ...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 15, 2014Well - your clown Farage would love that, and seems that a lot of clowns support him - bickering about 20 000 Bulgarian and Romanian immigrants instead of the 1 000 000 India residents in London. Just fix your perception of the world...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 15, 2014Well I guess we would wait and see :-). My speculation is a YES vote and a huge political crisis with economic skirmish no more than an year later - when reality sets in and the dream of "small prosperous country" start to slowly drift away :-). ...
Scots Should Be Careful What They Wish For
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michaelpelly commented Sep 13, 2014Like the last year - all pundits were dreaming of the ultra strong dollar move when the FED tapering has began - instead euro and pound rallied hard and at some point the dollar was close to get under 100 against yen. I would not bet a dime on ...
Pound Seen Tumbling Up to 10% on Scottish Yes Vote
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michaelpelly commented Sep 12, 2014Does anyone in Scotland really ask himself the question - what would be for real and all the practical implications to be a small country out of EU, with its own volatile currency, high unemployment and high debts? Or intoxicated from the ...
'No' campaign lead at 4 in Scottish referendum
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michaelpelly commented Sep 12, 2014I really don't understand the Scottish feeling of "oppression" - especially the last 50 years. It is like people from England come to pillage and burn villages every weekend! It is beneficial alliance for both sides - especially for smaller party ...
If Scotland Goes, Then Britain Too?
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michaelpelly commented Sep 11, 2014Here it is: url " ... UBS got to the point where big cuts were needed after a series of costly missteps in recent years. In the early days of the financial crisis, credit bets went spectacularly wrong, costing the firm some $50 billion. UBS has ...
Barclays Now Sees EUR/USD At 1.27 In 1-Month, 1.10 In 1-Year
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michaelpelly commented Sep 11, 2014I agree that my opinion is a bit accented with emphasizing in aggravation - but it is a huge illusion that bank's traders are the smartest players in the market. I have to dig on the net to find you the release from 2012 (it was official) where UBS ...
Barclays Now Sees EUR/USD At 1.27 In 1-Month, 1.10 In 1-Year
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michaelpelly commented Sep 11, 2014My point is - after each swing move - the so called "analysis experts" (just a bunch of suited people equal or less smarter than anyone) start to publish such "future sights". Those same guys were dreaming for euro up to 1.6 just 4 months ago.
Barclays Now Sees EUR/USD At 1.27 In 1-Month, 1.10 In 1-Year
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michaelpelly commented Sep 10, 2014Right :-). Bank of America were drawing such lines for cable July 2013 - to go to 1.33 and even lower :-). So expect nothing significant to happen next year - euro would probably range between 1.27 - 1.37 as usual last 3 years.
Barclays Now Sees EUR/USD At 1.27 In 1-Month, 1.10 In 1-Year