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michaelpelly commented Mar 18, 2013Simple - because it is the mighty dollar!
Why the U.S. dollar is 'the best horse in the glue factory'
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michaelpelly commented Mar 18, 2013Hold on, tracker - if this deposit crisis continues next 2 weeks - I doubt even the clown Draghi will save it this time and the last summer bottoms could become this year tops. Watch the pound - it barely moved - my speculation is with 1 or 2 good ...
Tomorrow, Cyprus could vote to leave the euro. This is political dynamite
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michaelpelly commented Mar 13, 2013Well a little concern - the pound re-tested couple times 100-150 pips barriers each week and still was dropping like stone after - usually Thursday or Friday - so too early to tell - if it manages to form a "green" candle this week - some hope might ...
GBP/USD: Break and Retest of 1.5000? (March 13, 2013)
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michaelpelly commented Mar 12, 2013"Black hawk is going down..."
UK Index of Production, January 2013
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michaelpelly commented Mar 12, 2013Maybe, jay. But seems to me that even for US is still long way to go - 2 yrs horizon could fit. Europe - nah, they even do not know yet where the bottom is. Maybe 3-4 yrs before questions about EZ break-up stop to be thrown in the media. This DJ ...
Strong Dollar Is Flashing a Warning Sign for Stocks
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michaelpelly commented Mar 7, 2013Pound surged also and still going down - 2 times this week - nice reversal to take shorts on top of it.
EUR/USD – Surges Back to 1.31
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michaelpelly commented Mar 7, 2013Well - for those who trade E/U, U/J and G/U it have some meaning...
Dollar Undergoing Major Change In Behavior, And Almost No One Noticed
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michaelpelly commented Mar 6, 2013Don't wanna disappoint you but last 8 weeks sterling is doing exactly the same - hits a support, jumps back 120-150 pips and then is sold-out again Thursday or Friday. So - take caution.
GBP/USD – Trying Desperately to Climb Off the Canvas at 1.50
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michaelpelly commented Mar 4, 2013So far - no significant signals that trend is reversing...
UK Construction PMI hits lowest level since October 2009
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michaelpelly commented Mar 4, 2013Check it against aussie - in the morning pound skyrocketed over bad data from the land of OZ - but I think price was rejected and now is going back (I risked a trade "on the notch" with minimal S/L and got lucky so far).
UK Construction PMI hits lowest level since October 2009
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michaelpelly commented Feb 28, 2013This is going against the tide - when you make one bad trade - just stay away for 2 days - the situation will change - trades are like buses - another will come.
GBP/USD – Consolidation and Breakout Scenarios
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michaelpelly commented Feb 28, 2013Simple - buy order at 1.5225 and sell order at 1.5070 ;-). Whatever happens - win/win! :-)
GBP/USD – Consolidation and Breakout Scenarios
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michaelpelly commented Feb 27, 2013Well - put it simply - gold is a inflation-safe money storage - generally - when sentiment is towards risk assets and raising trends - gold money gets unloaded and price drops. On the contrary - when things screw-up - money flow to gold for safety ...
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
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michaelpelly commented Feb 27, 2013Mine too - since 2 months :-), I hope we are both right :-).
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
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michaelpelly commented Feb 27, 2013Agreed. 1550 - 1560 is a good point.
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
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michaelpelly commented Feb 27, 2013Well - if anybody remembers just 2 weeks ago Hollande was screaming for low rates - seems that ECB does not need to intervene...
Merkel Advisor Feld: "Euro Crisis Will Return Shortly And With A Vengeance"
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michaelpelly commented Feb 27, 2013GS were screaming that gold will thunder up to 1800 until end of January-2013.
End of the Great Yen Trade Is Near
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michaelpelly commented Feb 26, 2013A hint - Goldman Sachs is screaming periodically last 3 months that gold will skyrocket to 1800. :-).
Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
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michaelpelly commented Feb 26, 2013Well - stop loss times :-). Gold will be tricky this week. If you remember the big fats made the exactly same sentiment back in January when gold licked 1615. They were so convincing that gold jumped to 1700. It did not worked for long - last week ...
Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
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michaelpelly commented Feb 26, 2013It is a good suggestion :-). They linked the pound with economic data - which was bad since 4.months and still pound was rallying until January. Same with the gold and Bernanke. Same with EUR and Italy. When the big players want to tilt the market - ...
Investor fear on the rise