Spot Forex Trades

The ups to be downed

Thu, Jul 3 2008, 11:42 GMT
by Anthony Samaha

ForexSurvivor


ForexSurvivor

Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.

1 minute with ForexSurvivor

 

 

A.         (03 July US) Latest Impact: The ups to be downed

Too much emphasis was put at Crude Oil in the 2nd quarter, and as a result financial markets are faltering in anticipating hyperinflation from spreading into the prices of necessities such as food, oil, gasoline and nearly everything related to our daily living.

 

Are we facing uncontrollable hyperinflation? I guess not yet, or else we would have seen protests around the globe that are turning down governments where so far we have seen few riots and few protests that are barely media-heard of.

 

A simple rule of thumb:

Market is expecting ECB to increase its interest rate è eurusd up

Market is expecting NFP to be weak è eurusd up

 

Shall we have then double bottom near this week low? I very doubt much so

The market does not go well bullish before bulls run out of steam, and worth to pay attention at 15640

 

B.         Signal

Have a nice long weekend!

Limit Order Valid till 03 Jun

 

 

C.        Mission Accomplished:

N/A

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

 

 

 

 

Published on  Thu, Jul 3 2008, 11:45 GMT

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