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Simple Dollar Reminder the 11th Sep way!
Wed, Aug 27 2008, 20:09 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.A. (27August US) Latest Impact: Simple Dollar Reminder the 11th Sep way!
Investors vacations about to end and by 05 Sep, the market will return to ‘controllable’ environment. However, with the approach of the 11 Sep tragedy date, and as each year, fear of terrorist act, investors will plan to hedge positions using Gold Long Positions.
Such hedging will narrate the story of dollar weakness that may last for at least 18days or the whole September. Again, be very careful, once the August closing is out of the way, a trap is considered on the built, and lately the psychology impact of the dollar has been falsely bullish and very bullish which will crack down because the US economy is not in good position to survive, an unfortunate I see for a long term period of time. September is a very risky zone for the US especially after the worse case scenario between US-Russia-Europe.
My wish is one and only one: The US should revise its whole foreign affairs before anew 11 Sep emerges again…
B. Signal
Limit Order Valid till 29 August
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 Sat, Sep 6 2008, 08:45 GMT
Archive
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