dardale001
Rumors Rumors Here We Come
Rumors Rumors Here We ComeThe US dollar was surging today together with the stocks plunge in Wall Street. The rumor which was spread heavily in Twitter, was that France debt rating will be downgraded today. As was expected, this turned to be a nonsense, but the rumor caught the markets in a very delicate and nervous situation, where every spark causes a huge fire.
The good news are that we don't see the panic we saw in recent sessions, and the evidence for that is the relatively weakness of the Swiss Frank Which became a leading safe heaven for investors and a barometer for risk aversion.
The US dollar which was supposed to collapse after yesterday's FED's comments, is showing some strength due to the fact that like CHF and JPY, it also serves as a safe haven for investors.
But it is only temporary. I'm expecting a fade out of the recent panic wave, unless more bad news will appear on the radar. And when the panic will fade out (watch the VIX carefully) and a new tide of risk appetite will flood the markets, the US dollar will plunge togheter with the Swiss Frank and probably the Japaneese Yen, And Australian Dollar, New Zealand Dollar, The British Pound and the Euru, will make substentails moves.
I'm keeping on implementing my recent Forex trading strategy and accumulating small packets of EUR/USD, AUD/USD, NZD/USD, GBP/USD, EUR/JPY, AUD/JPY, NZD/JPY, GBP/JPY, EUR/CHF, AUD/CHF, NZD/CHF and GBP/CHF on every 100-200 pips dip.
I actually trade without setting my Take profit right now. I'm planing on targets of around 1000 pips per trade! This is my main Forex trading strategy for days like this!
But my dear friends, please beware! The markets are very violent and any move against you can wipe-out your account. Unless you trade with a very low leverage, like I do!
See you soon.
Rumors Rumors Here We Come
Rumors Rumors Here We ComeThe US dollar was surging today together with the stocks plunge in Wall Street. The rumor which was spread heavily in Twitter, was that France debt rating will be downgraded today. As was expected, this turned to be a nonsense, but the rumor caught the markets in a very delicate and nervous situation, where every spark causes a huge fire.
The good news are that we don't see the panic we saw in recent sessions, and the evidence for that is the relatively weakness of the Swiss Frank Which became a leading safe heaven for investors and a barometer for risk aversion.
The US dollar which was supposed to collapse after yesterday's FED's comments, is showing some strength due to the fact that like CHF and JPY, it also serves as a safe haven for investors.
But it is only temporary. I'm expecting a fade out of the recent panic wave, unless more bad news will appear on the radar. And when the panic will fade out (watch the VIX carefully) and a new tide of risk appetite will flood the markets, the US dollar will plunge togheter with the Swiss Frank and probably the Japaneese Yen, And Australian Dollar, New Zealand Dollar, The British Pound and the Euru, will make substentails moves.
I'm keeping on implementing my recent Forex trading strategy and accumulating small packets of EUR/USD, AUD/USD, NZD/USD, GBP/USD, EUR/JPY, AUD/JPY, NZD/JPY, GBP/JPY, EUR/CHF, AUD/CHF, NZD/CHF and GBP/CHF on every 100-200 pips dip.
I actually trade without setting my Take profit right now. I'm planing on targets of around 1000 pips per trade! This is my main Forex trading strategy for days like this!
But my dear friends, please beware! The markets are very violent and any move against you can wipe-out your account. Unless you trade with a very low leverage, like I do!
See you soon.