October 2, 2014
I Yesterday I spoke about selling USDZAR (http://savitrading.com/blog/sell-usdzar/). I am happy to say i closed my trade for a profit at 11.2240. Today I like buying Silver (XAGUSD). I am buying at current levels with a stop at 16.75, looking for a move to 17.55. I feel the USD is still in line for a… View Article
October 2, 2014
Sterling data out this morning, with the number coming out at 64.23 after the number was expected out at 63.5. A positive number but hasn’t seemed to have pushed cable on the upside.
October 1, 2014
This data came out at 56.6 from an expected 57.0. Worse than expected that pushed cable on the upside after a double bottom down at 1.616 was formed also.
October 1, 2014
I am looking at USDZAR at potentially a sell at current levels. We are sitting near highs recorded earlier this year, being buoyed on by USD buying and selling of Emerging market currencies. I expect a reversal in the USD, hence am looking at selling this pair with a stop about 10 big figures higher,… View Article
October 1, 2014
Sterling data- Manufacturing PMI was expected out at 52.5 and came out at a slightly poorer than expected 51.6. Potentially pushing cable on the downside, through the recent support at 1.61614, if it holds this potentially a big move on the upside!
October 1, 2014
The Nikkei cited a survey by the Japan Chamber of Commerce and Industry showing about 80% of companies consider the current level of USDJPY level is overbought. USDJPY hits 110 (highest in 6 years.
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