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Thursday, 11 September 2014

Fate of euro

Euro fate looks more clear than ever. With interest rates at record low levels by ECB, and a strong technical resistance of 1.3400, euro is looking to deep dive below 1.3000. Currently @1.3293

Sunday, 13 April 2014

Jforex vs MetaTrader Platform

Jforex uses Java Language where as MT uses MQL (Meta Quotes Language)
Jforex has more flexible data provider API compared to MT.

Thursday, 2 February 2012

Heading for a major wave??!!

Picking cues from the recent Economic & Political developments across Europe & America, Currency/Commodity market formed bullish patterns on the charts!! Suddenly the greenback became heavy weight !!! Hold on .... There should something every trader should aware of!! Greece ministers announce that their problems are solved ...even before they strike a deal with private investors...Europe is not only made of Greece... It includes spain (21.7% unemployment), Italy (10%), Portugal. We have countless downgrade of EU banks by Fitch and S&P. EU sovereign problems kept repeating in cycles since start of 2010.  Does these bullish patterns on our charts hold's good?? Or will the Greenback retain it's footing??In my view Both events have their probability to happen....with later one having an edge. So look at fxcm dollar index at 9700. Break above 9750 gives us a bullish wave for Dollar and a great deep wave for it's counter parts (Euro 1.2, GBP 1.52, WTI $92, GLD 1550)


Disclaimer: Opinions in this post are personal view of me and should not be taken as trading advice. User should follow their sole discretion for trade setups.

Friday, 2 December 2011

USD to Surge due to NFP??

USD to surge against all (Esp Euro)... Bcoz of NFP Data (8.6% unemp, 140k private jobs, 120k)??? I expect this in next week or prob late in Friday ..!! SELL?? 
Euro may see downside bcoz of short covering on weekend... and prob rise in last two hour bcoz increase of risk appetite.. due to good news from EZ and good data in NFP..!!
Bottom line: Volatile and turbulence  creates opportunities !!

Thursday, 1 December 2011

NFP baby :)

Chatter that ISM manuf data will be higher than expected, as other US data has beaten expectations -- http://twitter.com/#!/NicTrades