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Ammeo

Market Wizard
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Everything posted by Ammeo

  1. Technicals Monthly I expect any drop onto the ascending magenta TL to have triggered a support that would allow for price to break north of the 61.8 FE. This currently seems to have been verified, with the monthly candle, so far, appearing very strong. I would not be surprised to see price hit the 76.4 Fein the coming weeks, and thus also break the resistance zone that was last seen in February 2011. Weekly The drop a fortnight ago onto the ascending magenta TL provided a very nice pin to play off. Last week’s surge acted like a rocket up Cable’s arse; the current breather at the high of two years ago maybe allowing for Cable to enjoy the view. Daily Again, the kiss of the ascending magenta TL was a little undecided, with the ascending Guppy profile being broken for a few days. Thankfully Carney’s blarney helped out… amongst the plethora of fundamentals flying around.
  2. Some Fundamentals GBP/USD Fundamental Analysis February 17, 2014 Forecast » Fx Empire Network
  3. Ammeo

    USDJPY Discussions

    Decided to pull out of 101.7 long. 102.2 was not even touched let alone 102.7. I think the unusual strength in S&P 500 which is nearly topping even though dollar index is headed downwards is dubious at best.
  4. Ammeo

    USDJPY Discussions

    USD/JPY forecast for the week of February 17, 2014, Technical Analysis » Fx Empire Network USD/JPY Weekly Fundamental Analysis February 17 ? 21, 2014 Forecast » Fx Empire Network
  5. Ammeo

    EURUSD Discussions

    EUR/USD Fundamental Analysis February 17, 2014 Forecast » Fx Empire Network
  6. Summary of gold for the past week Nothing new to report. As if! The rally since 27th Decber 2013 continues unabated. THe driving forces behind the move seem to be a concoction of upbeat market sentiment against the reality of political spin being consistently proven wrong in Washington and the rest of the world. At the moment, the only state in the United States of America that is long on the economy is The United States of DC and the White House spin doctors. Government appears to have blown so much smoke up its own a$$ that it believes its own bull. Yellen throws out some continued threats about continued taper and Uncle Sam's jobs numbers are still shrinking. The poor are getting fired and the rich are getting stinking rich. Sooner or later the rich will have no employees and the poor will have no money and rebel. The smart investors, the middle class are putting their money to safety in precious metals and other hard commodities which is driving the gold market higher and the property bubble to bursting point. Gold just proves that the global economy is slowing down to a standstill as China begins to falter on economic growth and expansion. Europe is discovering to its cost that the farming of jobs out to China is probably the worst idea that Maggie Thatcher ever came up with. Breaking the union grip on British industry sent their manufacturers to the wall because board members were more interested in fatter profits that the wellbeing of the nation that they lived in. The US economy is discovering that China is a huge risk to their survival and if China attacks Japan then there is a big chance that there will be a proxy war that is that cannot be won with aircraft carriers by any agressor or defender. The economics of war would determine that a market crash would vote the financial power out of the market into depression. The only solution is for Japan to stop prinitng it's valueless currency and start manufacturing jobs figures like the US already is. The fact that a little election in Japan can put that much faith in the Yen means the battle is far from over. As all but one American state is bearish on growth means that Obama is now in his last term and with poll figures at the lowest since ever before... well, Mugabe would be proud. A dictatorship without bloodshed so far. What's next? A famine or dustbowl like the Great Depression? I think the midwest better be prepared for a long hot summer and little monetary rain. Gold is long and $60 away from being properly bear. If gold cannot rally to 1360, and falls over here, it will begin a long climb much higher into 1400 as a most likely outcome. However, if it climbs to 1360 and falls over, then we can expect a fall down for a while then see it rise towards 1500's or more. Physical demand in gold is down and the South African mines are about to close agains t the wishes of the workers. Knowing that the Mine bosses are slave drivers, there will be increased pressure from their government o keep the mines open, ALA Mugabe Regime tactics of guns and wages. Gold must therefore rise in price or suffer scarcity and rise in price. A slowdown in demand for gold globally has begun to change as reality kicks in for realist traders. 1181 was as close to cost price gold as we were likely to get. Maybe the next down leg will show a new cosr of gold support.... You win, you lose. All else is history. The future does not exist.
  7. Ammeo

    USDCHF Discussions

    pending USD/CHF buy @ 0,8891 with stops @ 0,8846.
  8. Ammeo

    EURUSD Discussions

    With the clock ticking, Republicans seek a solution to raising debt limit, but not a fight - The Washington Post
  9. Ammeo

    EURUSD Discussions

    "House Republican leaders spent Monday trying to finalize a plan to increase the Treasury’s borrowing authority and avoid a federal default by urging GOP lawmakers to rally behind a proposal that ties a debt-ceiling increase to a plan to restore full pension benefits for some military veterans. House Speaker John A. Boehner (R-Ohio) called a “special conference meeting” in the Capitol basement, trying to find the right policy mix that would attract enough Republican and Democratic support for the measure to be approved, possibly as soon as Wednesday." Outlook not so good for longs if no debt limit crisis hits US again and Yellen proves more hawkish than believed.
  10. XAU Drivers of Price Demand Supply Global economy showing signs of high inflation Asian demand esp China and India (for jewellery) News does have a transient effect but it fades unless it affects the above News for Gold Gold News | Gold Market Analysis & Gold Investment Research - Gold Price Commentary & Forecasts
  11. Ammeo

    Central Bank Watch

    German court parks tank on ECB lawn, kills OMT bond rescue - Telegraph “The Court considers the OMT decision incompatible with primary law,” "...complicates any future recourse to quantitative easing if needed to head off Japanese-style deflation." “This is a massive attack on Europe’s rescue strategy. I do not know whether the markets have understood this yet,” said Clemens Fuest, head of Germany’s ZEW Institute. “I don’t think the ECB can activate the programme as long as the case remains open at the European Court,” “They taken away the ECB’s weaponry, and greatly increased the hurdle for QE. The ECB won’t be able to respond as another wave of deflation"
  12. Ammeo

    EURUSD Discussions

    Forecast.. EUR/USD Forecast February 10, 2014, Technical Analysis » Fx Empire Network
  13. Ammeo

    USDJPY Discussions

    Some Forecast of USDJPY for the week ahead... USD/JPY forecast for the week of February 10, 2014, Technical Analysis » Fx Empire Network
  14. Ammeo

    EURUSD Discussions

    Pair is very bullish now after the recent big jump, I have taken a long position now, i wish i was long before the jump, would have made me some healthy $$ but still much uppward potential left in the pair...
  15. Yup saw the chart, EURUSD could be sky rocketing for a while after the report for a few days..
  16. My Trading thought of the day would be "Go into the trade u are most sure of even if it is giving out smaller returns than some of the other ones out there".
  17. This is an interesting point of view from Business Insider on the NFP print tomorrow. http://www.businessinsider.com/how-markets-will-react-to-the-jobs-report-2014-2
  18. EURUSD---->1.3563 is the new daily pivot, it will get tested before NFP report. I don't see any moves outside of the range between daily PP and 1.3620 until the release
  19. AU area for longs Screenshot by Lightshot AN bullish zones Screenshot by Lightshot GBPCHF test zone http://prntscr.com/2po5tx JPYs breakout zone http://prntscr.com/2po607 Consolidated price with testing of lows and highs and no direction is bullish for all GBP pairs. http://prntscr.com/2po64u
  20. Ammeo

    EURUSD Discussions

    Exited all short positions.. It doesn't look it's going down atm..
  21. Daily Close Above 1248 - 1255 needed for bullish momentum S - 1248 - 1241 - 1230 - 1222(Close below bearish) R - 1255 - 1272(Close above bullish)
  22. Ammeo

    Central Bank Watch

    A trade deal would have been much better for strengthening EU's books. President Viktor Yanukovych seemed to have other plans but they backfired. Russian President Vladimir Putin assuring Ukrainians that Russia would honour a loan deal whatever government emerges in Kiev so at least Ukraine has some backing. Russia's deal on the table seems much solid which shows EU alone cant even match the might of Russia head to head leaving a very bad and weak image of EU.
  23. Ammeo

    USDJPY Discussions

    Found an article worth a read.. Forex: Japanese Yen Maintains Bullish Bias as Long as Fears Persist | DailyFX
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