![]() Impact News today: 04:30 am (NY) GBP – Claimant Count ChangeĠ5:30 am (NY) GBP – King Speaks Inflation ReportĠ2:00 pm (NY) USD – FOMC Meeting Minutes. The talk of doom and gloom in the papers often scare investor away or having investors selling out of their shares at dirt cheap prices while the big boys mopping up the bargains. Now, as traders you got to be careful of what you read or listen to in the media. So, the higher they push the harder is the fall…unless ****s hit the fan then all bets are off. It is therefore in my opinion, I believe the USD will head lower as FED will keep stimulus the economy and so they will probably keep the USD lower for sometimes. Remember we are now in a global competition, the competiveness of good exports to other country is getting harder and with high currencies will surely dampen the chance of export industry and in turn would slow the recovery. Then what would be the likely hood of USD? The USD has been rallying hard of late against CHF would certainly head back lower. Now when they do announce of some sort of deals, of ways to avoid this obstacle, believe me, it will rally the stock market, commodities and risk currencies: GBP, AUD, CAD, EUR. This problem has been there for years and yet, they have been sitting on it for so long and now if they just let it happens I will be surely dumb struck. I am certain they will do something to not allowing this to happen. Let face it, I personally don’t think and in any possible term of comprehension seeing the US government allow such horrendous thing to happen to the already ailing market. ![]() ![]() Ok, today I want to discuss about the Fiscal Cliff that put investors on edge. Hope it will help you gain more pips everyday. I will update daily signals and strategies by our myfxpedia professional team.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |