EURUSD - Trends, Forecasts and Implications (Part 1) - page 16
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Or are there a lot of bai?
If you knew how the price was going, you wouldn't be asking these questions :)
If you knew how the price was going, you wouldn't be asking these questions :)
You tell your ideas better)
Comment by TT http://www.teletrade.ru/analytics/forexnews/
16.09 07:42 GMT
Order board (orders of the largest investors according to the Swiss bank UBS):
EUR/USD
Sell orders:$1.4710, $1.4750/60
Buy orders: $1.4660/50
//-----------------------------
Looks like orders from 1.4710 are already working out.....
Approaching buy orders $1.4660/50
EURUSD,H1
You tell your ideas better)
>> I'm selling ideas before I save up for a deposit.
And theorver says down. If you take a 9 day bounce of 408 pips, that much or more has only been 83 times in 7 years.
"for what it's worth"
autochartis' prediction:
this shaitan has never once lied to me before (it has sometimes fallen short, but in general it has not lied)
VTB commentary
So, today the Euro-dollar is safely storming 1.47, so far the high is shown at 1.4712. The Dow Jones index also hit another high of the year yesterday, closing at 9683, +0.59%. The Dow futures are now showing +0.43%. Gold is already trading at $1,018 per troy ounce and oil is at previous levels, $70.80 per barrel WTI.
And only the Chinese stock market showed a marked decline today, the Shanghai index fell 1.12% to 2999. But for some reason the analytical newswires don't pay attention to this now, although previously the movements of almost all markets were "explained" by the movements of the Shanghai index. With regard to China, it is worthwhile to remember that the renminbi is basically tied to the dollar and that a decline of the dollar would not only mean a strengthening of the price competitiveness of American goods on the world market, but also a simultaneous strengthening of the competitiveness of Chinese goods. As for the common allegation that China is interested in a strong dollar because it holds its reserves in them, this is incorrect for the simple reason that China's reserves are diversified. As we know, China's reserves, which exceed $2 trillion, are made up of savings in different currencies. As of the end of June, China held $776.4 billion in US Treasuries (the world's number one). (number one in the world) and it must be assumed that almost all of China's dollar assets are held in Treasuries. But the rest of the funds are in other currencies, so China will not suffer from a devaluation of the dollar. On the contrary, if reserves are valued in dollars, then dollar assets would be worth as much under devaluation, while non-dollar assets would grow in dollars and the total reserves valuation would only increase. It cannot therefore be ruled out that China is behind the big players now devaluing the dollar, especially if you remember how many anti-dollar speeches we have heard from Chinese representatives over the past year.
It is also clear that the depreciation of the dollar is not being carried out without the agreement of the US. As we have written many times, the US Treasury used the liquidity crisis, the risk aversion and the rising dollar to raise capital, which it used to solve problems in its financial sector. Now the US economy needs a weak dollar to support its industry, at the same time the US Treasury has reduced its fundraising. Thus, we wrote in the last newsletter that a net redemption of 21.4 billion USD on the regular bills is expected this week, with the settlement date on Thursday. Yesterday at 19.00 there were no new placements announced, which means a net redemption in the mentioned volume will indeed take place tomorrow, there will be more dollar liquidity on the market, which should negatively affect the US currency exchange rate.
We still expect the Euro-dollar to reach 1.49 in the coming days.
Market analysis
Alexei Mikheev, Analyst at VTB 24
Fresh comment from VTB
..... ....
Also, pay attention to VTB shares, which lately have significantly underperformed Sberbank, and which have all chances to catch up if they overcome the resistance level at 0.0500 RUR.
VTB, M30 - current situation