Forex/Futures Outlook 07/31 - 08/01

greenback · 发表于 2012-7-31 06:21 PM

本帖最后由 greenback 于 2012-7-31 07:39 PM 编辑

Well, nothing much to update.

As planned last week, I have closed all my leveraged long positions before the possible actions/inactions by the central bankers, though still keeping 25% unleveraged long to ride potential breakout. The rest is bond funds and cash. Let's see which way it want to break out in the end.

Overall, traders are becoming a bit less bullish from reading the following charts.

greenback · 发表于 2012-7-31 06:22 PM

The bond traders are becoming a bit more bullish ...

greenback · 发表于 2012-7-31 06:25 PM

本帖最后由 greenback 于 2012-7-31 07:25 PM 编辑

Both CRUDE and GOLD are showing bearish actions. GOLD is forming a double top, CRUDE is trying to break down from the consolidation zone.

greenback · 发表于 2012-7-31 06:28 PM

本帖最后由 greenback 于 2012-7-31 07:29 PM 编辑

EURO made three pushups, time to try downward move?

JPY is consolidating here waiting to break out, the high-chance direction is more bullish.

GBP is still doing fine.

AUD remains as the best in town so far in risky assets.

greenback · 发表于 2012-7-31 06:38 PM

Given the wide-spread prediction that FED won't invoke QE3 tomorrow, I'm not sure whether SPX will tank much if we doesn't get QE3.

Maybe traders are paying more attention to what ECB can do. However, this morning's news from Germany was not pleasant for bulls, which erased all of EURO market's gain and some. Basically, Merkel's allies don't want ESM to have the bank status so it can borrow unlimited money from ECB to backdrop sovereign bond market. This has been one of the most important rumors poping up European markets last week. The price actions after the news today showed that traders are still pretty sure there would be something really big out of ECB on Thur. Well let's hope for the best.

Trading wide, risk control should always be placed as No. 1 on your priority list, and that's why I closed my leveraged longs.

chickencoop · 发表于 2012-7-31 07:23 PM

greenback 发表于 2012-7-31 07:38 PM
Given the wide-spread prediction that FED won't invoke QE3 tomorrow, I'm not sure whether SPX will t ...

thanks for the recap as always

bucks · 发表于 2012-7-31 08:16 PM

kdkboy · 发表于 2012-8-1 01:11 AM

Except Bond, all agree, don't understand why bond price still maintain at high level, a vision market will down?

开小差 · 发表于 2012-8-1 05:31 AM

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Forex/Futures Outlook 07/31 - 08/01

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