Jump to content
  • 0
Sign in to follow this  

EUR/USD

Question

There was a news 10th Aug about CPI/Core CPI due that had a strong sell trend for EUR/USD. What can expect on the 01st day of marker opening, 13th August?

Share this post


Link to post

5 answers to this question

Recommended Posts

  • 0

Hi @Prabath, perhaps you could start us off by telling us what you think will happen on Monday open?

The CPI data came in more or less as forecast so need to look further for the cause of the eurusd breaking major support and US dollar basket (dxy) breaking major resistance.

The two big stories of the day were the euro banks very large exposure to a Turk default on currency loans and the deepening trade tariff tiff between China and the US.

 

  • Thanks 1

Share this post


Link to post
  • 0

eurusd  relatively resent floor (Dec 2016-Jan 2017) was 1.04,  it certainly has a way to go, fuelled by a sell off of other assets. The counterweight to that are the rumors of ditching usd for payments by some countries due to sanctions (plus signs  like russia off-loaded its $90b UST stash this year), so it works both ways.

  • Thanks 1

Share this post


Link to post
  • 0

Hi @Caseynotes

Thanks for your prompt reply.

I predict Buying trend for 1.15 and it might go down.

What is your prediction?

Edited by Prabath

Share this post


Link to post
  • 0
On 8/11/2018 at 8:54 PM, Prabath said:

Hi @Caseynotes

Thanks for your prompt reply.

I predict Buying trend for 1.15 and it might go down.

What is your prediction?

Hi, Can you really see the eur/usd go down to 1.15? I have not seen this low ? 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,725
    • Total Posts
      65,291
    • Total Members
      86,089
    Newest Member
    DomFee
    Joined 19/10/20 21:34
  • Posts

    • I generally make the minimum number of trades per month to maintain the reduced fees and waive the quarterly charge. I think DRIP has been requested for a good number of years, but I suspect catering for the whims of share dealers/investors isn't very high on IG's list of priorities. Fundamentally, IG is a SB/CFD provider and that is likely where it makes the bulk of its money and thus where it mainly focuses its development (though looking at the forum, I sometimes wonder if it is really developing that side of things all that much either).
    • I called up their customer service to inquire about this and I've been told that it is not available in the foreseeable future. Ironically, this is due to the less demand for it, or so I've been told. Anyway, it is a massive disappointment for small investors like us, that a chunk of our investment goes into the fees such as the quarterly maintenance fee and the service that we get is horrible.  I think the best course of action that you could do is to just manually reinvest your dividend into shares that you like, in which IG would earn a commission fee. Another option would be to just wait until you have a significant dividend and then reinvest it on a quarterly basis so you only have to pay the commission fee once every quarter.  Personally, if I have shares that earn monthly dividends, I would just manually reinvest it every month so it will compound. By paying the commission every month, at least you don't have to pay the quarterly maintenance in lieu of the three transaction that you will do every month.
    • I fear that my online love affair with the Nikkei may be ending.    
×
×