Last week's FOMC indicated that the FED is planning to keep rates extremely low until 2014. This announcement gave big boost to the gold . Also crosses like AUDUSD,GBPUSD and EURUSD rose taking advantage of the weak dollar.
At the moment i am short in GBPUSD and long in AUDUSD(i have also a long EURCHF strategic position which i will discussed in another article). I believe that GBPUSD will go higher so i wont wait to get stopped. Instead i will take advatage of any pullbacks and try to close it around 1.56. As it concer AUDUSD i will close at 1.07 only the one that i have opened at market around 1.03. The second i will leave it running.The only worrying thing as it concerns AUD is that BOA will announce rate this week and market anticipates a cut. I willl pay great attention on this and wait to see how the currency reacts after the announcement.
I will also go long this week in EURUSD at 1.3150 with a s/l 1.29 and t/p 1.35. I believe that EURUSd is getting ready for a nice short squeeze rally.
At the moment i am short in GBPUSD and long in AUDUSD(i have also a long EURCHF strategic position which i will discussed in another article). I believe that GBPUSD will go higher so i wont wait to get stopped. Instead i will take advatage of any pullbacks and try to close it around 1.56. As it concer AUDUSD i will close at 1.07 only the one that i have opened at market around 1.03. The second i will leave it running.The only worrying thing as it concerns AUD is that BOA will announce rate this week and market anticipates a cut. I willl pay great attention on this and wait to see how the currency reacts after the announcement.
I will also go long this week in EURUSD at 1.3150 with a s/l 1.29 and t/p 1.35. I believe that EURUSd is getting ready for a nice short squeeze rally.
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