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Showing posts from February, 2014

My thought on XAG(Silver) fundamental analysis 26 Feb 2014

The recent boost of Silver price seem to be indicating a change of view sentiment for the global market as the USA, UK, China and Japan are showing slow or negative growth in certain area. This combine with extremely bad news from emerging countries had prompted a run to safety like SWISS and Precious metal. Going forward for next week, as long USA market remain suppress due to weather(?) I would be Long Gold,silver and short everything else. PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.

My thought on YUAN Renminbi(CNY) fundamental analysis 23 Feb 2014

The current sentiment for China seem to have shifted from Great to Slow growth and some said Crashing Soon(?). Due to the recent China government clamping on the "shadow banking" and corruption, there is a suddenly lack of credit flowing in the China market. This might be short lived as the government might start their own easing and rescuing of failing investment product, but this also point to a greater issue that China is not doing well and rely heavily on credit and loans to support its economic. This had also lead to a sudden migration of rich China people and might cause further drain on the economic. While correcting shadow banking and corruption is a good thing, in the short run we should not be betting on a recovery on the China market. Going forward for next week, I would short AUD and anything that rely on China for export . Also I am bullish on Silver even if China might not be able to import as much metal this year. I am hopefully that the Western mark

My thought on XAU(GOLD) fundamental analysis 23 Feb 2014

The recent boost of Gold price seem to be indicating a change of view sentiment for Gold from Short to Long. This seem to be caused by the bad news from major countries(USA, EUR, GBP and CHINA) with extremely bad news from emerging countries which prompted a run to safety like YEN and Precious metal. One key problem with China is that while bad data from China would trigger an escape to safety but they are also the major importer of Gold. If USA return to normal next week while China still stuck with their shadow banking and credit crushing, we might see a dip for Gold and another sentiment change. Going forward for next week, as long USA market remain suppress due to weather? I would be Long Gold,silver and short everything else. PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.

My thought on GBP(pound) fundamental analysis 21 Feb 2014

The GBP fundamentals is depressing from the string of lower then expectation data that came out from UK for this few months. CPI 1.9% PPI -0.9% Unemployment rate 7.2% The latest labor data from UK rose from 7.1 per cent to 7.2 percent which is not bad but due to the high expectation of rate hike, many was disappointed. I am now doubting if the recovery seem from UK last year(2013 Dec) was sustainable and now are awaiting for more UK data and hopefully that March would bring better news. Currently closing all GBP position and Longing silver (risk averse mode on!). PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.