Suggest me. Lets trade wisely.
Hello Traders,
I am looking for trade USD versus another economies like EUR/USD and USD/CAD and i'm using mostly fundamental analisys.
So, if the US economy setup a new Monetary Easing (QE3) the US value will appreciate versus Gold, example.
Depending of speech of Ben Bernanke, is the US to hit higher prices so the pair XAU/USD will follow a downtrend zone for September?
Someone suggest how would be a nice setup for 1st of September?
Lets follow the logic of the market.
If you US up
So, Gold will be in downtrend
And pairs like USD/CAD, USD/CHF will be in up.
Thanks,Igor
QE3 will make US to weaken against other currencies. according to what I have read on different sources. I dun think it will appreciate vs gold.
Stick to your rules
Originally posted by uniquetraderQE3 will make US to weaken against other currencies. according to what I have read on different sources. I dun think it will appreciate vs gold.
Thanks 'uniquetrader'
:)
Btw how do u think it will appreciate gold us dollar? I mean have u read it in any financial paper or is it just ur opinion?
Stick to your rules
Originally posted by uniquetrader:)
Btw how do u think it will appreciate gold us dollar? I mean have u read it in any financial paper or is it just ur opinion?
I was just thinking.. I shall agree with you, if exist QE3 so you will see a depreciation on dollar.
I am not much into news but by searching on google I came to know that most discussions r about whether there is any chance of QE3 or not. According to latest news chances r diminishing.
Originally posted by SashaI am not much into news but by searching on google I came to know that most discussions r about whether there is any chance of QE3 or not. According to latest news chances r diminishing.
Thanks Sasha.
i am also newbie in forex trading and not have any experience in forex trading but i followed the forums users and also read their post for increasing my knowledge.
Originally posted by kubii am also newbie in forex trading and not have any experience in forex trading but i followed the forums users and also read their post for increasing my knowledge.
I agree with u. Forums r the best way to learn new things.
@IBIronFx --> QE3 is some kind of financial policy. right?
Originally posted by Champ
Originally posted by kubi
i am also newbie in forex trading and not have any experience in forex trading but i followed the forums users and also read their post for increasing my knowledge.
I agree with u. Forums r the best way to learn new things.
@IBIronFx --> QE3 is some kind of financial policy. right?
Hello Champ, yes QE3 is a financial policy.
If applied it can possible the USD could go down vs. Gold.
Originally posted by Champ
Originally posted by kubi
i am also newbie in forex trading and not have any experience in forex trading but i followed the forums users and also read their post for increasing my knowledge.
I agree with u. Forums r the best way to learn new things.
@IBIronFx --> QE3 is some kind of financial policy. right?
Yes and some sources r of the view that there is minor chance of it. It will affect gold badly and that is why U.S is trying to avoid it.