I'm going long from current levels - seems to be garnering some support here.... Lets see where it runs to - I'm looking for 1.2250 initially. Unless of course the Consumer Confidence comes out crazily strong - although these numbers impact in general seems to be dimmed lately as the trend is king. I think the statement from the FED is still the hot item for the week and with momentum dying lately lets see if it is a tad more dovish, if not, then we could be heading lower sooner than later.
Did you read your Jack today? I did. I'm long on everything except Euro. Long GBP Long AUD Long NZD Gimme yield, baby!
Yeah I read it - GBP long seem a good play it has built quite a base from which to launch - 3 hourly support needs to hold though. (I'm also long there) AUD was just smacked down... not quite sure why?
Because I believe the dollar is due for a correction - broadly based. And I want to hold on to the yield while I wait for it to happen. I'm a patient man!
What's the number of pips equivalent for the yield gained by holding AUD or GBP vs dollar, say over a week's time? What's the shorthand way of eyeballing that?
Long Aussie at around 7650. And Skalpz, I don't know how many points, but I believe it's coming. I'm no oracle, though.
Thanks for the link! So if I'm using this right, you're getting a little over 3 pips a week in holding AUD/USD? Be careful if CRB starts going down the toilet.