GreedyTrader

GreedyTrader Mar 15, 2015

The US Dollar continues to strengthen in the face of a potential interest rate hike. The FED continues to run out of excuses not to raise rates. IS is also a reason why Oil will fall, cheaper Oil means terrorism can't exactly profit from high Oil prices. The politics will ensure Oil is low for the foreseeable future. Down we go!

GreedyTrader Mar 3, 2015

Microsoft has been performing poorly compared to the other NASDAQ stocks. I always had the idea to short the weak movers. 38.2% retracement, 200ma. I was a nice optimum trade.

GreedyTrader Feb 7, 2015

The UK has its inflation report next week. I personally think Core inflation will come in lower. Headline inflation is forecastedto rise suggesting that demand for basic goods and services are not as strong as the BoE will have us believe. The Dollar continues to rise. NFP gave the USD a big boost on Friday and the FED remains on course to hike rates this year.

GreedyTrader Jan 23, 2015

Oil continues to fall amid a strong US Dollar and environment where capital flows are heading for safe havens. Bonds in Europe are being snapped up, even the Yen has attracted buying. The economic recovery in the West demands cheaper commodities, so it is unlikely we will see Oil buying soon. I won't be suprised to see Oil $35 a barrel.

GreedyTrader Jan 17, 2015

Gold and the USD are decoupling from the inverse relationship. Gold is rising due to the Eurozone actions and the latest announcement from the SNB. All of a sudden we are almost sure Gold will be back at the $1300/Oz area. It's time to get bullish.

GreedyTrader Jan 11, 2015

The Economic recovery in the west is important especially with weakening demand in Europe and a fragile US recovery dependent on consumer spending and business confidence. Oil at $40 a barrel will be a welcome relief, even $30 a barrel is not unreasonable seeing in 2002 that was where Oil sat. Frankly $100 a barrel was too much.

GreedyTrader Jan 10, 2015

We all know investors have been accumulating physical Gold not reflected in the spot market price. In the near term investors want to see what the FED will do later this year. For now safe haven demand is still there. Come long term after a rate hike and the US economy holds, then we will see Gold sold off and we may see $1000 Oz before 2016. Neutral for now the...

GreedyTrader Jan 10, 2015

Rate of inflation has been falling since June 2014. A total of 0.9% damaging any prospects we will see a rate increase near term. The Yen remains weak against the Dollar due to monetary policy divergence but with the sovereign debt crsis remerging in Europe, the Yen will even out against the European currencies. Potential Crab setting up, we could see 176.16...

GreedyTrader Jan 3, 2015

Technicals are still somewhat short but we must break out of this minor range 1.0528 and 1.0439 to decide on potential direction.

GreedyTrader Jan 3, 2015

Just before Christmas teh RBA Governor wanted to see the Aussie at 75c and was quite open about that fact. So I can't really be Aussie centric at this point. The Dollar remains strong and is likely till that rate decision rares its head. The pair looks to be in a 5th subwave of the AB=CD. We see that nice pivot indicating a shallow 4th wave completion. If I am...

GreedyTrader Jan 3, 2015

The Euro is definitely looking lower, the big question is, how much lower? The Euro zone could benefit from a lower priced Euro, this will boost German and French exports. In Greece it is unlikely Syriza will win an outright victory in the Elections so perhaps a coalition is on the cards which may not have an impact on the Eurozone at all. On the other hand...

GreedyTrader Dec 23, 2014

It is clear the world needs cheaper oil prices not only does this put pressure on those middle eastern countries that were using oil proceeds to fund terrorism but this sends a clear message to the Eastern powers that the world will not stand by idly while foreign nations invade each other to benefit from commodity prices. Commodities are still priced in US...

GreedyTrader Oct 8, 2014

We have a potential Bat or Gartley setup on the technical side. I believe employment is on the Aussie agenda with unemployment set to increase slightly. There is no good news out of the land of Oz. That coupled with technicals, it is South I am afraid...

GreedyTrader Oct 8, 2014

The Euro has been oversold for weeks with investors expecting a rally a failure for the Euro to rally will expose 1.2000 levels, its all time low. This may not be hard to believe seeing the Eurozone is in a mess. So what will send the Euro higher versus an almost unstoppable Dollar. Ultimately the technical side suggests a long position to 1.2779. the structure...

GreedyTrader Oct 7, 2014

Fundamentally the Euro is pretty weak so I expect the downtrend to contionue but in the next coming days I expect the Aussie to be weaker. We have just completed a 5 wave movement and an A correction, so we should see a B into the 50% fib area followed by a C correction to 1.4570 and possibly to 1.5015.