We are looking at UJ drama but dont be fool by it , UJ MUSIC wont last . It's about time to go long on UJ, we've decided to to long from 108.590 and tp@ 111.937 :) we just added a new SL @ 109.100 (Finger crossed) I heard you clearing your throat :) stop mocking! join the boat instead - will you? See you at the top Note: Incase you are wondering about...
It is so easy to come up with profligacy or a bogus theories of what triggers dollars up moves : Hurricane Harvey = equals compassion, N. Korea's missiles launching gimmicks = weakness... oil plants evacuations influence = equals oil down - dollar up, Arabs on Holiday = equals oil weakness etc BUT! I wont discuss any theory to back up my chart - my apologies! ...
After three consistent outstanding weeks of positive growth, gold was trading at $1256.56 per ounce, but now falling for the first time. Just last week, gold was trading at $1267.27 per ounce. Last Friday US economic data was stronger than expected showing an addition of 209,000 new jobs in July alone - which surpasses the expectation
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
USDJPY STILL VERY WEAK - Will kiss 107.666 * I have took 3 TPs so far my last TP is set for 107.667 - finger crossed :)
If Fed rate hike will cost consumers $1.6 billion in credit card interest - you all know what that means- right? in one word = SHORT!