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Now, my eye is now on Pound. There is interest rate decision later during European session. If they stay at the current interest rate, they're likely to face the same fate as EURO - depreciation. Pound pairs GBPUSD EURGBP GBPJPY GBPCHF GBPAUD GBPNZD

News after the interest rate rise and Future prospect of US dollars Gold moves lower as Fed hikes interest rates http://www.marketwatch.com/story/gold-crawls-up-from-10-month-lows-ahead-of-fed-decision-2016-12-14 Fed lifts, sees three increases in 2017...

Merry Christmas everyone :) Long for USDJPY Short for GBPUSD, EURUSD, AUDUSD and NZDUSD.

EURUSD is overvalued still...and so is GBPUSD and NZDUSD whereas AUDUSD is undervalued - possibly...thus, AUDUSD may not depreciate as much as others. On the hand, USDCAD and USDJPY, speculators were on short-positions to prevent prices going excessively high prior to the announcement... I...

Tomorrow there will be only 2 outcomes - either raise the interest rate or again delay the decision. According to my secondary research, there is 95 % chance they will raise the rate tomorrow. I have got a good motivation to take the risk. And it's the primary reason why I have taken on the PhD...

Not the market order, I meant stop/limit orders

I will get back to you sometime today. Today, the commission releases COT report. I have to analyze it first

Lawson, I wouldn't hold that position now if I were you. Euro will likely to appreciate first until the announcement tomorrow. Better open a short position just around the announcement

So Feb Reserve actually indicated four further interest rate rises last year ...but they haven't even done one this year. http://www.telegraph.co.uk/business/2016/12/10/us-federal-reserve-poised-raise-interest-rates-trump-era-looms/

Mr. Maverick, Will you take long positions only for short-term (daily closing) or will you take some long positions for longer than a day this time at the announcement this week?

Yes, that was last year around this time :) I hope it's not just going to be a rally this time. On weekly chart for USDJPY, US dollar is definitely regaining it's strength. Could re-test 126 level again

http://www.wsj.com/articles/cash-starved-zimbabweans-trade-dollars-for-dollarsat-fluctuating-rates-1480428000 I think it's different in Zimbabwe. Looks like the corrupted govt is trying to print off more Zimbabwean notes in the future to replace US dollars since they are short of US dollars to...

Maverick please don't worry about my previous question because I don't think the interest rate change in US will have the same impact as Brexit since its gap is not as big as Brexit one :) Although I knew ECB was not going to change the rate through the secondary research, with their higher...

I have closed all my small positions. Market opens with gaps and gaps can be seen on upto 30 minute time frames - EURUSD, AUDUSD, NZDUSD, GBPUSD, USDJPY, USDCAD but not on USDCHF, Gold and Silver ... I can even observe gaps on some cross like EURGBP strange... Anyway, I think it is an...

Zimbabwe have not...they have recently printed new notes and their dollar has the same parity as US dollar i.e. their 1 zimbabwe dollar = 1 US dollar So I expect with strong US dollar coming, smart people in Zimbabwe are exchanging Zimbabwe dollar for US dollar while they can :) a phenomenon...

I am currently developing strategies for optimal set limit/stop orders for both short term and long term holdings for the meeting this week. I will not do any small trades this week to catch the big one :) [An interesting article] EUR/USD is likely to find support at 1.0592 levels and...

In another thread, someone is saying that US interest rate change could bring the same level of impact as Brexit. I know it's been 10 years since they last raised the interest rate but do you expect that it will bring the same price impact as Brexit, Maverick?

A good future reference for next year's elections across world: https://www.elitetrader.com/et/threads/how-long-is-this-bull-market-going-to-last.305059/ There is so much good information being shared on ET and I love it!

Another good discussion on the following thread and it's on gold: https://www.elitetrader.com/et/threads/gold-unfazed-by-the-fed.305052/ and this is also a good thread and Mav's sharing this thought of next week's US dollar move and I couldn't agree more :)...

An interesting discussion on employment is going on the following thread: https://www.elitetrader.com/et/threads/trump-says-softbank-will-invest-50-billion-in-the-us.304956/page-4 Surely, the govt will increase the interest rate next week :)