ian_arifin

The euro is a doomed currency
 
Lars Seier Christensen, co-founder and co-CEO of Saxo Bank, believes the euro is a doomed currency and in an interview with TradingFloor.com he explains why the recent rally in the euro is little more than an illusion.
 
Lars believes the euro was based on unsound foundations from the start and says that unless major changes are made, the currency union will continue to run into problems. “Many people knew about it but were hoping that as the project continued to move forward, some of the necessary foundations would be put in place such as joint debt issuing, bigger transfers and fiscal union. It’s quite clear that the population of Europe is not ready for it; they don’t want it and now what is left is a euro without a foundation,” he says.
 
As a result, Lars warns investors should be very wary of being long the euro and cautious when investing in euro-based assets. “Bond markets are very overvalued in some Eurozone countries and obviously very speculative and dangerous in other areas,” says Lars.
 
When asked about the German election in September, Lars says he expects Angela Merkel to comfortably win a third term, but warns it could be the last time the German electorate support the status quo. “This election is the last one that will not be a game changer because the pain is not being felt enough in Germany yet to lead to a massive public reaction. Merkel will get through with her mandate reasonably in place. But that’s the last time you are really going to get away with keeping the Germans quiet. There is clearly a change in sentiment. I just don’t think it’s strong enough to mean something at this election.”
 
Lars Seier Christensen will be speaking about the Eurozone crisis at the #FXDebates event in London on May 7. To secure a place at this exclusive event, visit fxdebates.co.uk.
 
http://www.tradingfloor.com/posts/euro-doomed-currency-1732922846

USDJPY Intermediate-Term Bearish
Target price range: 75.2 - 75.7
 
Tells Me: The price broke downward out of a trading range suggesting we're entering a new downtrend. The Downside Breakout represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, a downside breakout through the lower support line signals an end to the consolidation period and the start of a downtrend.
 
Check out the details here: http://lnk.recognia.com/KJ
 
Got this from free Saxo downloadable platform

Apple is coming up with 32 and 37 inch tv called iTV in 1Q12 and samsung is producing chips for the iTVs. Apple has launched Apple TV in 2006 but it flopped, see how it goes next quarter.

Charts
 
I also like the charts in Saxo, they have almost everything from BB, SAR, ADX, PKS, MAC, RSI, MA, Fibo, etc. the workspaces are also customisable, can just drag the tabs everywhere, i can put 6 charts in 1 screen along with the technical indicators. everythings just drag and drop.
 
CFD can access most of major exchanges from US, UK, Europe, Asia. The Singapore and hongkong commissions are also cheaper

from my experience, saxo singapore is under the regulation of monetary authority of singapore where they have to place customer's finds in segregated account so money is protected. so there is a separation between customers funds and company asset. i feel safer trading with a regulated broker instead of unregulated or overseas broker

The forecast from Imr looks pretty impressive.
 
Usually i use Saxo technical analysis tool, it's very handy!! here is what i found on S&P
 
Summary:
9 bullish
2 bearish
 
support: 1263.85
resistance: 1331.09
 
 
SHORT TERM: 2-6 weeks
2 bullish
1 bearish
support: 1263.85
resistance: 1292.66
 
INTERMEDIATE: 6-9 months
4 bullish
1 bearish
support: 1263.85
resistance: 1331.09

I heard they are IB for FXCM, I wonder if they have office in Asia, Indonesia particularly???