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  • Euro zone sentiment rises for fourth straight month in December

    From reuters.com

    Read Full Story at reuters.com

    Euro zone sentiment improved for a fourth consecutive month in December boosted by a rise in expectations to their strongest level since May 2011, as investors took heart from pledges by the European Central Bank and politicians to stand by the euro. Sentix research group said on Monday its index tracking investor sentiment in the euro zone strengthened to -16.8 from November's -18.8, though it fell short of expectations in a Reuters poll that mood would rise to -16.0. A sub-index of current euro zone sentiment rose modestly to -31.0 from -31.3, while the expectations component climbed significantly ... (full story)

    • Foren

      27 posts
    • hope this will help euro to bit at least 1.3100.

    • KevinThomas

      356 posts
    • Quoting Foren
      hope this will help euro to bit at least 1.3100.
      A bit??? I think EU will go to 1.2860 first, then will UP again

    • Pip_tracker

      610 posts
    • next important level is 1.2840/45. so....

    • Guest

      IP XXX.XXX.99.212
    • Foren, don't hope too much. There is an important resistance level at 1.3000

    • Gaaikema
      Gaaikema's Avatar

      372 posts
    • Kind of tight trading range so far...

    • TraderUSA

      809 posts
    • From -16.2 to -16.8, and you call it an improvement sentiment? Stupid article.

    • GoodsWoods

      5 posts
    • -16.2 was only the forecast; -18.8 was the previous sentiment.

    • Spreadbetter
      Spreadbetter's Avatar

        1,287 posts
    • Blimey, that'd be some improvement from -16.8, I'll set an alert.

      Quoting Pip_tracker
      next important level is 1.2840/45. so....

    • Spreadbetter
      Spreadbetter's Avatar

        1,287 posts
    • valid point, have you noticed that since the onset of the great recession we're encouraged to cheerlead every micro percentage movement? In the UK news that the economy has improved by 0.1% even makes the mainstream channels

      Quoting TraderUSA
      From -16.2 to -16.8, and you call it an improvement sentiment? Stupid article.

    • Guest

      IP XXX.XXX.139.242
    • i think next target is 1.2820

    • jaygee

      1,995 posts
    • held the 4h200. hl/hh's on short term

    • Spreadbetter
      Spreadbetter's Avatar

        1,287 posts
    • Still falls far short of any significant improvement, you couldn't even class it as a dead cat bounce.

      Quoting GoodsWoods
      -16.2 was only the forecast; -18.8 was the previous sentiment.

    • jaygee

      1,995 posts
    • sell eur/usd 2890 long at 2930. looks like this might be going higher.

    • Spreadbetter
      Spreadbetter's Avatar

        1,287 posts
    • lol...did you drop your Ambient Stock Orb?

      Quoting jaygee
      sell eur/usd 2890 long at 2930. looks like this might be going higher.

    • jaygee

      1,995 posts
    • couple of lower tf sell signals. still not short here yet.

    • BaitUp

      171 posts
    • Hey jaygee, Did you get short or are you still on the sidelines? I couldn't wait any longer and took a short at 1.2936 with a 1.296 stop. Looks good...we''ll see....

    • jaygee

      1,995 posts
    • not yet bait. stopped on the utl here. looks lower though. no stimulus for lower i can see yet either. in the back of me head is fiscal cliff solution i keep waiting to hear about. no reason to get too involved here. got 40 overnight. 2936 looks good. was gonna nail 40. maybe a breakeven stop might be ok too. gl with it

    • jaygee

      1,995 posts
    • that was the first lower low on the 5m. might be a stop run but look at the hammer forming on the 15m. 3 mins til close

    • Guest

      IP XXX.XX.79.5
    • You might be able to knock the euro down, but it keeps fighting to go back up! I don't agree with a stronger euro...but the market apparently wants it higher!

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