Euro/Dollar Options Up After S&P Downgrade | Forex Factory

Euro/Dollar Options Up After S&P Downgrade | Forex Factory

Euro/Dollar Options Up After S&P Downgrade

From efxnews.com

Euro/dollar options rose Monday in Asia as investors believe the single currency will keep falling due to concerns over further sovereign debt downgrades. Standard & Poor's move to downgrade the sovereign ratings of European nations including France and Italy on Friday has made investors worried that Moody's Investors Service may follow suit, which would further weigh on the euro, traders said. Such concerns prompted options traders to buy hedging contracts against the euro's downside risks, leading to higher implied volatilities. Earlier in the day, an investor bought one-month at-the-money straddles at 12.4%, the ... (full story)

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Jan 16, 2012 1:14am

covs67. Don't listen to those stupid gambler. They are not traders, they are gambler, they know nothing, they buy and sell stupidly. Be careful, learn to trade with knowledge and with experience. Learn well first then trade later. Start out slowly. Right now Eur go to hell don't buy no more.

Jan 16, 2012 10:51am

If you come to these forums BEGGING for others to make your trade calls for you, then you KNOW your $ is part of the 95% losing $.

The best advice anyone can give you is this:
trade a demo account until you don't have to beg others for a trade call. Even if someone "gives" you the right play, you still won't know how to manage the trade. Slow down, be patient, read & watch more. Study charting & interpretation always!

If you don't know what to do & why to do it....you are simply rolling dice & purely gambling. Worse yet, many of you are letting someone else roll your dice...

Jan 16, 2012 2:36am

Quoting covs67

Disliked

wow,i'm already losing a hell of money because i bought EUR/USD @1.2860 since friday,someone help me on what to do in other to regain this money!

Ignored

This is exactly how people lose money on Forex. You should bite the bullet and cut your loss. Sure, € will regain, but who knows how deep will it fall before it does. Do you want to risk a margin call?

Jan 16, 2012 1:58am

The pair started off this week by hitting a low at 97.03, 11-year low, and remained around that level during the Asian session. As the European morning progresses, the EUR/JPY is bouncing to Asian highs at 97.36, ahead of Friday’s close at 97.53.

About the pair that is starting this week in vulnerable position, Commerzbank analyst Karen Jones says: “Our target is 94.92, the May 2000 low. Please note that we have an additional 95.90/40 downside target from the 60 minute point and figure chart and a 95.00 downside target from the daily point and figure chart. Longer term a move below 94.90 would target the 88.97/2000 low”.

Jan 16, 2012 11:33am

Quoting covs67

Disliked

wow,i'm already losing a hell of money because i bought EUR/USD @1.2860 since friday,someone help me on what to do in other to regain this money!

Ignored

Hold, while u can watch a movie, maybe "Margin Call"

Jan 16, 2012 1:54am

Iranian conflict escalating, Moody's downgrading, Greek tax a bargain's, EFSF expected downgrading. These not euro strengthening situations.

Jan 16, 2012 2:40am

#ECB said to be buying Italian, Spanish government bonds

Jan 16, 2012 9:46pm

@covs67

Quoting covs67

Disliked

wow,i'm already losing a hell of money because i bought EUR/USD @1.2860 since friday,someone help me on what to do in other to regain this money!

Ignored

since you post that you lost a hell of money b'coz you bought eur/usd, i started to take order long also, cause stochatic sign told me it should be long. However, now sentimental about S&P announcement is that "Greek Default Imminent"...how should believe S&P right now?

Jan 16, 2012 1:05am

Well if the speculator are selling then the eur will rise, because the markets cause the most pain to the most traders. I have already seen some spike candles on the EURUSD with big volume so I assume we have some buying going on around the 1.26 area, maybe another 2 pushes down then I think we can see a climb to maybe 1.30. The level the EURUSD has to break and close above is 1.26646

Jan 16, 2012 1:28am

COVS67, These guys are minute traders and giving advice to suit. EUR$ at 1.2650 area is no mans land, holds above 2666 you are ok, if breaks 2600 heading for a big slide. My feeling is risk is to downside as price has taken in the downgrades but not the imminent greek 'car crash' that is about to happen..good luck

Trader#EA30

Jan 16, 2012 2:01am

@ covs67: If you still have enough margin to hold the floating lost point..just wait until 3rd month of this year..i think it can possibly touch back to where your point was..But, it depends on how good the economy of EURO running.. Just opinion.. May luck be with you..

Jan 16, 2012 11:33am

Quoting g_d10a9ff8

Disliked

@ covs67: If you still have enough margin to hold the floating lost point..just wait until 3rd month of this year..i think it can possibly touch back to where your point was..But, it depends on how good the economy of EURO running.. Just opinion.. May luck be with you..

Ignored

Why would anyone give this advice to a leveraged trader????

If you are normally a profitable trader, (which by giving or listening to advice like this you are not), then how many profitable trades would you have to make to earn back your loses?? Could you achieve this before March?? What if March arrives & finds price headed towards parity w/out ample retrace near 1.29??

Instead of sitting in front of your monitor acting like a cheerleader for your crippled long, you should be spending your energy figuring out how/why you entered your long @ the height of the market! That's how you grow.
Will you advise someone to hold, possibly even fund the loss??

Blind leading the blind to slaughter!

"'It's better to be out of a trade wishing you were in, than it is to be in a trade wishing you were out of it!"
---smart trader w/ patience

You must discover WHY you made the losing trade you made. Why dod you enter long @ the exact point where the market went short???
You want education & profitable trades...look no further than your own desk! Mistakes are golden opportunities for advancement...or they can cause you shame. Your choice.

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Jan 16, 2012 2:32am

covs67. Don't listen to those stupid gambler. They are not traders, they are gambler, they know nothing, they buy and sell stupidly. Be careful, learn to trade with knowledge and with experience. Learn well first then trade later. Start out slowly. Right now Eur go to hell don't buy no more

TraderUSA before you call anyone a stupid gambler, look at some of my calls on this forum before the price even got to the area, I call very often the day and the price level.

Jan 16, 2012 4:51am

Dutch auction results….. Holland sells Eur 3.210 bln out of a target of Eur 3-5 bln
Written by Joe Brown
January 16, 2012 at 10:45 GMT

Sold Eur 2.19 bln of April 2012 DTC,, yield 0.011% ( vs %), cover 2.51 (vs 2.3)

Sold Eur 1.02bln of June 2012 DTC, yield 0.013% (vs 0.009%), cover 4.0 (vs 2.81)

Jan 16, 2012 10:11am

1.3072-1.2666 from 4jan to9jan the eur/usd has maintained its level between this 2 level for any significant move i feel it has to breech this levels with good volume would appriciate conf/refutal of my obs i m a new be and m practising on a demo a/c

Jan 16, 2012 10:59am

i'm still on big bear at the moment. Don't even bother longing until it reach low low. Damn last Friday 13th, had thought it will ramp up to 1.29, so close yet so far.

Had long from 1.269 to 1.287, then switch to short - no regrets so far

Jan 16, 2012 11:04am

Quoting Guest

Disliked

Pls what is the implication? buy or sell euro?

Ignored

If you are asking a question, at least get yourself registered. I'm still learning like a lot of people but get registered before asking. No offence but just being polite

Jan 16, 2012 10:16pm

Quoting bigslice54

Disliked

You must discover WHY you made the losing trade you made. Why dod you enter long @ the exact point where the market went short???
You want education & profitable trades...look no further than your own desk! Mistakes are golden opportunities for advancement...or they can cause you shame. Your choice.

Ignored

Amen!

Jan 16, 2012 3:42am

no time to buy for this month !

Jan 16, 2012 12:21am

wow,i'm already losing a hell of money because i bought EUR/USD @1.2860 since friday,someone help me on what to do in other to regain this money!

Jan 16, 2012 12:45am

LOL

Jan 16, 2012 1:17am

if eue usd break 1.2620 it will text 12450, i think 12450 is very good to buy and make big money tp 1.2585

Jan 16, 2012 1:35am

Quoting covs67

Disliked

wow,i'm already losing a hell of money because i bought EUR/USD @1.2860 since friday,someone help me on what to do in other to regain this money!

Ignored

ur long still open?

Jan 16, 2012 1:59am

Wait for the breakout to occur on EURUSD before place your trade!

Trader#86DE

Jan 16, 2012 5:20am

The spot rate is currently testing the intermediate support of its medium term bearish channel at 1.2610 suggesting a rebound. However, a break of these levels would entail a decline to the lower limit of this one - to 1.2505.
According to previous events, the market indicates a bullish opportunity at the levels of 1.2610 with the 1st target at 1.2680, then at 1.2710. A break at 1.2590 would invalidate this scenario. I'm just follow the professional advise from insta. So will you???

Jan 16, 2012 10:57am

wait until what draghi has to say this evening, but situation is still very bearish

Trader#0D17

Jan 15, 2012 11:40pm

so down euro?????

Trader#6FC4

Jan 16, 2012 12:31am

buy more

Trader#0086

Jan 16, 2012 12:46am

well, i'm still wating to day.... i havent take any position yet

Trader#28BB

Jan 16, 2012 1:39am

what should i do with this EURUSD?

Trader#0DE5

Jan 16, 2012 3:39am

no time to buy for now

Trader#88A5

Jan 16, 2012 5:34am

Pls what is the implication? buy or sell euro?

Trader#86DE

Jan 16, 2012 6:41am

For me better no trade for today. Wait for the opportunity for next day. E/U is not going anyway. First is bank holiday for USD. Stop trade today for G/U n E/U. Other pair is up to you.

Trader#5C2E

Jan 16, 2012 12:57pm

i still in short from 1.2645 and t/p 1.2500 ..is it right?

Trader#A079

Jan 17, 2012 12:16am

do you guys think of euro is gonna go lower then 1.25 any idea ?

Story Stats

Jan 15, 2012 11:07pm
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