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  • Observing some USD weakness across the board

    From talking-forex.com

    Observing some USD weakness across the board, as equity markets rally into the closing bell on wall street

  • Comment #1
  • Sep 12, 2011 3:56pm Sep 12, 2011 3:56pm
question is why?
  • Comment #2
  • Sep 12, 2011 3:59pm Sep 12, 2011 3:59pm
Is it because Fisher speech is about to being .. some nervousness ?
  • Comment #3
  • Sep 12, 2011 4:01pm Sep 12, 2011 4:01pm
Risk appetite wants to come back to the market. That's the only answer
  • Comment #4
  • Sep 12, 2011 4:06pm Sep 12, 2011 4:06pm
It's probably because I prayed for the euro to rally so I can short the sucker again.
Those who say it cannot be done should not interrupt those who are doing it
  • Comment #5
  • Sep 12, 2011 4:09pm Sep 12, 2011 4:09pm
"as equity markets rally into the closing bell on wall street"

Probably traders are covering their shorts from last week so it may be just a bounce. The problems are far from over.
Those who say it cannot be done should not interrupt those who are doing it
  • Comment #6
  • Sep 12, 2011 4:16pm Sep 12, 2011 4:16pm
@Pip -- so you are bearish on Euro and think it will go down and this bounce is temporary ?
  • Comment #7
  • Sep 12, 2011 4:20pm Sep 12, 2011 4:20pm
Learnin -- if you want to know what other traders think, you can also check out the traders sentiment page on this site.
  • Comment #8
  • Sep 12, 2011 4:22pm Sep 12, 2011 4:22pm
  •  Guest
  • | IP XXX.XXX.170.33
short covering is underway, EUR/USD might reach 1.3950 before falling back again.
  • Comment #9
  • Sep 12, 2011 4:24pm Sep 12, 2011 4:24pm
Quoting PipTrapper
It's probably because I prayed for the euro to rally so I can short the sucker again.
PT -- I personally like to influence markets with blood sacrifices. Chickens are cheap (about 8 USD) in China and a sacrifice in the bath tub is quite easy to clean up.

Of course, I always cook the chicken afterwards so the meat is not wasted.
Need a good bounce to get a good entry for my short.
Learnin, Unless we become witness to a miracle (it could happen), it's only a matter of time before the euro tests this year's lows around 1.29
Sooner or later Greece will default, the banks will have to write down their losses, the equity markets will take a hit and the risk currencies (EUR, GBP, CAD, AUD etc) will be dragged down as well (For obvious reasons, especially the euro). This is the best case scenario. The worst case is if the Greek event brings down Italy and Spain with it. The fear factor is already priced in to the market. All that's left is the event itself. Therefore, if I turn out to be wrong about this, the euro will rally back up to 1.60
Those who say it cannot be done should not interrupt those who are doing it
Quoting AaronWard
PT -- I personally like to influence markets with blood sacrifices. Chickens are cheap (about 8 USD) in China and a sacrifice in the bath tub is quite easy to clean up.

Of course, I always cook the chicken afterwards so the meat is not wasted.
Cool. Kill a chicken for me while you're at it.
Those who say it cannot be done should not interrupt those who are doing it
That will be 150 bucks, thank you. I value my labor far more than the market values the chicken's life.
  •  Guest
  • | IP XX.XX.146.200
GoLd didnt rise.... Euro is heading for 1.30.... I smell a default from Greece
everything except USD is heading downwards on my charts...
cryptocurrency everytime
short term covering
Quoting cohiba pips
short term covering
Quoting venzen
everything except USD is heading downwards on my charts...
I think you have to turn around (upside down) your notebook so the it is the same as the rest of the traders.
  • Story Stats
  • Posted: Sep 12, 2011 3:55pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 17  /  Views: 2,322