FOMC Statement

Quoting iono

Disliked

I love this the battle of two worthless currencies...if you've never seen manipulation just watching this pair is an excellent example of two in debt corrupt systems pulling the wool over the worlds eyes...only the big boys know the emperor has no clothes.....the normal guy has no clue....

Ignored

i agree

Tw0eleven

Apr 25, 2012 10:20am

Quoting braintec

Disliked

there is nothing right in euro so it must fall

Ignored

I hope you are kidding with this statement! Said it before, will say it again...Good OR Bad Euro news = Euro up. Good or Bad US news = Euro up. EU, ECB, IMF, China, Japan, US have all come out and said they support the Euro = Euro up. Horrible fundamentals and debt crisis in Europe = Euro up. Fed comes out today and says US is doing ok...not great, but not bad...just ok = Euro staying up. Does anyone see a pattern here??? All those wishing/hoping/expecting Euro to fall and/or fall hard...Keep thinking that while I keep buying the dips!

Now if e/u can close below 1.3000 on the daily chart, then I'll start to change my tune. Until then...happy trading all!

Tw0eleven

Apr 25, 2012 10:34am

Exactly. I totally agree that the euro "should" be lower...but the facts right now are that it's just being supported. Will it drop some time in the future...maybe, maybe not. I don't know. I can only trade what the market it telling me right now. And right now and for the past couple of months it's been saying buy euros. 1.3000 is my magic number(and I don't mean a little dip below it)...I want to see a good solid close below it with some type of retest and failure to get back above it. Then I'll be shorting.

Trade smart guys/gals! "The market can remain irrational far longer than you can remain solvent."

Tw0eleven

Apr 25, 2012 10:52am

Quoting jajano

Disliked

hi, how far do you thing it will go up?

Ignored

1.3000 to 1.3300 is the range I see on the charts. Until that is broken decisively one way or the other...I don't know how low or high it might go. Buy near the low of the range and sell near the top is all I see at this point. But that's just my opinion.

iono

Apr 25, 2012 4:52pm

I love this the battle of two worthless currencies...if you've never seen manipulation just watching this pair is an excellent example of two in debt corrupt systems pulling the wool over the worlds eyes...only the big boys know the emperor has no clothes.....the normal guy has no clue....

jajano

Apr 25, 2012 10:26am

Quoting Tw0eleven

Disliked

I hope you are kidding with this statement! Said it before, will say it again...Good OR Bad Euro news = Euro up. Good or Bad US news = Euro up. EU, ECB, IMF, China, Japan, US have all come out and said they support the Euro = Euro up. Horrible fundamentals and debt crisis in Europe = Euro up. Fed comes out today and says US is doing ok...not great, but not bad...just ok = Euro staying up. Does anyone see a pattern here??? All those wishing/hoping/expecting Euro to fall and/or fall hard...Keep thinking that while I keep buying the dips!...

Ignored

totally agree.. im gonna hit it hard!!!

jajano

Apr 25, 2012 10:36am

Quoting Tw0eleven

Disliked

Exactly. I totally agree that the euro "should" be lower...but the facts right now are that it's just being supported. Will it drop some time in the future...maybe, maybe not. I don't know. I can only trade what the market it telling me right now. And right now and for the past couple of months it's been saying buy euros. 1.3000 is my magic number(and I don't mean a little dip below it)...I want to see a good solid close below it with some type of retest and failure to get back above it. Then I'll be shorting.

Trade smart guys/gals!...

Ignored

hi, how far do you thing it will go up?

goldfish3

Apr 25, 2012 4:21pm

thats bullsh*t talk. Not hawkish talk. Thats covering up for bad data. Reinvestment in securities held for repurchase agreement means they want to keep increasing money supply in the economy indirectly to encourage spending. this is further affirmed from the fact that the tend to keep the fed rate low for the next couple years to discourage saving and encourage spending. because heir data sucks. dont think this is good for the usd atleast for the next few months.

goldfish3

May 9, 2012 2:59pm

Quoting jonahky7

Disliked

Now I finally know why Greece is facing default, that's where all the money has gone to Read this article (for the joke of the day)

http://www.economist.com/blogs/graph...daily-chart-13

Ignored

According to this, the Greeks, Italians and Brazilians have the biggest breasts (assuming ofcourse no one gets breast reduction surgery).....hmmm.... i should relocate..

Dr.Zain

Apr 25, 2012 10:55am

Hi Explorer101, would you please explain me in detail (EURO PARASITES)

braintec

Apr 25, 2012 9:47am

eur will go down for miles, in a short time

braintec

Apr 25, 2012 9:50am

there is nothing right in euro so it must fall

neuron

Apr 25, 2012 9:38am

the charts are best at translating fed-speak

Trainman

Apr 25, 2012 9:45am

Hmmph. A non-event. EURUSD remains in a 55 pip range for the day. Oh well, time to reload and wait for the press conference...

fxsyuk

Apr 25, 2012 9:58am

it bear EU until tomorrow

Apr 25, 2012 9:56am

Quoting Guest

Disliked

AS long as oil is above $100, it just show that the Arab are already losing confidence of USdollar. Another QE will be the last straw.

Ignored

wrong!..the price is just correlated with demand-supply...by industrialized countries.

Apr 25, 2012 9:57am

Quoting doctortyby

Disliked

So what if Euro has bad Fundamentals. Gbp also had very negative fundamentals Today and it is rising against Jpy and Usd and especially against Euro.

Doulbe dip recession doesn't seem to affect yet the pound.

Ignored

because everyone else thought to short..bigplayers do the long entry..

Apr 25, 2012 10:00am

Quoting fxushra91

Disliked

why GBP does not move? let it be down too!!

Ignored

USD steps GBP and GBP steps Euro... it is Euro which is the weakling in the chain of crossrates..take a look of EuroGbp pair. GBP is trampling Euro for days

Apr 25, 2012 10:30am

Quoting Tw0eleven

Disliked

I hope you are kidding with this statement! Said it before, will say it again...Good OR Bad Euro news = Euro up. Good or Bad US news = Euro up. EU, ECB, IMF, China, Japan, US have all come out and said they support the Euro = Euro up. Horrible fundamentals and debt crisis in Europe = Euro up. Fed comes out today and says US is doing ok...not great, but not bad...just ok = Euro staying up. Does anyone see a pattern here??? All those wishing/hoping/expecting Euro to fall and/or fall hard...Keep thinking that while I keep buying the dips!...

Ignored

Hahaha! the parasite Euro is enjoying milking the world economies.
I would site IMF. IMF raise more funds to increase protection against EUROPEAN CRISES..LOL..

how much do the PIIGS contributed to IMF? very well, PIIGS have fresh milk now and then so the parasite will be mightier even more...

USD? hahaha.cheap money

Jj1459

Apr 25, 2012 9:37am

Housing sector confuses me.

Jj1459

Apr 25, 2012 9:41am

Why Dollar bulls are so crazy when they can see that the housing sector has shown bad performance.Housing society is one of the main factor which affects the US economy largely.

Sara singh

Apr 25, 2012 10:07am

Its data what all know. It always confusing whether US economy in track or not?

Apr 25, 2012 9:36am

it means?

Apr 25, 2012 10:19am

@kosir: eu , gu up for sure

Apr 25, 2012 10:21am

twoeleven was RIGHT!

Apr 25, 2012 9:41am

Quoting mungford

Disliked

and so keeping USD weak right? Have I read this correctly?

Ignored

No, it is an hawkish statement, which will strengthen the USD

turanius

Apr 25, 2012 11:07am

2:15 FED Press Conference--- here:

http://www.c-span.org/Live-Video/C-SPAN3/

Apr 25, 2012 9:43am

supposedly making bucks firmer but their statement is quite contradicting. Keep low and no QE3.

Let's see how long the bidders will hold eur/usd - it might propel it to slightly higher ground before a drop again. Both side of big players need to cover their bets. Middle east bidders and sovereigner offer at 1.3230-1.3250 area.

But nothing NEW in FOMC, and likely it's all priced in.

Apr 25, 2012 9:55am

So what if Euro has bad Fundamentals. Gbp also had very negative fundamentals Today and it is rising against Jpy and Usd and especially against Euro.

Doulbe dip recession doesn't seem to affect yet the pound.

Rana Shahzad

Apr 25, 2012 10:24am

Quoting Sara singh

Disliked

Its data what all know. It always confusing whether US economy in track or not?

Ignored

Sara ji even some one who can judge the US economic posistion cannot predict about gold... it has its own track ... You need a good fortune to trade in gold

dorianxavier

Apr 25, 2012 10:26am

No matter how the bad fundamentals the EUR is maintaining its strength. Dont really understand why, other than there are some "hidden governmental forces" holding it up(buying) in anticipation of an iminent fall. This will allow it to "fall" to levels they are comfortable dealing with versus a1.20 or lower. Sounds like a big conspiracy theory I know, but dont know what else to think.

Apr 25, 2012 10:32am

the more you yack n yack y it's not going down, the more it will go north. When big players are in, they are there to do a kill not to give out Christmas gifts to you - when you shorts they simply do the opposite to take small retail traders out. So before yacking again y it's not going down, pay attention to your charts and be careful - the market sentiment with bidders at 1.3180 this morning looks like a classical minesweeper scenario. So unless the sovereign offer player is still there at 1.3230/50, crazy minesweepr bidders may push the parasite up. Minesweeper A was at 1.3105 and minesweeper B around 1.3180. Whoever the bidders are (including Middle Easterners) is holding the parasite firm for the moment.

So wait and see what BB open his mouth to repeat the same stuffs - likely firming dollars but it's going to be confusing.

Apr 25, 2012 10:38am

Eur/Usd has been moving sideways in the last 3 months.
It is accumulating strenght for a breakout to continue the Downtrend on the Daily chart or to reverse the Downtrend and continue the secondary uptrend started in January after the releases of the S&P downgrades.

Apr 25, 2012 10:52am

Quoting doctortyby

Disliked

Eur/Usd has been moving sideways in the last 3 months.
It is accumulating strenght for a breakout to continue the Downtrend on the Daily chart or to reverse the Downtrend and continue the secondary uptrend started in January after the releases of the S&P downgrades.

Ignored

I think it's better to look at today's triangle that had been formed cos this triangle may not be here tomorrow anymore and see if a breakout from the current range is possible. I won't look that far away in time as anything is possible.

Apr 25, 2012 11:03am

Quoting doctortyby

Disliked

Do You mean the 1Hour chart?

Ignored

I've not seen so many patterns forming in a day - minesweeper (daily), triangle (15M to H1) - then the spiral down to break the parasite support (whoever is supporting .3180)

Apr 25, 2012 11:09am

Quoting doctortyby

Disliked

I see a stronger support around 1.316

Ignored

If it goes, it's usually 100pips range with BB that's how much he can command so I'll ignore the mid range support or resistance. Let's see if it can break .3180 and .3169 or 1.3225 and 1.325. BB let the drum roll begins!!!

Apr 25, 2012 11:21am

lol - BB, "We may look at more QE if necessary and QE3 still on the table if the economy needs it."

But that is the big IF

How very nice BB

and parasite pop 15pips north and more to go.

BB seems to have stage fright. How stupid the market get based on 2 fking word "IF NECESSARY" lmao

Go on and print

Apr 25, 2012 11:33am

don't the fking market understand the word IF means if economy is bad QE3 may be there but IF the economy is good, it will be tightened up.

SO what can we say market is simply stupid, like the rest of us, lmao!

Apr 26, 2012 4:22am

Now I finally know why Greece is facing default, that's where all the money has gone to

Read this article (for the joke of the day)

http://www.economist.com/blogs/graphicdetail/2012/04/daily-chart-13

toptrader11

Apr 25, 2012 5:04pm

What doesn't kill you only make you stronger. Euro crisis didn't kill the EUR, so is only make it stronger lol.

Kosir

Apr 25, 2012 10:17am

what will hepen with eu up or down

Apr 25, 2012 11:19am

nothing will hapen

Apr 25, 2012 11:20am

eu up like olways

Apr 25, 2012 8:14pm

Quoting jajano

Disliked

it means?

Ignored

It means: do your own chart

azmana786

Apr 25, 2012 10:21am

Next time when market is really uncertain during the crucial news, better switch off the computer and doing something else besides fx trading

mungford

Apr 25, 2012 9:36am

and so keeping USD weak right? Have I read this correctly?

mungford

Apr 25, 2012 9:39am

true, when they're not stop loss hunting...

Apr 25, 2012 9:39am

USD in power

Apr 25, 2012 9:41am

doller weak

Apr 25, 2012 9:41am

poor data for usd...

Apr 25, 2012 9:42am

AAWWWTSH ...

Apr 25, 2012 9:48am

wow look at all the people! Hear that sucking sound?

PopatJunk

Apr 25, 2012 9:55am

Lets see what "FOMC Press Conference" brings after 2 hours!

Trader#6937

Apr 25, 2012 9:57am

Gold going to up today after FOMC Press Conference because of last two speach of Burnake USD went to apreciate and Gold was Down but today create so much hype in Market Burnake just kick the USD But gold breaks Rsistance level today.....

fxushra91

Apr 25, 2012 9:57am

why GBP does not move? let it be down too!!

Apr 25, 2012 9:58am

long scalp for gold

Apr 25, 2012 10:02am

What about the S&P 500 index. It had a parabolic bullish movement in the last two days.

Apr 25, 2012 10:04am

Eur/Gbp has touched a hystorical low from 2011, Yesterday before the bullish Movement.

Now it has found support around 0.8167 Daily Pivot.
Lets see how it goes. Could we see a downtrend reversal?

PurwoFX

Apr 25, 2012 10:08am

EUR/USD drop 20 pip only in one minute and after that it slowly rise back.

saif

Apr 25, 2012 10:11am

long scalp for gold
now wht for gold?????????????????????

Rana Shahzad

Apr 25, 2012 10:26am

I hope it will now go up towards 1660 after the fomc confrnc. think of those who have taken ride near 1625 & will travel upto 1660+... isnt it LUCK

dorianxavier

Apr 25, 2012 10:27am

Tw0eleven is right on the money!!!

Apr 25, 2012 10:55am

Quoting jonahky7

Disliked

I think it's better to look at today's triangle that had been form and see if a breakout from the current range is possible.

Ignored

Do You mean the 1Hour chart?

Apr 25, 2012 11:08am

I see a stronger support around 1.316

jokerfx

Apr 25, 2012 11:28am

that's all,,,another joke for today......

saif

Apr 25, 2012 11:34am

can anyone suggest price for gold pls

culibate

Apr 26, 2012 2:07am

GU raises and raises, may it hit 1.629?

Trader#E0C2

Apr 25, 2012 9:37am

gold will go down

Trader#53E0

Apr 25, 2012 9:39am

gold down 1.638-1.624$

Trader#E0D6

Apr 25, 2012 9:42am