EUR/USD: Bearish potential increases

No, money has been leaving the yen for a while and going to Dollar assets, further Yen weakening tonight and further poor fundamental news from europe will cause even more dollar investing bringing the eur/usd pair further to the downside!

During World War II, U.S. Air Force and Navy meteorologists plotting storms over the Pacific needed a better way to denote hurricanes while analyzing weather maps. Many began paying tribute to their wives and girlfriends back home by naming tropical cyclones after them. In 1945 the newly formed National Weather Bureau—later the National Weather Service—introduced a system based on the military phonetic alphabet, but by 1953 the options had been exhausted. The next year, the bureau embraced forecasters’ informal practice of giving hurricanes women’s names. Because America led the world in weather tracking technology at the time, many other countries adopted the new nomenclature.

Loadedgun..! do u have any idea why all storm be named by female.
Irine, Katrina, Sandy?

tq buddy for the info

43 pips profit..... Thank you very much:-))

Looking / waiting for the dip and then I'll buy in again.

Frankly I do not know - my impression is that it is somehow connected or named after the meteorologist that spots them - and if TV is anything to go by lots of lovely ladies on the beat in that realm. But this is more a guess than anything else (or may be the first to spot a storm system is required to name it and folks just recall high school sweethearts or something or rather). LOL

BTW: The storm is bound to affect trading significantly I hope it does not cause too great a damage especially to people and infrastructure out there or it could be weeks before things stabilize

LG, I normally enjoy reading your posts, and agree with most of you have to say, however, this time I think you are wrong. There seems to be a stronger possibility for the EURUSD pair to go south than north. I think 1.2955 is now the resistance, and the only way from here is down. That is my opinion anyway. Good trading

Well that was one post that proved right I have follow up scenarios elsewhere - the market is dynamic always moving up and down so looking at just one post I made (which was made last nite around 12 midnight my time when I noticed and stated elsewhere a big move was on the way) and it proved correct. If you check other threads today you will find my updated views they are not static since my tools and indeed my view of the market follows it's dynamic patterns. Cheers

PS: Look at the time the post was made then look at what happened between then and now. Similarly when you see my posts today look at the time and context in which they are made and watch for what happens after. Best of the trades to you.

So folks will be shocked to see the Euro to upside then.

They don not all have female names - remember Andrew of a few years back. We have had bad ones such as Charlie, Gilbert and Ivan more recently. The females seem to be the more devastating ones - or so it appears

Also they are named alphabetically...first hurricane out of Atlantic will have a name beginning with the letter "A"....2nd with a "B" etc.

will eur/usd reach 1.2800 or reverse form here to 1.3200.

Well at least (thin market or not) their next headline might now read "EUR/USD: Bullish Potential Increases".

Japan enlarge the QE yen..
may help to support EUR ?