Unemployment insurance weekly claims report

Audusd is the tough nut to crack.....

eurusd going up,what is that?

eurousd up, what is this? fuck effect.

it is game. but look for heavy crash as i understood on chart

Continuing Claims more that previous month eur up)

cuz people start selling, and for that reason he goes up

I see that all are falling mate.

so what u think it will break 1.3000 or not

Eur will go down little latter ... w8 good positon for sell

That's great news... USD is gaining...

i don't know, first we must cross 1.31

if i can vote , i will vote NO , but who will knows what happen next...

agree with you

If basically you mostly think no than perhaps it will be yes

what about GOLD?????????????

i still wait for bernanke tomorrow....

focus on EURUSD, GBPUSD all short and USDJPY, USDCHF long. the speech of feds Bullard is causing the shake

tp around 1.3

all these reports are manipulated it seems.. FED and ECB are cooking reports and making us dance to their tunes.. fact is that both euro and dollar are weak.. but still.. picture will be much clearer once bernanke speech is over.. so lets wait for it..

remember the non farm employ is 88K? then why this unemploy become good? , this is why i waiting for bernanke... but still I hope USD will down

All of Sudden USD become really Weak! NFP data fell from 236k to 88k just within a month!!!
Sometime I wonder does it take such a Short time to make a country's economy such Weaker?!!!

UJ towards 100 - 104

currency wars my freind.. they make central banks publish cooked reports.. in reality dollar has been weak since quit some time now.. same case with euro.. but somehow they are hanging on.. am afraid tht a great dip will come some day.. lets see.. i might be wrong.. but thts my personal opinion..

some people says that euro and gold always goes in same trend..i.e.if euro goes up,then gold will go up........and exactly reverse for us dollar index..if index goes up,,then gold should go down................IS THIS TRUE???????????/

PLEASE GIVE TRUE OPINION

there no thumb rule as such which stands correct all the time. but yes this kind of behaviour is known as co-relation of pairs.

It keeps on changing and no one can decide any specific thumb rule for the price moves.

good luck,

cheers

I dont think so.. gold follows the trend same as AUD most of the times.. and it is obviously against the USD..

How much time is needed for a trader to forget his fundamental analysis?
Exactly 90 min.

Don't rush and don't fight the follow of the wave. You should always ride with the wave effortlessly , like the Eagle soars with the flow and direction of the wind.

if this would be true, than Gold/Eur would be a flat chart, which isn't

Silent bulls in charge - leaving the bears just to be bewildered

Euro strength is a puzzle to many. We have had weeks with worrying economic data causing forecast for a Euro-zone economic recovery to be delayed. We have seen Euro-zone confidence indexes peaking. We have had crisis in Cyprus setting possible precedence for bank deposits and credit regulations unheard of. We have had Italian elections where 6 weeks after they took place, the country still has no government. Still – the EURUSD is holding well. Any attempts to sell the pair lower meet support levels in tight layers and of substantial volume.

So what is it that prevents EURUSD from cracking down?

There are mainly two reasons:

1) For two of the major currencies – and those for which the EURO is an investment alternative – the currency printing machines go on full speed. Bank of Japan will increase their balance sheet by 45% throughout the rest of this year and for the Federal Reserve it looks to be an increase of 25%. What they do is to buy their own debt or those of mortgage holders and provide the market with cheap funding – cash at almost no cost. That the cost is low also means that the attraction is low. In addition – the cash is provided through printing of JPY and USD – which simply means that there will be lots more of currencies that already have low attraction. In reality it means that no one wants them.

2) USD used to be the reserve currency and the main asset class among currencies held by central banks and sovereign wealth funds. Three years ago many of those investors wanted to rebalance their currency portfolios with a lower weighting in USD and a higher weighting in other currencies – the EURO being one of the beneficiaries. Then we got the Euro-zone crisis and doubts to whether the Euro had a long-term future. Prudent as central banks and sovereign wealth funds are, the delayed their purchases of Euro and held on to the USD. But in reality this was just a delayed switch for which the three years that has passed has seen substantial purchases of Euro being put on hold until the uncertainty surrounding the currency became more clarified. Our estimate is that there is likely an interest to buy 500-750 billion Euros against USD – purchases that were meant for 2010-2013 but for reasons known to us all simply were not done.

While the Euro-zone has a long way to go before crisis are history, doubts about the currency’s future existence are likely pretty remote. In five years it might not be the same currency as it is today as some countries might leave. But if they do – the reborn currency is likely going to be one which is stronger and more solid than the one we have today. As such – for long-term investors like central banks and sovereign wealth funds – the confidence level missing throughout 2010-2013 – is likely back and I would think that these investors throughout the last 6 months have been among the silent bulls we seldom see but are there with a big long-term interest.

They are buying EURUSD which are not coming back to the market in a long time and likely not before Euro-zone economic problems and crisis are history and the EURUSD is well above 1.50. That might take a long time. But time is what these investors have a lot of. They are not stressed, they don’t chase the price but they are likely in on any dips for EURUSD of significance.

The sellers are the short-term bears who think that all the negative news for EURUSD cannot mean anything but a lower value. And they go short just to experience that the market absorbs their selling with no particularly falls for the pair. In the end they have to cover their shorts as the intended price impact did not materialize. And those shorts are covered from someone already being short and not from the ones who voluntarily bought the pair – hence the EURUSD goes up.

Bewildered? You shouldn’t be if 500-750 billion Euros are to be switched this way.

FROM TOR

@ Imbonitor

Exelint ! I agree with what you said, and the charts from mid 2007 till date support everythig you said. We could be looking at EUR/USD of 1.36xx Around August.