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User Time Action Performed
  • EUR/USD now through 1.3100 and re-trying the high at 1.3120

    From forexlive.com

    EUR/GBP is following moving into 0.8460 and an option expiry at 0.8475 at the NY cut

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  • Comment #1
  • Quote
  • Apr 30, 2013 9:41am Apr 30, 2013 9:41am
  •  mrbandwidth
  • | Joined Feb 2010 | Status: Member | 185 Comments
OMG! OMG! OMG! OMG!

Meh...
Use me as a contrarian indicator
 
 
  • Comment #2
  • Quote
  • Apr 30, 2013 9:42am Apr 30, 2013 9:42am
  •  matle
  • | Joined Feb 2013 | Status: Junior Member | 9 Comments
why this happen?
can someone tell me
 
 
  • Comment #3
  • Quote
  • Apr 30, 2013 9:45am Apr 30, 2013 9:45am
  •  Kis Zoltan
  • | Joined Oct 2011 | Status: Member | 448 Comments
Bad for german exporters.....
 
 
  • Comment #4
  • Quote
  • Apr 30, 2013 9:47am Apr 30, 2013 9:47am
  •  Guest
  • | IP XX.XXX.134.3
the 1.3120 wasn't a problem...stops hit!
 
 
  • Comment #5
  • Quote
  • Apr 30, 2013 9:48am Apr 30, 2013 9:48am
  •  Guest
  • | IP XXX.XXX.131.14
Why didn't you post this one hour ago? Would have been more helpful lol...
 
 
  • Comment #6
  • Quote
  • Apr 30, 2013 9:48am Apr 30, 2013 9:48am
  •  Alexeii
  • | Commercial Member | Joined Oct 2012 | 594 Comments
Next few weeks euro will hit 1.3700 and later may be 1.4200
 
 
  • Comment #7
  • Quote
  • Apr 30, 2013 9:54am Apr 30, 2013 9:54am
  •  wladav
  • Joined Jan 2012 | Status: Member | 15 Comments
yes because only good information from France, Spain , Portugal , Germany ....

run for short stops
 
 
  • Comment #8
  • Quote
  • Apr 30, 2013 9:54am Apr 30, 2013 9:54am
  •  Guest
  • | IP XX.XXX.134.3
forexlive should have put re-trying the high from 2 weeks ago at 1.3200.
 
 
  • Comment #9
  • Quote
  • Apr 30, 2013 9:56am Apr 30, 2013 9:56am
  •  Guest
  • | IP XX.XX.135.5
after 1.5..1.6 ...1.9 and then 200
 
 
  • Comment #10
  • Quote
  • Apr 30, 2013 9:56am Apr 30, 2013 9:56am
  •  eurusdthb
  • | Joined Jan 2013 | Status: Looking for Finance Freedom | 152 Comments
Quoting Kis Zoltan
Disliked
Bad for german exporters.....
Ignored
Also, bad for PIIGS and Cyprus.
I want to be rich.
 
 
  • Comment #11
  • Quote
  • Apr 30, 2013 9:59am Apr 30, 2013 9:59am
  •  Squeeze
  • | Joined Dec 2012 | Status: Member | 1195 Comments
Why?

Quoting eurusdthb
Disliked
Also, bad for PIIGS and Cyprus.
Ignored
 
 
  • Comment #12
  • Quote
  • Apr 30, 2013 10:00am Apr 30, 2013 10:00am
  •  Guest
  • | IP XX.XXX.134.3
Since the beginning of April, you just can't go wrong buying the dips in Euro!
 
 
  • Comment #13
  • Quote
  • Apr 30, 2013 10:07am Apr 30, 2013 10:07am
  •  Alexeii
  • | Commercial Member | Joined Oct 2012 | 594 Comments
Quoting Guest
Disliked
Since the beginning of April, you just can't go wrong buying the dips in Euro!
Ignored
I totally agree with you mate
 
 
  • Comment #14
  • Quote
  • Apr 30, 2013 10:11am Apr 30, 2013 10:11am
  •  lumesh
  • | Joined Apr 2007 | Status: Member | 285 Comments
rate cut price action in your face
 
 
  • Comment #15
  • Quote
  • Apr 30, 2013 10:34am Apr 30, 2013 10:34am
  •  ffmonry
  • | Joined Feb 2013 | Status: Member | 180 Comments
best opportunity to sell euro!! rate cut on due you will get lot of pips at weekend.
 
 
  • Comment #16
  • Quote
  • Apr 30, 2013 10:41am Apr 30, 2013 10:41am
  •  Guest
  • | IP XX.XXX.134.3
Quoting ffmonry
Disliked
best opportunity to sell euro!! rate cut on due you will get lot of pips at weekend.
Ignored

you guys are getting played like a fiddle! IF, and that's only IF euro is going to sell off(and I'm not talking about a small pullback from today's rally)...it's not going to happen until after ECB statement on Thursday morning. Try your luck selling then!
 
 
  • Comment #17
  • Quote
  • Apr 30, 2013 10:44am Apr 30, 2013 10:44am
  •  Fx-gtg
  • | Joined Dec 2011 | Status: Member | 71 Comments
Quoting matle
Disliked
why this happen?
can someone tell me
Ignored
This happens cause banks and brokers know traders mind. They try to take ur money
 
 
  • Comment #18
  • Quote
  • Apr 30, 2013 10:50am Apr 30, 2013 10:50am
  •  Connected
  • | Membership Revoked | Joined Mar 2012 | 168 Comments
Quoting lumesh
Disliked
rate cut price action in your face
Ignored
well said : )
Tracking the Specialists.
 
 
  • Comment #19
  • Quote
  • Apr 30, 2013 12:21pm Apr 30, 2013 12:21pm
  •  Aaronfb
  • | Joined Nov 2011 | Status: Member | 139 Comments
I'm not convinced a rate cut is set in stone. Ignore the talk, the speculation and the news. On the daily we had an up leg, a correction and now are entering another up leg. I'm looking for opportunities to get long.

If there is a rate cut, I'll close longs and look for shorts at the top of the daily range (1.32). EUR banks closed tomorrow - so I expect some sideways movement until Thursday.
 
 
  • Comment #20
  • Quote
  • Apr 30, 2013 12:34pm Apr 30, 2013 12:34pm
  •  mattbbaby
  • | Joined Apr 2013 | Status: Member | 4 Comments
The pair went so high because it had to hit my margin call now it's safe for the pair to go back down.
 
 
  • Comment #21
  • Quote
  • Apr 30, 2013 1:50pm Apr 30, 2013 1:50pm
  •  piptastic
  • | Joined Jun 2010 | Status: FXTRDR | 305 Comments
ill believe it's an uptrend when it goes through 3200
Anything can happen in FOREX. There's no 100% sure
 
 
  • Comment #22
  • Quote
  • Apr 30, 2013 1:53pm Apr 30, 2013 1:53pm
  •  Guest
  • | IP XX.XXX.195.208
Quoting piptastic
Disliked
ill believe it's an uptrend when it goes through 3200
Ignored
I'll Believe In A Downtrend When It Closes And Stays Below 1.3000.
 
 
  • Comment #23
  • Quote
  • Apr 30, 2013 2:02pm Apr 30, 2013 2:02pm
  •  funzodundee
  • Joined Mar 2010 | Status: Member | 53 Comments
It is almost certain that the ECB will cut rates this week. I'm completely baffled that anyone can take a long position EUR/USD this week. The Euro will fall like a fat man jumping off a bridge! Some people just cant see the woods for the trees.
 
 
  • Comment #24
  • Quote
  • Apr 30, 2013 2:14pm Apr 30, 2013 2:14pm
  •  eqshack
  • Joined Jul 2011 | Status: Lord Of War | 993 Comments
what tha f caused this move?yeyeah..now i gonna get comments "check your charts.... TECHNICAL movement"
Early to bed, early to rise, keeps you healthy, wealthy and wise.
 
 
  • Comment #25
  • Quote
  • Apr 30, 2013 2:26pm Apr 30, 2013 2:26pm
  •  Guest
  • | IP XX.XXX.195.208
Quoting funzodundee
Disliked
It is almost certain that the ECB will cut rates this week. I'm completely baffled that anyone can take a long position EUR/USD this week. The Euro will fall like a fat man jumping off a bridge! Some people just cant see the woods for the trees.
Ignored
Long Position Was Good For My Account For 80 Pips Today.
 
 
  • Comment #26
  • Quote
  • Apr 30, 2013 3:24pm Apr 30, 2013 3:24pm
  •  Trading Sol
  • | Joined Apr 2013 | Status: Junior Member | 5 Comments
Quoting Guest
Disliked
you guys are getting played like a fiddle! IF, and that's only IF euro is going to sell off(and I'm not talking about a small pullback from today's rally)...it's not going to happen until after ECB statement on Thursday morning. Try your luck selling then!
Ignored
Check your trend on Mach D. Its bullish strong!
 
 
  • Comment #27
  • Quote
  • Apr 30, 2013 6:59pm Apr 30, 2013 6:59pm
  •  Jamz
  • | Joined May 2012 | Status: Tops and bottoms are for bikinis | 14 Comments
So many predictions - where were you yesterday?
 
 
  • Comment #28
  • Quote
  • May 1, 2013 5:44am May 1, 2013 5:44am
  •  lumesh
  • | Joined Apr 2007 | Status: Member | 285 Comments
Quoting Aaronfb
Disliked
I'm not convinced a rate cut is set in stone. Ignore the talk, the speculation and the news. On the daily we had an up leg, a correction and now are entering another up leg. I'm looking for opportunities to get long. If there is a rate cut, I'll close longs and look for shorts at the top of the daily range (1.32). EUR banks closed tomorrow - so I expect some sideways movement until Thursday.
Ignored

When it comes to the ECB nothing is ever set in stone. By looking at the euro price action one would wonder if we're getting a rate hike instead of a cut


Anyways, it's month end and options COULD play a role here...just a speculation. Yes, on the daily you have a leg up but let me tell you smth: give me any chart and i can ALWAYS find a compelling TECHNICAL reason to go both: long AND short.

Euro IS fundamentally a sell...the problem is that the market is STILL not linking fundamentals with market price. Europe is not trading fundamentals but default probabilities. Peripheral yields are still trading the Draghi's "We will stand behind everything" even though the fundies are worse(ning). And every drop in yields are backstoping the euro's fall.


Now, what do we take out the ECB's action on Thursday ?

If we DON'T get a cut then the equities SHOULD look pretty stupid when trading back at these new high levels and the classical "sell in May and go away" would be in place. Euro could get a kneejerk upmove but after that i'm not sure whether it'll follow the potential risk off or the "rate difference not being reduced".


If we get a cut then everybody in this and the next planet will jump in an euro short trade (sadly with tight stops) and kneejerk reaction would be lower. Whether it'd be 30, 50, 100+ points, i don't know. However, digging deeper into it, then the peripherial yields would, logically, also go lower which would provide backstop for the pair and the rest is a confusing (and thus technical) play again. I would be interested in what stocks would do...theoretically, we've been pricing in the junk status monetary policy again the whole way up from the low we had two weeks ago.


As a sidenote, that "sell in May" phenomena is quite astonishing. It has worked in the usd index since 2006 (which is the furtherst i could scroll back atm ) with the expeption of 2009 (say: QE1)...currently, everything is again perfectly set up for it - stocks at (new) highs, dollar at multi week lows breaking and clearing the april low orders/stops...gonna be interesting...will Benny or Mario come up with smth that strong to offset what seems to be inevidable ?
 
 
  • Comment #29
  • Quote
  • May 1, 2013 6:05am May 1, 2013 6:05am
  •  Guest
  • | IP XXX.XXX.100.3
what next for eu???
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.47.240
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  • Story Stats
  • Posted: Apr 30, 2013 9:40am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 29  /  Views: 6,937
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