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  • EUR/USD Rallies Ahead of the FOMC Minutes

    From fxtimes.com

    FOMC Minutes: The event risk for the USD side today will be the FOMC minutes set to be released at 2:00PM EDT. The market will be looking for clues on what the FOMC is thinking in regards to the timing of tapering off the pace of bond purchase. This will be based on its economic projections, and tone of whether it believes the economic recovery is on pace for tapering to start toward the end of 2013. It should be noted that market has already started pricing in USD-strength in anticipation of this prospect. Pullback: The EUR/USD is pulling back up after a low of 1.2754 during the 7/9 session. So far the pullback is ... (full story)

  • #1
  • Quote
  • Jul 10, 2013 11:45am Jul 10, 2013 11:45am
so what will happen? this will reverse the market like previous month's 19th? USDJPY will go up or down?
  • #2
  • Quote
  • Jul 10, 2013 12:15pm Jul 10, 2013 12:15pm
Quoting xetrader
so what will happen? this will reverse the market like previous month's 19th? USDJPY will go up or down?

If I have known this i would have put all my money in one direction , Just wait for the news and its effect on market after that decide your direction.... Happy Trading.
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #3
  • Quote
  • Jul 10, 2013 1:12pm Jul 10, 2013 1:12pm
Let me tell you what will happen.
euraud, eurusd, eurnzd, gbpusd, gbpnzd, gbpaud will go down
usdchf, audchf will go up
gold is sell stop 1245, buy stop 1265
usdyen is a buy stop at 100.75
  • #4
  • Quote
  • Jul 10, 2013 1:16pm Jul 10, 2013 1:16pm
Quoting okanemici
Let me tell you what will happen.
euraud, eurusd, eurnzd, gbpusd, gbpnzd, gbpaud will go down
usdchf, audchf will go up
gold is sell stop 1245, buy stop 1265
usdyen is a buy stop at 100.75
Nice one and you might be right on all scores we will just have to wait and see.
  • #5
  • Quote
  • Jul 10, 2013 1:19pm Jul 10, 2013 1:19pm
  •  Trader#88EE
  • | Status: Unregistered Trader
yes, no question, I can say with 99% probability, using my proprietary technical indicator, that USDJPY will go up or down.
  • #6
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  • Jul 10, 2013 1:43pm Jul 10, 2013 1:43pm
the euro move from here to fomc should be the tell. i like fading it.
  • #7
  • Quote
  • Jul 10, 2013 1:44pm Jul 10, 2013 1:44pm
  •  Trader#88EE
  • | Status: Unregistered Trader
haha, wouldn't be the first time time I got banned for life. would be the first time that I bust a trading account though, after trading full time for over 5 years. definitely not mima here.
  • #8
  • Quote
  • Jul 10, 2013 1:44pm Jul 10, 2013 1:44pm
Quoting Guest
yes, no question, I can say with 99% probability, using my proprietary technical indicator, that USDJPY will go up or down.

hahahhaha, 99.99%
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #9
  • Quote
  • Jul 10, 2013 1:45pm Jul 10, 2013 1:45pm
Quoting okanemici
Let me tell you what will happen.
euraud, eurusd, eurnzd, gbpusd, gbpnzd, gbpaud will go down
usdchf, audchf will go up
gold is sell stop 1245, buy stop 1265
usdyen is a buy stop at 100.75

you forgot EurJpy.....
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #10
  • Quote
  • Jul 10, 2013 1:49pm Jul 10, 2013 1:49pm
gold sellers
  • #11
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  • Jul 10, 2013 1:53pm Jul 10, 2013 1:53pm
Quoting Mafia
you forgot EurJpy.....
euryen is sell stop 128.60
  • #12
  • Quote
  • Jul 10, 2013 1:55pm Jul 10, 2013 1:55pm
Quoting okanemici
euryen is sell stop 128.60

I already sold at 128.90
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #13
  • Quote
  • Jul 10, 2013 1:59pm Jul 10, 2013 1:59pm
Quoting Mafia
I already sold at 128.90
Better to be patient but if you have good money management no problem, it should go down You should have a stop at 129.60 .
  • New Comment
  •  Trader#7AB3
  • | Status: Unregistered Trader
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  • Posted: Jul 10, 2013 11:10am
  • Submitted by:
     fxtimes
    Category: Technical Analysis
    Comments: 13  /  Views: 4,132