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larryw Oct 23, 2019 3:21pm | Post# 45641

{quote} Why this sudden spike up in euro
it is not sudden, accumulating for 5 hours, day candle from red to green, and EJ up all day, GU also up, all environment point to up.

Boulder Oct 23, 2019 3:21pm | Post# 45642

{quote} Me too shorted 1137..the pound upmove is the culprit for sudden spike in euro.both moved up same time. Today is triple swap day and euro going up strange..
FED added more liquidity ,,,

euroboy2208 Oct 23, 2019 3:24pm | Post# 45643

{quote} FED added more liquidity ,,,
Thanks for the info

Boulder Oct 23, 2019 3:26pm | Post# 45644

{quote} Me too shorted 1137..the pound upmove is the culprit for sudden spike in euro.both moved up same time. Today is triple swap day and euro going up strange..
basically like QE... stock markets have no reaction to the news... DOW still in red... they don't care much anymore it seems....
This morning, I did mentioned its over submitted each time for POMO since last week... the Fed has to do something......

Boulder Oct 23, 2019 3:29pm | Post# 45645

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{quote} Thanks for the info
,,here is the info..
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Mitiblotch Oct 23, 2019 3:30pm | Post# 45646

{quote} it is not sudden, accumulating for 5 hours, day candle from red to green, and EJ up all day, GU also up, all environment point to up.
Exactly. The whole day this thing was accumulating, creating micro W patterns. I will be careful before entering a short tomorrow because if this was one heavy accumulation today then we will see really high prices tomorrow.

Mitiblotch Oct 23, 2019 3:34pm | Post# 45647

{quote} ,,here is the info.. {image}
I read up a lot on POMO and SOMA. This POMO is basically reducing interest rates. It is as simple as that . Aren't they intentionally trying to weaken the Dollar? Also, it just simply means that they may just keep cutting the actual rates.

Boulder Oct 23, 2019 3:39pm | Post# 45648

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the schedule...
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Boulder Oct 23, 2019 3:42pm | Post# 45649

{quote} I read up a lot on POMO and SOMA. This POMO is basically reducing interest rates. It is as simple as that . Aren't they intentionally trying to weaken the Dollar? Also, it just simply means that they may just keep cutting the actual rates.
I think its more like from one pocket ( the Fed) to another pocket ( The Treasury) .. The treasury needs 120 billion by the end of the year,..so the Fed is providing it ...
maybe that is how Powell said.'.QE not QE'...

Fadhl Oct 23, 2019 3:46pm | Post# 45650

{quote} Why this sudden spike up in euro
It might also be this: https://www.forexfactory.com/news/95...usly-according
Brexit deal is happening! Now it will depends on the delay: is it few days or until January 2020?
If few days, EU and GU should drop! If until January, they fly.

Boulder Oct 23, 2019 4:04pm | Post# 45651

{quote} Me too shorted 1137..the pound upmove is the culprit for sudden spike in euro.both moved up same time. Today is triple swap day and euro going up strange..
I closed one at 1133 from 1137, +4..another one I did BE+1..good luck... tomorrow is ECB... Draghi last conference,,,it wont be easy for anyone, bulls or bears...

euroboy2208 Oct 23, 2019 4:16pm | Post# 45652

{quote} I closed one at 1133 from 1137, +4..another one I did BE+1..good luck... tomorrow is ECB... Draghi last conference,,,it wont be easy for anyone, bulls or bears...
Booked now 1132..what a relief..seems like up day tomorrow..

gatorinla Oct 23, 2019 4:53pm | Post# 45653

liquidity is not right. Remember 2007? Dancing in the streets, till July 2008.
Inserted Video

gatorinla Oct 23, 2019 4:54pm | Post# 45654

longs got lucky, nobody knew the Fed would increase.

gatorinla Oct 23, 2019 4:56pm | Post# 45655

Bankruptcy September 2008.
https://en.wikipedia.org/wiki/Lehman_Brothers

March 2008
https://en.wikipedia.org/wiki/Bear_Stearns

thelws Oct 23, 2019 8:04pm | Post# 45656

longs got lucky, nobody knew the Fed would increase.
News can change things.
Given that this is now the new development, the case for eu longs has strengthened again.

1.1125 should be a floor now. If bulls can hold that level and break 1.1138, we might see higher.
If bulls fail to hold 1125 then probably a false breakout.

1 last hurrah to 1.20 handle?

gatorinla Oct 23, 2019 8:36pm | Post# 45657

{quote} News can change things. Given that this is now the new development, the case for eu longs has strengthened again. 1.1125 should be a floor now. If bulls can hold that level and break 1.1138, we might see higher. If bulls fail to hold 1125 then probably a false breakout. 1 last hurrah to 1.20 handle?
Maybe, but if this was the case. 1148 a normal retrace should have been reached, without much effort. For some reason it hasn't atm. It wasn't reached and much adr was left on the table today. Another thing is we have ez news to come. Pa is struggling with this pump before news. Plus 4h has been in an uptrend for 56 periods. Sure that news does have some affect, so far 20 pips is dismal. Check out the chart posted for 1.085x. The 1/8 mark stopped the bulls. I dont think buying here is a good choice. I may be wrong this time, I'm often wrong. I know the 200emaday is near. I see the 175ema day was kryptonite the last push. If 1140 stopped this push, this time. The next push may be limited to a wick to 1142 or 1148. I knew it had a chance to hit 1148 last night. I'm surprised it hasn't yet when so close.

gatorinla Oct 23, 2019 8:42pm | Post# 45658

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{quote} Maybe, but if this was the case. 1148 a normal retrace should have been reached, without much effort. For some reason it hasn't atm. It wasn't reached and much adr was left on the table today. Another thing is we have ez news to come. Pa is struggling with this pump before news. Plus 4h has been in an uptrend for 56 periods. Sure that news does have some affect, so far 20 pips is dismal. Check out the chart posted for 1.085x. The 1/8 mark stopped the bulls. I dont think buying here is a good choice. I may be wrong this time, I'm often wrong....
depending on broker 1139.9 or 1141
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thelws Oct 23, 2019 8:49pm | Post# 45659

{quote} Maybe, but if this was the case. 1148 a normal retrace should have been reached, without much effort. For some reason it hasn't atm. It wasn't reached and much adr was left on the table today. Another thing is we have ez news to come. Pa is struggling with this pump before news. Plus 4h has been in an uptrend for 56 periods. Sure that news does have some affect, so far 20 pips is dismal. Check out the chart posted for 1.085x. The 1/8 mark stopped the bulls. I dont think buying here is a good choice. I may be wrong this time, I'm often wrong....
Looks like ez news will set the direction.
We might dangle in no man's land until then.

Mitiblotch Oct 24, 2019 2:09am | Post# 45660

Waiting to buy the London dip. I won't be much active today due to work. Got sent to a referral clinic and already have almost 20 patients booked for me to see. So won't have the comfort of my personal office and may not have much time. So, I'll buy the dip this morning and let it ride.


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