EurAnalysis

news was mixed and € failed to break above the 3000 level, so I closed my last long taken after the pull back to the R 1 level and took an initial short......now to see what the NYSE Open brings....

The PA is too calm.

Calm before the storm

http://www.hdwallpapersarena.com/wp-..._screen600.gif

Indeed - two questions, will the storm wait until December? - i.e after the weekend....and will we get a nice stop sweeping push up to allow us to load up for the south bound express?.....as always, time will tell

Tomorrow is month-end, and for many funds, year-end. So buckle your seat belts. It should be an interesting ride till January.

EU CRISIS ROAD MAP: Key Milestones Ahead

By WILLIAM KEMBLE-DIAZ (WSJ)

Greece's international creditors have cobbled together an agreement to plug its short-term funding gap but several issues remain if the country's overall stock of debt is to fall to sustainable levels, including the results of a discounted buyback of government bonds by Dec. 12, while in Italy national elections in the spring are soon likely to zoom into view even though a date has not yet been set for them.

By unlocking about 44 billion euros early next year in long-delayed bailout payments, Greece's latest deal could give its fragile coalition government a lift. But more cost-savings and structural reforms may yet be required further down the line to achieve the targeted debt reduction, not least because many economists expect the ravaged Greek economy to continue struggling through 2013 and 2014.

With the rest of the euro zone economy also in recession, next week's European Central Bank meeting will be scanned for any hints of further monetary easing.

Meanwhile, in Spain the focus remains on its capacity to continue raising funds and the still-outstanding government request for financial help from the ECB and its euro-zone partners, to bring its borrowing costs down.

This is the known worry list:

--Thursday, Nov. 29: Italian bond auction. German November unemployment data.

--Friday, Nov. 30: German parliament to vote on Greek deal.

--Saturday, Dec. 1: Spanish "bad bank" becomes operational.

--Sunday, Dec. 2: Second round of primary election to choose the prime ministerial candidate of Italy's Democratic Party, which is currently leading the polls.

--Monday, Dec. 3: Final euro-zone November manufacturing PMI data. Euro-zone finance ministers meeting.

--Tuesday, Dec. 4: European Union finance ministers meeting.

--Wednesday, Dec. 5: German and Spanish bond auctions. Final euro-zone November services PMI data. Irish government details EUR3.5 billion in austerity measures for its 2013 budget.

--Thursday, Dec. 6: ECB interest rate decision and press conference. French bond auction. French third-quarter unemployment data. Revised EU third-quarter GDP data.

--Friday, Dec. 7: Greek and Portuguese third-quarter GDP data. German October industrial production.

--Monday, Dec. 10: French October industrial production data. Italian third-quarter GDP data.

--Tuesday, Dec. 11: Spanish T-bill auction. Greek T-bill auction. German ZEW December economic sentiment indicator.

--Wednesday, Dec. 12: Italian T-bill auction. Date by which buyback of Greek bonds must be completed.

--Thursday, Dec. 13: Italian and Spanish bond auctions. EU Summit.

--Friday, Dec. 14: EU Summit. EUR4.15 billion in Greek T-bills come due.

--Monday, Dec. 17: Flash euro-zone December PMI data.

--Tuesday, Dec. 18: Spanish and Greek T-bill auctions.

--Wednesday, Dec. 19: Portuguese T-bill auction. German Ifo December business climate index.

--Thursday, Dec. 27: Italian T-bill auction.

--Friday, Dec. 28: Italian T-bond auction. French final third-quarter GDP data.

--Wednesday, Jan. 2: Final euro-zone December manufacturing PMI data.

--Thursday, Jan.3: Euro-zone November M3.

--Friday, Jan. 4: Final euro-zone December services PMI data.

--Wednesday, Jan. 9: German November industrial production.

--Thursday, Jan. 10: French November industrial production. Spanish bond auction. ECB interest rate decision and press conference.

--Tuesday, Jan. 15: Spanish T-bill auction.

--Thursday, Jan. 17: Spanish bond auction.

--Tuesday, Jan. 22: German ZEW January economic sentiment indicator. Spanish T-bill auction.

--Wednesday, Jan. 23: German Ifo January business climate index

--Thursday, Jan 24: Flash euro-zone January PMI data.

--Monday, Jan. 28: Euro-zone December M3.

IF no bad news and if we close above 1.3000 and October closing was 1.2967 more likely north bound IMHO.

Van Hollen Ranking Democratic member of budget committee: Not close to a fiscal deal

Thank you Van Hollen. Now I feel better for holding these Aud neg. swap trades for so long. Where's Maxwell the Piggy?

Excellent - as I cut my teeth on The Dragon back when it was ~250 with an ADR of 300 - 400 pips I look forward to plundering buckets full of pips

Closed my sell for a wash and reversed to catch that spike and then sold the break back under the 3000 level

The closed 15 min is a HUGE ulta high volume bearish engulfing candle, so its looking as if the south bound express is about to leave the station....TWT

Bingo!!! Short at 1.2995

Where did you short AUD and where is the target?

I hear what you are saying and given the month end tomorrow on a Freaky Friday, I'm remaining in day-trading mode and banking as soon as I see a loss of momentum....like just now

pending short hitted at 1.3005, nice move

green pips to all

I shorted at 1.0475. My target is at 0.9800 where I will unload 50% of my position and let the rest ride. I also plan on scaling in with more as PA allows.

What about you My10KHrs?

excellent

bearish is weakening?
just 30 pips

My longs from 1.028x - 1.03xx. Guess I might enjoy the positive swap for few more days

Thats a trading tool that small money will never have (besides technical and fundamental analysis) - PR Communication