SHORT the EUR/USD!?!

Is anyone or everyone going to short the EUR/USD or GBP/USD on the rumer that Osama Bin Ladin is dead?
I can only imagine this would cause a short term spike toward the USD, then again maybe it's like crying wolf for the fourth time.
Whatcha think?

Where did you get this rumor?
From the boy that cried wolf?

Seriously, where did you get this rumor?

http://news.bbc.co.uk/1/hi/world/europe/5374998.stm

http://news.bbc.co.uk/1/hi/world/europe/5374160.stm

Interesting!

Thanks for the articles; lets watch Asia Open in about 8 hours and see how they react to it.

Nothing will happen!....Just rumors! (Ben Laden daid)

As a newstrader fond of FA, I wouldn't establish a short position on that rumor, but I would short EUR/USD based on the following TA:

(1) 5 ema crossed below both the 12 and 18 emas;
(2) there's a beautiful pin bar on the 1 hour chart that touched the TL, both signaling potential reversals;
(3) after the pin hit the TL, it retraced to the first fib of 23 (1.2785 EUR/USD) where it stalled, probably due to the weekend;

Current price is 1.2792 at 23:11 gmt. If the 5 ema breaks through the 28 ema, and price drops below 1.2780, then I'd say short is a good thing.

Just information; not a recommendation.

The death of Osama is pretty much accepted for now as a rumour. Most people are calling for longs of uro/usd and gbp/usd based on weak us data. Just what most are thinking any way.

I think if the US GOT Osama then we might see some downspike action. Long ago someone else said and I took up the saying..." Lets hope we are all long on the dollar when we get Osama"

More interesting is this taken off of the F X C M squawk box a couple of minutes ago:

September 25: The early USD strength has dissipated and the EUR/USD has edged
back towards 1.2800 after good buying interest between 1.2770/80 discouraged
attempts lower. EUR/USD sellers are lined up between 1.2800/10 and with talk of
a 1.2650/1.2850 DNT option making the rounds it is unlikely we will see the
EUR/USD gain too much ground ahead of key US housing data later today. The
EUR/USD trades 1.2797/1.2802. [email protected]


This is the kind of info that answers questions like : Why did that move stop there?

Lou

Why would getting Bin Laden or hearing of his death cause an impact? The whole world knows al-qaeda is a group, not one person.

In my mind any impact,if any, would be extremely short term.

I think it is strickly a psychological thing.

this rumour is bull$***