Disliked{quote} With you on that. Added one at 1016. So have two now 1014 and 1016. Ready to add.Ignored
2
- #44,362
- Oct 10, 2019 3:50am Oct 10, 2019 3:50am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
{quote} With you on that. Added one at 1016. So have two now 1014 and 1016. Ready to add.
and waiting -
- #44,364
- Oct 10, 2019 3:51am Oct 10, 2019 3:51am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
- #44,365
- Oct 10, 2019 3:57am Oct 10, 2019 3:57am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
- #44,368
- Oct 10, 2019 4:13am Oct 10, 2019 4:13am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} Hmnn I really can't agree with this analyst. 1)It is likely the usd is weakening in anticipation of a rate cut. If trade talks fail, it will increase the case for a rate cut. And data coming out this month hasn't been good at all. And that's what the market is pricing in currently. The funnymental guys i'm talking to are actually expecting the trade deals to fail. 2)No comment about the euro. 3)RSI is only useful when it's ranging. We just broke out of a range. High can always go higher. Price may pull back for a bit. But to go as far as...
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Trades technical moves enforced by fundamentals
- #44,371
- Oct 10, 2019 4:21am Oct 10, 2019 4:21am
- | Joined Nov 2008 | Status: Trader | 2,055 Posts
{quote} I guess my friend it's not about the rate cut anymore as rate deferential will still favour US Dollar over EU for investors who wants to park their money...plus if the trade deal get failed then it will hurt more EU than Dollar cause EU Eco specially German one is heavily dependent on China than US to China... ..I can be wrong but this is my understanding...
It seems like your analysis is a case for a stronger dollar. But that's not what's happening right now... Dollar is tanking quite a bit.
- #44,372
- Oct 10, 2019 4:24am Oct 10, 2019 4:24am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} Plz help me understand why is that dollar negative? It seems like your analysis is a case for a stronger dollar. But that's not what's happening right now... Dollar is tanking quite a bit.
Stronger Dollar not against all my friend I am talking about EU only here...I am selling Dollar against CAD, AUD, NZD short term.... and will change course on due time if trade talk get failed again..
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Trades technical moves enforced by fundamentals
- #44,373
- Oct 10, 2019 4:36am Oct 10, 2019 4:36am
- | Joined Nov 2008 | Status: Trader | 2,055 Posts
{quote} Stronger Dollar not against all my friend I am talking about EU only here...I am selling Dollar against CAD, AUD, NZD short term.... and will change course on due time if trade talk get failed again..
1)If you submit "interest differential" as a fundamental mover, people should be selling eurusd. This is not what's happening. And right now there are bigger fundamental movers than purely interest differential. Therefore it is also unlikely for this reason to cause EURUSD to fall in this relatively near term.
2)If you submit that EU will be hurt more than US due to the trade war, this is a case for sell eurusd. Which is again not what's happening right now. Assuming that EU really suffers more due to a slowing global economy, the best you can say is that EU is supposed to be weaker.
I'm just trying to understand your position because price doesn't seem to do what you're saying. Unless my understanding is wrong. And in that case, I'm hoping you can point out where is that flaw.
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But if you assume that the fundamental mover is US rate cuts, then this EU bull movement can be explained. If trade talks fail, together with weak fundamental data, fed is likely to reduce rates. So people will try to price in a rate cut which should be dollar bearish.
This also tells us what should happen if trade deals succeed. We should then see EU sell off on good news.
- #44,375
- Oct 10, 2019 4:52am Oct 10, 2019 4:52am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} I still don't get it... 1)If you submit "interest differential" as a fundamental mover, people should be selling eurusd. This is not what's happening. And right now there are bigger fundamental movers than purely interest differential. Therefore it is also unlikely for this reason to cause EURUSD to fall in this relatively near term. 2)If you submit that EU will be hurt more than US due to the trade war, this is a case for sell eurusd. Which is again not what's happening right now. Assuming that EU really suffers more due to a slowing global...
First of all ..I did sold EU above 1.10 today and will contunue to hold and add more until EU pass 1.11 handle...
I am not advocating stronger Dollar here ... only saying weaker EU to Dollar...
In regards to your rising EU..?? How long EU has been rising??...as you and I both know ...nothing goes in straight line...to my understanding this EU up move is a corrective one .
EU only up by about 150 pips from its recent low which barely changes the fact that its becoming Bullish from bearish. ....then again I said I can be wrong but this is my understanding.... peace my friend
I have been selling EU at high and will continue this strategy until I see a recovery in EU eco... until then bear it is...and this is just for EU for this year .
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Trades technical moves enforced by fundamentals
- #44,376
- Oct 10, 2019 4:58am Oct 10, 2019 4:58am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
{quote} my last one. above this i am only chatting
- #44,377
- Oct 10, 2019 4:59am Oct 10, 2019 4:59am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
- #44,378
- Oct 10, 2019 5:01am Oct 10, 2019 5:01am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
- #44,380
- Oct 10, 2019 6:27am Oct 10, 2019 6:27am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts