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EURUSD

  • #1,162,801
  • Feb 19, 2020 9:43am Feb 19, 2020 9:43am
all the investment banks have become euro seller, the situation is very bad, stay away from buying euro ,protect your money, there are other opportunities.....
  • #1,162,802
  • Feb 19, 2020 9:57am Feb 19, 2020 9:57am
Quoting arash66110
all the investment banks have become euro seller, the situation is very bad, stay away from buying euro ,protect your money, there are other opportunities.....
Stay away or jump on the bandwagon. It looks like USD is headed for 100. It's going to be interesting to see how this plays out. I haven't closed my longs yet, but it is getting closer to the threshold.

I'm just glad I am conservative when it comes to risk. I can handle heavy drawdown because of this.
Learn from your mistakes and march on.
  • #1,162,803
  • Feb 19, 2020 10:51am Feb 19, 2020 10:51am
Any EUR buyers, any "volume" forex traders, strong advice is if you have longs on EUR close them and save your account. If you are planning to buy EUR advice is don't. Trade safe.

Can't wait for this Friday to see commitment of traders numbers. So eager to know how many non-commercial traders have added short positions on EUR.
  • #1,162,804
  • Feb 19, 2020 12:28pm Feb 19, 2020 12:28pm
Quoting Techanalyst
Any EUR buyers, any "volume" forex traders, strong advice is if you have longs on EUR close them and save your account. If you are planning to buy EUR advice is don't. Trade safe. Can't wait for this Friday to see commitment of traders numbers. So eager to know how many non-commercial traders have added short positions on EUR.
i saw strong short covering before ecb, i am on the sidelines
  • #1,162,805
  • Feb 19, 2020 12:32pm Feb 19, 2020 12:32pm
Quoting PatienceFx
{quote} quitting all shorts h1 & h4 has a beautiful macd divergence 1.07937 to be a good support for this corrective wave Q1 started at 1210 and price has dropped 400+ pips , a 150 pip correction may happen now {image}
14 hours of sideways action after my close lol
  • #1,162,806
  • Feb 19, 2020 1:11pm Feb 19, 2020 1:11pm
Perfect time for Bulls to step in
  • #1,162,807
  • Feb 19, 2020 1:14pm Feb 19, 2020 1:14pm
scratch that
  • #1,162,808
  • Feb 19, 2020 1:23pm Feb 19, 2020 1:23pm
Quoting here2there
{quote} This is very bad for the Euro.
For big Euro-bank real profit margins, maybe, barely. The stock market is high though, the US Dollar rally will strengthen the Euro (compared to US Dollar) further ahead of the future.
Count Of Antwerp
  • #1,162,809
  • Feb 19, 2020 1:31pm Feb 19, 2020 1:31pm
Quoting Techanalyst
{quote} But America retains its No. 1 rank when measured by nominal GDP. Western European country that is richer, apart from oil-rich Norway and a few tiny countries. ... Unfortunately for progressives, Europe is much poorer and less happy than Denmark. Indeed the US is roughly 40% to 50% richer than the EU on a PPP basis. Just couple of reasons why US is ahead of Europe. The European Central Bank has been keeping the governments on life-support buying government bonds at artificially reduced rates of interest.
Presumptuous of you.

Most of the included quotes from you above (I cut the rest out) is either not quite the truth or shouldn't (or doesn't) impact major currency exchange rates.
Count Of Antwerp
  • #1,162,810
  • Feb 19, 2020 2:57pm Feb 19, 2020 2:57pm
The bears have stopped for now. Still on the sidelines awaiting the next swing. There may be a pull back. There’s a time to trade and a time not to trade and now’s the time not to.
  • #1,162,811
  • Feb 19, 2020 3:09pm Feb 19, 2020 3:09pm
Quoting countaccrue
{quote} Presumptuous of you. Most of the included quotes from you above (I cut the rest out) is either not quite the truth or shouldn't (or doesn't) impact major currency exchange rates.
I will stop talking to you about the economy and trading, because from your conversation, you have absolutely no idea how trading and economy works. Read what I wrote over and over and over and over again, until it sinks into your brain. That is not me, that is the lessons I learned through the years of trading and reading about the economy, analysis, macroeconomics and microeconomics. All of that impacts currencies. It's something that you should know, but clearly you have no idea yet. But read and learn and practice. You have long way yet to become a full time forex trader. It takes years.
  • #1,162,812
  • Feb 19, 2020 6:25pm Feb 19, 2020 6:25pm
Quoting PatienceFx
{quote} i saw strong short covering before ecb, i am on the sidelines
I warned you guys
  • #1,162,813
  • Feb 19, 2020 6:48pm Feb 19, 2020 6:48pm
Just posting this cause it makes me laugh after seeing certain things. This post is not meant as a dig at any one poster.

Attached Image (click to enlarge)
Click to Enlarge Name: financial_adviser-financial_advisers-investor-investment-bank-money-banking-CX305468_low.jpg Size: 118 KB
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,162,814
  • Feb 19, 2020 7:45pm Feb 19, 2020 7:45pm
Will be funny to see the market reset under the recent low... but honestly it could go either way.
  • #1,162,815
  • Feb 19, 2020 7:50pm Feb 19, 2020 7:50pm
Moved my stop loss further down. Fundamentals tomorrow, anything can happen in that particular moment. Market can react either way. Also in case it goes back up to supply zone 1.10xx. If it goes there, I will be looking to re-enter sell position. Overall my analysis on EURUSD is bearish long term. Trade safe.
Attached Image (click to enlarge)
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  • #1,162,816
  • Feb 19, 2020 8:59pm Feb 19, 2020 8:59pm
Quoting Techanalyst
Moved my stop loss further down. Fundamentals tomorrow, anything can happen in that particular moment. Market can react either way. Also in case it goes back up to supply zone 1.10xx. If it goes there, I will be looking to re-enter sell position. Overall my analysis on EURUSD is bearish long term. Trade safe. {image}
Me too
  • #1,162,817
  • Feb 19, 2020 9:12pm Feb 19, 2020 9:12pm
See how USD conveniently drastically reduced volatility around 2014 highs, now going sideways at long-term resistance. Very obvious manipulation.

Buy EUR/USD while negating overnight rates by pivoting.
Count Of Antwerp
  • #1,162,818
  • Feb 19, 2020 9:24pm Feb 19, 2020 9:24pm
Quoting Techanalyst
{quote} No buying explanation in that chart. Nothing but bearish, and reaching and breaking below institutional fresh demand zones over and over again. The USA economy is fueled by abundant natural resources, a well-developed infrastructure, and high productivity. It has the seventh-highest total-estimated value of natural resources, valued at $45 trillion. As of 2018, the largest economy in the world is China when measured by PPP. The EU is second and the United States is third. But America retains its No. 1 rank when measured by nominal GDP. Western...
More critique on that perspective

"ECB has been keeping the governments on life-support buying government bonds at artificially reduced rates of interest."
ECB buying government bonds is not much different than any central bank buying interest rates or lending...

"The US economy is holding up the world right now"
The US is a draining consumption machine, if you want to think technically having an export deficit should net-weaken a currency.

"Europe is broke"
Then why are all the interest rates in Europe so low? Remember the Fed has a larger balance sheet than the ECB.

"The US economy is growing at a faster pace"
Employment is near full in the USA, more importantly.
Count Of Antwerp
  • #1,162,819
  • Feb 19, 2020 9:37pm Feb 19, 2020 9:37pm
Quoting countaccrue
{quote} More critique on that perspective "ECB has been keeping the governments on life-support buying government bonds at artificially reduced rates of interest." ECB buying government bonds is not much different than any central bank buying interest rates or lending... "The US economy is holding up the world right now" The US is a draining consumption machine, if you want to think technically having an export deficit should net-weaken a currency. "Europe is broke" Then why are all the interest rates in Europe so low? Remember the Fed has a larger...
Interest rates are lower just like in Canada, because if they were to raise it, it would be a collapse, recession. People in this case can only afford so much to pay the monthly bills and expenses. That is why interest rates are low. Look up interest rates and why sometimes they are low and high, but you have to do deep analysis. In Canada housing market is very high. But they are keeping lower interest rates that way people can afford mortgages. Again US is holding up the world right now. Facts look it up. US unemployment rate is 3.6% as of 2019. The unemployment rate will average 3.5% in 2020. It will bump up to 3.6% in 2021 and 3.7% in 2022. That's lower than the Fed's 6.7% target.

ECB buying bonds is different than central bank and interest rates.
"Since March 2015, the European Central Bank (ECB) has been buying government bonds (also known as 'sovereign' bonds) as well as some corporate bonds in huge volumes, at a rate of 60 billion a euros month. The problem with EU is there are only very few Western Europe countries that are in good economical standing. The rest are small and only live off tourism. Everything else like, manufacturing, agriculture, service jobs are hard to find. So whenever a EU country needs money, they have to loan the money to that country, that will never be able to pay back the loan. Now that brexit happened and England is on their own, it is even harder for EU financially.

Facing weak growth and low inflation, the ECB decided to start buying debt indefinitely. ... Those safeguards include buying no more one third of each country's debt and buying bonds according to each country's shareholding in the ECB, commonly known as the capital key.

When a central bank buys bonds, money is flowing from the central bank to individual banks in the economy, increasing the money supply in circulation. When a central bank sells bonds, then money from individual banks in the economy is flowing into the central bank, reducing the quantity of money in the economy.
  • #1,162,820
  • Feb 19, 2020 9:54pm Feb 19, 2020 9:54pm
Quoting countaccrue
{quote} More critique on that perspective "ECB has been keeping the governments on life-support buying government bonds at artificially reduced rates of interest." ECB buying government bonds is not much different than any central bank buying interest rates or lending... "The US economy is holding up the world right now" The US is a draining consumption machine, if you want to think technically having an export deficit should net-weaken a currency. "Europe is broke" Then why are all the interest rates in Europe so low? Remember the Fed has a larger...
only because oil is sold in usd
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