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EURUSD

  • #1,901
  • Jul 6, 2007 6:10am Jul 6, 2007 6:10am
crazy stuff... it's flying
Trade what you see, not what you think.
  • #1,902
  • Jul 6, 2007 6:23am Jul 6, 2007 6:23am
I guess market have just decided to tease all the traders. According to fundamentals it should go down, am I right? But as we can see it moves upwards. It's quite messy
  • #1,903
  • Jul 6, 2007 6:26am Jul 6, 2007 6:26am
The pair is kinda confused at the moment
Trade what you see, not what you think.
  • #1,904
  • Jul 6, 2007 6:47am Jul 6, 2007 6:47am
Quoting Mindaugas
I guess market have just decided to tease all the traders. According to fundamentals it should go down, am I right? But as we can see it moves upwards. It's quite messy
I see..... Manipulation If you wait, it will follow the fundamentals
  • #1,905
  • Jul 6, 2007 7:08am Jul 6, 2007 7:08am
This pair is CRAZY!!!!!!!!!!!!!!!!!!!!!!!
  • #1,906
  • Jul 6, 2007 7:13am Jul 6, 2007 7:13am
Houstan we have a problem! Do we have to go up or down?
  • #1,907
  • Jul 6, 2007 7:14am Jul 6, 2007 7:14am
Quoting FF001
This pair is CRAZY!!!!!!!!!!!!!!!!!!!!!!!
Every pair is crazy when you look closely but this is very weird i must say.

I have absolutely no idea why everyone is shorting the $ atm...

Anyone has an input on this ?

It's even loosing value versus the Yen !!! (yen is loosing value versus all other pairs)
  • #1,908
  • Jul 6, 2007 7:26am Jul 6, 2007 7:26am
Quoting melpheos
Every pair is crazy when you look closely but this is very weird i must say.

I have absolutely no idea why everyone is shorting the $ atm...

Anyone has an input on this ?

It's even loosing value versus the Yen !!! (yen is loosing value versus all other pairs)
Well I'm certainly no expert on fundamentals, but I think that typically a lack of reaction to a fundamental piece of news indicates that the news was expected, or in other words, the price already accounts for what was expected. Even if the 'expected' price was lower/higher than the actual, if everyone already expected it then price already 'contains' that information. Maybe?

Also, maybe it's got something to do with last month's NFP number being a good bit higher than this one's. Who knows, that's why I'm not a fundamentals trader, and especially not a news trader! NFP can be the #1 payday for a news trader in a month--sorry for those folks right now! They'd be lucky if they made 20 pips in that trade after spreads.
  • #1,909
  • Jul 6, 2007 7:34am Jul 6, 2007 7:34am
Quoting JoshDance
Well I'm certainly no expert on fundamentals, but I think that typically a lack of reaction to a fundamental piece of news indicates that the news was expected, or in other words, the price already accounts for what was expected. Even if the 'expected' price was lower/higher than the actual, if everyone already expected it then price already 'contains' that information. Maybe?

Also, maybe it's got something to do with last month's NFP number being a good bit higher than this one's. Who knows, that's why I'm not a fundamentals trader, and especially not a news trader! NFP can be the #1 payday for a news trader in a month--sorry for those folks right now! They'd be lucky if they made 20 pips in that trade after spreads.
I like this explanation yet if the price is accepted before hand, why the pair would move so much after the release of the figures ?

€$ has moved 70 pips from the bottom of the spike which is the daily average but in ONE hour only...
  • #1,910
  • Jul 6, 2007 8:01am Jul 6, 2007 8:01am
This is how big bank make easy money, by taking opposite position then the traders expect pushing the price by more than 150 pips until all our accounts are cleaned out.
  • #1,911
  • Jul 6, 2007 7:48pm Jul 6, 2007 7:48pm
Hi Guys,
This is latest FX news swirling around the EUR/USD trades,
The US dollar rises against low-yielding currencies such as yen. US has shown high development in employment sector adding 132,000 jobs in June. The labour market has got stronger and this is really going to help US economy...

At 1345, shortly after the data's release, the pound had dipped to 2.0065 usd from around 2.0100 usd, while the euro spiked lower before recovering to 1.3574 usd, from around 1.3600 usd just before. The yen weakened further to 123.45 to the dollar from 123.20 just before the data.

What say??
Keep trading! No speculation - true Forex calculation...
  • #1,912
  • Jul 7, 2007 6:28am Jul 7, 2007 6:28am
Quoting MPP
I think 1.3685 27 apr 07, based on the info on my chart.
Thanks for the info...
  • #1,913
  • Jul 7, 2007 9:51am Jul 7, 2007 9:51am
Quoting justineFX
Hi Guys,
This is latest FX news swirling around the EUR/USD trades,
The US dollar rises against low-yielding currencies such as yen. US has shown high development in employment sector adding 132,000 jobs in June. The labour market has got stronger and this is really going to help US economy...

At 1345, shortly after the data's release, the pound had dipped to 2.0065 usd from around 2.0100 usd, while the euro spiked lower before recovering to 1.3574 usd, from around 1.3600 usd just before. The yen weakened further to 123.45 to the dollar from 123.20 just before the data.

What say??
I say the sterling will pull a leash on eur this time around.
  • #1,914
  • Jul 7, 2007 11:01am Jul 7, 2007 11:01am
EU needs to break 3650 area to continue it's upward trend

http://img239.imageshack.us/img239/6381/eu1dv9.png
Trade what you see, not what you think.
  • #1,915
  • Jul 9, 2007 5:35pm Jul 9, 2007 5:35pm
http://bp0.blogger.com/_5TTeA1rJPbE/...007%2Bcopy.jpg


Higher, to above 1.3659


trade Idea's
wait until correction finish,still looking an opportunity to buy and slide into profitable wave peace...

Al yaqen's
[color=#0000FF][email protected][/color]
  • #1,916
  • Jul 10, 2007 1:35am Jul 10, 2007 1:35am
Any idea why €$ is going up like crazy ?

No announcement, no news, no fundamental reason... Just market sentiment ?
  • #1,917
  • Jul 10, 2007 2:29am Jul 10, 2007 2:29am
Quoting melpheos
Any idea why €$ is going up like crazy ?

No announcement, no news, no fundamental reason... Just market sentiment ?

UK clearer on the bid side.

  • #1,918
  • Jul 10, 2007 3:34am Jul 10, 2007 3:34am
Ive gone short at 1.3650, stop loss just above the last previous high on 5th July. I believe Euro has risen to fast and we will see a move down.

USD/CHF also showing early signs of reversing direction.
  • #1,919
  • Jul 10, 2007 3:52am Jul 10, 2007 3:52am
If you look at the daily we are seeing a double top.

Even if I'm wrong and we break the 3650 region we are very likely to see a fib retracement from 3260 prior to another strong move north.

I won't sell against the trend but I believe we are headed down for the next few days.
  • #1,920
  • Jul 10, 2007 6:20am Jul 10, 2007 6:20am
teh EUR is on teh steroidz
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