EURUSD

where is this pair going? up down up down? Just seems too dangerous to jump in before the IR cut...

By the looks of my chart below, where would YOU expect it to go...? Maybe jump in after news if you can get a good price.

Hey Kevin,
Hope u are fine Bud,
I am looking for Dip in EU.. waiting.. Maybe selling continue until FOMC .. Let's see..

There's a saying that if everyone is expecting it to go up, then it will actually come d...o..... Maybe the big boys will clear all the stops on its way down first before letting it go up.

75 cut or 1 pct cut it will go up, even with a 0.5 cut still is up..

I think i will go half hour before the cut rate in a nice dip.

Only south i see and that dosen't change.

The problem is that i cannot see where my tp will be. If i will not put a correct one the correction will be like on the major news here.

My gut says EUR sell off on any rate cut.

75 is priced in most likely. 1% would be something that could drive it higher and it's not out of the question. .50 will may call for a decent to major correction.

The only thing you can really count on is massive volatility. I would adivse everyone to stay out of the market until after the announcement. The pair will likely test levels in a broad range over a very very short period just after the release.

These questions gets answered today when Fed give rate decisions. Best advice I read is to sit wait for rate decision. Banks can use volatility to hunt the stops. I will not trade this will wait for confirmation after Fed decision given.

As Kevin clearly shows, direction is NORTH! Inflation under moderate control as of this a.m., market is focused on the strong earnings also reported this a.m., and the feds plan may quite possibly be the delivery of the full 1.00% cut the market is expecting. There is going to be volitility in all pairs when the announcement comes, however, not as extreme as previous announcements. This pair will take off at least 80 pips or so on a full 1% cut, as will Eur/Jpy (120 pips?). Perhaps an easier, less volatile trade will be going long on the Aus/Usd as it has been very easy to trade on fed decisions. That pair seems to head in the appropriate direction per the news release and has very concise (fibonacci) price levels to trade immediately after news. Besides, the fed would be in a tough position to deliver a decision that would irritate the market, as it has just recently dumped overnight lending rates to assist Bear Stearns debacle. Just a humble opinion from a forum lurker. Best of luck with your trading ladies and gents.

Well.. Dow is already 200+ points.. so i will stay away to pick any Eu trade.. I will pick Carry trades.. like UJ ..
I guess carry will shot up.
Low interest rate, More money will be loaned from banks, and will be funded into DOW, and Maybe Dow will spike up and UJ will be positive. not sure about EU.. I will wait and will see for EU to make a good Dip to join.
Interesting to see people's view regarding Lower interest rate.

Has the $ and the US lost so much favor that the IR changes were a non-event or is the only way to make it an event is to go up/down from "predicted" changes? Anyway, the trend is still up.

Well after interest rate statement it looks as if its taken a bearish tone, but is not going anywhere fast. It keeps retracting back to the 1.5768 pivot.

Cleaned up on EURAUD short....

still this Forex is starting to bore me...

I am on both euro$ and eur/aud

Rode the whole thing out from 10 min before announcement.

I expect to see it continue through asia at the very least. Days would be nice.

The whole market knows the $ is too low and the others are too high and just begging for a reason to bring the $ back up. News this morn wasn't neg either.

This could be the start of a top. People won't be able to resist the great interest rates long, before they refinance everything they have and start buying homes again.

America needs to go shopping and spend a bunch of money this month.

I know I plan on a refi now that Interest Rates are lower... I've been waiting for this latest drop before my rates start adjusting in June.

At any rate, I've got 20% extra in my account today, so I'm done for now. Have fun, and happy trading.

And support the economy! The Chinese economy :-)

if the crisis is in the credits... lowering the interest rate... solves the problem ?? I don't understand anything... I think it gets worse because more loans.. more debt.... I am still long euro... poor dollar...

I don't see a thread on eur/aud.

IMHO this talk about .75 being dollar positive is just journalism to me.

new home construction way down still, no news.

Greenspan wrote a nice op-ed in the FT yesterday about how much more room there is to go, before any of this extra-air in the bubble is gone.

It's getting absorbed, but it's gonna take some time.

Meanwhile I still feel that the dollar is weak and see no reason to believe otherwise.

I see those technical pullbacks as nothing but an excuse to buy EUR.

Guys, thats what America is all about. Spending money you don't have. If its buying chines made products or Japanese, or what ever as long as there purchased here in our retail store were going to get better.
Why you ask?
Good question.
Consumer confidence and consumer spending is a direct reflection on what our economy is doing. If people are taking out loans, and spending money they don't have they believe things are good to be able to maintain long term payments.
If the consumer is confident he/she is not going to hesitate to buy that house they've always wanted.
If the consumer believes things are bad there going to save there money and not spend so much. Witch in turn makes the economy look bad, so the public continue to not spend, and the news continues to look bad, and the dollar continues to fall, so people spend less, and that makes the $ go further down, so people spend even less, and when does this snow ball thing STOP?
When some one steps up and gives it a shove in the right direction. Make the interest rates so low consumers can't resist buying houses, and refinancing loans, witch will give them cash to spend. Wich will make the $ move up, and the news reports will make substantial gains in pos. direction and in turn make the $ go up more, and people will spend more, and news will keep looking better, and the $ will gain more and people will spend more......DUHH ....its all psychology. People don't care what it really is, just what it looks like, don't you know..(in America)