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  • #6,721
  • Apr 17, 2008 8:33am Apr 17, 2008 8:33am
Quoting Ultraman
what do you think about EURJPY
isn't moving up after EURUSD
bullish mode overall for EUR/JPY despite the merryl lynch losses..
i'm looking forward to buy this pair on dip..somewhere around 162.00 area..provided i have the signal from there..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,722
  • Apr 17, 2008 8:36am Apr 17, 2008 8:36am
Quoting anne_81
bullish mode overall for EUR/JPY despite the merryl lynch losses..
i'm looking forward to buy this pair on dip..somewhere around 162.00 area..provided i have the signal from there..
ic, im looking for buy arround 162.70 for confirmation
  • #6,723
  • Apr 17, 2008 8:43am Apr 17, 2008 8:43am
Quoting Jurrasic
Take the first 150-200 pips above 1.6, then see I think..
i'm added long at 1.5910 and 1.5920
and trail my long at 1.5950
  • #6,724
  • Apr 17, 2008 9:02am Apr 17, 2008 9:02am
heads up..philly fed is out in minutes
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,725
  • Apr 17, 2008 9:06am Apr 17, 2008 9:06am
worse than expected, -24.9 vs expected -15.0..
new orders and employment indexes were the big losers..
i wonder what would be the outcome for the next nfp result..
"Building Wealth By Confidence, Consistency, & Compounding"
  • #6,726
  • Apr 17, 2008 10:09am Apr 17, 2008 10:09am
Anyone still holding longs for that 1.6 ? I am new to trading the E/U. trying to learn it's characteristic's.
  • #6,727
  • Apr 17, 2008 10:34am Apr 17, 2008 10:34am
Quoting fxstman
Anyone still holding longs for that 1.6 ? I am new to trading the E/U. trying to learn it's characteristic's.
I am long with you. The unemployment information was better than expected but still bad. As a U.S. citizen, the vibe I get is one of cutting back of spending (saving for a rainy day). Personally, I work at a retail camping store, and it is noticeable how quiet it has been. I have a longstanding view that the U.S. economy will probably not recover until we get a new president to patch things up internationally.

There is always the possibility that our government is WANTING a weaker dollar to show the world how dependent they are upon USA. It's not that people are dependent for our exports, but they sure as hell love that we buy just about everything outside of our country. If America's dollars get too weak, we will shift our money to companies within, causing world economies to suffer (US dishes out quite a bit of money). This is a bit of a radical view IMO, but feasible.

The reality is probably a compounding of oil prices, war, unemployment, and strong EURO economies. The problem in the above list that is the quickest to fix is war. Which will probably happen under different leadership.
  • #6,728
  • Apr 17, 2008 10:57am Apr 17, 2008 10:57am
Thx Kevin, great stuff.

GLT!
  • #6,729
  • Apr 17, 2008 11:24am Apr 17, 2008 11:24am
Quoting Ultraman
DID U ALL AGREE THIS?
1.68........will hit within 1-2 weeks
1.65 in a month or slightly longer, maybe possible. 1-2 weeks then we should rather to go buy lottery tickets.
  • #6,730
  • Apr 17, 2008 11:26am Apr 17, 2008 11:26am
Quoting fxstman
Anyone still holding longs for that 1.6 ? I am new to trading the E/U. trying to learn it's characteristic's.
I believe the middle term market is bull for eur. however, be careful in next two day, if u r holding long.... seriously! there are room for retrace and for the long term sake, it needs retracement.
  • #6,731
  • Apr 17, 2008 12:01pm Apr 17, 2008 12:01pm
Quoting winwise
I believe the middle term market is bull for eur. however, be careful in next two day, if u r holding long.... seriously! there are room for retrace and for the long term sake, it needs retracement.
Thank You winwise for the advise. Very true. A lot of bull w/ very little retrace.

GLT

fx.......
  • #6,732
  • Apr 17, 2008 12:49pm Apr 17, 2008 12:49pm
Quoting fxstman
Anyone still holding longs for that 1.6 ? I am new to trading the E/U. trying to learn it's characteristic's.
i was until the nasty philly didn't produce the expected response I'm looking at recent retrace, so.. no, not anymore, not ST, at least. LT fer shizzle, ma nizzle
  • #6,733
  • Apr 17, 2008 12:58pm Apr 17, 2008 12:58pm
Quoting kharvell
There is always the possibility that our government is WANTING a weaker dollar to show the world how dependent they are upon USA. It's not that people are dependent for our exports, but they sure as hell love that we buy just about everything outside of our country. If America's dollars get too weak, we will shift our money to companies within, causing world economies to suffer (US dishes out quite a bit of money). This is a bit of a radical view IMO, but feasible.

The reality is probably a compounding of oil prices, war, unemployment, and strong EURO economies. The problem in the above list that is the quickest to fix is war. Which will probably happen under different leadership.
Certainly a respectable view, but a bit US-centric in viewpoint, IMHO. THe US Gvt. just wants to avoid recession and will do anything including killing people to make that happen. THe Europeans on the other hand have discovered that they are, as a matter of fact, much less dependent on the US for their exports than they used to be in the 90's and before. It Is actually a barand new world.

The most fascinating element in the Euro-zone economy to me personally is how resilient the newly-minted eastern member states have been. I'm in california (oops, sorry, "kaah-lih-forniaah", I mean) right now and notice a definite shift in general attitude compared to last year. Americans are always very good at denial (see Iraq war, it took 6 years for Americans to really wake up about that one). Disclaimer: I am generalizing here, so don't get offended, I'm sure you weren't one of "those" americans. I'm also not trying to start a political conversation, just expressing impressions (heh).

In a nutshell, I think the world's investing populace is making the discovery that EU/US decoupling is no longer a conceptual element to to strategy, but increasingly manifests itself in hard data.
  • #6,734
  • Apr 17, 2008 1:24pm Apr 17, 2008 1:24pm
Quoting digitil
Certainly a respectable view, but a bit US-centric in viewpoint, IMHO. THe US Gvt. just wants to avoid recession and will do anything including killing people to make that happen. THe Europeans on the other hand have discovered that they are, as a matter of fact, much less dependent on the US for their exports than they used to be in the 90's and before. It Is actually a barand new world.

The most fascinating element in the Euro-zone economy to me personally is how resilient the newly-minted eastern member states have been. I'm in california (oops, sorry, "kaah-lih-forniaah", I mean) right now and notice a definite shift in general attitude compared to last year. Americans are always very good at denial (see Iraq war, it took 6 years for Americans to really wake up about that one). Disclaimer: I am generalizing here, so don't get offended, I'm sure you weren't one of "those" americans. I'm also not trying to start a political conversation, just expressing impressions (heh).

In a nutshell, I think the world's investing populace is making the discovery that EU/US decoupling is no longer a conceptual element to to strategy, but increasingly manifests itself in hard data.
I appreciate your reply digtil (It was a good one). Your argument is a very good one.

I'm not sure I buy into all the "Euro is going to replace the dollar" jargon yet. It seems to me that there are just far too many countries whose needs have to be met for one currency to work like that. Granted, some countries have used the USD as their main currency and it has worked out OK for the US. I'm just not convinced. I'm more convinced that US is doing poorly and that the rest of the world is profiting off of it for now.

I agree with you that the US has more competition and I will even acknowledge that the US is not #1 or even close for that matter. I just think that the US is having a recession, that will affect other countries.

You hit the nail on the head. Americans are slow to respond. But once it gets bad enough, we always do.

I appreciate your more Euro-sided view, and I will admit it, I'm biased. What can I say?
  • #6,735
  • Apr 17, 2008 2:18pm Apr 17, 2008 2:18pm
?
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  • #6,736
  • Apr 17, 2008 2:34pm Apr 17, 2008 2:34pm
Quoting anne_81
heads up..philly fed is out in minutes
What did he say?
  • #6,737
  • Apr 17, 2008 2:39pm Apr 17, 2008 2:39pm
Quoting fxstman
Anyone still holding longs for that 1.6 ? I am new to trading the E/U. trying to learn it's characteristic's.
I wanted to long,but it falled,then I shorted.
  • #6,738
  • Apr 17, 2008 2:52pm Apr 17, 2008 2:52pm
Don't count on 1.60 just yet. Had a few successful shorts today at around 1.5940...
  • #6,739
  • Apr 17, 2008 3:44pm Apr 17, 2008 3:44pm
Quoting Ultraman
DID U ALL AGREE THIS?
1.68........will hit within 1-2 weeks
Hey Ultraman - I would agree, from my vast wealth of experence {gained over hard study these past 45 days ;-} that the Euro is going up. You're post states much news to support this. I am curiouse if there is a technical view that can support this? We are at a long term high, are there technical indicators that point at 1.68 ?

I'm long at .5890 and will add if it tops .5990
  • #6,740
  • Apr 17, 2008 3:59pm Apr 17, 2008 3:59pm
Can you remember when gas was under $2.00?

And we complained about it?
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