EURUSD | Page 380 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #7,581
  • Apr 28, 2008 2:29am Apr 28, 2008 2:29am
Quoting tonyo524
Until we know what Trichet says, it really isn't safe to make up move.
Hey tonyo

do u know where can we get a live feed of trichet press conference?
i tried bloomberg but they have nothing about this event
  • #7,582
  • Apr 28, 2008 2:36am Apr 28, 2008 2:36am
Quoting tonyo524
Yeah for only a couple of pips profit. Like I said, the selling strength wasn't enough for me to continue. In short on the gj currently.
huh why USDJPY shooting up
EURUSD also shooting up?
  • #7,583
  • Apr 28, 2008 2:36am Apr 28, 2008 2:36am
Quoting emadanton
Hey tonyo

do u know where can we get a live feed of trichet press conference?
i tried bloomberg but they have nothing about this event
nope been searching myself. will post if i find something
All that is left in FF is just plain garbage. "Cloggie"
  • #7,584
  • Apr 28, 2008 2:38am Apr 28, 2008 2:38am
Quoting tonyo524
nope been searching myself. will post if i find something
try cnbc world or cnbc europe website.....


mm2
He who hesitates is hesitant....which always leads to bad entries.
  • #7,585
  • Apr 28, 2008 2:46am Apr 28, 2008 2:46am
Trichet done speaking yet? Anybody knows what he said? Euro is back up so maybe he was hawkish again?
Expected the unexpected
  • #7,586
  • Apr 28, 2008 2:54am Apr 28, 2008 2:54am
thanks tonyo & mm2

i tried cnbc but i couldn't get anything about this event
i don't if he has done speaking or what !
  • #7,587
  • Apr 28, 2008 2:59am Apr 28, 2008 2:59am
huh EURUSD up n down better i'm stay a side 1st
  • #7,588
  • Apr 28, 2008 3:03am Apr 28, 2008 3:03am
Believe this is the text of Trichet's speech.

http://www.ecb.int/press/key/date/20...080428.en.html

At first glance, didn't see anything that should move the market one way or another in any significant way. Would like to see if anybody can comb anything out of it.
Expected the unexpected
  • #7,589
  • Apr 28, 2008 3:07am Apr 28, 2008 3:07am
FRANKFURT (Dow Jones)--Consumer prices in the western German state of Hesse fell 0.2% on the month and rose 2.9% on the year in April, data from the state statistics office showed Monday.
Lower prices for package holidays and holiday homes helped offset price pressures from energy-related items, the office said.
Four of six German states scheduled to release regional CPI data have reported CPI figures Monday already. Their data are relevant for the pan-German estimate scheduled for release later in the day.
The populous western state of North Rhine-Westphalia reported that prices fell 0.3% from March and were 2.2% higher on the year.
The two eastern German states of Saxony and Brandenburg reported that CPI fell 0.2% on the month and rose 2.6% on the year.
A Dow Jones Newswires survey of 18 analysts expected preliminary pan-German CPI to rise 0.2% on the month and 2.8% on the year in April.
In March prices rose 0.5% on the month and 3.1% on the year.
Two more states are scheduled to release inflation data Monday, namely Bavaria and Baden-Wuerttemberg.
Don't chase the market, Let the market come to you
  • #7,590
  • Apr 28, 2008 3:08am Apr 28, 2008 3:08am
0752 GMT [Dow Jones] EUR/USD could well continue to consolidate in the first half of this week, especially as the euro zone's economic sentiment indicator due on Wednesday could disappoint, says Commerzbank. However, US data later in the week, could still confirm the picture of a "stagnating or even contracting" US economy in the first half of this year, the bank adds. Combine this with any renewed speculation over rate cuts after the Fed completes its policy meeting on Wednesday, and EUR/USD may well rally back towards 1.5950-1.600 in the second half of the week. The pair is now down at 1.5652. (NEH)
Don't chase the market, Let the market come to you
  • #7,591
  • Apr 28, 2008 3:12am Apr 28, 2008 3:12am
FRANKFURT (Dow Jones)--Consumer prices in the western German state of North Rhine-Westphalia fell 0.3% on the month and rose 2.2% on the year in April, data from the state statistics office showed Monday.
In a monthly comparison, lower prices for package holidays helped to offset higher heating oil prices, the office said.
A statistical base effect stemming from the introduction of tuition fees in the summer semester of 2007 had a downward effect on the annual inflation rate, it said.
NRW is one of the six German states that are due to publish inflation figures Monday. The data are relevant for the pan-German estimate also expected later Monday.
A Dow Jones Newswires survey of 18 analysts forecasts preliminary pan-German CPI to rise 0.2% on the month and 2.8% on the year in April. In March prices rose 0.5% on the month and 3.1% on the year.
Don't chase the market, Let the market come to you
  • #7,592
  • Apr 28, 2008 3:29am Apr 28, 2008 3:29am
ECB'S TRICHET is reiterating the importance of price stability, especially in times of market turmoil. There are upside risks to inflation in the medium term. Trichet says it is 'crucial' the ECB sets policy based only on the delivery of stable prices, and the current policy stance will contribute to this goal. There are no grounds for complacency, and the present environment continues to be 'very demanding'. The Eurosystem will stand up to these challenges, and the ECB will be successful in maintaining stable prices. Commenting earlier, and on a similar theme, LIEBSCHER says ensuring price stability is the best contribution policy can make for growth and job creation. The ECB must closely monitor the risks of second round effects and must act preemptively if necessary.

Technically....

EUR/USD failed to sustain last Tue's push above 1.5980/85 to a new all-time high at 1.6018, a steep retreat having occured from there, with last Thur's loss of 1.5711 & 1.5658 (18 & 14 Apr lows) having completed a short-term top pattern. 1.5555 was reached last Fri ahead of latest correction higher. We need to see 1.5707-11 regaied to avert immediate risk of minimum extension lower to 1.5473-1.5510.

Short @ 1.5633 tp 1.5510 sl 1.5720.

Just an info and not a reco!
  • #7,593
  • Apr 28, 2008 3:30am Apr 28, 2008 3:30am
Quoting Tmac
0752 GMT [Dow Jones] EUR/USD could well continue to consolidate in the first half of this week, especially as the euro zone's economic sentiment indicator due on Wednesday could disappoint, says Commerzbank. However, US data later in the week, could still confirm the picture of a "stagnating or even contracting" US economy in the first half of this year, the bank adds. Combine this with any renewed speculation over rate cuts after the Fed completes its policy meeting on Wednesday, and EUR/USD may well rally back towards 1.5950-1.600 in the second half of the week. The pair is now down at 1.5652. (NEH)
Looks like this one is the right analysis of the current situation and possible prediction of the near term future. The pair is definitely going sideways, unsure of where to go and seems to be indifferent of economic news. Anybody has any technical explanations for this? Euro was expected to take a nice ride north when the market opened this morning.
Expected the unexpected
  • #7,594
  • Apr 28, 2008 4:10am Apr 28, 2008 4:10am
We'll see which side triangle will break out
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 33 KB
  • #7,595
  • Apr 28, 2008 4:12am Apr 28, 2008 4:12am
Price is moving in a rising triangle that started from the fall from 1.57. Current upper border line is at about 5683 and moving up.. I'm long big since the uward break of the recent triangle, progit locked in and looking for right below 780 to exit - unless we break through fast

EDIT: I'm sorry, right below 680 I meant.

EDIT 2: chart: http://img2.freeimagehosting.net/uploads/7ee224ce2e.jpg
On the path to Enrichment.
  • #7,596
  • Apr 28, 2008 4:15am Apr 28, 2008 4:15am
Quoting Jurrasic
Price is moving in a rising triangle that started from the fall from 1.57. Current upper border line is at about 5683 and moving up.. I'm long big since the uward break of the recent triangle, progit locked in and looking for right below 780 to exit - unless we break through fast
It can be long because of MACD's divergence
  • #7,597
  • Apr 28, 2008 4:21am Apr 28, 2008 4:21am
Out on trailing stop but still 19 pips high leveraged, I like it

Will look to short if price sticks to the top line but doesn't break for a while.
On the path to Enrichment.
  • #7,598
  • Apr 28, 2008 4:30am Apr 28, 2008 4:30am
Testing upper trendline right now...
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 17 KB
  • #7,599
  • Apr 28, 2008 4:31am Apr 28, 2008 4:31am
great jurasic, finaly we were on the same train..., i hope for another sell off, so i could reload longs...but looks like, i would have to buy the high...maybe if we test the devils on a dip after we hit 15688...
its just money
  • #7,600
  • Apr 28, 2008 4:37am Apr 28, 2008 4:37am
Quoting de123
great jurasic, finaly we were on the same train..., i hope for another sell off, so i could reload longs...but looks like, i would have to buy the high...maybe if we test the devils on a dip after we hit 15688...
156pips for today..good start on monday
only sell and buy on EURUSD and GBPUSD,
GBPUSD and EURUSD i'm relong again,
413 traders viewing now