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EURUSD

  • #12,181
  • Jun 26, 2008 2:35pm Jun 26, 2008 2:35pm
Quoting Clouds
mine too, but i shorted gu and eu again,

Just a reminder... The trend is your friend. I personally don't take countetrend positions. At least usually...
  • #12,182
  • Jun 26, 2008 2:40pm Jun 26, 2008 2:40pm
Quoting treadline
is the ecb raising the rates next week?
Dont you think?
Do you remember the last Press conferences?

Quote
Trichet says July rate decision will be based on all information available then(updating with further comments on second-round inflation effects)

FRANKFURT (Thomson Financial) - European Central Bank (ECB) president Jean-Claude Trichet said the ECB's July 3 interest rate decision will take account of all the information available at that time, and the central bank is not pre-committed to hiking rates despite a strong signal on its readiness to tighten monetary policy.

'We will take our decision in the next meeting on the basis of all information we will have at the moment of our decision,' he told the ECB's monthly news conference.

He said earlier that the ECB could hike rates by a 'small amount' at the July meeting in order to secure the solid anchoring of inflation expectations.

Trichet said a small move would be of the same order as previous ECB rate hikes -- 25 basis points.

Inflation still raising..
  • #12,183
  • Jun 26, 2008 3:52pm Jun 26, 2008 3:52pm
Quoting hellkkas
Dont you think?
Do you remember the last Press conferences?



Inflation still raising..

this is what the fed should of done this week to raise the rates to 25bps. its ashamed that they didnt do that. the dollar would of gained some strength. but look at us now the down closeed at 358 negative. damn you benny,.
  • #12,184
  • Jun 26, 2008 4:24pm Jun 26, 2008 4:24pm
Quoting jupiter_peak
Just a reminder... The trend is your friend. I personally don't take countetrend positions. At least usually...
True.. i got out of them , they arent moving, so im playing with yen pairs for now, will wait for london for usd pairs
  • #12,185
  • Edited 5:00pm Jun 26, 2008 4:37pm | Edited 5:00pm
EUR/USD keep in mind that acouple of pips a bigger swing concludes and this is at price 5783...Today I will not be taken the break of the high due to that fact unless we get a bounce of my inner levels of my intraday swing(light blue fibb)...I will playing the reracement back to my intraday levels if my 61.8 fibb from my swing fibb brakes that means a close below the it not a pierce (orange fibb)

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  • #12,186
  • Jun 26, 2008 5:18pm Jun 26, 2008 5:18pm
Now I can think with the markets closed and activity dead.I believe the pair can push towards 1.5847 by the end of this week anything more than that is an anomaly. Atleast give it till next week to even try to hit 1.60 even at those levels massive sell interest clouds the 1.59-1.60 levels, If anything this area is an area of over extension and trend exhaustion not barring a possibility for a reversal. Then again we shall see what the market will do. All in due time.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #12,187
  • Jun 26, 2008 5:28pm Jun 26, 2008 5:28pm
July 7th would be the day we look at either it's at 1.60 breaking through, or 1.60 diving back down to 1.53XX or, it wont even reach that at all. Time will tell. once again.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #12,188
  • Jun 26, 2008 5:29pm Jun 26, 2008 5:29pm
Quoting kkj97
ya man me too .short
me too, down honey...
  • #12,189
  • Jun 26, 2008 5:46pm Jun 26, 2008 5:46pm
ECB hikes it 25 bp
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,190
  • Jun 26, 2008 5:59pm Jun 26, 2008 5:59pm
Quoting FXCapitalist
ECB hikes it 25 bp

ya i agree they will do that. it will send this pair up to 1.60 or close to it.
  • #12,191
  • Jun 26, 2008 6:02pm Jun 26, 2008 6:02pm
EJ is moving.
  • #12,192
  • Jun 26, 2008 6:26pm Jun 26, 2008 6:26pm
Quoting treadline
ya i agree they will do that. it will send this pair up to 1.60 or close to it.
I believe that, for the most part, this is already factored into the price. We might see a jump of 100 or so on Rate Day, but the majority will be taken back. The question is, what does tomorrow have in store? EUR tends to rise up on USD most Fridays, but nothing is guaranteed. News doesn't look too spectacular, but I am interested in the Core PCE and whether or not this will give USD any strength at all? Happy pipping to all, and to all a good night.
  • #12,193
  • Jun 26, 2008 7:40pm Jun 26, 2008 7:40pm
Quoting treadline
this is what the fed should of done this week to raise the rates to 25bps. its ashamed that they didnt do that. the dollar would of gained some strength. but look at us now the down closeed at 358 negative. damn you benny,.
Eventhough I don't really care what they do, since I trade whenever price gets to some "critical" level, I don't blame Benny.

He is pretty much in between two problems if you will.

He's in between internal market "warmth" X inflation.

By internal market warmth, I mean that product consumptio has to rise in the US and therefore more money circulating and therefore more production, more money in people's pockets, more jobs... you know the drill.

So I believe he is skretching his head right now trying to figure what to do.

I personally would not like to be in his pants.

Hope this makes sese to you.

Cheers to all.
  • #12,194
  • Jun 26, 2008 7:49pm Jun 26, 2008 7:49pm
Still surviving my long from 5605. Got a S/L @ 5730 which might get hit at any time. But even if it does, it's a great run
Not all sins are created equal
  • #12,195
  • Jun 26, 2008 8:01pm Jun 26, 2008 8:01pm
Nice targets projected up to 1.6113 don't worry about it for a while though.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,196
  • Jun 26, 2008 8:19pm Jun 26, 2008 8:19pm
Quoting jupiter_peak
Eventhough I don't really care what they do, since I trade whenever price gets to some "critical" level, I don't blame Benny.

He is pretty much in between two problems if you will.

He's in between internal market "warmth" X inflation.

By internal market warmth, I mean that product consumptio has to rise in the US and therefore more money circulating and therefore more production, more money in people's pockets, more jobs... you know the drill.

So I believe he is skretching his head right now trying to figure what to do.

I personally would not like to be in his pants.

Hope this makes sese to you.

Cheers to all.

hey jupiter thanks for the reply yes makes sense lower prices makes people buy more product, but i think he knew that if he didnt cut the rate like everybody would like him to do, that its going to weaken the dollar therefore sending the dow into a suicide spin from 50000 feet. i dont know that much about economics but i know the basic principle behind it. never took that subject in college. thanks again
  • #12,197
  • Jun 26, 2008 8:27pm Jun 26, 2008 8:27pm
Who cares about the Dow, the Dow is a faulty index just because it's in a partnership with GE and CNBC the world is supposed to hail it like some kind of oracle of the business world as a pinnacle of market indexes, the world does not revolve around it, who cares let it nose dive to 6000 points all those that care are the ones that wish they can do something about it but cant, I'll be laughing the whole way down. Seriously, I want a stock market crash real bad. It's like hitting the reset button on a frozen game console, we'll all be better off with it to start over. S&P 500 is a better market index hands down.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,198
  • Jun 26, 2008 8:30pm Jun 26, 2008 8:30pm
Quoting treadline
hey jupiter thanks for the reply yes makes sense lower prices makes people buy more product, but i think he knew that if he didnt cut the rate like everybody would like him to do, that its going to weaken the dollar therefore sending the dow into a suicide spin from 50000 feet. i dont know that much about economics but i know the basic principle behind it. never took that subject in college. thanks again
Consumption in the US is based on credit, alias most of the World, therefore banks, credit cards, and other credit operations can offer lower rates if the basic interest rate is low. This makes it easier for you to buy something and don't get ripped off. Therefore, people will be more willing to spend money.

On the other hand, worldwide inflation is being pushed by sky rocketing oils prices. Surreal oil prices I would say. This makes everything more and more expensive. Oil reserve in America is very low and the Federal Gov. has "banked" the oils prices for many years. Now they are paying the price for
making gas prices ARITIFICIALLY low for so many years.

He doesn't have many optins as of now. I believe he would bet a lower value for the dollar is less damaging than lowering consumption.

That's at least what I observe. But I am not an economist or anything.
  • #12,199
  • Jun 26, 2008 8:31pm Jun 26, 2008 8:31pm
How about Germany VS Spain, I dont know who will win but it should be very good on sunday.
"Diversification is an excuse for a lack of talent" ~FXC
  • #12,200
  • Jun 26, 2008 8:49pm Jun 26, 2008 8:49pm
I am going to cheer for Spain.

They never quite make it. They played a great game today.

Both teams have Brazilians playing for them so...

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