EURUSD

Quoting FxApasionado

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Good Evening mates,,, yeah,, I was able to get on this bull right at 1.5630,, 25 mini lots.. 1.60 here we come with a vengeance..

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Quoting Fx_Genius

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3 parts about 5-6 minutes each.

Roubini: Bear Market Only Half Over, But It's Not Armageddon

Part 1
http://finance.yahoo.com/tech-ticker...lf-Over-But-It

One of the most noted skeptics on Wall Street, NYU Professor Nouriel Roubini says the financial system is in "the worst crisis since the Great Depression," and that the bear market in stocks is only half over.

Subprime mortgages are only the tip of the bad-loan iceberg, says Roubini, who expects the "subprime financial system" to ultimately suffer credit-related losses of between $1 trillion and $2 trillion vs. the approximately $330 billion thus far.
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Roubini: More Than $1 Trillion Needed to Solve Housing Crisis

Part 2
http://finance.yahoo.com/tech-ticker...,WM,WB,WFC,BAC

Treasury Secretary Hank Paulson has been putting on a full-court press in the last 24 hours, making the case for his plan to shore-up Fannie Mae and Freddie Mac.

"I would rather not be in the position of asking for extraordinary authorities to support the GSEs," Paulson said in a speech Tuesday in NYC. "But I am playing the hand that I have been dealt. There is a need to support efforts that strengthen Fannie and Freddie's ability to continue to play their important role in financing mortgages and in our capital markets more broadly."

The timing of Paulson's speech -- and various and sundry media appearances -- is not coincidental. This week, Congress is expected to vote on housing legislation that includes Paulson's plan, which a GAO report said is likely to cost the government $25 billion.

But $25 billion -- or even the GAO's worst-case $100 billion estimate -- pales in comparison to the cost of doing nothing, says Nouriel Roubini, NYU professor and chairman of RGE Monitor.

"We have to find a solution where government intervention prevents a disorderly outcome" in the housing market that leads to a "systemic banking crisis," Roubini says.

The housing bill, which earmarks $300 billion to backstop mortgages after lenders agree to lower mortgage payments, is "a step in the right direction" but "doesn't do enough," he says, predicting the government will ultimately need to spend more than $1 trillion.
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'They're All Toast': Roubini Says Brokers, Even Goldman, Can't Stay Independent

Part 3
http://finance.yahoo.com/tech-ticker...,MER,JPM,BAC,C

The broker/dealer business model is "inherently unstable" and the four remaining major firms will not be independent in a few years, says Nouriel Roubini, economics professor at NYU's Stern School and chairman of RGE Monitor.

Embattled Lehman Brothers is likely to seek a buyer "within months," Roubini says. Lehman Brothers ceasing to be independent is not such a shocking outcome, but Roubini ultimately sees a similar outcome for Goldman, Merrill Lynch, and Morgan Stanley.

The problem, he says, is that broker/dealers use the same model as banks -- borrow short and lend long -- only they borrow on even shorter timeframes, use more leverage, and don't have the kind of government backstop banks enjoy.

In the wake of Bear Stearns' demise, which showed how brokers are vulnerable to a "run on the bank" if they can't get overnight funding, the Fed temporarily opened its discount window to brokerage firms. But making that option permanent means submitting to the same kind of regulation and capital requirements as banks; that, in turn, means a very different business model -- and much lower profitability -- for Wall Street firms, whose current business model is "not viable," he says.
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Quoting Clouds

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Preview of tomorrow.
Attachment

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Quoting Seaward22

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hahahaa....sure...can't wait to see you lose everything you have, why is the euro good, please tell me!

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Quoting iiivb

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thnx for ur comments here... and yeah... i am still bearish... i thought gonna be a boring friday.. but i dont think so...

maybe eurusd gonna keep falling hard as in "150 pip today"

my 2 cents.

btw...

im short atm with no profit target since i am willing to close it some mins before nyse closing bell...

but my sl is circa thursday's highs...

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Quoting iiivb

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ok... after being stopped-out, now my bearish sentiment for the day is officially over... i consider today as a range day for trading... some good ol' dip buy and rally sell...

i see very difficult for the euro to have a breakout either for the up or down today.. enjoy the range bound trading

iiivb

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Quoting Seaward22

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Once you peg your currency on commodities know you are wrong. Does oil and gold move you? NONONONONONO, please Euro banks learn to trade!!! before we take you out!

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Quoting Clouds

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Whatever man. It's a buy day for EU and AU

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Quoting Seaward22

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Once you peg your currency on commodities know you are wrong. Does oil and gold move you? NONONONONONO, please Euro banks learn to trade!!! before we take you out!

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Quoting FxApasionado

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Are you a currency poet of some sort??

just curious..

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Quoting Seaward22

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Euro economy about to witness a piece of the end. Don't you know you can short and win the same? Why should Euro rise, don't tell me because of a graph. Go back to early 80's, your own govt had to stop you from your less than smart moves. By your guys account Euro should be at $1,000,000,000,000,000. It would never stop. Qoute me numbers please!

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Quoting iiivb

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ummm... i see somebody's trolling here...

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Quoting Seaward22

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I still have yet to face a lose in this clown according currency. Beat me

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Quoting Seaward22

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In the future world you won't be able to peg 5 different instruments together. Learn now because these parellel trends will soon end forcing you into real world fundie evaluation. You guys have tried to peg the Euro to Oil which is disgusting, now Gold, you guys ever end your whoring? Is it the buck teeth?

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Quoting Seaward22

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I'm in one buy, arent you? how will this be my first?

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