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EURUSD

  • #17,201
  • Jul 31, 2008 5:11pm Jul 31, 2008 5:11pm
possible?
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  • #17,202
  • Jul 31, 2008 5:25pm Jul 31, 2008 5:25pm
Quoting costos
At this particular moment I'm eyeing to buy if the price reaches down to 1.5563, not any sooner, with first target around 1.5527, then (probably quite easily) to 1.5479, and considering the past week and the break of TL, we may even go down to 1.5401. Again, subject to change in the following hours.
I'm in
  • #17,203
  • Jul 31, 2008 5:28pm Jul 31, 2008 5:28pm
Quoting Clouds
what's up with all the market makers being usd bullish, hmmm
EUR numbers are very bad. USD numbers are bad too but at the moment more bad news for EUR.
  • #17,204
  • Jul 31, 2008 5:30pm Jul 31, 2008 5:30pm
I expect a retracement into the 1.56's soon, then possible 1.57-1.58 before falling below 1.55. EUR needs some good numbers to come out.
  • #17,205
  • Jul 31, 2008 5:40pm Jul 31, 2008 5:40pm
Anyone know why the EURO just took a dump?

News or just more bearish sentiment.

5560 right now.
  • #17,206
  • Jul 31, 2008 5:45pm Jul 31, 2008 5:45pm
Quoting acumen
Anyone know why the EURO just took a dump?

News or just more bearish sentiment.

5560 right now.
Good question. Seems like a sell-off across the board. I can't wait to see London's reaction to USD bearish numbers today.
  • #17,207
  • Jul 31, 2008 5:50pm Jul 31, 2008 5:50pm
Quoting Seaward22
EUR numbers are very bad. USD numbers are bad too but at the moment more bad news for EUR.
No, I'm talking about USD in general. I'm confused why market makers are advertising dollar bullish (I think they just want make money). My opinion it's best time sell dollars now. Before EU is 1.70. We are at a TL at a price we'll never see again and it's not broken. Amazing everyone gets so excited that it drops 20 pips, and cries sell sell.
  • #17,208
  • Jul 31, 2008 5:56pm Jul 31, 2008 5:56pm
heard that big boys are selling their stocks and out from currencies, they're on commodities etc atm.. but I dunno I probably missunderstand it
Money often costs too much...
  • #17,209
  • Jul 31, 2008 6:02pm Jul 31, 2008 6:02pm
Quoting Clouds
No, I'm talking about USD in general. I'm confused why market makers are advertising dollar bullish (I think they just want make money). My opinion it's best time sell dollars now. Before EU is 1.70. We are at a TL at a price we'll never see again and it's not broken. Amazing everyone gets so excited that it drops 20 pips, and cries sell sell.
I think if you go back and read my posts I've been crying sell for quite some time... even when it wasn't in fashion.

By the way - just keep holding your longs - my Porsche needs new tires.
  • #17,210
  • Jul 31, 2008 6:02pm Jul 31, 2008 6:02pm
Quoting Clouds
No, I'm talking about USD in general. I'm confused why market makers are advertising dollar bullish (I think they just want make money). My opinion it's best time sell dollars now. Before EU is 1.70. We are at a TL at a price we'll never see again and it's not broken. Amazing everyone gets so excited that it drops 20 pips, and cries sell sell.
I agree, they are peddling there own trades.

EUR at 1.70? You'll see 1.49 before you see 1.70. Europe's economy can't survive with the currency so high. Trade balance will continue to detoriate at these levels.
  • #17,211
  • Jul 31, 2008 6:11pm Jul 31, 2008 6:11pm
Quoting Seaward22
I agree, they are peddling there own trades.

EUR at 1.70? You'll see 1.49 before you see 1.70. Europe's economy can't survive with the currency so high. Trade balance will continue to detoriate at these levels.
Whether EU was 5.0 or 10.0 or 100.0 what affect does that have on Europe? It's not them that would suffer , it's the US. The EUR isn't going up in value, it's the USD that's going down in value. The EUR has not been going up in value for the past 7 years. Their currency is relatively flat compared to rest of currencies. Anwyay, whatever, let's keep trading.
  • #17,212
  • Jul 31, 2008 6:16pm Jul 31, 2008 6:16pm
Quoting Clouds
Whether EU was 5.0 or 10.0 or 100.0 what affect does that have on Europe? It's not them that would suffer , it's the US. The EUR isn't going up in value, it's the USD that's going down in value. The EUR has not been going up in value for the past 7 years. Their currency is relatively flat compared to rest of currencies.
The EUR value has a great effect on its economy. Their exports are more expensive as the EUR goes higher. EUR's main customer USD will stop importing from them because the price is too high. Are you aware EUR has the same problems as USD? EUR banks have lost the same amount of money as USD. Higher unemployment rate than USD. EUR will be lowering interest rates in the next 6 months to year. USD will be raising rates in the next 6 months to year.
  • #17,213
  • Jul 31, 2008 6:20pm Jul 31, 2008 6:20pm
I see some buyers around 5540 will close a few positions and will long small posi from there - hedging
  • #17,214
  • Jul 31, 2008 6:22pm Jul 31, 2008 6:22pm
Quoting Seaward22
The EUR value has a great effect on its economy. Their exports are more expensive as the EUR goes higher. EUR's main customer USD will stop importing from them because the price is too high. Are you aware EUR has the same problems as USD? EUR banks have lost the same amount of money as USD. Higher unemployment rate than USD. EUR will be lowering interest rates in the next 6 months to year. USD will be raising rates in the next 6 months to year.
It's not just the EUR, all currencies have gained the same amount on the USD for 7 years. So you are picking today that it stops? Why?
  • #17,215
  • Jul 31, 2008 6:27pm Jul 31, 2008 6:27pm
we will see a retest in 5470
  • #17,216
  • Jul 31, 2008 6:30pm Jul 31, 2008 6:30pm
Quoting hussin naiji
we will see a retest in 5470
How do you know?
  • #17,217
  • Jul 31, 2008 6:30pm Jul 31, 2008 6:30pm
Quoting Seaward22
The EUR value has a great effect on its economy. Their exports are more expensive as the EUR goes higher. EUR's main customer USD will stop importing from them because the price is too high. Are you aware EUR has the same problems as USD? EUR banks have lost the same amount of money as USD. Higher unemployment rate than USD. EUR will be lowering interest rates in the next 6 months to year. USD will be raising rates in the next 6 months to year.
I agree with u most points....now, we are experiencing some sort of rippling effect...EUR/USD goes high over the year just because...USD becomes lower and lower...due to its economy and finicial mkts,,.as they are paired in the manner....Not because EUR is spared/escape from this turmoil.....

As EUR data, starts to show the effects.it is time for USD to back to the higher side again...


sonic
  • #17,218
  • Jul 31, 2008 6:37pm Jul 31, 2008 6:37pm
Quoting Clouds
It's not just the EUR, all currencies have gained the same amount on the USD for 7 years. So you are picking today that it stops? Why?
It can't go on forever. Just recently EUR has been posting bad numbers. EUR is a delayed market in contrast with US. EUR banks lose the same amount as US. EUR still has a ways to go in the housing decline. US is further in its completion in the decline. UK is in the same boat. JPY has avoided most of what is killing these economies.
  • #17,219
  • Jul 31, 2008 6:45pm Jul 31, 2008 6:45pm
Quoting Seaward22
It can't go on forever. Just recently EUR has been posting bad numbers. EUR is a delayed market in contrast with US. EUR banks lose the same amount as US. EUR still has a ways to go in the housing decline. US is further in its completion in the decline. UK is in the same boat. JPY has avoided most of what is killing these economies.
Is there a consensus where this will bottom-out before it reverses for one more ride up prior to the news? Is 1.5480 a fair number, or is it lower? Or is it going on DOWN?

Thanks,
Up or down, gimme a ticket
  • #17,220
  • Jul 31, 2008 6:49pm Jul 31, 2008 6:49pm
Quoting Seaward22
It can't go on forever. Just recently EUR has been posting bad numbers. EUR is a delayed market in contrast with US. EUR banks lose the same amount as US. EUR still has a ways to go in the housing decline. US is further in its completion in the decline. UK is in the same boat. JPY has avoided most of what is killing these economies.
The GBP/JPY went from 600 to 150 in matter of years. So why can't EU go from 1.0 to 6.0 in matter of years, you pick today because 1.6 is ok, but 1.7 is not. Well, doesn't really matter, but anything can happen. 6.0 is not out of the question, and economies will survive, currency isn't everything. What about USD/DKK that went from 5.55 to 4.79 this year. So 4.79 is when she stops , not 4.5 not 3.5, that's it, finished. Good trading.
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