EURUSD

yep this could happen also
14805 will be 261.8 fibo projection of subwave a.


But i have bunch of landmines there for them haha.

Looks like market is waiting for cable numbers before deciding which way to go.

Woof Woof

Bad numbers for cable too.

But it's pushing E/G up. I't not good for falling EU.

Resistance Top - 1.4910
Support - 1.4830


08:25 EUR/USD: Euro Zone Data Digested - Support Into 1.4850 Props London, August 22. Into the Euro Zone current account data and EUR/USD eased back into the 1.4850"s. 52 marked the pre-data lows but spot has since steadied with Cable sales seen as the key weight amid the move lower. However, bids trail into the 1.4840"s to keep the downside limited for the moment.

According to the latest ECB data investment flowed into the Euro Zone in June at a faster pace than in May. This could offer the EUR a modicum of support while other London dealers note the US unit has edged higher ahead of the Bernanke speech due later in the day.

Next up is the 09:00 GMT release of the latest Euro Zone Industrial Orders data. Economists look for another fall in the latest June IO data - with around a -1.5% M/M reading currently being priced in. [email protected]

I am out at 1.4846


Lets see how the news goes

you are the man..

my gbp/usd is saved... from -200 pips now i am at +30 pips

but this pair is slow

Well if you see clearly red numbers on both and they are both on downtrend.. Why not short both on reasonable risk? That's what I'm doing. Also, cable and euro have a very high daily correlation (97.7)

Good morning all,

$837.90

$$ is really back!!

http://www.actionforex.com/latest-ne...2008082157253/

Pivot Points !

http://www.actionforex.com/technical...-200603205734/


Read Me Please - Have Your Hot Chocolate Also !

http://www.actionforex.com/technical...2008082257299/

Snippets:

Bernanke's speech at the Jackson Hole conference can potentially send the USD in any direction.


Markets Overnight

The major drivers in markets continue to be financial news and developments in oil markets. Equity markets started out weak yesterday on the back of more negative news on the situation in the US mortgage giants Fannie Mae and Freddie Mac (see Flash comment on our website). However, a major rebound in oil prices lifted energy related stocks, and the broad indices closed in positive territory with S&P500 up 0.25%. Asian stock markets are soft with Nikkei down 0.5%. Oil prices rose from USD 116 to USD 121 on the back of further geopolitical tensions between the US and Russia. US officials announced a deal to install a missile defence system in Poland, and this made Russia issue a statement that its response to the missile shield 'would go beyond diplomacy'. Markets fear that Russia will reduce oil output in response. Focus in oil the market has thus shifted from 'demand destruction' to supply concerns. The oil price has been stable overnight at USD 121.
Bond yields rose throughout the day yesterday. The rise in oil prices weighs on the bond market as it puts inflation concerns back on the agenda. We have seen signs in recent days also that the decline in yields may have run its course for now. US bond yields have not changed much overnight and 2-year and 10-year bonds are trading around 2.33% and 3.84% respectively. EUR/USD rose throughout the day and has stayed around 1.487 since yesterday
Good Trading Day To All !

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US Dollar Index:

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Oil Link:

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Bruce

I guess eur usd will trade lower today

Ok, TP hit.
23 + 55 pips from this move.
Have a nice weekend.

Lock in your profits

What a bounce back.The revenge of the $$

GBPUSD is trying to hunt all stop trailings... still could rebounce soon... so EURUSD could follow.... careful..

closed at 35 for 55pips and start reverse

currencies moving faster than gold now.. so I guess it is only stop hunting...
not a back of the $$

Even a novice should know that.... lol