EURUSD

heres a thought. u.s. after this cut will be out of bullets..may actually strengthen usd. eurzone still has half a clip... as we know sometimes news has a neutral or opposite reaction of what we think it should be. be carefull dont be a dead hero. It do what it do when it do it.

If banks are looking for measured unwinding and settling of credit markets a run up here is not efficient. Deleveraging and Hedge fund redemptions that drove the dollar up to begin with can be turned back on at anytime when deleveraging continues.

Can't assume so much, but it's something that is in the back of my mind when I starting thinking "sky is the limit" in Euro.

the euro is still going up.

I'm still not trading until the fed rate is announced.

To all of the people that's in the US; how many of ya'll think our interest rate will go to 0? I don't think it will.

I believe euro should achieve 1.46 area based on murrey weekly.

.... Short covering will start very aggressively.

Why did I close my long too soon, F#"&"%/K!!!

is there a (-) 1% too ?? j/k

The European economy isn't doing much better than the American one, and the interest rate in the US is very close to nothing, so this Euro-rally must stop.
Or is it just my position talking?

...the only problem is that is happening too fast.

I can't see a top for now.

Guess what, there actually is. Japan had one during their crisis

http://query.nytimes.com/gst/fullpag...52C1A96E958260

Also short term US treasury bills have a negative yield at this exact moment.

http://www.bloomberg.com/apps/news?p...d=aOGXsWKEI6F4

This has never happened for central bank rate though..

Would tend to agree Tradewell. This buy started last week on rumors of 3/4% cut and the auto bailout. We may now already see at least 1/2% priced into e/u - possibly even that extra 1/4%. But; there are Bozo's out there that will play this news - I will not be one; for I'm all Bozo'ed out.

I bought my ticket in the 'nose-bleed' section to watch the coming carnage.

SeerEye

it would be a major trip if the fed left the rate the same or increased it 25bp. A lot of people would be screwed.

It begins to freeze now. Every body is waiting fed's announcement. Cable made some correction to 1.5300 area.

the way you think -

Which is why it would be best to trade "after" the news released. I've always feared that would happen if I had an order open.

Guyz, i'm seeing people going shorts heavily at this point. Don't forget to keep stops here.. this thing could shoot up to 1.42

EDIT: EU is in uptrend since 2001 based on weekly ( very important ) and is still in uptrend.

Since this news is a "make it or break it" deal, you might want to wait to trade after the numbers has released. Its best to analyze the out come, find the direction, come up with a decent entry/exit strategy, and then place the trade. Also, its best to do this 20-30 minutes after the news has released and on a larger timeframe to get a clear direction of the move.

Ohhhh God..!!!

I'm really UpsEt....

shittttttttttttttt...
Today i've FacEd 433 Dollars Loss in EuroUsd Trade...!
I'm really a Stupid pErsOn, thE Most Stupid....!!!

I've been pondering the latest reports on "Touche' Trichet" and how that seems to have been playing out in this recent euro climb. This from a bloomberg article today...

“Do we have a feeling there is a limit to the decrease in rates? At this stage certainly yes,” Trichet told journalists in Frankfurt late yesterday. The comments were embargoed until today...

“In a way it’s free riding on the U.S. fiscal stimulus plan, hoping it will help the global economy,” said Callow. “However, with the Fed embarking on quantitative easing, it will push up the euro, which would be another massive blow to Europe’s economy..."

Meanwhile back at the ranch...

"Europe’s manufacturing and services industries contracted in December at the fastest pace in at least a decade, data showed today, indicating the economy is falling deeper into recession.

Before Trichet’s comments were published today, a 50-point cut had been fully priced in for January."
http://www.bloomberg.com/apps/news?p...d=abiNoiihSIVI

With all that said, verbalvention ((especially the "embargoed" kind")) is the cheapest kind of intervention. You're only on record for what you said, and who remembers that beyond the "next big thing"?? Shoot, who even knows what you said until the handlers let it out of the closet? It's easy to see what floats and what don't... and easy to reverse in light of the "extraordinary circumstances" we're in and surely everyone will understand.

If circumstances had been otherwise with the expectations of the FED this afternoon, would we even have been hearing these comments at all? I'm really suspicious of comments that are held until it's clear they suit the purpose. Doesn't make them false, just suspect.

Notwithstanding there are probably a great many hurdles left to clear, but the US economy may well be at the threshold of the EXIT door, while the EZ may be at the the threshold of the ENTER door... If true, there's a clue there. If false, then things are far more serious than any of us yet realize, and that's another post.

The US may be out of bullets, but a unified economy no matter what shape it's in and economic policy no matter how weird or slow it's been to get traction may in the end "trump the chump" and be a big enough club to carry the day, bullets or no.

Gator's right about this whole squirrelly move... "It do what it do when it do it."

I think today this thing will have to pip or get off the pot. By sundown tonite ((US time)) we should have a clearer picture of things. Remember the rate cut is priced in, what's important is the statement. That will take a little while to digest in all likelyhood.

Me? I am and remain dollar bullish from strategic levels on a live account. That's trading...

ADD: and not adverse to scalping some longs in the meantime...

There are many people like you holding a position against trend.
Cool down and start demo account after a vacation.