EURUSD

Following on from earlier comments by ECB Ordonez his colleague [WEBER] is out on the wires saying that the situation in money markets are still tense but volatility and spreads are lower. Weber said a continued lack of trust between market participants was at the heart of the problem. Perhaps too forward looking, ECB policy Weber adds that the ECB must raise rates quickly when crisis is over. He added that the ECB, which is lending banks unlimited funds at fixed interest rates had become the central counterparty in money markets but one day its intervention would have to be reduced to a 'normal' level, saying that 'this situation cannot continue in the long run'. Weber notes that the financial crisis required far fetching state intervention, that there is 'no alternative to govt stimulus packages' but that it was wrong to think that markets were completely ruined.

you guys seeing anything special yet?

[S&P] out with some mixed comments in terms of the outlook for [SOVEREIGN RATINGS], saying that many AAA rated countries should be able to withstand all the financial market and economic problems, but by implication perhaps not all of the top tier nations. However, it does not expect any defaults in the Eurozone, despite market concerns about debt levels and exposure to Eastern Europe, which along with the general credit, liquidity and other economic troubles have combined to push CDS spreads/insurance premiums up sharply. Note also, [FRANCE AND GERMANY] have confirmed much higher 2009 borrowing f/cs, at Eur330 bn vs Eur270 bn last year (to be funded by the sale of bonds and bills) and Eur323 bn vs Eur213 bn resp. France's Tresor is even more insistent that there is virtually no chance of any Euroland member defaulting. More to come.

What would weigh more? A SS on H1 or a Weekly PB ?

Still sustaining the uptrend. On my Fibo @ D1...looks to me like the uptrend will prevail! If Resistent 1.2941 breaks....we could see 1.31.

For now....im hoping it to go north...i got long @ 1.2820. TP above 1.2900...depends on Fibo retracements.

[quote=Suj_cess;2563100]Still sustaining the uptrend. On my Fibo @ D1...looks to me like the uptrend will prevail! If Resistent 1.2941 breaks....we could see 1.31.

For now....im hoping it to go north...i got long @ 1.2820. TP above 1.2900...depends on Fibo retracements.[/quot

Whatever it takes musn't let yourself be bullied in life no matter what the risk

All I can contribute is that I have just had another signal from my 15 min chart that it is still going down.

Don't act on this, unless you can validate it too.

Good Trading.

GBP is bleeding draging poor EUR down.

...wonder why - there have been some good news today backing up the cable....

get ready for the rebound...

Ah, I love it when a plan comes together. I think I am done trading for the month.

well, gbp is now at the point where it's either ready for correction or falling down - very nice opportunity to make some fast pips

gu up over 150 but draged my gy down 500... i banked some but still ahead 400.. hitting a support now hopfully this will stop decline.. but since this was a longer term trade i have less positions in the gy...got in late on eu .. 2825...want to see it drop below 2757 then beyond

S&P downgrades Ukraine sovereign credit rating to CCC+

Problably a overall concern about Europe...

In the picture is shown a triangle wich boundaries have resisted to various tests. Tested the upper limit today, and with EMAs starting to look like sugesting a short, we could see a test to the lower boundarie, wich now is around 1.670 now. Daily EMAS and Stochastics also sugest a 0 breakout soon, so 1.25 should be in the short horizon. This dispite the fact that we have had an Hammer in the weekly candle Chart.

Has i have said earlier, Dow jones and USA equities in general can put a stone on this PA.

Stalling signal spotted...Trade well & GL...

Trendless and aimless. I get it's not so bad if you are in to guessing games.

I woke up this morning happy to see that OANDA honored my position that their 300 pip spike took out and put me back in the market...

Good Morning all, happy trading

My M30 Ichimoku chart, the Picasso one just signal my stubborn to keep my shorts open.

If 1.2806 resist now I would be very careful with longs at this point!!!

Hope + financial market = suicide.

Well you will see that level if once we reach the 1.24/5 area.