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EURUSD

  • #86,601
  • Apr 17, 2009 2:03am Apr 17, 2009 2:03am
Quoting F.x.
break of 3115 look for 3145. extended rise look for 1.33

My thinking exactly
  • #86,602
  • Apr 17, 2009 2:07am Apr 17, 2009 2:07am
anyone know when is the rate cut announcement? this week? or next
  • #86,603
  • Apr 17, 2009 2:07am Apr 17, 2009 2:07am
Price ready to retrace, lets see if 13137/45 will hold....
  • #86,604
  • Apr 17, 2009 2:08am Apr 17, 2009 2:08am
Forget a gold standard.

What about a copper standard?

http://www.telegraph.co.uk/finance/c...cy-system.html
Not all sins are created equal
  • #86,605
  • Apr 17, 2009 2:10am Apr 17, 2009 2:10am
Quoting Jay Walker
I don't think it will before New York's end of business day. Do you?

But next week...

You may be right Jay,
Today there are no important data, and it is a pity given that the market struggled a lot to get here.
However I continue to believe that today we break this level.

EDIT
A possible swing might be acceptable up to 1525 for usdchf (3140 for EURUSD)

The best thing that can happen to you is to find out where you're wrong.
  • #86,606
  • Apr 17, 2009 2:11am Apr 17, 2009 2:11am
Quoting Jay Walker
I don't think it will before New York's end of business day. Do you?

But next week...
retail sales in 3 minutes
Some drink at the fountain of knowledge. Others just gargle !
  • #86,607
  • Apr 17, 2009 2:12am Apr 17, 2009 2:12am
Quoting nooblaster
anyone know when is the rate cut announcement? this week? or next
Try this...
http://www.forexfactory.com/calendar.php
  • #86,608
  • Apr 17, 2009 2:16am Apr 17, 2009 2:16am
Quoting plan-b
retail sales in 3 minutes
Quoting Driver55

You may be right Jay,
Today there are no important data, and it is a pity given that the market struggled a lot to get here.
However I continue to believe that today we break this level.

EDIT
A possible swing might be acceptable up to 1525 for usdchf (3140 for EURUSD)


-3.8%

D55, you seem to be on to something. Good going mate!
Not all sins are created equal
  • #86,609
  • Apr 17, 2009 2:17am Apr 17, 2009 2:17am
for some relaxation:
Inserted Video
  • #86,610
  • Apr 17, 2009 2:23am Apr 17, 2009 2:23am
Quoting Jay Walker
-3.8%

D55, you seem to be on to something. Good going mate!

i have been long usd/chf 1.1475
now waiting for eu to retrace to around 1.3130 to enter short
Some drink at the fountain of knowledge. Others just gargle !
  • #86,611
  • Apr 17, 2009 2:24am Apr 17, 2009 2:24am
Quoting haminik
for some relaxation:
http://www.youtube.com/watch?v=7EYAU...eature=related
http://www.goodha.com/FStore/Work_Fi...6_28780384.gif
  • #86,612
  • Apr 17, 2009 2:35am Apr 17, 2009 2:35am
as predicted 1.3110 was achieved... might retrace back to 1.3080s later today if we can see the pair closing around 1.3110 at 10:00 GMT.. Personally after reaching 1.3110 i am staying away from either direction.
  • #86,613
  • Apr 17, 2009 3:04am Apr 17, 2009 3:04am
Just added to my long @ 3094
  • #86,614
  • Apr 17, 2009 3:07am Apr 17, 2009 3:07am
Quoting stewrigh
Just added to my long @ 3094
Me too... 3085

Though I should add... I'm not expecting to hold this very long. I'll soon be back on the sidelines and waiting for a better entry point, looking longer-term.
  • #86,615
  • Apr 17, 2009 3:11am Apr 17, 2009 3:11am
Why do recessions take place? to rebalance economies.
If you people think we will go back to what was happened previously dollar weakness we will have a repeat of the last two years again.
Growth will not be driven by consumption but investment into technology, the era of oil is over, exxon chairman claims us oil consumption has peaked.
  • #86,616
  • Apr 17, 2009 3:12am Apr 17, 2009 3:12am
Quoting F.x.
Me too... 3085

Though I should add... I'm not expecting to hold this very long. I'll soon be back on the sidelines and waiting for a better entry point, looking longer-term.
Yep - my bias is still short - but my charts are telling me to go long.

Hope my charts aren't lying - lol.
  • #86,617
  • Apr 17, 2009 3:14am Apr 17, 2009 3:14am
Quoting lloydblankfe
Why do recessions take place? to rebalance economies.
If you people think we will go back to what was happened previously dollar weakness we will have a repeat of the last two years again.
Growth will not be driven by consumption but investment into technology, the era of oil is over, exxon chairman claims us oil consumption has peaked.
And the point you are trying to make is....
  • #86,618
  • Apr 17, 2009 3:27am Apr 17, 2009 3:27am
Quoting Jay Walker
When is Trichet's teabag coming? Will it be live on TV?
Trichet, speaking in Tokyo, said nonstandard steps for banks are needed and the ECB must do everything to restore corporate confidence. The ECB policy board is scheduled to meet on April 23 and May 7.The euro selling was also fueled by Trichet's comments on currencies. He noted it is difficult for him to say that the euro is weak at present, and that he is very appreciative of the U.S.'s strong-dollar policy remarks. Trichet's comments represent his "de-facto approval" for players to push the euro down further against the dollar, said Yuji Saito, head of FX at Societe Generale.

Can Short EUR/USD to 125 by 27-Apr...
  • #86,619
  • Apr 17, 2009 3:31am Apr 17, 2009 3:31am
just login..guys who know these 2:
1. dow rise like mad last night from 7950 to 8160?? why? I almosted shorted it when wake up 1hr before dow close.... but for fear of a truth break out... exit the short.
2. usd/chf breaks 1.16 again... did swiss c-banker say anything? [edit: EcB?]
thanks for 1 or 2 word quick reasons.
china's stocks is a fall today base on weaker than promised Q1 GDP... this is only thing happen that's meaningful to me >_>
  • #86,620
  • Apr 17, 2009 3:34am Apr 17, 2009 3:34am
Euro Falls After Trichet Says ECB Must Do Everything Possible (Bloomberg) -- The euro fell to a one-month low against the dollar after European Central Bank President Jean- Claude Trichet said the central bank must do everything possible to restore confidence, signaling further interest-rate cuts. The dollar headed for a second weekly gain versus the euro before a U.S. report today that may show consumer confidence in the world’s largest economy rose for a second month, providing signs its recession may be easing. South Korea’s won was set for a sixth weekly advance, its best winning streak in 18 months, on optimism record-low borrowing costs and government stimulus plans will help salvage an economy on the brink of recession.

JPMorgan earns $2.1bn on record sales (FT) -- Jamie Dimon on Thursday expressed JPMorgan Chase’s desire to be free from government intervention, calling the US Treasury’s toxic assets plan “irrelevant” to his bank and saying the lender could immediately repay $25bn in federal aid without raising new capital. The chief executive’s comments underscore the belief at healthier banks, such as JPMorgan and Goldman Sachs, that severing financial ties with the government would give them an edge on weaker rivals.

NZ PM Key rules out further stimulus (FT) -- The government of New Zealand, the first developed economy to enter recession in the current crisis, “cannot afford” any further fiscal stimulus for its embattled economy and is instead looking to curb spending, John Key, the prime minister, said on Thursday. “We don’t want to challenge the ratings agencies by being overtly provocative,” Mr Key told the Financial Times in an interview. “We don’t want to do anything that would precipitate a downgrade.” His comments came as the OECD released a survey painting a bleak picture of New Zealand’s economic prospects, saying the country would most likely remain in recession for the rest of this year before recovering “only hesitantly” in 2010.


The deduction is that:

- Trichet imo think wants a weaker €.
- Earnings: Lot of the not household names forecasting bigger losses to come. Household names not exactly hitting it out of the park either.
- Shirakawa: Japan economy worsening sharply.
- Fisher in Beijing: Understands Beijing's concerns. Downplays risk of $ depreciation.
- Yellen: US econ still in grip of negative feedback loop.
- Blanchflower: UK is in jobs crisis.
- Big € coupon + redemption day today.
- €: so is it trying to disassociate itself with the pavlovian response of being bought every time equities go up, or is it anticipating the next move in risk assets ? Lot of stuff going on. Oddly enough possibly most of it in the same direction.
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