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  • #92,601
  • May 5, 2009 8:16am May 5, 2009 8:16am
ECB is gonna decide interest rate tomorrow......1/4 point dow is expected any thing lower than that is gonna send the EUR through the roof
  • #92,602
  • May 5, 2009 8:20am May 5, 2009 8:20am
I like double tops, they are meant to be broken, especially when not fully extended. Let's see
  • #92,603
  • May 5, 2009 8:20am May 5, 2009 8:20am
Quoting dysan4x
oh well - I'm not a conspiracy theorist but this smells bad. Still along for the ride where ever we go.
I don't think that's a conspiracy theory at all, that is one of the reasons i am waiting for some profit taking on the equity markets, therefore looking for shorts in the EU, which for the moment would look counter-trendish.
  • #92,604
  • May 5, 2009 8:22am May 5, 2009 8:22am
For those interested in fundies and waiting for Trichet speech.. I would much rather read stuff about stress test right now. It's much, MUCH more important than EU rate right now.

FYI

http://money.cnn.com/2009/05/01/news...ion=2009050117

Why the above? There is a reason hidden somewhere on the results.

http://www.sfgate.com/cgi-bin/articl...BU7V17E4US.DTL

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

http://www.reuters.com/article/bonds...55341320090505
  • #92,605
  • May 5, 2009 8:25am May 5, 2009 8:25am
cant fight city hall..dollar index going down. 3 cents since april 20 ish.... e-index mirror image going up 2.5 cents since april 21ish.. keep an eye on equitys as long as they are going up longs should be safe if bought on pullbacks. lots of things happening on other charts that eu chart has not caught up with. the sun has shown you the light..
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those who can, do. those who cant, talk about those who can
  • #92,606
  • May 5, 2009 8:26am May 5, 2009 8:26am
My short is looking ok, SL moved to BE +
  • #92,607
  • May 5, 2009 8:26am May 5, 2009 8:26am
Quoting Atlast
Trichet speech, what time?
trichet speaks on thursday 8:30 am eastern, has press conference after rate announcement
"i wake up in the morning, and i piss excellence"
  • #92,608
  • May 5, 2009 8:26am May 5, 2009 8:26am
Quoting Roberto6464
ECB is gonna decide interest rate tomorrow......1/4 point dow is expected any thing lower than that is gonna send the EUR through the roof
Actually, the ECB announces its new Minimum Bid Rate on Thursday (1145gmt). It is projected at 1.00%. In theory, anything lower will actually send EUR/USD down - not up.

Other big news this week is Friday's USD Non-Farm Employment Change. Always stay out of the way of that. (on the sidelines)

I agree with Mikkom's post - pay close attention to the US Banking Stress Tests, which are a week or two late coming, but supposed to come this week. IMO, the news that has leaked about that over the past few weeks is biggest reason for EUR continuing to climb outside downward trend lines.

My two cents
Up or down, gimme a ticket
  • #92,609
  • May 5, 2009 8:29am May 5, 2009 8:29am
Quoting gatorinla
cant fight city hall..dollar index going down. 3 cents since april 20 ish.... e-index mirror image going up 2.5 cents since april 21ish.. keep an eye on equitys as long as they are going up longs should be safe if bought on pullbacks. lots of things happening on other charts that eu chart has not caught up with. the sun has shown you the light..
so....I know you trade the daily charts like I do.....do you think the light is shining north......You do not think we are gonna go back into the 20s?
  • #92,610
  • May 5, 2009 8:31am May 5, 2009 8:31am
Quoting SpecialEd
Actually, the ECB announces its new Minimum Bid Rate on Thursday (1145gmt). It is projected at 1.00%. In theory, anything lower will actually send EUR/USD down - not up.

Other big news this week is Friday's USD Non-Farm Employment Change. Always stay out of the way of that. (on the sidelines)

I agree with Mikkom's post - pay close attention to the US Banking Stress Tests, which are a week or two late coming, but supposed to come this week. IMO, the news that has leaked about that over the past few weeks is biggest reason for EUR continuing...
what I have heard is that the stress will show many banks needing extra liquidity, among which major banks like wells fargo and citi, isn't that reason for the EUR to go down?
  • #92,611
  • May 5, 2009 8:31am May 5, 2009 8:31am
Double top scenario on 4hr for EU
  • #92,612
  • May 5, 2009 8:32am May 5, 2009 8:32am
Quoting arthurb
I don't think that's a conspiracy theory at all, that is one of the reasons i am waiting for some profit taking on the equity markets, therefore looking for shorts in the EU, which for the moment would look counter-trendish.
Same here. Hopefully we'll get some now the US has opened
  • #92,613
  • May 5, 2009 8:37am May 5, 2009 8:37am
Quoting arthurb
I don't think that's a conspiracy theory at all, that is one of the reasons i am waiting for some profit taking on the equity markets, therefore looking for shorts in the EU, which for the moment would look counter-trendish.
Hi,
can you tell me where can i find the equity markets cotation in order to see if it are going up or down, to help me about the investment in forex.
Thanks?
  • #92,614
  • May 5, 2009 8:40am May 5, 2009 8:40am
Quoting Roberto6464
so....I know you trade the daily charts like I do.....do you think the light is shining north......You do not think we are gonna go back into the 20s?

after we break trendline maybe... i think its a crock of crap..a big bubble.. but charts tell sit down and shut the puc up. so im scalping or day trading pullbacks north.. but i only traded eu once since last week for a quick scalp..im trading ej north because it doesnt have the longer term trend line..i think ceiling on ej will be easier to break through compared to eu. my account is 6 % bigger then it was when i closed my eu shorts last week..if it aint broke dont fix it.. oh and besides mirror image on uc.. the gu next target is jans high (wk jan 4)
those who can, do. those who cant, talk about those who can
  • #92,615
  • May 5, 2009 8:42am May 5, 2009 8:42am
Quoting gatorinla
after we break trendline maybe... i think its a crock of crap..a big bubble.. but charts tell sit down and shut the puc up. so im scalping or day trading pullbacks north.. but i only traded eu once since last week for a quick scalp..im trading ej north because it doesnt have the longer term trend line..i think ceiling on ej will be easier to break through compared to eu. my account is 6 % bigger then it was when i closed my eu shorts last week..if it aint broke dont fix it..
gotcha.... hey are you FL fan?
  • #92,616
  • May 5, 2009 8:43am May 5, 2009 8:43am
Quoting Alado
Hi,
can you tell me where can i find the equity markets cotation in order to see if it are going up or down, to help me about the investment in forex.
Thanks?
This is the correlation between EU and S&P 500 index, which is trade-able too.
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  • #92,617
  • May 5, 2009 8:45am May 5, 2009 8:45am
Quoting Roberto6464
what I have heard is that the stress will show many banks needing extra liquidity, among which major banks like wells fargo and citi, isn't that reason for the EUR to go down?
You may be right, but I figured it meant EUR/USD would go up (good for EUR), because of its indication of poorer conditions in US economy.
Up or down, gimme a ticket
  • #92,618
  • May 5, 2009 8:47am May 5, 2009 8:47am
Quoting SpecialEd
You may be right, but I figured it meant EUR/USD would go up (good for EUR), because of its indication of poorer conditions in US economy.
I tought....less risk adversion, lower dow....stronger dollar....just like in the past 10 months
  • #92,619
  • May 5, 2009 8:47am May 5, 2009 8:47am
Quoting Roberto6464
gotcha.... hey are you FL fan?

LSU fan first. SEC second..
those who can, do. those who cant, talk about those who can
  • #92,620
  • May 5, 2009 8:48am May 5, 2009 8:48am
uh oh euro, no stock market to hold you up?
"i wake up in the morning, and i piss excellence"
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