EURUSD

already done

another sell @ 1.41 SL 1.413 TP +30 pips

I already got 70 pips this morning from GU so i doesn't matter to lose 30 pips

Lol at least your doing well...

forexlive said: BIS selling EU, china seling GU and asian sovereign selling EU... let's verify..one thing for sure don't fuck up with china for now

Head and shoulders forming on 15M TF.. on EU and GU

Yes. We'll see.

Traders aggressively buying into US Dollar declines, EURUSD shorts up 28% overnight, USDCHF longs up 38%. Contrarian signal to sell.

US released its Empire Manufacturing for July showing an unexpected incline as it came in at -0.55; better than the forecasted reading of -5.00 and the prior reading of -9.41.

Hmm... don't see any H&S. But I see a double bottom for GU on 4-H Chart.

I will kill you this parity.

http://www.dizidizi.net/wp-content/u...l_point_06.jpg

http://i47.photobucket.com/albums/f174/ftogrul/kill.gif

The people's bank of China said today that china's foreign exchange reserves inclined to a record at $2 trillion for the first time. Reserves increased by $178 billion during the second quarter compared with $7.7 billion incline in the first quarter, indicating that the Chinese government couldn’t find the proper investment opportunities amid deterioration in economic conditions around the glob.



However, the people's bank governor said that there will be no change in managing the reserves after the Chinese government said that it is looking forward to a supranational currency. The M2 monetary supply edged up to 28.5% in June compared with a year earlier after it inclined in May to 25.7%.



Worth mentioning that china's reserves doubled in about two and a half years due to the surplus of its trade balance, while its currency (Yuan) was kept low to support the exports sector especially that the financial crisis affected world demand for the Chinese products.

I am holding my sell...

make sure TP above 1.404

IMO EU going down

I think not yet, PA on the upside is too greedy atm...

will fight. I will beat euro

Its about (the 2 trillion) 1500$ per capita. It's not too much. They can eat it if people start to spending money, because lot of people hungry in china.

Other hand if in the past china had paid all of the licence and others -which stolen from US and countries -, china wouldn't have had any reserves.

Agreed. I just took short position @ 4102. 25 SL targeting 3995. I'm at BE once it's plus 20.

Amen. Yuppie yeah

Down Euro

s&p is green