EURUSD

Looks to me yen crosses are much more pronounced just now

the koalas are angry..

jay or cobra either one you are done for !

I think of a bear day ahead.

ps. How are you doing Stevefx?

Daily candle has Turned SOUTH Big and Blue on my radar now....

Starting to look like the BIG SOUTH ones last friday and the friday before...

blablablablabla

chinas actions IMHO is to create a stronger Usd as better for them and their economy Manufaturing industries we may see 1.3966 and 1.3780 in the next 7 to 14 days days ...

a sneeky and strategic action By China today ...

1.4190ish
fib 50%
50SMA
fib 38.2%

Blabalablaabla......any comment?

chickchickpickpickchickchickpickpick

I think we will need a wad of bad EZ news around the LO to push it down under the 00.

Here Chicky, have a Koala leg. It's on me.

Dammit can't you knuckleheads see we is trying to have a serious discussion about forex trading here!? Now get with the program!

Hey Chicky, I'm good, thanks, nice to see some bearishness...Maybe its just a little sell down til the US session. But I agree big burn is soon to be upon us. Looking forward to it-down target 3840. Then I throw my hat in with the bulls. How you?

collapsing right now thru .15...

what news spark this pip88

squaring my positions and getting ready for a bumpy friday ride

hug on to your fu#@%#@%king tree !

reason chinas comments has sparked a wave of risk aversion is due to the fact banks will have to either lend less or raise more capital if they are not already at the 12% mandatory capital requirments which sees a strong USD moving forward...

Yen and Usd dollar buying sparked by comments just out of china planning of tightening capital requirments of Banks ...

China Set to Raise Bank Capital Requirements, May Be Dollar Positive

Friday, 21 August 2009 03:34:24 GMT

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Written by Luis Gil, DailyFX Research
Chinese banks may be required to hold a greater portion of their assets in cash reserves to meet tighter new standards, the China Banking Regulatory Commission said in a rule change drafted today. To meet the 12% requirement banks will need to sell off shares or tighten lending. Growth in China's benchmark equity index, which has surged 60% since the start of the year, will likely suffer if this measure goes through. Fears of a resurgence in global risk aversion may lead share selling on a broader level by investors throughout the world. As risk rises, traders will likely look toward the significantly safer U.S. Treasury bond as a safe-haven asset. Since these fixed-income securities are denominated in dollars, the greenback will likely rise on such demand. Japanese Yen, which has been correlated with risk selling, will likely benefit for the mean time. The currency rose as much as 0.5% to 93.47 in the minutes following the news.

So...tomorrow is an expiry date for currency options. Why should I care? What does it mean for the E/U?