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constin's journal : News and Fundamentals

  • #61
  • Sep 8, 2009 6:10am Sep 8, 2009 6:10am
For an example I am shorting EURGBP from .87710 and it went upto .87310 and now at .87480...........And I am biased as I am not so long term trader.......Hold my trade for at best one week........

Why I am referring this trade as I got some bad news on EUR when the pair was at .87360 but after that bad news I thought it will break its last resistance .8725 and will go down.........But in practical it is heading up and I am confused now what to do..............haha.............I am biased ............Should I use the news or not????????haha.........Yes sometimes some very good news breaks all resistances but not all the time..............

For this reason I ask them who use fundamental indicators how to use it?????????And for my bad luck it is now at .8753 haha.............
  • #62
  • Sep 8, 2009 6:47am Sep 8, 2009 6:47am
fundamental wise i would compare both:
Attached Image (click to enlarge)
Click to Enlarge Name: euro f1.png Size: 92 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbp f1.png Size: 86 KB

Strong news overpower fundamentals.
  • #63
  • Sep 8, 2009 6:55am Sep 8, 2009 6:55am
Quoting kawser
For an example I am shorting EURGBP from .87710 and it went upto .87310 and now at .87480...........And I am biased as I am not so long term trader.......Hold my trade for at best one week........

Why I am referring this trade as I got some bad news on EUR when the pair was at .87360 but after that bad news I thought it will break its last resistance .8725 and will go down.........But in practical it is heading up and I am confused now what to do..............haha.............I am biased ............Should I use the news or not????????haha.........Yes...
You are right, the euro it's been kind of bullish since the Germany Factory Orders. But EurGbp its been bearish. What news influence it?
Attached Image (click to enlarge)
Click to Enlarge Name: euro german factory orders.png Size: 27 KB
  • #64
  • Sep 8, 2009 7:10am Sep 8, 2009 7:10am
That's a good way to compare the pairs.........hmm.......But today's GBP's Manufacturing production was very much good than expectation........waiting for the next news on EUR AND GBP and my no indicator did not gave me exit signal and gonna hold my short in EURGBP and my common sense tells me that EUR should slow and GBP has gap to go up.....But I don't believe in my common sense................lol............

Thanx..............
  • #65
  • Sep 8, 2009 4:30pm Sep 8, 2009 4:30pm
Euro it's been rocking on better than expected German factory orders and German trade balance:
Attached Image (click to enlarge)
Click to Enlarge Name: euro f,t.png Size: 27 KB
  • #66
  • Sep 8, 2009 4:44pm Sep 8, 2009 4:44pm
NIESR GDP Estimate- this is a much less lagging GDP indicator released monthly, about 7 days after the month ends from the National Institute of Economic and Social Research (NIESR).
previous -0.3 actual 0.2
  • #67
  • Sep 8, 2009 5:18pm Sep 8, 2009 5:18pm
Quoting kawser
That's a good way to compare the pairs.........hmm.......But today's GBP's Manufacturing production was very much good than expectation........waiting for the next news on EUR AND GBP and my no indicator did not gave me exit signal and gonna hold my short in EURGBP and my common sense tells me that EUR should slow and GBP has gap to go up.....But I don't believe in my common sense................lol............

Thanx..............
Some news links about you say:
http://www.bloomberg.com/news/markets/currencies.html

http://www.bloomberg.com/apps/news?p...d=aDZ_0BhNC7Ls
  • #68
  • Sep 10, 2009 6:11am Sep 10, 2009 6:11am
Asset Purchase Facility-Total value of money the BOE will create and use to purchase assets in the open market. actual 175b.
http://www.bankofengland.co.uk/publi...s/2009/065.htm
  • #69
  • Sep 10, 2009 6:18am Sep 10, 2009 6:18am
Quoting constin
Some news links about you say:
http://www.bloomberg.com/news/markets/currencies.html

http://www.bloomberg.com/apps/news?p...d=aDZ_0BhNC7Ls
thanx for the link...........
  • #70
  • Sep 10, 2009 6:24am Sep 10, 2009 6:24am
Quoting kawser
thanx for the link...........
You're welcome

Constin
  • #71
  • Sep 13, 2009 1:51am Sep 13, 2009 1:51am
http://www.forexfactory.com/news.php

http://www.reuters.com/finance/currencies

http://www.bloomberg.com/news/markets/currencies.html

http://www.newsnow.co.uk/h/Business+...nce/Currencies

http://biz.yahoo.com/topic/currency/

Enjoy,

Constin
  • #72
  • Sep 13, 2009 3:26am Sep 13, 2009 3:26am
cool statements...can you tell me how do you react when market moves against your expectation and your analysis?

how do you come out with profit in that situation?
  • #73
  • Sep 13, 2009 2:44pm Sep 13, 2009 2:44pm
Quoting Alihuzaifa
cool statements...can you tell me how do you react when market moves against your expectation and your analysis?

how do you come out with profit in that situation?
At the moment i trade on demo and i will be on demo for long time. If the market moves against my expectations i close the loosing trades. there is no profit but losses.
  • #74
  • Edited 7:16am Sep 15, 2009 6:13am | Edited 7:16am
Inflation Report Hearings
Pound Declines Against Euro, Dollar; BOE May Cut Deposit Rate.
http://www.bloomberg.com/apps/news?p...d=aU70SFIprXpc
http://www.nytimes.com/reuters/2009/...king.html?_r=2
  • #75
  • Sep 15, 2009 6:32am Sep 15, 2009 6:32am
http://en.wikipedia.org/wiki/Overnight_rate
  • #76
  • Sep 15, 2009 4:17pm Sep 15, 2009 4:17pm
Quoting constin
Inflation Report Hearings
Pound Declines Against Euro, Dollar; BOE May Cut Deposit Rate.
http://www.bloomberg.com/apps/news?p...d=aU70SFIprXpc
http://www.nytimes.com/reuters/2009/...king.html?_r=2
There is been some bearishness in the past 10 hours
Attached Image (click to enlarge)
Click to Enlarge Name: gbp report.png Size: 24 KB
  • #77
  • Edited 5:13am Sep 16, 2009 12:55am | Edited 5:13am
Quoting constin
Inflation Report Hearings
Pound Declines Against Euro, Dollar; BOE May Cut Deposit Rate.
http://www.bloomberg.com/apps/news?p...d=aU70SFIprXpc
http://www.nytimes.com/reuters/2009/...king.html?_r=2
Around 24 hours since the report now and the GBP still bearish:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp report 1.png Size: 27 KB
  • #78
  • Sep 16, 2009 1:30am Sep 16, 2009 1:30am
These speeches are so intrigue to me:
"LONDON (Reuters) - The economy has probably started growing again but recovery will be slow and risks to inflation are still to the downside, Bank of England Governor Mervyn King said on Tuesday.
King also defended the work of the BoE Monetary Policy Committee (MPC) after criticism from former member David BlancHflower, who said King dominated it with his hawkish views on interest rates."

downside(definition)= A disadvantageous aspect
I would say that inflation will bring the raise of the interest rates.
  • #79
  • Sep 16, 2009 2:47am Sep 16, 2009 2:47am
I notice lots of green for the usd:
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  • #80
  • Sep 16, 2009 4:55am Sep 16, 2009 4:55am
Japan 'opposes yen intervention'

http://news.bbc.co.uk/2/hi/business/8258362.stm
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