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  • #142,661
  • Sep 15, 2009 2:18am Sep 15, 2009 2:18am
Quoting Pipster888
Major International group of traders just issued a SELL on euro Bring it ON...
that's what all the international traders will get should this be the big one today.
  • #142,662
  • Edited 2:23am Sep 15, 2009 2:21am | Edited 2:23am
Quoting GulfCoastPip
Source?
Just pmd you ..
  • #142,663
  • Sep 15, 2009 2:23am Sep 15, 2009 2:23am
Until the US dollar losses its reserve status, it's still the reserve, and that means every indication or threat of escalation of tension sees me buying the US dollar.

Worst-case scenario

"Increased trade tensions, if they develop, will raise market speculation that China could retaliate against the U.S. by either reducing its outright purchases of Treasurys or, in a worse-case scenario, selling some of its existing holdings of Treasurys," HSBC said.
"That is easier said than done, as China's ongoing [foreign-exchange] intervention and subsequent accumulation of U.S. dollar mean that they will have an ongoing need to purchase more Treasurys. But from the market's perspective, the perceived risk of diminished Chinese interest in U.S. Treasurys -- if that develops -- will be bearish for the U.S. dollar," it said.
The recent spat may well remain topical in the media and financial markets ahead of the U.S. President Barack Obama's meeting with Chinese leaders at the Group of 20 nations' summit in Pittsburgh later this month, HSBC said.
China, armed with the world's largest foreign exchange reserves of more than $2 trillion at the end of June, is a major purchaser of U.S. sovereign debt.
  • #142,664
  • Sep 15, 2009 2:24am Sep 15, 2009 2:24am
Quoting Fly2
longer term yeah on that/for now 580/530 I have targeted as of right now.16700 is also in ? but not as I type for me
wish you green in this trade but certainly little risky ,more than down similar to am risking in long in eu as long as price above 1.4588
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #142,665
  • Sep 15, 2009 2:31am Sep 15, 2009 2:31am
Quoting fontu
wish you green in this trade but certainly little risky ,more than down similar to am risking in long in eu .
fontu
GL to you too/I trade 15 min so I'm in and out at certain times /then I'll wait for next setup for me!
+50 pips on Pound so far
  • #142,666
  • Sep 15, 2009 2:42am Sep 15, 2009 2:42am
It's in the politics. Watch who makes the decision.

Japan’s currency strengthened to 90.21 yesterday, matching the strongest level since Feb. 12.

Now watch this:
“The DPJ seems to be against intervention, but it’s a different story if the yen continues to appreciate amid the unclear recovery of the Japanese economy,” Ikeda said. “If the yen strengthens towards 85 yen per dollar, then the government may intervene.”

Who will be the next finance minister?
Yukio Hatoyama, poised to become Japan’s next prime minister, decided last night to nominate Fujii, 77, as finance minister
  • #142,667
  • Sep 15, 2009 2:43am Sep 15, 2009 2:43am
triple-diples
  • #142,668
  • Sep 15, 2009 2:49am Sep 15, 2009 2:49am
Oanda wire rumors large E/U option expiry strike @ 1.4560 at 1400 GMT today, size 750 mio-2 bio....

If true & if we have a confluence of red US news (Retail sales, etc) then we could see lower .45xx...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #142,669
  • Sep 15, 2009 2:50am Sep 15, 2009 2:50am
and the significant gets only a little exposure:

Today
China's ministry of foreign affairs spokesman Qin Gang:

"If conditions are right we want to hold more euros, but it must be in our interest,' he said. "We must get good value. We want our reserves to appreciate, or at least not devalue."
The current strength of the euro means the Chinese government may not be buying any time soon.


If the big player won't be buying, who will?
anyone? am I the only one to see the relevant stories here.

That's it for now.
  • #142,670
  • Sep 15, 2009 2:52am Sep 15, 2009 2:52am
Quoting The Fool
Oanda wire rumors large E/U option expiry strike @ 1.4560 at 1400 GMT today, size 750 mio-2 bio....

If true & if we have a confluence of red US news (Retail sales, etc) then we could see lower .45xx...
That goes back to my posting about the Chinese options buying last month. They bought for 1 month, so it's not all expiring same day. Which suits me just fine.
  • #142,671
  • Sep 15, 2009 2:55am Sep 15, 2009 2:55am
Alright. c'mon, who's long, we need some long players here. Where's your rationale? where's your facts. Don't be shy. The market is illogical at times. You could still win out.
  • #142,672
  • Sep 15, 2009 2:57am Sep 15, 2009 2:57am
http://www.forexlive.com/

No wonder EUR/USD lower
Written by Gerry Davies
September 15, 2009 at 07:45 GMT

Some heavy duty names have been selling EUR/USD this morning, including China and BIS around 1.4635/40. Middle East names have also been selling and Russia is said to have just pushed the pairing through 1.4600, triggering some stops which don’t appear to have been overly large.
Talk of large 1.4560 option expiry today.

can some kind soul point out to me more elaboration on this option stuff? I still have lot to learn. 10q.
  • #142,673
  • Sep 15, 2009 3:01am Sep 15, 2009 3:01am
Rumors rumors rumors....
  • #142,674
  • Edited 3:07am Sep 15, 2009 3:02am | Edited 3:07am
Quoting fontu
wish you green in this trade but certainly little risky ,more than down similar to am risking in long in eu as long as price above 1.4588
fontu
Still long? I closed all open EUtrades --waiting
  • #142,675
  • Sep 15, 2009 3:03am Sep 15, 2009 3:03am
Quoting Atlast
The current strength of the euro means the Chinese government may not be buying any time soon.


If the big player won't be buying, who will?
anyone? am I the only one to see the relevant stories here.

That's it for now.
Thanks Atlast for these snippets, very informative.
  • #142,676
  • Sep 15, 2009 3:06am Sep 15, 2009 3:06am
Quoting Atlast
Alright. c'mon, who's long, we need some long players here. Where's your rationale? where's your facts. Don't be shy. The market is illogical at times. You could still win out.
Ok, I admit. But this position is tiny. My rational is current value, support level, news and rumors tend to indicate opposite effect, basically RR involved with reversal versus blowing support. Also some long breakout features, though not neccessarily follow through.
  • #142,677
  • Sep 15, 2009 3:13am Sep 15, 2009 3:13am
Quoting Fly2
Still long? I closed all open EUtrades --waiting
yes , 14pips green ,sl be .Nothing to loss but can close anytime with profit.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #142,678
  • Edited 3:20am Sep 15, 2009 3:16am | Edited 3:20am
Quoting fontu
yes , 14pips green ,sl be .
fontu
Taking a high risk short on pound again
small one on Euro as well with a tight SL
  • #142,679
  • Sep 15, 2009 3:19am Sep 15, 2009 3:19am
I tell you though, one way or another something sizeable is coming. BB's on the 4hr 1hr and 30 min are all sqeezed tight.
  • #142,680
  • Sep 15, 2009 3:19am Sep 15, 2009 3:19am
Quoting Atlast
Alright. c'mon, who's long, we need some long players here. Where's your rationale? where's your facts. Don't be shy. The market is illogical at times. You could still win out.
I am still long. 26 hour SMA still holds. But I believe in correction in a day or two.
"I know one thing, that I know nothing." Sokrates
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