trading801's Koala Forex Articles and EUR/USD views

Thanks forexlive.com

Traders trim “risk”, Shanghai Index plunges 2.5%

Written by Sam Diakou
September 16, 2009 at 03:19 GMT

There has been a modest pullback in the majors after a bullish morning. Good offers towards 1.4700 in EURUSD has discouraged players to take it higher. Traders suspect Asian sovereign names and option related sellers await ahead of 1.4700. The Shanghai Index was also down 2.5% at one stage causing some traders to pull back on the reigns.

everyday when i look at the S&P500 green candles, it looks like a fantasy to me.

Unemployment 26years high

Folks still losing jobs

Foreclosure continues

Anyone has an opinion why the equities are doing so well?

goldman sachs robot/computer/algo traders throwing free taxpayer money at every dip they get

forget fundies...just forget them

Indeed - it seems that the hacker that broke into their trading computers stole the short programs

hahahah it is simply crazy right? if i held on to all my stocks instead of exiting earlier with small profit to play safe, i will be rich !

Latest Article 15 Sep 09

EUR/USD A top?

Click on link above for full article

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Sept. 16 (Bloomberg) -- Confidence in the world economy held at a record high in September after reports suggested the recession is over and officials said they won’t rush to withdraw stimulus, a Bloomberg survey of users on six continents showed.

anyone here speculating a top to short from ?

i have just retired from a 14 hour session of work and am totally drained...

folks i wont be writing a blog entry today.. consider this my "medical" leave,,

my back aches ... arrghh..

however , what i feel about this region remains the same like my previous article... http://www.thegeekknows.com/2009/09/eurusd-top.html

impt zone and very tempting to speculate a short.. clearing the 1.4719 however may open to new highs..

note that gold oil and s&p500 all are up.. the ballon doest bust eh ?

the man speaks

Sept. 16 (Bloomberg) -- Warren Buffett, the billionaire investor who last year called the financial crisis an “economic Pearl Harbor,” said the U.S. economy has “hit a plateau at bottom.”

thks forexlive

EUR/USD rings the register again

Written by Jamie Coleman
September 16, 2009 at 16:21 GMT

EUR/USD made a quick sprint to the 1.4725 level where yet another barrier was rumored. We dipped back to 1.4700 after a collecting another pelt…US equities continue to grind higher, making a fresh 2009 high at 1065 so far while gold remains at 1017.
Traders continue to fade EUR/USD and get stopped out at each subsequent technical inflection pint. Same as it ever was.

thanks fxlive

Heavy stops above 1.4750 in EUR/USD

Written by Sean Lee
September 16, 2009 at 22:17 GMT

There is still some decent sell orders around 1.4735/45 which may indicate a barrier option at 50 is being protected. My information is that the stops above 50 are sizeable and if triggered will cause a bit of excitement, especially if it happens in Asia where the markets are usually a bit thinner.

Latest Article 15 Sep 09

EUR/USD A top?

Click on link above for full article

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pivots ! thanks actionforex

S3------S2------S1------PP------R1-------R2------R3
1.4568--1.4606--1.4659--1.4697--1.4750--1.4788--1.4841

thank you forexlive.

EUR/USD consolidating at higher levels

Written by Gerry Davies
September 17, 2009 at 05:16 GMT

EUR/USD sits at 1.4725, exactly where North America closed out Wednesday, Asian trade seeing price action confined to a very narrow 30 points.
Risk appetite remains in good shape with Asian stocks posting decent gains. The Shanghai share index is currently up some 1.7%.

Technical supports 1.4700/05 and 1.4680, resistances 1.4735, 1.4750, 1.4770.
Talk of barrier option interest at 1.4750 and 1.4760, with sell orders said to lie just ahead of there at 1.4735 up through 1.4750.

Europe’s trade surplus widened to the most in more than a year, providing further evidence that the economy is improving. The euro is my favorite currency right now. I believe that the euro zone will begin increasing interest rates far before the US does and it looks as if traders believe so as well, increasing bets that the ECB will raise the benchmark yield from 1% by the middle of next year: the implied yield on the 3 month Euribor futures contract for June 2010 delivery is now 1.255% from 1.225% yesterday – implying at 25 bps increase. Saw this quote as well, backing up my thoughts: “Given the fragility of the US economy, the Fed can’t normalize credit and monetary easing policies. The bulk of highly liquid dollar assets will continue to flow into other currencies or commodities, putting downward pressure on the dollar,” stated by Mitsuru Saito, chief economist in Tokyo at Tokai Tokyo Securities.

if we fully take out 1.4719, 1.48 will be next huddle

Latest Article 15 Sep 09

EUR/USD A top?

Click on link above for full article

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thank you forexlive.

Euro zone July trade balance +12.6 bln euros

Written by Gerry Davies
September 17, 2009 at 09:04 GMT

Euro zone July trade balance has come in at +12.6 bln euros, demonstrably better than the median forecast of +6.4 bln. June’s balance was also revised up, to +5.4 bln from +4.6 bln.
July exports fell 19% y/y, while imports plunged 30%.
EUR/USD steady at 1.4735

ept. 17 (Bloomberg) -- The euro will surge to parity versus the pound and reach its highest level in more than a year against the greenback as investors borrow low-cost funds in the U.K. and U.S. to buy higher-yielding assets, BNP Paribas SA said.

ty forexlive

Philly Fed much higher than anticipated at 14.1

Written by Jamie Coleman
September 17, 2009 at 14:01 GMT

EUR/USD has firmed toward the upper end of recent ranges as Philly presaged continued improvment in next month’s ISM.
Looks like the market had a sniff of these figures, rebounding nicely from the 1.4690 area into the 1.4730s ahead of the figures. We’ve topped out at 1.4752 thus far.

Latest Article 17 Sep 09

EUR/USD approaches 1.48

"The currency pair is on full steam as it crushes 1.4719. The EUR/USD made a new high today at 1.4766..."

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