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EURUSD

  • #144,541
  • Sep 19, 2009 11:07am Sep 19, 2009 11:07am
EU brings Dell aid to Ireland before vote
2009-09-19 16:04:54

DUBLIN (Reuters) - The European Commission offered 14.8 million euros (13.3 million pounds) to help workers let go from Dell's Irish plant on Saturday, just weeks before the Irish vote on Lisbon's reform treaty.

Ireland has to ratify the Lisbon treaty, which is designed to give Brussels a stronger role in world affairs, in order for it to take effect across the 27-member bloc.

Irish voters, accounting for less than 1 percent of the union's near half a billion population, rejected the charter in a referendum last year and a second "No" would likely plunge the union into a crisis.

The importance of Europe for the battered Irish economy is the central theme of the government's campaign to ratify the EU's reform treaty on October 2 and Barroso reinforced that argument.

http://www.sharenet.co.za/v3/news_disp.php?id=96240
Nothing worth having is easy.
  • #144,542
  • Sep 19, 2009 11:29am Sep 19, 2009 11:29am
btw is there a forum problem now?

while trying to edit my post, i get this "

Sorry, the Forex Factory website has run into technical problems. Our team is working hard to solve the issue. We apologize for this inconvenience and we will strive to improve our reliability in the future.

"
anyone know how can i solve it?
  • #144,543
  • Sep 19, 2009 12:01pm Sep 19, 2009 12:01pm
Quoting richboy1972
My trading style is very simple... and b.bands are my main rule...
Now both daily and weekly are under the mid bb so I think we are going down...
Sure 1,5 is a big round number but we'll see....
Thanks for your opinion.
Have you fully considered the ultra-dovish SNB and their very aggressive and determined stance on preventing further appreciation of the Swiss franc?

You have to remember that when a central bank is acting to prevent their currency from strengthening, they have unlimited fire power as, in theory, they can print unlimited quantities from nowhere and flood the market with sell orders.

Be careful trading this pair as it could quickly bite, should the SNB aggressively intervene, which could cause price to gap violently past your stop.
  • #144,544
  • Sep 19, 2009 12:23pm Sep 19, 2009 12:23pm
Quoting trading801
btw is there a forum problem now?

while trying to edit my post, i get this "

Sorry, the Forex Factory website has run into technical problems. Our team is working hard to solve the issue. We apologize for this inconvenience and we will strive to improve our reliability in the future.

"
anyone know how can i solve it?
Write carefully, so that you don't have to edit your post.
The Thief of Wall Street
  • #144,545
  • Sep 19, 2009 12:40pm Sep 19, 2009 12:40pm
Quoting Chicky
Write carefully, so that you don't have to edit your post.
you are so funny
  • #144,546
  • Sep 19, 2009 12:59pm Sep 19, 2009 12:59pm
Quoting Alihuzaifa
you are so funny
Simple isn't it? It is like trading, never edit your trades
The Thief of Wall Street
  • #144,547
  • Sep 19, 2009 2:22pm Sep 19, 2009 2:22pm
Quoting $$$
Hi Traders! Especially pawan, whose question, I hope, is replied by the link below. Others, please, leave comments on the topic of such services as "leprecontrading" on my inbox. [email protected]. Thank you.
Leprechauns belong at the end of the rainbow, not on this forum.
Not all sins are created equal
  • #144,548
  • Sep 19, 2009 2:30pm Sep 19, 2009 2:30pm
Quoting $$$
Hi Traders! Especially pawan, whose question, I hope, is replied by the link below. Others, please, leave comments on the topic of such services as "leprecontrading" on my inbox. [email protected]. Thank you.

www.leprecontrading.com
what it says in English?
  • #144,549
  • Sep 19, 2009 2:39pm Sep 19, 2009 2:39pm
Quoting gammase1
Have you fully considered the ultra-dovish SNB and their very aggressive and determined stance on preventing further appreciation of the Swiss franc?

You have to remember that when a central bank is acting to prevent their currency from strengthening, they have unlimited fire power as, in theory, they can print unlimited quantities from nowhere and flood the market with sell orders.

Be careful trading this pair as it could quickly bite, should the SNB aggressively intervene, which could cause price to gap violently past your stop.
Maybe I have to reconsider my position... I'll reopen the chart to review my idea...
Thanks,
Massimo
I'll send a bottle of wine to my first voucherer ;-)
  • #144,550
  • Edited 6:02pm Sep 19, 2009 5:25pm | Edited 6:02pm
Quoting richboy1972
Maybe I have to reconsider my position... I'll reopen the chart to review my idea...
Thanks,
Massimo
EUR/CHF's strong rebound argues that it has bottomed out at 1.5109 on bullish convergence condition in 4 hours MACD but there was no confirmation yet. We'll stay neutral for the moment. Break of 1.5242 will confirm that fall from 1.5364, as well as consolidation from 1.5380 has completed and turn outlook bullish for retesting 1.5364/80 resistance zone. On the downside, another fall cannot be ruled out, but we'll expect strong support form 100% projection of 1.5380 to 1.5108 from 1.5364 at 1.5092 and bring reversal.

In the bigger picture, firstly, price actions from 1.5446 are treated as consolidation to rise from 1.4577 only and such rise is expected to resume sooner or later to test 1.5880 resistance. Secondly, the corrective structure of the fall from 1.5880 to 1.4577 indicates that it's a correction to medium term rise from 1.4315. Rise from 1.4577 is tentatively treated as resumption of rally from 1.4315. Hence we're expecting an eventual break of 1.5880 as rise from 1.4315 resumes. In other words, we're favoring the case that long term down trend from 1.6826 has completed at 1.4315 already. We'll hold on to this bullish view as long as 1.5007 support remains intact.

In the long term picture, outlook is rather mixed for the moment. On the one hand, the corrective three wave structure of the rise from 1.4391 to 1.6827 is arguing that fall from 1.6827 is resumption of long term down trend from 1.8234. The pattern of lower highs since 1.6826 gives no indication that such fall has completed yet. On the other hand, the failure to sustain below 1.4391 (01 low) and the lack of impulsive structure of fall from 1.6827 is not confirming the bearish case. Focus will be on the development of the rebound from 1.4315 for further hints.

http://www.actionforex.com/action-in...2009091996510/
  • #144,551
  • Sep 19, 2009 5:43pm Sep 19, 2009 5:43pm
Quoting Alihuzaifa
EUR/CHF's strong rebound argues that it has bottomed out at 1.5109 on bullish convergence condition in 4 hours MACD but there was no confirmation yet. We'll stay neutral for the moment. Break of 1.5242 will confirm that fall from 1.5364, as well as consolidation from 1.5380 has completed and turn outlook bullish for retesting 1.5364/80 resistance zone. On the downside, another fall cannot be ruled out, but we'll expect strong support form 100% projection of 1.5380 to 1.5108 from 1.5364 at 1.5092 and bring reversal.

In the bigger picture, firstly,...
Nice commentry. You haven't really talked much about the fundermental aspects however, as they are what is driving direction. The SNB has said they will continue to suppress the value of the CHF against the EUR as to stimulate their export, which their economy relies on this heavily.

The SNB did paint a rosier picture of the Swiss economy, which was better than had been forecasted: When the Libor rate came out at 0.25% on Thursday, price spiked up to 1.5230 in minutes, but just as fast as it rose, it fell, based on the fact that the Swiss economy is doing better than expected.

With the knowledge that the SNB can buy billions of Euros at any time to drive down the value of the Swiss franc: it is wise to have sensible stop losses in place if shorting the EUR/CHF.

I personally was on the wrong side of this pair as the SNB decided to buy 12? Billion euros, to drive down the value of the CHF, driving price up approx 580 pips in one day: quite a substantial move for this pair.

Technically, this pair has been ranging since march between 1.50 & 1.5380.

I to be honest, am not very sure within myself where this will go on Monday. Maybe a 30 or so pip fall below daily start, and finish the day about 15180 area? We shall see.
Probability Professor
  • #144,552
  • Sep 19, 2009 6:04pm Sep 19, 2009 6:04pm
The only thing that this guy knows is copy and paste others comments without leaving feedback to the original autor, he sucks completely and have no clue at all.

http://www.actionforex.com/action-in...2009091996510/

Quoting Galation
Nice commentry. You haven't really talked much about the fundermental aspects however, ....
  • #144,553
  • Edited 6:16pm Sep 19, 2009 6:09pm | Edited 6:16pm
Quoting cobraforex
The only thing that this guy knows is copy and paste others comments without leaving feedback to the original autor, he sucks completely and have no clue at all.

http://www.actionforex.com/action-in...2009091996510/
yes again u made itomg

you seriously need to visit optician this weekend...hahaha
  • #144,554
  • Sep 19, 2009 7:06pm Sep 19, 2009 7:06pm
I am 99% sure that EURUSD will fall this coming week. I am watching both the Daily and Hourly. My signals have confirmed this across the board.

We are looking at a drop to 1.4596 or 1.4577....if that is broken to the downside, possibly to or 1.4508 or 1.4466...so at the very least, a 106 pip slide south...at most 240 pips

Let's place some bets on this....if it goes above 1.4766 then you can slap me around and call me out....but if I'm correct I collect my virtual dollar.....

I'm taking virtual dollar bets here....why dollar bets? Because I don't want to condone ahem...gambling We're all technical and fundamentalists here...hehe

But seriously, that's my take.....who's in? If you vote, Vote Yay for Long or Yay for Short..
In Charts We Trust!
  • #144,555
  • Sep 19, 2009 7:29pm Sep 19, 2009 7:29pm
Quoting Chicky
Write carefully, so that you don't have to edit your post.
hey !! nah it is the first post of my thread where i do my latest updates
  • #144,556
  • Edited 7:43pm Sep 19, 2009 7:38pm | Edited 7:43pm
Quoting Patience
IMF May Sell Gold to Help It Fund Lending
Published: Friday, 18 Sep 2009 | 6:16 PM ET

The International Monetary Fund's executive board on Friday was discussing selling some of the fund's gold to provide low-interest loans to poor countries and shore up its internal finances.

The move, authorized by the G-20 countries at their summit in London in April, has been long expected and discounted by commodity markets, where the price of gold has been rising amid fears of a weakening dollar and a resurgence of inflation.

The IMF is planning...
I believe we will test 1.4600 area monday there has been a direct corelation with gold recently... should see seliing of euro monday as gold goes down all over the wires 4pm onwards friday market didnt get a chance to digest as most where closed believe we will see panic selling gold monday next safe haven USD Imho..
  • #144,557
  • Sep 19, 2009 7:40pm Sep 19, 2009 7:40pm
Quoting X.Oden
I am 99% sure that EURUSD will fall this coming week....
I agree will test 1.4600 monday daily is Hung believe will retrace then one more push up before euro gets hammered in the coming weeks..
  • #144,558
  • Edited 8:12pm Sep 19, 2009 7:59pm | Edited 8:12pm
Quoting Patience
IMF May Sell Gold to Help It Fund Lending
Published: Friday, 18 Sep 2009 | 6:16 PM ET

The International Monetary Fund's executive board on Friday was discussing selling some of the fund's gold to provide low-interest loans to poor countries and shore up its internal finances.

The move, authorized by the G-20 countries at their summit in London in April, has been long expected and discounted by commodity markets, where the price of gold has been rising amid fears of a weakening dollar and a resurgence of inflation.

The IMF is planning...

NEWS WAS LATE NY SESSION equates to 13 BILLION GOLD to be sold by IMF if that aint a reason For PANIC and FEAR Monday dont know what is...Euro direct corelation with gold we are going Down Monday how far down time will tell as always..And its not they MAY sell they are SELLING..
  • #144,559
  • Sep 19, 2009 8:13pm Sep 19, 2009 8:13pm
Well I don't think it will be a dip, I think it will be a USD Rally...with a slight retrace on EUR and then another hard rise by USD....all the other pairs have already moved, the correlations always catch up...and at the moment, the EUR is out of correlation...outside of that, I'm just going by what the charts are saying in its foot print...discounting all the comments for and against the USD....



Quoting Pipster888
NEWS WAS LATE NY SESSION equates to 13 BILLION GOLD to be sold by IMF if that aint a reason For PANIC and FEAR Monday dont know what is...Euro direct corelation with gold we are going Down Monday how far down time will tell as always..
In Charts We Trust!
  • #144,560
  • Sep 19, 2009 8:41pm Sep 19, 2009 8:41pm
Quoting X.Oden
Well I don't think it will be a dip, I think it will be a USD Rally...with a slight retrace on EUR and then another hard rise by USD....all the other pairs have already moved, the correlations always catch up...and at the moment, the EUR is out of correlation...outside of that, I'm just going by what the charts are saying in its foot print...discounting all the comments for and against the USD....
Agree gbp/usd down 400 pips aprox in 7 days..
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