trading801's Koala Forex Articles and EUR/USD views

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thank you actionforex for your kind pivots

S3------S2------S1------PP------R1------R2-------R3
1.4747--1.4795--1.4871--1.4919--1.4995--1.5043--1.5119

Oct. 16 (Bloomberg) -- Treasuries, little changed, headed for a second weekly decline before a Federal Reserve report that economists said will show industrial production rose for a third-straight month.

Oct. 16 (Bloomberg) -- Asian stocks fell for the first time in four days, as LG Display Co. forecast product prices to fall, while earnings from Goldman Sachs Group Inc. and Citigroup Inc. disappointed some investors.

Oct. 16 (Bloomberg) -- Crude oil rose above $78 a barrel, capping its biggest weekly gain in two months, on an unexpected decline in U.S. gasoline stockpiles and refinery utilization.

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wow..


Oct. 15 (Bloomberg) -- The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.

Oct. 16 (Bloomberg) -- The U.S. Treasury Department criticized China for the “lack of flexibility” of the yuan and a buildup of foreign-exchange reserves while stopping short of branding the nation a manipulator of its currency.

Oct. 16 (Bloomberg) -- European stocks climbed and U.S. index futures gained as higher oil lifted the earnings outlook for energy producers and Google Inc. reported profit that beat analysts’ estimates. Asian shares retreated.

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Oct. 16 (Bloomberg) -- The dollar snapped a four-day losing streak against the euro, rising from a 14-month low, as some investors questioned whether the currency’s decline was overstated given signs of a U.S. economic recovery.

Oct. 16 (Bloomberg) -- European stocks rose to a one-year high and U.S. index futures gained as Google Inc.’s earnings buoyed speculation that the global economic rebound is accelerating. The dollar snapped a four-day decline

am watching the equities if it spurs the pair on

Good morning Koala,

I left 2 longs open, lost 40pips in total :S , well is Friday, I won't be here, so I will recover next week, I finish my week with -13pips not bad at all, but well I haven't been here to trade well.

Next week I will be back to normal, I hope you 2 buddies doing well.

C ya

Remember is Crazy Friday BE Extremely Careful

Formed is double bottom in TF 1H and 4H.

interesting developments .. am watching it

No Description.

EURUSD in (between 2008.08.11 to 2008.08.14) AND EURUSD now.

Afternoon Forex Market Session Overview

Previous session overview

The dollar is stronger against the euro in early New York trading Friday as investors take end-of-week profits and higher-yielding currencies take a breather after big run-ups over the past week.

But even though the dollar is being given a brief respite from its recent drubbing, the euro will rise again, analysts said.

The dollar continued to strengthen against the yen after analysts said key technical levels on Thursday were tripped, which sent the dollar higher against the yen.

The pound also continued to strengthen against the dollar, as investors who had shorted the British currency are now being squeezed out of the market as new investors flood into the pair, analysts said.

Meanwhile, U.S. Treasury Secretary Timothy Geithner said in a television interview that the U.S. dollar would retain its role as the world's reserve currency, but acknowledged maintaining its status entails "special obligations and responsibilities" to keep the dollar's value from eroding.

Market expectation

Investors are looking toward several pieces of data to be released Friday, including the Treasury International Capital report, industrial production numbers and consumer confidence data.

Strong economic data could give the euro a boost if investor's trade based on risk, with rosier data supporting an economic recovery and higher-yielding assets over the safe-haven dollar.

The TIC data is expected to show buying of U.S. Treasurys lent support to foreign inflows into the U.S. though analysts will be watching to see how much money U.S. investors are sending abroad, as the global economy recovers and investors abandon the dollar to chase higher yields overseas.

EURUSD continues to pivot around USD1.4880, following earlier reports of semi official demand seen around this area. However, rate did manage to extend intraday lows to USD1.4868, currently back around USD1.4884. Bids earlier reported in place between USD1.4865/60, more between USD1.4845/40. Offers remain in place at USD1.4925.

Dukascopy

i am still not home ! hows trading buddy

Not bad, I take 2 positions and got 15 pips, and now I haven’t open trading.

I think enough for today and I do not trade in latest hour.

how your trading today buddy?

having some leaks in the boat.. but proper money management... glad u made money good job!!

really a crazy friday so far heeee