EURUSD

That is a wise decision to wait and see what happens, and then reassess the situation and see if all the setups are still in play. That is why I am sitting on the sidelines with this pair right now.

i hate news.

Looks like My upper resistance is going to get tested, a break and confirmation above that level means I will be looking for a long posisition once again!

2 beasts caught: GBP and CAD now watching my green pips...

What new came out that made all pairs go crazy??

Did u hit your sl?
i hit my trailing stop but also hit my buy limit

well cant win all the time

every single report, was much beter than expected

15:00 USD
ISM Manufacturing PMI
55.7 53.1 52.6

http://cdn.forexfactory.com/images/misc/viewchart.gif 15:00 USD
Pending Home Sales m/m
6.1% 0.2% 6.4%
http://cdn.forexfactory.com/images/misc/viewchart.gif 15:00 USD
Construction Spending m/m
0.8% -0.3% -0.1%http://cdn.forexfactory.com/images/m...us_revised.gif
http://cdn.forexfactory.com/images/misc/viewchart.gif 15:00 USD
ISM Manufacturing Prices
65.0 64.1 63.5

Well, that sets the stage for another 1.50 run. The market saw a ghost last Friday, but numbers like today's just throw fuel on the GDP number from last Thursday. The real question is, "Will the SNB intervine agian?" If yes, then I am going to exit this pair for a while. Central bank fights are battles best left to hedge funds and HSBC's (and the like). I have exited 1/2 of my longs and am holding the other 1/2 for 4950. Then we'll see about the SNB.

EU DEBT FUTURES] slumped to fresh session lows in wake of a triple whammy of broadly much stronger-than-expected US data of which markets appear at first glance to have focused on the US ISM manuf survey (55.7 vs 53 f/c from 52.6 last) & whopping leap in Pending Home Sales (rose 6.1% vs 0.0% f/c, last 6.4%). The 10-yr [BUND & GILT] futures dived to new intraday troughs of 121.77 & 118.05 (-13/-49 ticks on the day) from pre-release levels around 121.98/118.23, whilst the Dollar also dropped to a fresh low (1.4820/Eur, TWI hovering just above 76.00). This batch of US data clearly contradicts last week's crop which called into question the US recovery and led to a huge mark up in risk aversion (VIX soared 30% last week). Whether today's US data coupled with strong Chinese/EMU/UK PMIs earlier marks yet another turning point in market psych is difficult to say. Stocks are loving it - FTSE/Dax +1.3% up.

As suspected, [USD/CAD] has failed to make further northward bound progress today as a reduction in risk aversion caps headline strength, with recent upbeat US data also inspiring some modest selling. The pair has fallen off the earlier 1.0870 highs to hit a 1.0715 low so far, with 1.0850 and 1.0800 vanillas rolling off the free up the downside.
Heart warming US data with [ISM] and pending home sales both way above forecast and driving the Dollar to session lows vs the majors, bar Yen where cross trades have surged higher once again. Eur/Usd topping 1.4800 with the DJI up more than 100 ticks and Gold above $1060/oz.


A short intraday [CABLE] market is getting squeezed after the much firmer than forecast US reports. Gbp/Usd has rallied from a new day's low of 1.6328 and now retests 1.6400. Stops first touted through 1.6410, 1.6440/45 and the more pivotal 1.6480. Cable still a range trade, at least until a break of the latter, and we also note that Eur/Gbp is attempting to move beyond the 0.9035/40 fibo.


[US CONSTRUCTION SPENDING] rose 0.8% in September, following a 0.1% drop in August (revised from +0.8%). Between August's gain and September's revision, spending is just about where it was expected.


[US PENDING HOME SALES DATA] NAR realtors trade group said its index of pending homes sales rose 6.1% to 110.1 in Sept after being up 6.4% the month before. The index tracks contracts signed on existing 1-family homes but not closed yet. Sales are up 19.8% Y/Y. By major regions, sales were up in 3 of the 4 M/M, led by West at 13.3% while slowest in the South at 5.1%. The Northeast saw a drop of 1.7%. All are up Y/Y. Sept's rise marked 8th straight monthly gain in this series. Pending sales don't all make it to the finish line, but existing home sales (next step along the way for this category of homes) jumped over 9% in Sept to best level in over 2 yrs, partly helped by the govt's 1st-time homebuyers tax credit. The latter expires at end-Nov but Congress working on a short-term extension of it.

Dang it..... I had the day light savings on which made the news look like it was coming out at 8:00 Pacific time......Bollocks.......

looks like 1.4880 is within reach now...

Let's see if that would please Mr market.

went long € 1,4816,3 sl 1,4773 tp 1,4829.
tp got hit good trade

comment: next long above 1,4858

check out the daily chart. just big red green candles next to each other. Havent seen that much. What do you think is next for the daily chart

Now scalping short to watch the market fall back to 1.4800 or below

half positions closed. the rest at be+1

Yep it hit my SL, I have a long running right now.

1.4703 and 1.4841 Are we trapped in that fibo's range ?

how abt strong R at 1.4840? can it break? if NOT, I go for a SELL!!!!

brother, 1.4840 is the LINE.... a hidden line hardly break....