EURUSD

$hit, last week I wrote a post about bearish macd divergence on daily chart - had I been a long term trader I would have pulled the trigger and made some nice amount of money. Be the scalper they said...

The European Commission is becoming a little bit optimistic on economic prospects for the Eurozone and reflected in the latest set of growth and inflation projections. While 2009 is expected to contract by 4.0% (unch from the Sep f/cs), the economy is seen growing in 2010 expanding 0.7% (-0.1% before) before picking up in 2011 to +1.5%. The Commission's f/cs are a little better than those reported by the ECB back in September (-4.1% 2009, +0.2% 2010) and perhaps provides an indication of future upward revisions by the Bank's Staff forecasts when the new set is released in Dec. Meanwhile, [UK} growth is also seen picking up next year (+0.9% vs +0.1%) though the economy is f/c to contract by 4.6% in 2009 compared to a prev estimate of 4.3%. Even after the revised f/c for 2010, growth is still likely to be below the UK Govt's 1.25%. Modest EC adjusted 2009/10 inflation f/cs for Eurozone/UK (by -0.1%/+0.1% resp).] 10:16 GMT - Loose talk of a large Asian account and French bank on the bid at 1.6270 for now in [CABLE]. Some players expressing surprise that Gbp is holding up fairly well in the face of the latest Usd charge. Much of this outperformance comes versus the Euro, with Eur/Gbp losing over 30 points in the European session so far, currently trading around 0.9000 day's lows.

Remaining position closed at +190 pips profit. I might call it a day

if i knew this was going to drop 200 pips i would have left my position open lol ohwell still profited

check it out now and stochastic on weekly and month

Maybe 1.4645 is now a low? Or do you steel believe that there is bearish potential?

yes it does. but it may have a wide range.. so a smaller position with a wider sl may be best.. you can place it above 4675 later and eventually at be and so on..

wow. congratulations!

Good job. I'm curious, how far did you put the SL for that short. Are you willing to long if it is exceeded?

USD BULLS ROCK n ROCK SOME MORE!!!!

OCTOBER 8th WHAT? So I was off by 2 weeks on the daily....so what? I'm raking in all my EURO shorts now Woohoooo!!

Have bagged well over 2,532 pips spread across 20 pairs since the 12th of October and 414 pips since yesterday...hehe...

A few ticks above previous high 1.4858 for a nice and safe 20 pip SL. Not interested in buying atm.

any bond auction today?

dono... but you came in time 4 the crash... its the smaller banks turn.. last year england had bank problems before we knew about the rest.. well guess who all over again... shhhhhhh were not supposed to know..

A closer look at the [EC FORECASTS] for the EMU big four reveals an improved outlook for most. Although there is little that can save [GERMANY] from a massive 5.0% contraction this year (prev f/c -5.1%), GDP is seen picking up 1.2% in 2010 & therefore much stronger than the prev 0.3% estimate. In [FRANCE] the economy is f/c to shrink 2.2% in 2009 (-2.1% prev) but should bounce back 1.2% in 2010. In [ITALY] this year's GDP is f/c to post a decline of 4.7%, while the 2010 rebound is seen at a modest 0.7%. On the latter, Moody's is a bit more optimistic than most suggesting Italy will be able to adjust to the challenges posed by the crisis. GDP for [SPAIN], meanwhile, is seen remaining in the doldrums, contracting 3.7% this year & by 0.8% in 2010. The EC sees inflation posing few problems, staying below the ECB's target throughout 2009/10 but debt/deficits breaching the EU's 60% & 3%/GDP limits across the board.

sounds like a recovery with u.s. consumer buying less is bullshit to me.. like those improvement estimates

got 55 pips of the slide. might just leave today at that.

i wonder how low it will go.

market continues to take out every support, only S2 now holds this train up. Let's see how far it goes today

bonds...........

[BONDS] indulging in more stock-taking, and squeezing even higher with the recent rebound more rapid as it seems stops were triggered at some key levels. EMU debt futures were probably also encouraged by the solid Spanish and Austrian auctions, while books are building nicely for Greece's 15 yr syndication (Eur9 bn+, ie more than the additional 2009 funding requirement announced yest) to the extent that the price guideline has come in to mid-swaps +142 bp from +145 bp initially. Dec Bunds have run out of some steam, but recently rallied to 122.44, +53 ticks with Schatz and Bobls, while Dec Gilts reached a fresh 118.50 peak, +32 ticks before settling down for the DMO's 2014 launch, which appears somewhat mixed at first glance (cover decent, but tail quite long). Note, US Tsys also gleaning more support at the expense of equities.

london bridge is falling down

trap door open

Will take us to 1.43...