trading801's Koala Forex Articles and EUR/USD views

they are currencies that depend on the commodities like gold / oil etc because their countries exports them..

like Australia, Brazil new zealand

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thanks forexlive

ADP next up; Good data will be two-edged sword
Written by Jamie Coleman
November 4, 2009 at 12:59 GMT

The ADP employment report is up in about 20 minutes. ADP is a payroll processing company which handles something like 20% of the paychecks in America. They have a pretty unique insight into the present state of the labor market.

Economists expect ADP to report that about 190,000 jobs were lost in October. A considerably stronger report will initially be seen as a boon for the risk trade, as it would solidify the case for a global recovery. On deeper reflection, as the Fed meets today, the market likely will fear a faster-than-expected Fed rate hike down the road.

Bottom line: We should see a knee-jerk rally on improved ADP data, but the dollar could ultimately benefit from the perception that super low rates may end in the first half of 2010, rather than the second half as the market now expects.

201K is the number, what now?

slightly worst than expected

risk aversion may happen

Private-sector employment for October down 203,000 jobs, ADP data show

So it's good for USD, but the EUR is climbing, I will wait...

maybe it's not my day today ...

you short it, or missed it?

Usually yes ... I was flat for ADP with a profit of nothing, I've missed the long train and now I'm always thinking short but we are going north so I wait ... too

what happened?

Next on the news US ISM Non-Manufacturing PMI what happens if it comes out positive? My Koala friends

Nothing just too much work for few pips ... yesterday was the same ... I know little by little but it's hard to manage the frustration of missing 4 or 5 trains ... Think I will take the bus ...

dont take the wrong bus man

positive.. risk seeker may come out = more euro again

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Nov. 4 (Bloomberg) -- Stocks and commodities rose around the world and gold reached a record as the dollar and yen fell on speculation the Federal Reserve will repeat its stance that rates will stay on hold for an “extended period.”

My long is bouncing, it was a Pending long, at .4794, with its proper SL

Edited: I closed it with 3 pips profit, it was to high on this pivot, I will open one if the Resistance fall.

U.S. stocks start out with broad-based gains ahead of ISM services, FOMC

am waiting for the news

10 pips trailing right now... 14 pips gain...and climbing... if anything go wrong, I have my 10 pips for sure