EURUSD

Just what I suspected.

I was short from .4999 w/ tp at .4952 and I get home from the gym and see this spike down right to my nut. Wha' happen? Fitch remarks - euro following sterling down? Or does Big Dog love me after all?

Sup Gator? Long time no speak. You still have those excellent news feeds?

gold , aud , gbp r easily bearish right now but eur make hard resistance why?

EURUSD: Swiss buyer around 1.4970

There has been a large swiss name seen buying EUR around the 1.4970 area on this pullback. But bounces off this level seem to be limited.

taken from forexlives site.

It was the pound crashing through all the stops on the back of an anouncement by the Fitch rating agency that the UK economy might lose its AAA rating... the GBP pound being as heavy as it is shook the whole forex market for a bit.

http://www.forexlive.com/63724/all/g...ch-rating-news

I thought that something had happened to the Dollar and all the USD pairs were about to take a nosedive...

sure but it falls on deaf ears.. cat laid off... but here is the yen version 1 min old.

[JAPAN DATA PREVIEW] Core machinery orders as a leading indicator of capital spending slumped to a record low in July before nudging up by a mere 0.5% over Aug. Into Sept, an improvement in exports and moreso machinery tool orders from China has pointed to orders recovering further over the mth, with Polls on a sturdy 4.1% gain. That said, even with a Sept gain, machinery orders in Yen terms would still be at record-low levels and result in orders still being ard 3% lower over the Sept qtr in the sixth straight quarter of declines but an improvement from the initial forecast calling for a 8.6% decrease. All up private-sector capital invts will remain low, with a slow and fragile recovery to continue well into next year. Data due Nov 10 23.50GMT.

[GBP/USD] plunged to a fresh intraday low around the 1.6600 handle after stops were triggered below the 1.6660 level by a UK Clearer and a European name as the Fitch news that the UK is at most risk of losing its AAA status continue to rattle the pair. However, Fitch reiteration of the a stable outlook fot the UK and expects fiscal consolidation has seen the pair bouncing back to current level of 1.6650/55. That said, a breach of support at the 1.6594 and 1.6555 level will likely send the pair hurtling towards the 1.6467 level where it is likely to stabilise before the next move which is likely to be on the downside given that the M&A support is now off the table after Cadbury rejected Kraft's bid.

[FITCH ON JAPAN] is wary, with the rating agency commenting that Japan is unlikely to experience a rapid econ recovery, as the stronger Yen, falling prices and unemployment all turn to weigh on growth. Fitch adds that Japan's recovery process in 2010 is expected to be modest and fragile with domestic conditions pointing to a possibly extended period of deflation. However the agency praised the Govts stimulus measures for having prevented an even sharper downturn. Reaction out in the mkt, the broad Yen strengthens even further; but this due to its safe haven funding ccy status.

http://www.nytimes.com/2009/11/10/wo...q.html?_r=1&hp

Where is everyone? Shock and Awe!

night before US holiday remember

there is word that some big European players are going to short the euro...stay tuned...

how you got that information? pure vague comment

Pending sell order placed at 1.5100

how did you get this info? that is cool to know. but how?

While the early morning releases from the RICS housing survey and the BRC retail survey were much better than expected, news that [FITCH] sees the [UK] most at risk of losing its [AAA STATUS] will surely concern markets. The agency suggests the UK fares worst among the major economies with Germany the least likely to see a downgrade to its rating. Not surprisingly, the UK's rapidly deteriorating fiscal position is highlighted by Fitch, with recent IMF estimates projecting a deficit of 11.6% of GDP this year. While the deficit is higher in the US and forecast to reach 12.5% of national output, Fitch is more worried about the UK's position and its ability to sustain large public fiscal deficits and a level of public debt without driving up interest rates and putting Sterling under pressure. Recall however that [MOODY's] said the UK's ratings would not be under pressure until 2010 at least.

Steady as shes goes with [EUR/USD] making a marginal gain above 1.50 before some sovereign seller capped the rally. Still pullbacks to date are of no threat to the underlying bullish trend, that has a break of 1.5065 set to add some momentum to the uptrend. Today the ZEW on tap at 10GMT, and a likely modest curbing in expectations after a couple of stilted reads over the past couple of months. In respect of the ZEW a strong Euro sure to be one of the brakes on sentiment, but solid PMI's and a boarder run of global positives to underpin the survey. For Eur/Usd strong support now seen into 1.4880-1.4910 and a mood to buy dips prevalent amongst specs who had lightened risk last week.

That, is very interesting.....thanks

good morning everyone.
Here again saxo banks recomendation.
Trade on your own risk, so will I.
The Cat

EU just as what I thinking
if break blue line price will visit 1.4890-4860
I still learning