EURUSD

This is going to be fun!

Not bad, but not great.
Over 1.5 would be fab.
ciao.

Stop loss at BE

It can go either ways from here, I will wake up tomorrow either with 0 or +22

Well you are going to get 1.49900 in 20 mins from now. Its up !

The only problem is volumes have dried till japan opens.

I am waiting for 1.49940 to close my longs.

it was dull day, no orders on market. in spite of all I got +25 pips tomorrow will be important day imo.

still got the real mover to consider. and it aint interest rates.. its demand. the more something cost , the less the demand. we or the banks dont control what popular belief thinks. euro has little to do with this. the dollar pegged to commodities is your supply and demand. oil has gone up some. its in anything made and shipped. it even controls the machines digging crap out the ground. it more expencive then labor. oil controls inflation in this modern world. gold does what it does. as oil goes up so does inflation..

i wonder who will be the first affected by this... welll gues what it wasnt the u.s. it was china. they peg money to usd. so as usd went down so did the waun. which is great for exports. except they bought commodites with a stockpile of dollars. they kept spending with less dollars comming in pushing commodities higher. and reduced their stockpile. at some point stockpile will be gone and they will have to live within their means. dollar in dollar out. u.s unemployment sill going up so less dollars for china. not buying imf gold as they were supposed to do. (are they dollar short?) this gold was talked about months ago just before china added more stimulis. is stockpile already gone? stay tuned.

its kinda ironic that china says its manufacturing increased 16%. i dont know about you but most countries could not do this in a year. is someone lying?

oh and china gov. raised fuel prices on its people. sounds like somebody spent a little too much for their prom dress.

anyway none of this is good for ez. since s.korea has taken market share. and u.s. is now competing with lower prices as europe's prices increase worldwide.. demand is also created for euro when ez sells something. but at higher prices.. revert back to... the law

interest rates will affect u.s. for a short while but after that it is supply and demand. suppy and demand control central banks interest rates. if china's stockpile runs out the commodity currencys like austraila rates will follow.

until upward moves will be sluggish. and doward moves will be steep. until jobs change things or freefall round 2. oh carry trades only work when cheaper currency losses value. inflation may change things.

it takes time to make a good sauce

Tomorrow we will have Unemployment Claims data, so 1,5082 is possible for me. Also some news from stock exchange companies will provide Eur/Usd. In my opinion there is still opportunity to catch 1,5230 - 1,5280 - we will see soon - I'll stay with long position.

Yeah... Shoot it.

Kill it.

3 pips and out.

The last time (oct 7) the AUD unemployment came in (alot) better than expected it sent the E/U up 80+ pips in 4 hrs. A similar price pattern is evolving prior to tonights 7:30 unemp. report.

totally agree ... spot on

[NZ] Manufacturing activity expanded at slower pace over Oct, with Business NZ's Performance of Manufacturing Index (PMI) falling by 1.0pt to 50.6. It marked the 2nd straight expansion since April 2008 but suggested NZ's economic recovery from its recessionary lows wld still be choppy and gradual and potentially not without major disappointments. This mths fall was noticeably lead by a steep 4.9pt fall in the surveys employment index back under contractionary territory to +46.5. new orders also fell 2.3pts to +53.4. Combined with the earlier sluggish retail sales figures; RBNZ looks well justified in not removing its monetary stimulus at this stage. 23:29 GMT - [GBP/AUD] opened in Asia at the 1.7985 and the pair kept a biddish tone for most of the session as a number of strong USD rhetoric from World Bank Robert Zoellick and US Treasury Sec Tim Geithner affected the Aud/Usd more than the Gbp/Usd. The pair eventually reached the day's high of 1.8035 in late Asian & early European trade. However, the GBP took a pounding after BOE Gov King said during the news conference that a weak pound would help the UK economy, mainly in the effort to rebalance its ever-widening trade deficit and that the central bank is "completely open mind" on extension of the quantitative easing program. That sent the pair plunging to an o/n low of 1.7840 before easing further to open this morning at 1.7810 ahead of the Aust jobs data due at 00.30 GMT. Buying orders at 1.7700 and selling orders at 1.7980 will keep the range ahead of the data.


opened in Asia at the 1.7985 and the pair kept a biddish tone for most of the session as a number of strong USD rhetoric from World Bank Robert Zoellick and US Treasury Sec Tim Geithner affected the Aud/Usd more than the Gbp/Usd. The pair eventually reached the day's high of 1.8035 in late Asian & early European trade. However, the GBP took a pounding after BOE Gov King said during the news conference that a weak pound would help the UK economy, mainly in the effort to rebalance its ever-widening trade deficit and that the central bank is "completely open mind" on extension of the quantitative easing program. That sent the pair plunging to an o/n low of 1.7840 before easing further to open this morning at 1.7810 ahead of the Aust jobs data due at 00.30 GMT. Buying orders at 1.7700 and selling orders at 1.7980 will keep the range ahead of the data.

you mean

did you forget the last US session? and the bank were closed too ...

any position on this pair....???

Good day to you,

Albeit on low volume. Profit taking on gold very possible towards the end of the week.Wish you all success

Regards

Yup, 27 minutes till whack-a-mole.

They were WAY off last time.

I got 5 pips on the Aussie long and same on the E/U long. I wasn't sure what to ask for. I shoulda asked for more. Retrace from .5015 might pay....

Your welcome.

If you went against it... dumb azz.

m

Yep, dat was a good call - especially if you had the patience to watch it go sideways all afternoon then hike up 30 more on the Aussie news.

Dang that's what I shoulda done. 20/20 hindsight is in good shape...

OK so now lets do a 20-pip range right here above 1.5 until the FO.

my view on u/chf posted here since it mirrors eu:

http://www.cnbc.com/id/33858089

So if the yuan appreciates, the USD can get stronger without a concurrent stock market slide? What's not to love?