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  • #163,041
  • Nov 18, 2009 12:18pm Nov 18, 2009 12:18pm
Quoting nAVIN2007
usd is trying to breakout of yesterday range..when usdcad lift off this will sink quick..is usdlfx can breakout u looking at 400 - 500 pip drop quite easily

im targeting 1k pips drop from 1.50 on the assumption the usd does it thing

in what time frame do u think this 1k pips will be seen???
  • #163,042
  • Nov 18, 2009 12:23pm Nov 18, 2009 12:23pm
Quoting lloydblankfe
Mr obama if your listening you are wrong. You are wrong America is printing money to run a bankrupt economy, basically.
If USA is so bankrupt, why do so many continue to hold USD? Yes, USD is in a weak cycle right now that could continue for some time. I, for one, welcome the day that USD valuations actually make it attactive to start manufacturing things in the US agian. Hey, Mr. China, we don't want your crap anymore because we can make the same stuff for less! What if the E/U tops 2.000 in the next 12-18 months and it sparks manufacturing investment again? There is a point where the Yuan will have to turn lose of the dollar and stand on its own.
  • #163,043
  • Nov 18, 2009 12:29pm Nov 18, 2009 12:29pm
Quoting Pip_Thief
I’m glad to see the sentiment on this pair is down I concur

I was hoping for 1.482
not today my friend , 1.4935 is really strong resist and allready 5 times it bounced up after touchin it
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  • #163,044
  • Nov 18, 2009 12:29pm Nov 18, 2009 12:29pm
Quoting nAVIN2007
usd is trying to breakout of yesterday range..when usdcad lift off this will sink quick..is usdlfx can breakout u looking at 400 - 500 pip drop quite easily

im targeting 1k pips drop from 1.50 on the assumption the usd does it thing

hopefully with a bit luck 4-6 weeks to happen
were on the same page.. usd/cad could be forming a embro bottom.. still young and delicate..but its a commodity pair with oil and gold.
those who can, do. those who cant, talk about those who can
  • #163,045
  • Nov 18, 2009 12:31pm Nov 18, 2009 12:31pm
Dear Trend,

OMFG, OMFG, OMFG, bend already.

Sincerely,

Serpent.
  • #163,046
  • Nov 18, 2009 12:33pm Nov 18, 2009 12:33pm
aight went long - small position plus tight stop loss but i believe we could reach 1.5
Pation is the Holy Grail
  • #163,047
  • Nov 18, 2009 12:35pm Nov 18, 2009 12:35pm
Quoting SerpentDove
Dear Trend,

OMFG, OMFG, OMFG, bend already.

Sincerely,

Serpent.
Valid prayer, but direct it to Mr. Bernanke and Mr. Geithner.... and Mr. Obama too.

Regards
  • #163,048
  • Nov 18, 2009 12:36pm Nov 18, 2009 12:36pm
Quoting gatorinla
were on the same page.. usd/cad could be forming a embro bottom.. still young and delicate..but its a commodity pair with oil and gold.

good
notice on the monthly the pin so far it is holding on usdcad
if gold and stay down and tomorrow the low of the pin breaks we have every chance...I expect this week to be a pin on euro and next week to open below the ascending trendline and flex down, with a bit of luck
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  • #163,049
  • Nov 18, 2009 12:37pm Nov 18, 2009 12:37pm
strange market , back from below 1.5 round number. Anyway set tp for my longs to 1.4973 & going for dinner. H&S perhaps in the making in reversing trend,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #163,050
  • Nov 18, 2009 12:38pm Nov 18, 2009 12:38pm
Quoting FX-Petra
Valid prayer, but direct it to Mr. Bernanke and Mr. Geithner.... and Mr. Obama too.

Regards
Lol, he may get arrested doing so.

Best thing I've read all day Serpent, certainly brightens things up
  • #163,051
  • Nov 18, 2009 12:38pm Nov 18, 2009 12:38pm
Quoting FX-Petra
If USA is so bankrupt, why do so many continue to hold USD? Yes, USD is in a weak cycle right now that could continue for some time. I, for one, welcome the day that USD valuations actually make it attactive to start manufacturing things in the US agian. Hey, Mr. China, we don't want your crap anymore because we can make the same stuff for less! What if the E/U tops 2.000 in the next 12-18 months and it sparks manufacturing investment again? There is a point where the Yuan will have to turn lose of the dollar and stand on its own.
Hear here. It is not wholly ironic to me that the end result of "globalization" may be that national economies become more and more locally responsive. Currently, you can stand on the docks at the Port of Long Beach and watch the freighters bound for China and points east loaded down with the waste cardboard that the flat screen TV's they sold us came in. That's a metaphor for what this country has devolved to, but that can and eventually must change. The USA (Japan, Europe, and now China, omg) can not continue to suck on the natural resources of the un- & underdeveloped world. If they are forced to get off the teat because its just too expensive then that's just as well.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #163,052
  • Nov 18, 2009 12:39pm Nov 18, 2009 12:39pm
Thanks from Brassil

And lets go fly whit gartley

EU and EJ
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My English its not very well, be patient
  • #163,053
  • Edited 12:49pm Nov 18, 2009 12:42pm | Edited 12:49pm
Quoting FX-Petra
Valid prayer, but direct it to Mr. Bernanke and Mr. Geithner.... and Mr. Obama too.

Regards
I can't remember anymore, are they The Three Stooges, or the photo's you find when you look up crony capitalists in the encyclopedia.

I guess the only thing good about them is that they can be replaced, while the dollar....not quite yet.
  • #163,054
  • Nov 18, 2009 12:53pm Nov 18, 2009 12:53pm
Quoting nAVIN2007
good
notice on the monthly the pin so far it is holding on usdcad
if gold and stay down and tomorrow the low of the pin breaks we have every chance...I expect this week to be a pin on euro and next week to open below the ascending trendline and flex down, with a bit of luck
well since we broke march trendline (pinkline) i look for other signs of reversal .. still much to early, but worth watching.. cad is doing the same.. both today have respected the latest lines..but it is still early..but worth watching.. baltic dry shipping scares me because its rising.
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those who can, do. those who cant, talk about those who can
  • #163,055
  • Nov 18, 2009 12:55pm Nov 18, 2009 12:55pm
"TThe USD is trading lower pressured by the return of risk appetite as equity markets rally and gold rises to a new record high, Fed Chairman Bernanke’s reaffirmation that interest rates will remain low fuels equity markets gains and weaker USD, AUD supported by report of a surge in Australia's leading indicator and a rally in the price of gold to a new record high, GBP pressured by the release of BOE policy minutes, the BOE policy board split three ways on quantitative ease with some members warning about the risks of further expansion of asset purchases and other members calling for even greater expansion of quantitative ease, the MPC minutes also state that the BOE discussed a possible cut in the remuneration paid on UK bank deposits, EUR rallies in cross to the GBP and GBP trades lower in reaction to the MPC split, CAD rallies supported by the rise in commodities and report of higher Canadian CPI" - http://www.fxstreet.com/fundamental/...009-11-18.html
  • #163,056
  • Nov 18, 2009 12:59pm Nov 18, 2009 12:59pm
"FXstreet.com (Córdoba) – The Euro rose to a fresh high at 1.4987 and approaches to 1.5000. EUR/USD continues to rally after rebounding yesterday at 1.4810. Currently the pair trades at 1.4975/80, 0.705 above today’s opening price.
To the upside, immediate resistance lies at 1.5000 (Nov 17 high) and above at 1.5020 (Nov 16 high). The pair needs to break above 1.5000 in the next hours otherwise Dollar could gain momentum.

The FastBrokers Research Team affirms: “The EUR/USD still faces multiple downtrend lines along with the highly psychological 1.50 level and previous November highs. However, and a breach beyond our 3rd tire downtrend line could result in a retest of November and October highs with the possibility of more accelerated immediate-term gains. Unfortunately for bulls, the EUR/USD was negated by our 3rd tier downtrend line and 1.50 on Monday, telling us the 1.50 zone continues to have a psychological impact on the currency pair.”" - http://www.fxstreet.com/news/forex-n...e-fcfc275f6e13
  • #163,057
  • Nov 18, 2009 1:01pm Nov 18, 2009 1:01pm
"FXstreet.com (Barcelona) - U.S. markets are trading lower at opening times as optimism has been slammed by gloomy housing figures. Furthermore, Fed Bullard's dovish comments have weakened the Dollar, which has declined to session lows against Euro.

Dow Jones Industrials Index sheds 0.55%, while the Nasdaq Index dips 0.8%, and the S&P Index declines 0.5% in the first hour after the opening bell.

On the macroeconomic front, U.S. housing starts declined 10.6% in October, to an annual rate of 529,000 units, against market expectations of a 1.7% increase, while building permits, a gauge to assess the trend of construction activity for the coming months, have declined 4.0% in October, to an annual rate of 552,000 units.

Furthermore, St Louis Fed's James Bullard affirmed that the Fed could keep interest rates on hold until 2012, and the dollar suffered a sudden bearish reaction against its main rivals." - http://www.fxstreet.com/news/forex-n...0-6ca0c1950ee9
  • #163,058
  • Nov 18, 2009 1:03pm Nov 18, 2009 1:03pm
"The dollar has tended to weaken as assets correlated to higher levels of risk, including commodities and equities, have rallied.

The chronically weak dollar had rebounded Tuesday, boosted after European Central Bank President Jean-Claude Trichet backed U.S. Federal Reserve Chairman Ben Bernanke's call for a stronger U.S. dollar.

The bounce was unable to maintain momentum, however.

"Despite the call for a stronger dollar from the heads of the two most powerful central banks in the world, the greenback was unable to extend its gains as traders consider the unit to be the weakest link in the G20 universe and continue to believe that U.S. rates will remain stationary for the better part of 2010," said Boris Schlossberg, head of currency research at GFT." - http://www.fxstreet.com/news/forex-n...1-4155c11c8b63
  • #163,059
  • Nov 18, 2009 1:06pm Nov 18, 2009 1:06pm
Quoting gatorinla
well since we broke march trendline (pinkline) i look for other signs of reversal .. still much to early, but worth watching.. cad is doing the same.. both today have respected the latest lines..but it is still early..but worth watching.. baltic dry shipping scares me because its rising.

  • #163,060
  • Nov 18, 2009 1:30pm Nov 18, 2009 1:30pm
4950 is equidistant from both barriers of that large DNT...wouldn't be surprised to see it cross this line a lot by friday
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