waiting for ECB in 20 minutes
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
Economic recovery talk has been 'checked' by the latest comments from new [GERMAN FIN MIN SCHAUBLE], saying the economic crisis is now yet over. He sees 2009 German GDP in to around -5%, with a deficit 3% of GDP this year, rising to 5% in 2010. He also sees unemployment continuing higher in 2010.
[EUROPEAN FX CLOSE] Year end markets took on a decisively dull tone with little interest and no direction to trade. BoE a non starter in terms of the Pound, that late on suffered at the hands of talk...Ignored
DislikedI get the feeling we may have some surprises towards the end of the dayIgnored
DislikedSorry about your pain. It is a good time to look at what worked and what did not. You can at the very least come away with an education.
Some feedback. First I have traded all markets for more than 20 years so not new to trading issues.
The only thing that will move a price is buying or selling in the EU. Not news, another pair or political environment. If I had a trillion dollar position in EU and I believe the long term, long trade is over and begin to sell it at the rate of 300 billion a day. No matter what the news, the price is going down...Ignored
Dislikedone thing people do not realize ecb is printing money faster than fed balance sheet is larger as a proportion of gdp.Ignored
Dislikeddono.... things not looking so good in ez. germany is the strongest, right? what would a stronger euro do? could be a bail of hay on cammels back. then again cammels are strong.. untill there not..Ignored
Dislikedbig1red9 fine post;]
but, what if there're no buyers ? what you do ? for example nobody wants to buy eur now and you want to sell it... and you've got 900 bilions .... what now.. ? and data is bad... and everyone thinks it's going downIgnored