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  • #172,741
  • Dec 16, 2009 11:49am Dec 16, 2009 11:49am
Quoting coolshades
yes, well this is how rumours spread ;-)
Nothing on the Bloomberg and Reuters feeds.
  • #172,742
  • Dec 16, 2009 11:51am Dec 16, 2009 11:51am
Quoting IMARICH1
Gator,

Welcome back from your nap.....what's your take on this PA after failing a few times to break 4590 area?

I am thinking we may get a test back to 4534 or 4512 before the FOMC meeting?....We need to break this 4547 area....
im ok below 465x ish.. is news already priced in or not is the question.. if dollar negative and we cant get above todays high viagra wont do it.. and we make new lows.. it should take a lot more then this to turn a ship more then a daily average of pips.. im just waiting.. and i dont know..i have faith to a point of what the numbers are telling me.. and they are still bearish..
those who can, do. those who cant, talk about those who can
  • #172,743
  • Dec 16, 2009 11:54am Dec 16, 2009 11:54am
Quoting cloggie
Exactly my point, that's why I asked Gator where he got the second lowering from, neither Fitch nor S&P, nor Moody are showing anything.
Try here

http://www.marketwatch.com/story/sp-...ore-2009-12-16
It'll feel better when it stops hurting.
  • #172,744
  • Dec 16, 2009 11:55am Dec 16, 2009 11:55am
...and Forexlive:

http://www.forexlive.com/
  • #172,745
  • Dec 16, 2009 11:56am Dec 16, 2009 11:56am
FOMC statement is the key. If they delete 'extended period' words in reference to low interest rate, then dollar bulls can again take a charge.
  • #172,746
  • Dec 16, 2009 11:57am Dec 16, 2009 11:57am
Forex: Dollar weakness will fade as global economy grows in 2010/Q1 - Forex.com

Wed, Dec 16 2009, 14:39 GMT
http://www.fxstreet.com



FXstreet.com (Barcelona) - Global economy will start to provide clear signs of recovery on early 2010, with U.S. data more upbeat than indicators from the Eurozone and Japan, which according to Brian Dolan, Chief Currency Strategist for FOREX.com, could induce further unwinding in short-USD positioning.

The EUR/USD will remain moving in a range from 1.4300 to 1.5000 during the first three months of next year, according to Dolan, with the risk on the downside; below 1.4300 the Euro could target 1.3800.

Gold prices are likely to flow between 1,050 and 1,150 during the first quarter of 2010, with risk of a rally to 1,250 if above 1,150/70, says Dolan.
  • #172,747
  • Dec 16, 2009 11:57am Dec 16, 2009 11:57am
Just a thought... http://stockcharts.com/school/doku.p...:falling_wedge
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1hour.JPG Size: 40 KB
check out my blog: forexmademillionaire dot com
  • #172,748
  • Dec 16, 2009 11:58am Dec 16, 2009 11:58am
Quoting kingfisher
http://www.fxstreet.com/technical/ma...009-12-16.html



What to expect


Overall, market is quiet, waiting for FOMC statement.

Market players had increasing hopes of a hawkish U.S. Federal Open Market Committee statement, after last weeks’ economic data from the U.S. has come in stronger than forecast, helping the dollar.

Although the Federal Reserve could acknowledge the improved growth prospects, the central bank isn't expected to tighten rates.

Either if...
Whatever it tells or do ,I will close all shorts before the event perhaps near 1.4513 /23 or any ,wait for the spike up towards 1.4597 or nearer IF again & do short , no any long.
that is my plan.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #172,749
  • Dec 16, 2009 11:58am Dec 16, 2009 11:58am
i think those refer to the ratings cut early Dec. there is nothing on S&P's site which would be more reliable i would reckon?

Quoting Cfi
Try here

http://www.marketwatch.com/story/sp-...ore-2009-12-16
  • #172,750
  • Dec 16, 2009 11:58am Dec 16, 2009 11:58am
Quoting lloydblankfe
Again wrong I watch cnbc whenever i can goldman do not disclose how much they made or lost from currency

It under FICC- fixed income, currency anc commodity trading. They do not disclose each specifically, they tried to get David Vinair to tell them how much they made on commodities he didn't say.

By the way Goldman said 1.55 is possible, they never said it will definetely happen like some suggest here.
Goldman Sachs' $100+ Million Profitable Trades

Posted November 4th, 2009 by theStockMasters.comin

  1. Financial News

Greed is Good for Goldman Sachs (NYSE:GS). The company's Q3 trading record: In 64 [COLOR=blue !important][COLOR=blue !important]trading [COLOR=blue !important]days[/color][/color][/color], it lost money on just one, and made more than $100 million per day on 36 days - down from 46 in Q2.
On the quarter, Goldman's equities commmissions fell to $930 million from $1.2 billion a year ago, but trading profits soared to $1.8 billion from $354 million. Goldman lost $3.6 billion on [COLOR=blue !important][COLOR=blue !important]forex [COLOR=blue !important]trading[/color][/color][/color], up from a $1.4 billion loss in Q2.

Goldman is unstoppable. In 2009 Goldman shares are up 81% and are at $172 and change.
http://www.sec.gov/Archives/edgar/da...79196e10vq.htm



that's what read..

"Simplicity is the ultimate sophistication" leonardo da vinci
  • #172,751
  • Dec 16, 2009 11:59am Dec 16, 2009 11:59am
Quoting Cfi
Try here

http://www.marketwatch.com/story/sp-...ore-2009-12-16

Old news. that is still the same downgrade just other rating agencies getting in line. There is no second downgrade other then the one last week.
  • #172,752
  • Dec 16, 2009 12:03pm Dec 16, 2009 12:03pm
[BOC GOV CARNEY] says that the global economic outlook has improved but 'significant fragilities" remain. The Canadian recovery will be more protracted and more reliant on domestic demand than usual. Still, the Canadian economy will likely grow faster than other G7 countries in 2010. Separately, the risks arising form household debt are relatively low, but one cannot afford to be complacent. The overall credit profile of Canadian households could shift if debt continues to grow at current rates. Lenders must actively monitor household risk and not take false comfort from mortgage insurance. Home buyers must ensure they can still handle debt when rates eventually rise. The time to address the risk of rising household debt is when risks are sill manageable. The BOC is working with the govt to monitor evolving risk and take appropriate actions if needed. 17:48 GMT - [LOOKING TO BOC'S CARNEY] BOC Gov Carney will speak shortly in Toronto and hold a press conference at 19.00GMT/2.00pm. The topic is on "Current Issues in Household Finances". Last week the Bank said in its quarterly Financial System Review that growing household debt was a concern. The Bank said vulnerability of households to a deterioration in economic conditions has increased in recent years as the household debt-to-income ratio has risen to historically high levels. There is a risk that a deterioration in the quality of consumer loans could be transmitted to the broader financial system. Even if Carney does not discuss monetary policy, he will likely do so in his press conference. The latter will overlap the FOMC rate announcement at 19.15GMT/2.15pm.
those who can, do. those who cant, talk about those who can
  • #172,753
  • Dec 16, 2009 12:14pm Dec 16, 2009 12:14pm
Quoting cloggie
Old news. that is still the same downgrade just other rating agencies getting in line. There is no second downgrade other then the one last week.
I thought the downgrade on December 7 was S&P placing the A- debt on negative credit watch.

Today S&P also lowered the debt one notch lower to BBB+ and kept them on negative credit watch.

Sorry if old news.
It'll feel better when it stops hurting.
  • #172,754
  • Dec 16, 2009 12:15pm Dec 16, 2009 12:15pm
More from Forexlive on the Greece downgrade:

http://www.forexlive.com/71825/all/t...to-greek-moves
  • #172,755
  • Dec 16, 2009 12:15pm Dec 16, 2009 12:15pm
Quoting IMARICH1
Gator,

Welcome back from your nap.....what's your take on this PA after failing a few times to break 4590 area?

I am thinking we may get a test back to 4534 or 4512 before the FOMC meeting?....We need to break this 4547 area....
if i was day trading/scalping and long. and news wasnt pending my sl would be just under 4527.... maybe 4519
those who can, do. those who cant, talk about those who can
  • #172,756
  • Dec 16, 2009 12:15pm Dec 16, 2009 12:15pm
Quoting Cfi
I thought the downgrade on December 7 was S&P placing the A- debt on negative credit watch.

Today S&P also lowered the debt one notch lower to BBB+ and kept them on negative credit watch.

Sorry if old news.
your correct.
those who can, do. those who cant, talk about those who can
  • #172,757
  • Dec 16, 2009 12:16pm Dec 16, 2009 12:16pm
I closed out my short on the retest of the 4534 area for +10 pips.....I was in this trade on the first test of it and held it up to 4590....didn;t like the negative or red pips in my account....so failure to go thru 4534 made me close as I didn't want to hold onto it again for another ride up.....

I was correct on it re-testing 4534 and was hoping a retest of 4502/10.....it may or may not......

Fontu....you were seeing what I was seeing on the 1hr or 30min chart too!
Good call!

Thanks Gator!
  • #172,758
  • Dec 16, 2009 12:17pm Dec 16, 2009 12:17pm
Can some one post a 4 hour chart or what ever showing there S & R levels.. let us junour traders see where this puppy can run too..

Thanks
  • #172,759
  • Dec 16, 2009 12:22pm Dec 16, 2009 12:22pm
Do you any of you guys know where i could see or listen the FOMC live ? Thanks in advance !
  • #172,760
  • Dec 16, 2009 12:22pm Dec 16, 2009 12:22pm
Now same place TP hit i keep taking sell 1.48 Life
http://www.forexfactory.com/showthre...16#post2845616
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Gecco8