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EURUSD

  • #172,821
  • Dec 16, 2009 1:57pm Dec 16, 2009 1:57pm
Quoting Driver55
the next 15 min. are crucial
3:00 fade might float it
"If The Fool persists in his Folly he will become wise." - William Blake
  • #172,822
  • Dec 16, 2009 1:58pm Dec 16, 2009 1:58pm
Quoting FX-Petra
Apparently, some big German name dumped a big amount of E/U right as the statement was being made. Probably taking some profit. When things settle down, I expect will will move back north. I read the entire statement, and, on balance, it was dollar negative.
If it was DB they recommended selling Euro today to target 1.435
  • #172,823
  • Dec 16, 2009 1:59pm Dec 16, 2009 1:59pm
Quoting gatorinla
this is the best piece i have ever saw you post. this is huge. without this usd will have to move through normal channels. this means usd demand. it will no longer be manipulated though central banks. it will be in the open market. this is bigger then any interest rate raise or cut. few get it.
Spot on sir...spot on
Let Price determine your future!
  • #172,824
  • Dec 16, 2009 1:59pm Dec 16, 2009 1:59pm
Quoting tonyo524
Normally you get a push one direction, and then a push the opposite diection for the rest of the session. Would be f'd up If tomorrows unemployment numbers broke the trend.
#


the trend is broken already..the only hope for longs is dollar retrace
  • #172,825
  • Dec 16, 2009 2:01pm Dec 16, 2009 2:01pm
Quoting lloydblankfe
How, do you know what central bank liquidity swaps are. I would say it was neutral.

Central banks borrowed dollar temporarily from fed this was to preven excess moves in bond and fx markets. Fed lent out 40 billion a day on average. This is done at fixed rate, no bid or offer rate. Plus soon they are ending long term security buying by end of february. However there was extended period inside the statement, which left it negative overal..
I think the Feb 1 date to end liquidity swaps was already known. This was just a restatment.
  • #172,826
  • Dec 16, 2009 2:03pm Dec 16, 2009 2:03pm
Even if stocks could stay in slight positive territory and dollar slightly higher that is progress. Oil is weighing on the dollar today.
According to GS dollar follows oil inversely as US is net importer of oil and therefore higher oil price widens trade deficit therefore making dollar go lower.
  • #172,827
  • Dec 16, 2009 2:03pm Dec 16, 2009 2:03pm
Quoting SkyzerFX
Time mismatch, not today then, I,m still Long. I Guess I'm forever long, don't see any reason not to.
1- I agree we will go up for while maybe next week
2- Don't let your ego lead you ,Market can be change and do whatever he like up or down
  • #172,828
  • Dec 16, 2009 2:04pm Dec 16, 2009 2:04pm
Quoting FX-Petra
I think the Feb 1 date to end liquidity swaps was already known. This was just a restatment.
Fair enough I have not read the previous statement so I cannot say. On CNBC they said if rates creep higher themself Bernanke will have no option but to start slowly raising rates.
  • #172,829
  • Dec 16, 2009 2:06pm Dec 16, 2009 2:06pm
Quoting Geppyg
Spot on sir...spot on
hey didnt say hello yesterday and i can understand why you dont post much. i agreed on your post. it was solid.. my outlook is further down if 200 ema 200 sma is overtaken..
those who can, do. those who cant, talk about those who can
  • #172,830
  • Dec 16, 2009 2:08pm Dec 16, 2009 2:08pm
4hr candle shows powerful bears protecting any moves above 1.46. This is bearish trend signal. Eu has been down and down without significance retracement, definitely big bulls thinking of a strategy, possibly to change their position to short. Still hoping to see 1.48 to build short position.
  • #172,831
  • Dec 16, 2009 2:09pm Dec 16, 2009 2:09pm
Well, for my money, a direction will show itself sooner or later, and that's when I'll consider an entry. For the moment, it's a coin toss, and I'm not here to take 50/50 bets!

5c
Doing what you like is Freedom. Liking what you do is Happiness.
  • #172,832
  • Dec 16, 2009 2:10pm Dec 16, 2009 2:10pm
At key level right now. Any daily close below this would take us down to mid 1.43 levles. Weekley would be nice. Seems like we are having some distribution here. Could be settig up for a spike
  • #172,833
  • Dec 16, 2009 2:13pm Dec 16, 2009 2:13pm
Quoting The Fool
3:00 fade might float it

Went long at .4508, set BE+2, expect full retrace to .4550 or more.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #172,834
  • Dec 16, 2009 2:14pm Dec 16, 2009 2:14pm
RSI(14) On Dollar Index approaching overbought territory

close to 70 now
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #172,835
  • Dec 16, 2009 2:16pm Dec 16, 2009 2:16pm
Quoting gatorinla
hey didnt say hello yesterday and i can understand why you dont post much. i agreed on your post. it was solid.. my outlook is further down if 200 ema 200 sma is overtaken..
Hi,

The forum here does not have many traders like you ..where simple technical fundamental logic is applied...when you try and help the newbies...some magical traders come and think they know it all....lol

Good luck...
Let Price determine your future!
  • #172,836
  • Dec 16, 2009 2:18pm Dec 16, 2009 2:18pm
EURUSD will go up....

It has a long climb to its last resistance point....going to be a nice ride...
In Charts We Trust!
  • #172,837
  • Dec 16, 2009 2:20pm Dec 16, 2009 2:20pm
Quoting X.Oden
EURUSD will go up....

u said that yesterday and it did!
  • #172,838
  • Dec 16, 2009 2:20pm Dec 16, 2009 2:20pm
X.Oden please present your reasoning
  • #172,839
  • Dec 16, 2009 2:20pm Dec 16, 2009 2:20pm
Quoting X.Oden
EURUSD will go up....

  • #172,840
  • Dec 16, 2009 2:25pm Dec 16, 2009 2:25pm
Bulls

http://www.bloomberg.com/apps/news?p...id=a6DZTA7E6VR
http://www.bloomberg.com/apps/news?p...d=au8PbWrd7dOs

i think a push above 1.48 is still possible. I will put my SL @ 1.43. Open longs @ 1.452. Hope everyone on the green pips.
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