EURUSD

I think we go up 1.3800 when Wholesale Inventories m/m come.

NO, it's just a usual take down prior to Market open. If Market can

keep up Green then Dollar continue to fall.

Spiegel: Goldman helped Greece hide true debt

That data is uber low impact, so i would expect that to be the reason, like I said before I see this going to 1.3800 myself, Moved my TP to 3800... Added A/U @ 8748 TP 8790 (smaller scale profit margin than E/U) SL 8730

Stock market jumped to 118 in green on open lot better than futures, i'm expecting 200+ day here, gold bouncing up and so is oil... good luck longs, this might be 100 pip US session if all goes well, and then we ride this sucker down to make new lows by the end of the week, If Bernanke doesn't f... it up for USD strength

yea man very true :-)

guy swatch out with those stock going up, my broker is firing off buy recos for nas100 DJ and SP500, sounds to me they want to suck in buyers just to sell once everyone is in. Of cos I could be wrong and its a start of a new bull.....

check my blog

So how much respect are we going to get here from Daily R2, Weekly PP, and Fib level?

DJ touched 10,000

3850/60 is on my chart as possible next.

US STOCKS: Dow and Nasdaq opened with gains, as expected, and both have
extended further in early trading. Dow is up 105, Nasdaq is ahead by 21.

Provided by: Market News International

You mean if Gold is up, EU will be down? Forgive me but I thought it was the other way around? Correct me if I am wrong.

The 3740 region was a decisive zone for bull or bear. We could allow a false break of the so called Median line in red on the H4 time frame, but anything more would be a temporary trend change upwards. Since persistance was observed at the median line on H4, we could assume for now we are in a bullish scenario. How long this bullishness will last, would be at least till 3850 and maybe 4000

The angle shift on the M5 time frame in blue is a powerfull indication that there is going to be a upsurge. Trendlines indicate at least till 3850, maybe more, we have to see.

Bottom line, avoid going short momentarily

stockfutures can't break resistants. looks like a fake upbreak in eur.

i wouldnt give up on dollar even if the markets stays in green.. i see usd bulls around.. wonder how it ends

The US dollar's recent rally suggests further gains are likely.
EURUSD remains heavy below key resistance at 1.4026; sell rallies while this level is intact. The USDJPY focus is on support at 88.56. The GBPUSD outlook is bearish below 1.6069. USDCHF still looks bullish, with support at 1.0497.
Among commodity currencies, AUDUSD remains heavy below 0.8928, and USDCAD is constructive above 1.0546.
On the crosses, EURCHF remains vulnerable with the focus on 1.4558. EURGBP is heavy below 0.8912, and EURJPY weakness is likely to persist while resistance at 126.98 remains intact.
In precious metals, GOLD resistance is at $1125.10; the technical conditions in SILVER suggest scope for further downside

I think we are going to have a nice double bottom before going up up up....!!! I will buy when it hits 3730-3...! if it falls a little...!

well guys,

we are in a battlefield 3758-3735

as long as we remain in this area (on 4h basis), nothing will happen

DJ ECB's Nowotny: ECB Hasn't Pre-Committed To Exit Steps -FT

FRANKFURT (Dow Jones)--The European Central Bank hasn't ruled out the possibility of keeping its relaxed requirements on collateral for its credit operations in place beyond the end of this year, governing council member Ewald Nowotny was quoted as saying Tuesday.
"What is...now in discussion is the question that the ECB for the time being, as part of our crisis prevention program, [has] lowered the quality requirements for collateral," Nowotny said in an interview published on the Financial Times Web site. "We have made the decision that this will be in place until the end of the year. Then of course, we'll have to decide. Our policy is very clear, never to pre-commit."
One of the factors behind the sharp selloff in Greek bonds and Greek banking stocks in recent days has been the fear that Greek government bonds may be downgraded by international ratings agencies to a level where the ECB won't accept them as collateral for its credit operations beyond the end of the year. Such a move would have a potentially dramatic effect on the funding costs of Greek banks, and on the ability of the Greek government to keep rolling over its debt.

Web site: http://www.ft.com

-By Geoffrey T. Smith, Dow Jones Newswires; +49 69 29725-520; [email protected]