EURUSD

Bravo. Excellent.

..............long@ 3495.........

yes I know AGAINST THE TREND !!!!

This is from first FF calendar page.
Forgot to list the annoucment?

"FF Alert http://www.forexfactory.com/images/m..._view_star.gif

Source released a statement raising the primary credit rate (generally referred to as the discount rate) from 0.50% percent to 0.75% percent. For historical accuracy, this event was added to the calendar after its release time;

greece insolvent. What would happen if Germany had sunk? wonder.

wow stop was missed by .4 pips....what a crazy day, i dont think i can watch this anymore

Well if Bernanke continues raising rates, i hope. Americans might actually save, trade deficit may narrow, i just pray to god Bernanke knows what he is doing.

Check the trend for the last 10 years.. USD at 80 now

from 120+ what uptrend you are talking about?

There is plenty of room for usd/chf to go up so not a good idea to buy eur/usd yet.

I heard this same conversation last night the same austin ....

somehow i get the impression that "learning-by-doing"-newbies are not welcome here. why the fuss? the complainers all have many vouchers, so i imply some knowledge, meaning success.

for me, the decision is clear. mute.

Exactly like the usd is strong and stable..I always said that the usd will burst while the euro becomes the rock of currency's or the yuan.
Dean

the question is very simple:

humility

recognize that in a wrong position (bought when collapsing) is absolutely childish ... but it is just my opinion ...

Fed Ups Discount Rate, Stressing No Change To Monetary Policy
By LUCA DI LEO AND JON HILSENRATH


WASHINGTON -- The U.S. Federal Reserve Thursday raised the rate it charges banks for emergency loans by a quarter percentage point, but emphasized that the step didn't represent a broader tightening of credit.
In a widely expected move, the U.S. central bank said the increase in the discount rate to 75 basis points from half a point was part of the Fed's steps away from its emergency-lending efforts. The increase will be effective from Friday.
"Like the closure of a number of extraordinary credit programs earlier this month, these changes are intended as a further normalization of the Federal Reserve's lending facilities," the Fed said in a statement.
Fed officials had been signaling for some time that they intended to begin raising the discount rate as financial markets heal. They lowered this rate aggressively early in the financial crisis to give commercial banks added incentive to come to the Fed for emergency loans and continued to push it down as the crisis worsened. With the need for emergency funds waning, the Fed increased the rate from 0.5%.
In normal times, the discount rate is a percentage point above the more broadly important Fed funds rate, which is a rate that banks charge each other for overnight loans. The Fed targets a fed funds rate of between zero and 0.25%. The increase in the discount rate is a first step toward returning the gap between these two rates to the normal percentage point gap.
"The Fed will assess over time whether further increases in the spread are appropriate in view of experience with the half percentage point spread," the central bank said.
Fed officials have gone out of their way to avoid giving the impression that this step represented a broader tightening of credit. In the statement, the Fed said the move didn't "signal any change in the outlook for the economy or monetary policy" and that it is "not expected to lead to tighter financial conditions for households or businesses." Instead, it is being described by the Fed as a step away from emergency lending efforts.
In the depths of the financial crisis in late 2008, Fed discount window loans exceeded $100 billion, but they have since declined to less than $15 billion, and other emergency lending programs have also declined in use.
The Fed's discount window--also known as a primary credit window-- was a quandary for officials in the early stages of the crisis. Many banks were reluctant to come to the Fed for overnight funds. There was a stigma attached to borrowing from the central bank which commercial bankers felt could worry their other lenders and customers.
To reduce the stigma and give banks in need an added incentive to borrow from it, the Fed in August 2007 reduced the gap between the discount rate and the fed funds rate. In another effort to get funds directly to banks, the Fed began providing credit through an auction program known as the Term Auction Facility. On Thursday, the Fed also raised minimum bids on these loans to 0.5% from 0.25%. These auctions, which grew to more than $400 billion at the height of the crisis, are being phased out in March.
A broader tightening of credit will occur when the Fed tries to move up the fed funds rate, something it has said won't happen for an "extended period," meaning at least several months.

One of the keys to trading your plan is to walk away

Ok, lets be nice here, thanks.

well you all probably have noticed but UJ almost reached daily resistance, maybe we will some some action when tokyo opens ...!! any thoughts...?

waoooo maybe she´s nervous?? .... ops.. HE..

Treasury Prices Fall Further After Fed Move
By Min Zeng
Of DOW JONES NEWSWIRES


NEW YORK -- Treasury prices fell late afternoon Thursday, led by shorter-dated maturities, after the Federal Reserve raised the rate it charged banks for emergency loans by a quarter percentage point.
While the Fed stressed that the step didn't represent a broader tightening of credit, the announcement, coming on the back of generally robust economic data in recent days, raised market speculation that more steps could be afoot as the economic recovery picks up speed.
The two-year note's yield, among the most sensitive to changes in official rate outlook, was up seven basis points on the day, rising back over 0.90%.
The Treasury market had already been seeing strong selling pressure prior to the Fed's announcement as better economic data raised investors' hopes that the economic recovery is strengthening. With investors favoring riskier assets, the bond market is on course for a weekly loss. Market participants were also beginning to prepare for the government's $126 billion offering of Treasury and Treasury inflation-protected securities in the coming week, selling Treasurys to make room for supply. The government announced details about the auctions Thursday.
In late trade, the two-year note was off by 5/32 to yield 0.932%, the 10-year was down by 15/32 to yield 3.801%, and the 30-year was down by 9/32 to yield 4.733%. A week ago, the two-year note was at 0.864%, and the 10-year at 3.723%.
"It's been a pretty ugly week," said Ward McCarthy, managing director of the fixed-income division at Jefferies & Co. in New York. "The data have been pretty strong, and the inflation numbers have been ugly. None of this is good for the bond market," which thrives amid downbeat economic data and better inflation figures.
Fed officials have been signaling for some time that they intended to begin raising the discount rate as financial markets heal. They lowered this rate aggressively early in the financial crisis to give commercial banks added incentive to come to the Fed for emergency loans and continued to push it down as the crisis worsened. With the need for emergency funds waning, the Fed increased the rate from 0.5%.
In normal times, the discount rate is a percentage point above the more broadly important Fed funds rate, which is a rate that banks charge each other for overnight loans. The Fed targets a fed funds rate of between zero and 0.25%. The increase in the discount rate is a first step toward returning the gap between these two rates to the normal percentage point gap.
Thursday's data showed that manufacturing activity in the Philadelphia area improved by more than expected last month. The index of leading economic indicators also began 2010 with another gain, pointing to a strengthening U.S. recovery. The data followed encouraging data on housing and the industrial sector Wednesday, and also came on the heels of the Fed's more optimistic view of the economy in its latest meeting minutes.
The Fed's move is aimed at normalizing its very generous emergency lending conditions given the recovery seen in the interbank lending market--the short-term market that was the first to freeze when the financial crisis erupted. Borrowing at the Fed's emergency discount window has tapered off in recent months, with total borrowings as of Wednesday at $87.77 billion and commercial bank borrowings at $14.16 billion.
That low level of borrowing is why the Fed said the move isn't "expected to lead to tighter financial conditions for households and businesses."
The Fed also reduced the maturity of discount window loans to overnight from 28 days. It noted that together with the higher discount rate, this "will encourage depository institutions to rely on private funding markets for short-term credit and to use the Federal Reserve's primary credit facility only as a backup source of funds."

still pissing stone. i will not respond atm. we usaully bounce when target is hit. but that not written in stone.. i usually exit at target then re-enter bounce. good luck


yellow chart is in play more now.. targets marked.. 622 is a old fib from when pair was concieved..there is also a tl around 568 if i recall correctly. red levels still be in play if we retrace some... but yellow is the one. also we have a oct chart level to be aware of and another. i would rather these gain respect but you take whats given (3434 3368)...the least thet take us is 31xx area.

once again i cant respond atm..

time for sleep. looking for 1.3426 whilst I do

gl all