EURUSD

My apologies, post edited!!!

just a heads up...I have been trading currencies for 10 years...your stops are too big.

Here are my simple rules.

Profit targets = 65 pips.

Stop loss = 30 pips.

This works well.....i dont hit em all but I do very well from that. Again it depends on my targets and positions sizes.

if you suffer a loss, you would lose huge....you must have a bigger account!!!

Just trying to help.

Bernake is going to eat you.

Alive

Price stays ranging for a period of time and the we go south targetinng 3100 area at least before is stops for a while ranging again.
I'll have a 100% bear bias, there's no way I'll go long in this pair.
I guess this analysis is in concordance with your analysis, isn't it??

watch out i heard bernankee is short lol..

Fed Chairman Ben Bernanke has a PhD in economics, but he might be wishing he’d done some course work in rhetoric, drama and political science when he appears before Congress Wednesday and Thursday in his first visit to Capitol Hill since an acrimonious confirmation process in January.The economy appears little changed, the White House and Congress are scrambling and struggling to create jobs and banks are not lending much despite the central bank’s long-running rock-bottom, interest-rate policy.
http://media.cnbc.com/i/CNBC/Section..._smile_200.jpg

Getty Images

Federal Reserve Bank Chairman Ben Bernanke

If that weren’t enough, polls show voters souring on the president and Congress and November’s mid-term elections already loom large.
“They’re going to try to give him a hard time so when they are on their local TV news show, it looks like they’re standing up for the little guy,” says money manager James Awad, managing director of Zephyr Management. ”The rhetoric may be a little rough, but not the substance. Everybody realizes the population is stirring and angry and not sure where to take it out on.”

Really? I thought he was at least 6 foot?

There's always people on this thread that are saying they are going long, and then there's a tag team of people that think it's their personal responsibility to say 'don't'.

I 'think' maybe there's trolls on this thread, that just come in, look at the trend, and say the opposite.

Anyway, Eur/Usd is doing nothing, it's in resting mode.

Commerzbank Currently Has No Plans For Cap Hike
By William Launder
Of DOW JONES NEWSWIRES
FRANKFURT -- The chief executive of Germany's Commerzbank AG (CBK.XE) Wednesday reiterated that the bank currently has no need to raise capital in order to shore up its balance sheet.
Shares in Commerzbank fell sharply Wednesday on speculation the bank would need to raise cash after the bank reported a EUR1.86 billion fourth-quarter loss Tuesday.
At 1053 GMT, they were down EUR0.20, or 3.6% at EUR5.44, underperforming the wider market, which was down 0.2%. The Stoxx Europe 600 banks index was down 0.2%.
Commerzbank lined up more than EUR18 billion in aid from the German government to prevent it from collapse during the financial crisis.
CEO Martin Blessing, speaking to a news conference Wednesday, cautioned Wednesday that a loss for the bank was "quite realistic" in 2010. "The crisis isn't over," Blessing said.
The fourth-quarter net loss compares with a EUR5.45 billion net loss a year earlier, and against analyst forecasts for a loss of EUR1.17 billion.
Following the Tuesday's results, several analysts said they were worried about the bank's capitalization.
UBS analysts, who rate the share at sell, said in a research note Wednesday that the bank's "capital structure remains the overriding issue for Commerzbank."
Commerzbank said its core banking operations would turn profitable this year but that it would likely report a bottom-line loss because of non-operational factors like write-downs and changing market conditions. The bank earned a EUR300 million operating profit in January, the bank said.
A tax on banker bonuses in the U.K. won't have an impact on Commerzbank, the bank said.
Blessing reiterated that the bank would turn a group profit by 2011 at the latest and expects more than a EUR4 billion operating profit for 2012.
Blessing wouldn't say if the bank could pay a shareholder dividend next year if it becomes profitable.

I sink bernanke help euro because is not a optimist and no pessimist, is same talk every interview. but I shink dollar up is bad for economy, rates up? no some sign good but not so good because stock up very much and quikly so Bernanke speek dollar go down something because the rally for now is over, time do recover something and my target is 1.37.00

I know that there's price stagnation right now...but may I ask cich is you view of the market for today or for the week??
TKS!

Still holding.

If US new home sales figure is solid, then US dollar should gain- move with main trend which is downward.

Oh my look at that... TP hit on my LONGS, (and then some) remainder still running, back to bed.

Gott love it when the trades work.... Hate it when they don't.

everyone seems to be waiting Bernakees speech that started in the trade, so that the EU will be in the range until then

i'd sell a spike at 1.36 down to 1.34, and gibberish... since this pair has gone down 1500 pips, and both of these currencies are 'majors' in the world, i would imagine that the down trend will continue but at a slow pace. the eur may be a good buy against some currencies, but it will likely not be a good buy against usd for months to come.

looks like it cannot retake 1.3550, i'm holding my stop tight @ 1.3555

The Federal Reserve raised the discount rate yesterday by 50bps to 0.75%, citing “continued improvements in financial market conditions” and said this move represents a “a further normalization of the Federal Reserve’s lending facilities.” The Fed also announced that the maximum maturity for primary credit loans will be shortened to overnight effective 18 March and added its Term Auction Facility (TAF) program will end on 8 March 2010. The Fed clearly wanted to show that the economy is improving without disrupting the financial markets too much. Many Fed-watchers see the move as largely symbolic, especially given the fact that there is only around US$ 14.7 billion outstanding at the Fed’s discount window. Federal Reserve Bank of New York President Dudley today said “Think of this as the last adjustment tied to the end of all the liquidity facilities. Think of this as the last piece of that package, rather than the first piece of the new package.” Speaking about the economy, Dudley added “Monetary policy is about the economy. We need to see solid growth and job creation. Today we got an inflation report that showed there’s no inflation pressure. So our focus needs to be on growth and jobs.” Data released in the U.S. today saw the January headline consumer price index climb 0.2% m/m and 2.6% y/y while the ex-food and energy CPI rate was off 0.1% m/m and up 1.6% y/y. These data were a contrast with yesterday’s producer price inflation data that came in stronger-than-expected and today’s CPI data suggest that retailers are finding it difficult to pass on price increases to consumers. Other data released today saw Q4 mortgage delinquencies decline to 9.47% from the prior reading of 9.64%. Some economits believe the Fed may raise the federal funds target rate by the end of the year while others do not foresee any change this year. In eurozone news, Germany and Greece continue to exchange insults as Greece tries to restore itself to fiscal health. Many German politicians continue to oppose a financial bailout of Greece. European Central Bank member Gonzalez-Paramo said there is no risk of “losing access to liquidity.” He also added the ECB will progressively phase out measures. Spanish Prime Minister Zapatero said his country “will cut its deficit once the economy recovers.” Data released in the eurozone today saw the December EMU-16 current account surplus print at €1.9 billion. Also, German January producer price inflation was up 0.8% m/m and off 3.4% y/y, the highest monthly level since July 2008. Euro bids are cited around the US$ 1.3335 level.

If your TP was hit, how could you have "and then some"

mixed signals ... even elwave is running all time ... nonstop ,without decision point ,i dont like bernanke ,changing him was a better ...