EURUSD

BS

>Im not a news trader but
>
>WHY does USDJPY goes DOWN, but
>
>USDCAD goes UP ???
>PLS can anyone explaine
>>>>>>>>>>>>>>>>>>>>

I'll try to explain it in simple, universal terms.

The US Dollar and the Japanese Yen are considered stable, haven currencies. IOW, when times are bad, these currencies are the ones to be in (or so most traders think), as they are the safest and most stable. Therefore, when general economic conditions look like they are going down, money often flows to these currencies.

Trading advisors (such as Krazy Kat at Forex Peace Army) usually advise trading USD/JPY during fundamental announcements, because it is more reliable that if things go bad in the US, the dollar will go down against the yen.

However, much of the rest of the world sells stuff to the US. Therefore, if the US economy looks like it is having problems, the amount of goods that the rest of the world can sell to us will not be as great. Also, if the US economy catches a cold, the rest of the world economy might get pneumonia. So, seemingly against logic, bad economic news for the US often means that the USD will go up.

That is especially true of Canada. They are one tenth as big as the US and right next to us, our biggest trading partner. Every little economic hiccup we have (I'm a US citizen) can create far bigger waves in the Canadian economy.

HOWEVER, sometimes if the news is extremely bad or good, the situation can reverse-- except for the Japanese yen. That is why Krazy Kat recommends the USDJPY when trading fundamentals.

-Hopelesstrader

He is gonna talk in about an hour.... just PA between bulls and bear...

long and short can both make money even tho price is genuinely inclined towards one of it. all depends on entry, exit, mm etc

Guys, relax.......key numbers 1.3460-61 and 79-80, breakout either side will result a good amount of pips.

You are so right. i'm short EU to target 1.3385

Don't pay attention gtr...
It is clear enough that he is not gonna even think about whatever we say...
Mooooooving on...

haha then it is so fast we can not catch it...((((((

Load of buyers in the 60 area...may they push the pair above 1.3500 quickly!!
Right now the PA is supporting the buyers but sellers are damn strong

im still expecting price to go around 33/32/31. its possible that i may shift to bull b4 that, will have to see how the price move, and the rejection area.

And one thing, we are now in ML (median line) of daily chart inside downward channel, its providing support as we see but if it breaks downside, this could bring eur/usd down to 1.3380 TODAY....
Otherwise, upside first target 1.3524, then 1.3574 and 1.3617. Some +/- 2 pips can differ regarding Fibs

Everybody should be bull when its bullish and bear when its bearish. You must chancge your ideia within a minutest, as the market change.

For the moment - buyers are trying to iceskate uphill.

Again...
Weird...
Dax down... EUR up... gold down...
USD up... DOW up... SP500 up...
What is going on here?
I'm out...

EDIT: SP500 DOWN!!! now this is doing better...

We've also just hit the ML of one going back 4 years. They're everywhere .

Try doing the same...it's possible but painful !

I prefer to act like electricity...path of least resistance....

I'm using Oanda, but it went back to the normal 0.9 a few minutes later

Dow and S&P are down hard not up, As is Oil and pretty much every market. The main ones not moving with everything else are Gold & the EU.

Is America gonna buy Greece today (Throw funny money at their problem)? We like to buy non-preforming liabilities like Government Moters (GM) and a laundry list of others.

I am sure that the euro will fall, if not increased, although it can be a sideways trading.