EURUSD

correct because that pair will range better than the other 2..

*L* wish i had these

Greek Fin Min: Can't Exclude IMF Financing

I'm seen nothing, but sideways trading, Next time DOW drop 100

EU will go back to 1.35 range.. Nothing has been change, just a talk..

Markets are overheated. Buy low sell high, so I'm seller especially

on Cable..

maybe. i still got 3622 in mind. but being this high now and soon thursday before nfp its unlikely for weekly close below 3622. but i can hope.

At last nice play in eu ,what next ? If bull turn into bear or just maturing bull signal at the top .confusing & need time to. perhaps will check next morning .
fontu

is speaking.

It it's a SELL right there on your chart.. Or you think it's going

none-stop to 1.40? I'll go long at low 1.35 at the bottom of your chart

and not before. Risk appetite returns, - yeah, right, at least for few hours

it's true..

did He say the H word ?

When has he stopped ???

And yes he is saying the h word lol.

you posted a chart by elliotte wave international on the dollar last night so i thought that was your way of tradtng

What's next?

http://www.forexfactory.com/showpost...2&postcount=89

Market pullback and 1.35. Crude already at $81/b, 10 more bucks and

we'll have depression

As per TD H4 it is should be start of more bull & will up & down around this area for 2 or more H4 hrs. In only m5 sell signal if close over 1.3735 towards 1.3643 sr.to & froth from keypoints 1.3633/3592 and 1.3733. If triangle works and if whole one v subwave consider inside the triangle should down to the bottom & continue with overhead daily sell signal confirmed long back for bigger sell.
Anyway 1.3788/38 can't be ignored upside even sell starts.

closed all longs here except gj , expecting some up to 13464 min to close , very minimal movement there today.
thanks , see you all next morning .
fontu

im watching kiwi

still hold my short

Look at this it is trying to bounce of the regressions. Good Support.


http://i182.photobucket.com/albums/x...PRAMAN/ffx.jpg

March 3 (Bloomberg) -- Greece’s pledge to ramp up planned deficit cuts by half failed to yield commitments of financial aid from Germany, Europe’s biggest economy, to help solve its financial crisis.

German Chancellor Angela Merkel said a meeting in two days with Greek Prime Minister George Papandreou won’t be “about aid commitments.” Her finance minister, Wolfgang Schaeuble, said the deficit-reduction measures announced in Athens today were probably enough to convince investors to buy Greek debt.

Papandreou is risking a backlash at home to meet European Union demands for more deficit cuts before allies consider coming to Greece’s aid. As his Cabinet backed 4.8 billion euros ($6.6 billion) of measures, Papandreou said that Greece may turn to the International Monetary Fund as a last resort.

“We have fulfilled to the utmost all that we must from our side; now it’s Europe’s turn,” Papandreou told his ministers, according to an e-mailed transcript. “It is a historic moment for the European Union.”

Greek bonds rose to their highest in three weeks after the Cabinet endorsed a package of revenue-raising and budget-cutting steps, including higher fuel, tobacco and sales taxes and a cut of 30 percent in three bonus-salary payments to civil servants on top of a wage and benefits freeze.

‘Political Capital’

“Today’s announcement is as much about giving other EU governments more political capital in the event that they do eventually need to provide liquidity to Greece,” said Gary Jenkins, head of credit research at Evolution Securities Ltd. in London. “They can make the claim to their own taxpayers that Greece has taken further measures as suggested by the EU.”

With public workers set to demonstrate in Athens tomorrow, Greece is pressing EU leaders to move ahead with aid to help cover the bloc’s largest budget deficit. Merkel’s comments are the clearest signal yet that Germany isn’t convinced.

“I expressly want to say that Friday isn’t about aid commitments, but about good relations between Germany and Greece,” Merkel said in an interview with N-TV, according to a transcript provided by her office. Greece’s steps are “an important signal” toward restoring confidence in the euro.

The euro climbed as much as 1.21 cents, or 0.9 percent, to 1.3736, its highest intraday level since Feb. 17. The yield on the benchmark 10-year bond fell 13 basis points to 6.02 percent, the lowest since Feb. 11. The premium investors demand to buy Greek government debt over comparable German bonds, the European benchmark, declined 14 basis points to 2.91 percent.

Greek ‘Homework’

Merkel reiterated that it’s up to Greece to “do its homework,” while Schaeuble said the budget package should further calm markets and allow Greece to raise funds through new debt sales.

French Finance Minister Christine Lagarde said in a statement that she welcomed the “solid and tangible” measures from Greece. The European Central Bank praised the “convincing” additional measures, saying that it appreciates the government’s recognition of the need to “rapidly adopt and implement decisive structural reforms.”

Papandreou plans to meet Merkel in Berlin on March 5 and is due in Paris two days later for talks with French President Nicolas Sarkozy.

“It’s still not under discussion to grant unilateral aid to Greece,” German Deputy Finance Minister Joerg Asmussen told lawmakers in a closed-doors briefing in Berlin today, according to Gunther Krichbaum, a member of Merkel’s Christian Democratic Union who heads the parliament’s European affairs committee.

Risk Premium

Investor concern about Greece’s ability to finance its debt pushed the risk premium to 396 basis points on Jan. 28, the highest since the start of the euro in 1999, boosting the cost of selling new bonds and raising the risk of default. The premium on Spanish and Portuguese debt has also surged as investors shunned bonds of other high-deficit EU nations.

Greece faces more than 20 billion euros in debt redemptions in April and May. The EU is devising a plan to grant Greece about 25 billion euros in aid should the need arise, German lawmakers have said, enough to cover the maturing debt. One option could involve using state-owned lenders such as Germany’s KfW Group to buy its bonds.

EU officials have said that Greece’s financial woes pose a threat to the entire euro area and the strength of the region’s single currency. The euro has lost almost 5 percent against the dollar this year on concern that Greece won’t be able to tame the shortfall and could threaten monetary union.

Hedge Fund Warning

Greece has blamed market speculators for fueling the decline in its securities and European officials have warned hedge funds that they shouldn’t try to profit from the woes of the region’s nations. U.S. authorities have told some hedge funds not to destroy trading records on euro bets, according to a person with knowledge of the requests.

Today’s measures are the second additional actions adopted by Greece since presenting its original deficit-cutting plan to the European Commission on Jan. 15. At stake is Greece’s pledge to trim a deficit of 12.7 percent of gross domestic product to 8.7 percent this year. The measures will be voted on March 5, Greek news agency ANA reported.