EURUSD

News effects should gone & so placed a long at 1.3560 to care 83 & 94 areas if breaks up.
fontu

Got out of last trade long .3574 at a -4 pips but took 77 pips from the market ..all in all ok fo me but it's like going to a firework show and it starts to rain hard..

anyone buying USDCAD now?

"1424 GMT [Dow Jones] The dollar is just being traded as the anti-euro, says Michael Woolfolk at Bank of NY Mellon,
where anything bad for the euro is good for the dollar. Woolfolk says in that environment, the USD shouldn't be
used as a funding trade. He expects action after Greece/Germany press conference at midday. (DDR) "


If anybody got some info on that press conference now or later,
please post. Thanks

why up??what reason..the data is not a release for 1 hour..This data is a overall look..And should effect until Monday at least..It shows a trading direction

and sure any greece news can effect the euro, but the risk is more in moment I think

ATHENS (Dow Jones)--The Greek parliament Friday approved a EUR4.8 billion austerity package that is seen as a prelude to any European Union aid for Greece even as thousands of union members protested the measures on the streets outside.
The vote came after six hours of heated debate, and as Prime Minister George Papandreou embarks on a five-day tour of foreign capitals to convince fellow EU leaders to back Greece as it faces one of its worst economic crises in its modern history.
The package was passed by simple voice vote in the 300-member chamber. The ruling socialist government, elected last October, controls a 160-seat majority in parliament.
Earlier Friday, the Communist Party of Greece withdrew from the debate in protest against the measures.

I'm staying out.. lost 20 pips..

Thanks for the Krishnamurti comment.. he has some great vids on youtube.. He amazes me.. GL

If it reaches 1.3530-40 on slow pace without vol then it'll be a nice spot to go long for a move above 1.3600 easily

and for USDJPY it seems a big effort to go up...then it completely stopped...i'm tempted to add another short there!

Euro heading for Parity

Another clown, Parity with whom? Till EUR gets there US going to

apply for chapter 11 as well.. At least he's right on GOLD/Silver part


"Fabio Alves

A DOW JONES NEWSWIRES COLUMN


NEW YORK (Dow Jones)--The rough times for the euro are far from over. Sluggish economic growth, deteriorating fiscal health and deflationary pressures should all conspire to send the currency toward parity against the dollar in the next year or two.

That's the view held by David A. Rosenberg, former chief North American economist at Merrill Lynch and now chief economist and strategist at Toronto-based investment firm Gluskin Sheff + Associates, which oversees $5.5 billion in assets.

"Looking at the fact that 40% of the (European) Continent is going through a massive fiscal straightjacket, the last central bank that is going to start with any exit strategy will be the ECB (European Central Bank)," Rosenberg said in an interview with Dow Jones.

"There's still tremendous downside to the euro," he added, despite the massive negative bets that have built up against the common currency.

The euro has lost more than 4.5% against the dollar and more than 9% against the yen this year as concerns escalated over the fiscal problems of Greece and other heavily indebted euro zone members, such as Portugal and Spain. Investors seeking safety headed for the dollar, the yen and currencies from countries with solid finances and triple-A ratings, such as the Swiss franc.

Rosenberg sees a good likelihood that there's more volatility ahead for markets in coming quarters, which will benefit the dollar. The U.S. currency "is going to hang in very nicely," he said. Rosenberg expects the Federal Reserve to pull back from its quantitative easing ahead of the ECB, the Bank of England and the Bank of Japan, which should further support the greenback.

A sharp slide in the euro will hurt the competitiveness of large U.S. export firms as a higher dollar will make their goods more expensive for European buyers.

For investors, that means "we have to get even that much more selective on the large caps space," he said, referring to stocks of large companies.

Rosenberg said he's very bullish on precious metals, particularly gold and silver, forecasting that gold will head toward $3,000 an ounce and silver ultimately test the high of $50 in "the next few years." In recent trading, gold for April delivery was at $1,130 an ounce and April silver was at $17.275.

Precious metals will be "increasingly viewed as currencies especially as we see central banks continue to expand their money supply to cushion the blow from the global deleveraging cycle," Rosenberg said.

"

I was told to log out & log back in so now when I have problems that what I do seem to work everytime.

My thoughts on the market for the next week.

A break of blue point 3 low (2nd March) gets me short

Been buying since 1.03. Stops below 1.02

NEW YORK (Dow Jones)--The rough times for the euro are far from over. Sluggish economic growth, deteriorating fiscal health and deflationary pressures should all conspire to send the currency toward parity against the dollar in the next year or two.

That's the view held by David A. Rosenberg, former chief North American economist at Merrill Lynch and now chief economist and strategist at Toronto-based investment firm Gluskin Sheff + Associates, which oversees $5.5 billion in assets.
" "increasingly viewed as currencies especially as we see central banks continue to expand their money supply to cushion the blow from the global deleveraging cycle," Rosenberg said.

I'm afraid if I log out I wont get back in.. I have the 4H up.. but until I do what you say, that's the only time frame I can work from.

Should I wait till 1.36 to long?

Or should I start longing now?

Hows the greece situation now.

yup. sell everything take a loan. sell your house, burrow money and short eur/usd - it's a no brainer trade

anyway i still like Rosenberg, was dead on crisis. but missed the rebound.
still respect this man.

Ok i'll take a risky long if it goes back towards 1.3550-60

doesn t seem to have the force to go up... i expect a slow down drift maybe to 1.353

Gator, I just post the same thing 4 posts ahead of you.

And btw that guy is clown.. Dollar heading for parity with Mexican Peso

instead of the Euro..

look at Ibex. amazing.
i'm a seller if i see anything above 11.500.