EURUSD

this short term channel looks to be solid..possible flag formation..tp 34 for me on the short entered earlier

[quote=gatorinla;3591160] if we bounce here i'd like to make you an offer on that crystal ball of yours.

m

http://img532.imageshack.us/img532/7767/imagemyv.jpg

something is wrong....

our way...

[quote=acumen;3591475] Not for sell #186971

ok, ok ..

with a good dose of humor, and a lot of faith (lots of it) go up forever ....

Again...shyts and giggles.

[quote=acumen;3591475] offer?

Headed to 1.3450

Just looking for 10-15 pips. I just hope I'm taking those pips from the Asian traders and not anyone over here.

Done.

WSJ(3/29) World Stk Mkts: Asia Shares Fall; Tension In Korea

DOW JONES NEWSWIRES

(From THE WALL STREET JOURNAL)
By Shri Navaratnam
Asian stock markets were mostly lower in early Monday trading after a tepid performance on Wall Street, with South Korean stocks moving lower amid caution after an unexplained explosion sank a naval ship late on Friday.
Sentiment was somewhat supported by euro-zone members late last week agreeing to provide backstop loans for Greece in conjunction with the International Monetary Fund.
"We certainly think there's upside risk for the market," said Macquarie Private Wealth division director Martin Lakos in Sydney. "Unless it deteriorates, the Portugal, Ireland, Greece, Spain situation is in the market," he said, indicating that investors appear to be looking past the euro-zone debt problems.
Japan's Nikkei 225 was off 0.5% at 10930.2, South Korea's Kospi Composite lost 0.3%, and Australia's S&P/ASX 200 was down 0.1% at 4893; New Zealand's NZX-50 was up 0.3%. Dow Jones Industrial Average futures were up 12 points in screen trade.
Korean shares were down and tension up after 46 sailors went missing after an unexplained explosion sank a South Korean naval ship Friday in the Yellow Sea.
Brokerage stocks were down, led by Mirae Asset Securities, off 1%. Hyundai Engineering fell 2% on profit-taking.
In Tokyo, the market was weighed down by stocks going ex-dividend. Pharmaceutical stocks, with relatively higher dividend yields, were down; Takeda Pharmaceutical fell 2.5% and Astellas lost 2.6%.
The Australian market was struggling to find direction amid a lack of news. Materials stocks were mixed, with BHP Billiton up 0.5%, Rio Tinto off 0.4% and Newcrest Mining up 0.9%.
In New Zealand, shares were up modestly in subdued trade.
Copyright (c) 2010 Dow Jones & Company, Inc.

It's Official - America Now Enforces Capital Controls
http://cdn.forexfactory.com/images/m...kedarticle.gif zerohedge.com
http://cdn.forexfactory.com/images/misc/news_quote.gifIt couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more important provisions on page 27, known as Offset Provisions - Subtitle A—Foreign Account Tax... Full Story

Germany Hits Back At Critics Over Its Trade Surplus - Report

DOW JONES NEWSWIRES

ZURICH (AFP)--Germany hit back at critics on its trade surplus, with Foreign Minister Guido Westerwelle saying in remarks published Sunday that Berlin won't apologize for its successful export-led model.
"We will not apologize for being successful. We see this much more as incentives for others to step into a healthy competition with us," he told Swiss newspaper NZZ am Sonntag. "One should not criticize those who bring good benefits. The question is more, what can be done to make Europe more competitive. Europe runs well with a strong, successful Germany."
French Finance Minister Christine Lagarde said last week that Germany's strong trade surplus, a result of Germany exporting more goods than it imports, was unsustainable for Germany's partners in the euro zone.
"[Could] those with surpluses do a little something? It takes two to tango," Lagarde told the Financial Times. "Clearly Germany has done an awfully good job in the last 10 years or so, improving competitiveness, putting very high pressure on its labor costs. I'm not sure it is a sustainable model for the long term and for the whole of the group. Clearly we need better convergence."
European Union Competition Commissioner Joaquin Almunia also said in Madrid that it was important to pay attention to trade imbalances "and also to countries that have surpluses."
Germany, Europe's biggest economy and the world's number two exporter after China, has also come under attack from the United States in the past over its trade surplus.
Meanwhile, Westerwelle also dismissed comments that the European common currency had become weak and unstable due to the debt crisis in Greece.
"One forgets what it was like before the euro," he said. "Has everyone forgotten the currency fluctuations and how they afflicted not just export-oriented countries? The euro is strong, the euro will stay strong. I have no doubt about this successful model."
The euro in the past week slumped to 10-month lows against the dollar amid the Greek debt crisis and only began climbing Friday after the European Union agreed on unprecedented plans to rescue Greece from the crisis.

[quote=gatorinla;3591437] ok...... lets see what poppa bear has to say....

days low is in .... see you all tomorrow at 1.3550

as long as 1.3400 hold that is my 1st target

BANKER WATCH
http://www.djnewsplus.com/m/trans.gif http://www.djnewsplus.com/media/print_icon.gif http://www.djnewsplus.com/m/trans.gif http://www.djnewsplus.com/media/reprint_icon.gif http://www.djnewsplus.com/m/trans.gif Fed's Plosser Open To Selling MBS Before Raising Rates
By BRIAN BLACKSTONE
Of THE WALL STREET JOURNAL


FRANKFURT -- The U.S. Federal Reserve should consider selling some of its portfolio of mortgage-backed securities even before raising official interest rates in order to make monetary policy more effective, the president of the Philadelphia Fed said Friday.
In an interview with The Wall Street Journal, Charles Plosser said the Fed needs to shrink its balance sheet in order to make future changes to its main policy tools, the federal funds and discount rates, more effective.
Fed Chairman Ben Bernanke appears to have moved closer to Plosser's position on asset sales. Bernanke told a Congressional panel Thursday that the central bank will at some point gradually unload some of its $1.25 trillion portfolio of mortgage securities. Plosser thinks that can be done without damaging the still-shaky housing market.
"Given the market functioning, I don't anticipate that selling MBS at a reasonable pace is going to have a tremendous impact on mortgage rates," he said.
(This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.)
Last month, the Fed raised the rate it charged for overnight loans, known as the discount rate, by 0.25 percentage point to 0.75%. Some investors took that as a signal that additional discount rate hikes were on the horizon and that the Fed would start raising its main policy instrument, the federal funds target rate, sooner than expected. But Plosser said the Fed must first reduce its $2 trillion-plus balance sheet and drain excess reserves from the banking system.
"There was this whirl of conversation that we were going to raise the discount rate again," Plosser said, referring to recent speculation in financial markets. "I don't see us getting greatly involved in that discussion until we have a better idea of how we want to think about our operating procedures."
Plosser, who isn't a voting member of the Fed's rate-setting arm this year, is in the camp of officials that tend to worry most about inflation and its effect on the economy. He is very critical of the Fed's repeated assurances to financial markets that it will keep interest rates "exceptionally low...for an extended period." Financial markets have taken that phrase as code for maintaining the fed funds target near zero for several months despite signs of economic recovery.
"I'm kind of ready to move on the language. That doesn't mean I'm ready to move on rates yet," Plosser said.
So far, Kansas City Fed President Thomas Hoenig is the only voting member of the rate-setting Federal Open Market Committee to share Plosser's view on the extended period phrase. Others might come around, Plosser said, if the economy starts generating jobs, which he thinks could happen as early as this month. "It's certainly one statistic that would begin to increase the comfort level of a lot of people about the recovery," Plosser said. "The evidence in the U.S. about the sustainability [of the recovery] is growing in the sense that it's becoming more broad-based."
Plosser said he doesn't see inflation as a risk in the near term, though he casts a skeptical eye on the recent softening of core inflation which excludes food and energy. Plosser thinks core inflation is being driven down to a large extent by weakness in housing, which is a "huge" component of core consumer prices.
Still, "I'm not terribly concerned, although a lot of people claim that I am, about inflation in the near term," Plosser said, in an apparent nod to his hawkish reputation. His worry is that the sheer size of the Fed's balance sheet will generate price pressures once the recovery gathers steam and banks start lending again.
Plosser's European visit--he gave a speech in Prague Tuesday--occurred as European officials grappled with their biggest fiscal crisis in many years. On Thursday, European leaders agreed on a framework for a joint European Union-International International Monetary Fund aid package for struggling Greece, if needed, after weeks of at times heated wrangling.
The Fed official was reluctant to be drawn into European politics and policy. But one lesson from Greece's difficulties, he said, is that countries around the world, including the U.S., must have the "fortitude" to unwind their "extraordinary" fiscal stimulus as economies recover.
"Like the U.S., I think there's evidence Europe is gradually emerging from this recession," Plosser said, though "it seems to be a little more tentative at this point [in Europe] than in the United States."

Greek Plan Soothes Debt Markets, Eyes On Bond Launch
By EMESE BARTHA
Of DOW JONES NEWSWIRES


FRANKFURT -- The European Union's agreement Thursday to set up a safety net for Greece as it weathers its debt crisis boosted the country's government bond prices Friday, paving the way for a likely new bond issue as early as next week.
The rescue plan, which will involve assistance from the International Monetary Fund and provides Greece with a system of standby credits to guard against threatened insolvency, also brought down the cost of insuring Greek debt against default.
However, analysts said more details of the package--such as trigger points and the speed of aid deployment--will be key in determining how market participants view Greek debt in the days ahead.
"Overall, positive news for Greece with more clarity being the pivotal driver for the performance of Greek bonds," said Wilson Chin, strategist at ING Commerical Banking in a note. "The most important issue going forward is the smooth takedown of supply from Greece," he said, expecting a new benchmark bond within the coming weeks.
Greece in April has to meet EUR11 billion in debt servicing obligations, according to data from the Greek Public Debt Management Agency PDMA. In May, a further EUR11.646 billion will be due.
After the issue of a 10-year and a five-year bond issue early this year, the next deal is expected to be either three-year or a seven-year issue, more likely the latter. A Greek government official said this issue could come as early as next week.
On Friday, ten-year Greek yield spreads over euro-zone benchmark German bunds fell to 3.05 percentage points early Friday from 3.14 percentage points Thursday and 3.24 percentage points Wednesday. Greek 10-year bonds yield 6.20%, while Germany's yield 3.15%.
Part of the spread narrowing was due to a decision by the European Central Bank that it will keep its looser rules for the collateral it accepts at its lending operations for longer than planned, a move that will benefit Greece.
"What is decisive is that the central bank's decision confirms that Greek bonds are liquid assets," Natixis bank said in a note.
Petros Christodolou, Chief of the Greek Public Debt Management Agency, told Dow Jones Newswires that "the [EU] agreement is a very solid development as it eliminates the default risk and the refinancing risk and definitely raises the credibility of the government's austerity package." "This along with Mr. Trichet's statement on the ECB's collateral going forward, will take the pressure off the debt and the refinancing of the banking sector," Christodolou added.
The costs of insuring Greek debt fell after the agreement and continued to do so Friday. Greek five-year sovereign credit default swap spreads are 10 basis points tighter Friday at 300 basis points, down from 310 basis points at Thursday's close. This means that the annual cost of insuring EUR10 million of Greek debt for five years fell by EUR10,000 to EUR300,000.
-By Emese Bartha, Dow Jones Newswires, +49 69 2972 5516, [email protected] (Mark Brown in London and Costas Paris in Singapore contributed to this item.)

Going long at 1.3435 SL 1.3415 TP 1.3475

i'm thinking about going long here as well, but i'm gonna wait for london to come online