EURUSD

RE short hourly open at or below 1.35

out 1.3513 ish

Ok, thanks. That would be killer if somehow it could be combined with contract size. I don't suppose that would ever happen, though....too potent of information for the retail realm.

Anyone know where to find ADR's for the major pairs, (general #'s) for 09/10

USD/CHF running out of steam?

Some long biassed may selloff as well if new speculations arise around greece and the whole ez inabillity to tackle the shit. Could cause a new major decline. EW's number is if price goes below 3384 it will confirm a continuing downmove.

Here is what market thinks of Greece news now .....

YAWN .....

daily atr is 107 pip ..... think asia has enough power to drive her thru 5-% fib of down move and 1.357- resistance area ?

The real direction will be determined next london session and not before

You are welcome.

Just seeing charts , my 1.3483 tp not hit & even gold at 1109.30.closed all though now with profit.

Market not ready any retracements below 1.35 , still I think 1.3467/61 or even low may be played before test the top & break up. This time if fail break up at 1.3569 then all down .I believe the hs already validated yesterday at 1.3533. lets see what next.
fontu

eu 4 hour chart with s/r zones

support 1.3469 , r at 1.3569 ( the one we butted head on today) next r at 1.3630 then . 3884

waiting for London to see trade direction right now sideways PA in an uptrending 4 hour channel BUT at prior resistance 1.3521

Technically, this is normally a very good sell signal for a possible 100 - 175 pip move.

* We had proven resistance at 3560
* Price breached upper boilingerband and reversed
* Nice bearish candle formation.
* Stochs shows oversold and reversing

Also the ema200 is lurking around 3600

Hi, Folks
Yesterday USA non-farm employment change was reduce more.
Do you think coming USA unemployment claim will increase or decrease?

I think don't short too much before the easter holiday. :-)

checking TD charts , I will long today from any low before the bull failure to stop me .and wait entry H1 clearance by after 2 hrs.
fontu
http://www.forexfactory.com/showpost...9&postcount=65

interesting reading

Global Currency Changes Coming Soon
New Standards Will Change Forex and the World Economy Forever
By Pharaoh
Ready to Hunt-the-Gowk and redefine Pi.

Yesterday, the US Treasury and Federal Reserve announced some new regulations to fix all of America's financial problems. Buried deep inside was a small reference to activating an obscure "Metals Act" regulation from January 1945.

It seems that the US came very close to going bankrupt while fighting World War II. Some metals became so scarce that even the common nickel was minted from silver since nickel was needed for the war effort. Near the end of the war, the silver was running out and all the gold was being used to back loans needed to keep fighting. The Metals Act of 1945 was designed to allow the US Government to change the US Dollar from the Gold Standard to the Zinc Standard very quickly if the emergency of that time or any future emergency warranted it. The development of the atomic bomb brought the war to a decisive end before the crisis was quite bad enough to warrant activating the provisions of the Metals Act, so the option was never used. It has remained on the books in case of a future financial crises.

The recession that started in the late 1970's brought America's government closer than ever to using this provision. Even as the economy began to recover, in 1982, the US 1 Cent coin was switched from 95% copper to a 97.5% zinc core with a copper coating. The recovery that followed was strong enough that plans to switch to the Zinc Standard were shelved again.

The time has come. America's current fiscal crisis has pushed us to a crossroads. The American and world economy is just beginning to recover, and even a small issue could quickly escalate into a another worldwide great depression. At this point, Federal Reserve chairman Ben Bernanke has finally admitted that money as we know it is just an intangible social construct. It's pieces of paper or bits of electronic data backed up only by the people's faith in the government and that faith is rapidly failing. Something had to be done to prevent a potential collapse of the US Dollar, and the 1945 Metals Act was the only law on the books that could be used without endless and counterproductive debate in Congress. President Obama has now signed off on activating it.

The final activation of the 1945 Metals Act is now scheduled for January 1st of 2011. At that time, the US Dollar will be backed by zinc, and all US coins intended for general circulation will be made from zinc or zinc alloys so that the value of the zinc in the coin will be related to the coin's face value (very much like the silver and gold value in coins when the US was on the Gold Standard).

Currently, the US Government is hoping that word of this plan does not leak out as they are in the process of rapidly expanding the vaults at Fort Knox and filling the new space with as much zinc as they can get before the expected price jump when the new standard becomes widely known. Needless to say, projections are that there will be worldwide panic buying of zinc at that point.

As you can guess, shifting the US Dollar to be backed by any metal would cause some large changes in world currency values before any of the hoped for stabilization occurs. Other countries will naturally take protective measures to prevent their money from being rendered essentially valueless by the US move.

Several directors of the US Federal Reserve have been in China quietly negotiating to see if the Chinese government will also move to this new standard in order to fix the relative price of the US Dollar and the Chinese Yuan (CNY), thus bringing stability in trade. Hopes for this unity have been dashed. It seems that the People's Bank of China has instead decided it would be better to move the CNY to an Aluminum Standard. The effect on both the value of the Yuan and prices for aluminum is expected to be huge. As a side note, there is an unconfirmed rumor that a large unnamed corporation (rhymes with FalNart) that is one of the largest purchasers of Chinese goods in the world may start giving customers a discount at stores worldwide if customers pay in CNY. This will help that company both in paying for the Chinese goods it buys as well as to help it ride out the wild currency value fluctuations that will occur while these new standards are put into place.

Similar negotiations with the European Central Bank also broke down, and the rumor is that the Euro will be backed by copper sometime in mid 2011. Currently, the Bank of England's Board of Governors is debating whether to move to one of these 3 standards but seems to be strongly leaning towards the radical move of backing the British Pound with titanium. This would ensure that the GBP will always remains the world's strongest currency.

US negotiators tried to bring Canada and Mexico into the Zinc Standard, just so that all of the Amero conspiracy theorists could all say “I told you so”. Faced with this sudden divergence of financial policies from other world banks, the Canadian Central Bank has decided instead to reject all metal standards completely. Since the Canadian Dollar is also called the Loonie, there was some discussion of backing the currency with actual loons. It was decided that this would have made the foundation of the economy too vulnerable to poachers and there were also worries about which of Canada's trade partners would be willing to accept wild birds as currency. In the end, it was decided that the CAD will be backed with a mixed basket of commodities based on the nation's primary exports. Therefor, the Canadian Dollar will be backed by oil, lumber, and beer. Since none of these are easily minted into coins, the obverse side of all new Canadian coins will depict a tree, and oil well, and a beer bottle. Canadian beer bottle caps will have their value set at 5 Canadian cents. There's also a plan for a new 5 dollar coin from the Royal Canadian Mint that will be the exact same diameter as a standard beer can and would be nicknamed the Brewski. Since beer cans are made of aluminum, there is some speculation that this is also a move to further improve trade relations with China.

Mexico is currently exploring a new currency standard based on beer, tequila, and tourism for the Mexican Peso. Their top researchers are hard at work on a beach somewhere in Cancun and are expected to file their final report any month now.

Following Canada's lead, Australia and New Zealand will both link their currencies to their most important export. In this case, there is a show of regional unity, and both nations have decided to go with the Wool Standard. All coins will depict a sheep on the obverse, and bills will contain at least 15% wool content. There is word that the Bank of Scotland has noticed this move and may break with the Bank of England. If the Bank of Scotland really does takes such a step, this will herd all 3 of the world's largest sheep producing countries into the same flock so that their currencies are all safe, fluffy, and warm in winter.

Knowing the financial turmoil that all of this will create, the Swiss Government has decided to hold off on applying a Swiss Chocolate Standard to the CHF, at least not until April Fools' Day next year.

almost.

without new low i got 3545 long target.. so it may just double top.

still waiting fo 3489 +s then bounce..

no adding for me till 3566 (not kissed) is broke for long or 3489 acts like a support. for a short set up.. .

Nice april s fool article...

FYI, since i am from Dubai

DUbai World was given two loans of 10 Billion $ from Abu Dhabi (Countries capital)
Dubai Government has given more 5 billion $ to Dubai world without any condition(gift)
THe 60 billion amount initially was inclusive of the amounts they could repay

Dubai world was net short by 26 billion $.

They are going to settle all their Supply side Creditors in Cash soon but upto the amount of 500000 Dirhams Each party (roughly 150,000k$) Since more than half of their creditors have less than this amount as outstanding.. they would therefore settle thier accounts in full.

As per the news in the market, the banks and Dubai world have come to an understanding of paying the amount over 8 years. This leaves only a small level of supply creditors who are being even offered completed unsold property units in exchange or an arrangement of being paid over a period of time.

lol wow

Something very interesting in the world economy metamorphosis , next & most basic standand should be water, oil & productive lands perhaps even fresh air at lastdays of the world .This theory , I remember entered my mind when I was only 5standard student & coming true ?? The ages of weanpon & gold & luxuries will be burried in the history.Not ourlife time for sure.
we may see silver,broze & alluminium shifts only !!

great article .
fontu

45xx??!!

You mean 35xx?

Or April fools? aaaaaahhhhhaaaaaaaaaa

thats not a bad deal I would say. Ecuador just didnt pay those a$$holes.