EURUSD

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Government in the Sunshine Meeting Notice
Advance Notice of a Meeting under Expedited Procedures

It is anticipated that a closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, April 5, 2010, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: April 5, 2010
Matters to be Considered: 1. Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks. A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.
For more information please contact: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202-452-2955.
Supplementary Information: You may call 202-452-3206 beginning at approximately 5 p.m. two business days before this meeting for a recorded announcement of any bank and bank holding company applications scheduled for the meeting; or you may contact the Board's Web site at http://www.federalreserve.gov for an electronic announcement about applications and other expedited items, as well as procedural and other information about the meeting.
Dated: April 1, 2010

Last update: April 1, 2010

Welcome to trading

yep but after the news it should have helped a bit..

well, I keeping my short positions, if we closed under DP I will add more, if we go under MA`s (24,35 sma, 62ema) which is currently looks like a wall and if we go below 1.3455 will add again... (1H TF) when closes above DP changing my mind...

reasons:
under DP
didn`t break downward trendline (1H TF)
excellent news for $$
momentum and volatility is low maybe because of europe hollidays

Lets see if we get some fallow- through this week. Right now it looks like we are getting close to a decision imo. good luck.

NEW YORK (Dow Jones)--The euro managed a modest gain against the dollar Monday on the back of strong U.S. service sector data that fueled a rally in assets closely tied to global growth.
Thinly traded markets exacerbated currency moves, analysts said, with markets in Europe closed because of the Easter holiday.
"End users" of euros earlier pushed the common currency higher after they bought it at discount prices, said John Hazelton, chief foreign exchange trader for PNC Bank in Pittsburgh. The euro zone currency ticked slightly lower after the better-than-expected U.S. data, but remained up on the day.
"From my vantage point, it seems to me that more people are looking to acquire euros at these discounted rates," he said.
Monday morning, the euro was at $1.3515 from $1.3478 late Friday morning, according to EBS via CQG. The dollar was at Y94.46 from Y94.67, while the euro was at Y127.64 from Y127.62. The U.K. pound was at $1.5316 from $1.5193. The dollar was at CHF1.0597 from CHF1.0641.
The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 81.001 from 81.311.
The Institute for Supply Management's purchasing managers' index for non-manufacturing increased to 55.4 in March, better than the 53.0 reading in February and topping economists' expectations of 53.5. The strong numbers led to gains in stocks, oil and other assets and kept the euro well-bid.
Even after its slight boost, the euro will remain under pressure, analysts said, as the euro zone continues to struggle with issues of sovereign debt. The dollar could also reverse the euro's gains after the 11:30 a.m. EDT meeting of the Federal Reserve board, which is holding a regular meeting to discuss the rate it charges banks on emergency loans.
The Fed can effectively raise the rate whenever it wants to, but that didn't stop some analysts from speculating that an increase was coming, which could lead to strong dollar gains as investors could interpret a rate increase as the U.S. inching toward policy normalization, even though the Fed insists raising the discount rate is not a form of policy tightening.
The U.K. pound also took advantage of improved investor sentiment as it posted strong gains of more than 0.6% on the day against the dollar as a cloud of political uncertainty seemed to be lifting, with an election likely to be called Tuesday, according to reports, and the chances of a hung parliament--or one party not gaining enough votes for a majority--becoming less likely, according to recent polls.
"As the political uncertainty lifts, sterling may find better traction," said Brown Brothers Harriman analysts.
Separately, Treasury Secretary Timothy Geithner said Saturday the U.S. will delay a report to Congress on China's currency policy, but said the Asian giant is relying on "currency intervention" and must move to a "more market-oriented exchange rate."
The U.S. Treasury was due to issue its semi-annual report to Congress on the currency policies of major trading partners April 15. A growing number of lawmakers have called on the administration to label China a currency manipulator, saying Beijing purposefully undervalues the Chinese yuan to give its exports a competitive advantage in the global market.
The Obama administration Monday played down criticism of its decision to delay the report, saying President Barack Obama has directly appealed to Beijing to move to a market-based exchange rate.
"Each and every time that the president and this administration meets with the leadership of China, this issue is brought up," White House spokesman Robert Gibbs told reporters Monday.
Meanwhile, the Russian ruble extended its gains Monday, reaching its strongest levels in 15 months on higher oil prices, with analysts predicting that an increase in inflows may give the currency new strength later this year.
Also, the Indian rupee rose to a near 19-month high against the U.S. dollar, helped by upbeat local stocks and heavy corporate sales of the greenback.

Canada Morning
The Canadian dollar posted strong gains against the U.S. dollar Monday, strengthening nearly 0.8% on support from gains in oil and other commodities
"[The Canadian dollar and U.S. dollar] seem to be inevitably headed towards parity," said Scotia Bank analysts.
The pair hit its lowest level since April 2008 in morning New York trading.
Monday morning, the U.S. dollar was at C$1.0035 from C$1.0082 late Friday, according to EBS via CQG.
-By Bradley Davis, Dow Jones Newswires; 212-416-2654; [email protected]

thanks, cat.

Down we go (hopefully)

For Tuesday. I say Tuesday because there is aproximately 24 1 hour bars in that neck line, that would put us in line with Tuesday before the next move down. Which coincides with the market coming back to normal. (If there is such a thing!).
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1270249688

expecting this...

Crude $86.77

[quote=mmccormac;3610119]http://www.federalreserve.gov/gifjpg/sm_head2.gif
http://www.federalreserve.gov/boardd.../brownrule.gif
Government in the Sunshine Meeting Notice
Advance Notice of a Meeting under Expedited Procedures

For more information please contact: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202-452-2955.


hey i called...............they are not telling about the rate to be decided........

[quote=manojsai;3610173] Ill try maybe theyll tell me

Wonder if the Oil markets are pricing in a War... Given the situation I would not be surprised.

made my day, great.

Cheers mate!

which one exactly?

true.

so, if they hike the rate, we should see a move up and then tank....right??

finally she came to her senses, typical girl