EURUSD

is such a wildcard.

i say they partial default.

however... i do believe the market is tired of buying dollars.

m

Back in Oct 2008, was Europe in a bigger crisis now then US? If not why did EUR drop to 1.23?

Look the point is if you going to use this as an argument that USD will rise because of future debts, then its a very dangerous thing to do. Always look at the chart to also make your decision as well. Believeing too much into certain things could cloud your judgement.

We all know fundamentally US is in a bad shape. We also know now Europe is in an even worse state. The fact that there are so many countries in EUR zone that is tied to EUR$ makes it extremely vulnerable. Any bad news coming out of anymore EUR zone countries is just going to make EUR$ weaker.

aud/jpy will break out at 87.50

Wait and see.

Not much to talk solutions. Say a month would be 1.3800 but the results are obvious facts seem. Greece `s not easily relieved with the emergence of the euro area.

FINISH!!!

Its the weekend the voices must get louder. We are lucky he shares them with us.

i just noticed we got a hot chick in here. "its chest poking time".. sky you hold the ruler.

im selling small positions on the way up to ....after greece falls/rules the world..... happens. i posted areas to short in the bull section.. bring sl to be.. and you got a free short... bounce is a give-me.. unless greece dicovers oil/gold in the trillian eur$ (or 3 usd$) value range soon.

damn hot chick left.. damn you sky.. the ruler wasnt not for depth. it was 4 length.. now wash it..

Alright, but, It's just a long term outlook that's all.. I might go short soon

as well.. Want to see about 1.35 at least for Short.. and below 1.33

I'll be buyer again.. Based on chart my target 1.35 and change..

Then I'll see..

P.S.

And don't tell me about Greece, you guys are brainwashed by TV propaganda and blind

in therm of wtf is going on

in your own backyard.. Check it out sometimes..

Thank you so much for the video Mike. My TP was just hit on the system on my e/u trade and I just closed my u/j for +7 manually..nice to come back from fixing my headlight to see some green pips early in the week.

Donnie

i need my headlight fixed to..

PM me, I'll get you going.

I just "discovered" ninjatrader market analyzer...wish I had found this a year or two ago. So easy to customize and making my life ten times easier. Now I just need to sharpen up on my C

wow... Japanese equities are rallying off the charts.. EU above 1.352 negates bearish bias and I'm wondering if Europe will follow Japan's lead and test near this level? If Europe fails to buy Euros despite the massive Japanese equity rally then you'll know what to do

Short with size..

I'm sidelined for now..

SMALL LOT SIZES.

.3400 held Friday.

.3400 Psych level.

It will bounce in low volume market 90% of the time.

Additionally:

1) Market hasn't touched the PP. It will 85% of the time.

2) Greece.

Interesting stat, but looking at the past 10 days there were 4 it didn't touch the PP. Is that real analysis or just a number you threw out there?

usd/jpy just about to break 94.30 94.75 95.00 99.00 coming

aud/jpy breaking out

I have a long on that pair since 93.96......looking to see what happens at R1.....I think 100.00 is possible in the longer term

people in hungary still seem to be hungry after imf bailout

By Maria Petrakis

April 26 (Bloomberg) -- Greek Prime Minister George Papandreou’s handling of the country’s fiscal crisis has angered voters, weakening his government as the European Union and International Monetary Fund prepare to impose budget cuts.
Polls this weekend showed two thirds of voters are dissatisfied with his crisis management as they fret about the austerity measures that the IMF and EU will demand in return for 45 billion euros ($60 billion) of rescue funds. Sixty-five percent of those polled by researcher Alco for the Proto Thema newspaper said the government should reject any measures that lead to more reductions in wages and pensions.
“It’s going to get harder and harder to keep people on side,” said Colin Ellis, European economist at Daiwa Capital Europe Ltd. in London. “On the one hand, he’s got the markets baying for blood and the EU and IMF are going to ask for even tougher cuts. On the other hand, he’s facing more and more resistance to reforms at home.”
Papandreou triggered the bailout on April 23 after failing to convince investors that his government could cut its surging budget deficit. Hours after the announcement demonstrators in Athens scuffled with police and attacked stores and banks. Civil servants, whose wages and benefits have already been cut this year, will rally tomorrow after a six-hour walkout by transport workers.
Greece’s biggest union had already threatened a “social storm” over pension changes before the rescue was requested.
IMF Angst
“It’s the IMF, no Greek can be happy about that,” said Christos Hatzianastasiou, 40, a university employee, yesterday. “We could have avoided the IMF but the handling should’ve been different. Pasok said it had a plan and we see that they still don’t have a plan.”
Papandreou’s socialist Pasok party won elections in October by promising to raise wages and step up spending. Within weeks, the new administration revised the 2009 budget deficit to 12.7 percent of GDP, more than twice the shortfall the defeated New Democracy government had revealed. The EU last week revised the deficit to 13.6 percent.
Papandreou inherited “a deficit crisis just like in any other European country, and in the space of a few months created a borrowing crisis that is unparalleled,” said Antonis Samaras, the new leader of center-right New Democracy, yesterday.
Market Rout
The budget revisions sparked a bond-market rout and forced Papandreou to abandon his election platform by raising taxes and cutting salaries, sparking a wave of national strikes. The number of respondents who trust Papandreou’s handling of the crisis has fallen to 47 percent from 55 percent in February, according to a survey of 540 people by Public Issue for Skai radio released April 23.
The extra yield that investors demand to hold Greek 10-year government bonds over their German counterparts has surged around 400 basis points to 559 basis points since October.
Two-thirds of the 1,001 voters polled by the Rass company for To Paron newspaper said the government contributed to the crisis of confidence in the Greek economy and the need to bring in the IMF.
Greeks fear the EU and IMF package will deepen the country’s first recession since 1993. German Chancellor Angela Merkel, who is trying to win an election in North Rhine- Westphalia next month in the face of voter opposition to a Greek bailout, said April 23 that Greece must satisfy “very stringent conditions.”
The economy may shrink 2 percent this year, more than twice the latest government forecast, as austerity measures take hold, the Greek central bank said last month.
No Fear
IMF Managing Director Dominique Strauss-Kahn, who said this weekend that Greeks “shouldn’t fear the IMF,” expects bailout talks to finish “in time” to meet the nation’s needs. Greece has 8.5 billion of bonds maturing May 19.
For now, support for Papandreou’s Pasok party is still stronger than for the opposition New Democracy. The To Paron poll, which was carried out on April 20-22, showed its support at 31 percent, down from 33 percent in March, compared with 23 percent for New Democracy.
Papandreou argues that he had no choice but to ask for a rescue in the face of what he calls a speculative attack by investors, comparing his country’s fate with that of a sinking ship.
“The moment has come for us to gain time, that markets wouldn’t give us,” he said April 23. “It is a need, an imperative and national need.”
Hungary Precedent
The IMF’s most recent involvement in Europe nevertheless highlights the political risks facing Papandreou. In Hungary, the first EU member to turn to the IMF, voters this month ousted the ruling Socialist party two years after they accepted a bailout. Fiscal conditions attached to the $27 billion loan exacerbated the country’s recession as unemployment soared to a record, souring support for the government.
Papandreou claim that “speculators and tax evasion” are to blame for the surge in borrowing costs was backed by just 28 percent of people in the Proto Thema poll. Sixty-five percent of the 1,000 respondents said politicians and the state were responsible for the Greek economy’s condition.
The same proportion think Papandreou was aware of Greece’s true economic condition in advance of the October election, compared with 26 percent who said he wasn’t, according to Proto Thema.
“He’s not so much stuck between a rock and a hard place, as an enormous boulder, and a wall of impenetrable steel,” said Ellis.

break out the shit spraying tractors.