EURUSD

this is the reason via gain capital

German chancelleor merkel on the wire euro at risk shocks market http://cdn.forexfactory.com/images/misc/progress.gif

EURO-DOLLAR: Covers back react losses, the rate dropping from around the
current level of $1.2195 to $1.2144, just shy of the Asian low at
$1.2143. Rate currently trades around $1.2190.

Provided by: Market News International

This just really pissed me off now again all my work is screwed, start all over again how annoying thoise market conditions are not good for me. No loss but also no profit....

Trading cat, I found out the market is quite different today. It seems to me that the most profitable trade is staying sideline. And yes I cannot read where is wanna go too.

LOL Oanda was 3pips spread. wtf....

Merkel says european uinion faces EXISTENTIAL RISK

Wow it's amazing how blind the Europeans are. It's not the speculators that are causing their woe's it's Europes inability to react as a cohesive whole.

We just share the coin, thats all

She is playing Politics today. She needs to get support for the bailout and needs to look tough on speculation.

She has a point though, people really picking on the eurozone big style when the rest of the world is pretty messed up, seems a bit disproportionate.

but its easy to blame the bs on speculators^^

speaking about yourself? or its just your hobby to generalise ??? I am a European and I am not blind 100% Also when looking at your profile UK, isnt that Europe too???? Then again what do I know

Greece's woes to spread, says 'Dr Doom' Nouriel Roubini

 

1. From: AFP
2. May 19, 2010 10:15AM

GREECE'S woes may be the start of a widening sovereign debt crisis that could tear through developed economies, including Japan and the United States, leading economist Nouriel Roubini has warned.

"What's happening in Greece is just the tip of an iceberg of a broader range of sovereign debt issues, of deficit, in many advanced economies,'' said Dr Roubini, known as 'Dr Doom' for being one of the few experts who predicted the financial crisis
The new crisis could occur "not just in the eurozone but UK, US, or Japan,'' he said overnight.
Dr Roubini, speaking at a London School of Economics conference, said there was an "economic recovery, but in many ways countries have not answered the real problem.
"The next stage of the crisis could be a sovereign debt crisis that could lead to a double-dip recession.''
He reiterated his view that "there is a possibility of a break-up of the monetary union''.


"One or more countries of the eurozone could default,'' said the New York University professor.
"Some of the weaker members of the monetary union might decide they'll be better off exiting.''
Greece has been forced to promise deep public spending cuts in return for a huge bailout from the European Union and International Monetary Fund to keep its debt-stricken economy afloat.
The austerity cuts have met with fierce public opposition and triggered a wave of strikes and protests.

My little country Estonia wants from january 1 2011 go with Euro

right now is Estonian Krone

is this danger?

Looks like a poker Wednesday on Forex, swings are a bit somewhat not guessable.

after that...who the hell knows where this is going?

Merkel calls for orderly default possibility euro area

sleep time, gonna wait and c if this settles down a bit. PO's set

ECB'S MERKEL: Calls for "orderly" default possibility in euro area.

Read more: Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz0oMHpv6iS

You mean that huge meeting soros had with his buddies back in March was nothing to get the ball rolling shorting the euro? Of course the EU has many fiscal issues but the hedge funds were putting a " one way bet" on this happening and it has snowballed.

Maybe deserved, maybe not.

is anyone in a trade? this is crazy

I'm waiting. hehe

Yes scalping shorts only , expect it go 1.2234 & up & at the same time also below 1.2162 & any up short , cover few pips close & wait up & short & go on , no wait ,no target ,just want profit for now only.
fontu