EURUSD | Page 12489 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #249,761
  • May 29, 2010 2:33pm May 29, 2010 2:33pm
Just a add for the day , as seeing the calender this week .
Lots of eur,gbp, aud , cad news specially . Boc , rba rates included ( also talks of gbp rates hikes too ) & perhaps most expected positive so far and act as against dollar as currency while monday US bank holiday , tuesday important one ISM Manufacturing PMI,
wednesday important Pending Home Sales m/m> can be surprise fall as federal tax credit for homebuying expires though previuosly hike due it /false may be ,thursday & friday full of important ones US side .

So till thursday usd may not up as currency . just a thought.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #249,762
  • May 29, 2010 2:38pm May 29, 2010 2:38pm
Quoting The Fool
Exactly. Because the comparison can not be made. There is no "level playing field" to play that game on because the USD is the world's reserve currency. Which makes the USA and the Fed, specifically, the world's banker. I am not expressing a USA! USA! jingoistic sentiment here, just a fact.

Remember (jeez) just a few months ago it seems - all the talk of replacing the USD reserve status with something else, gold, a basket of currencies - including the yuan, etc, etc? Do you hear that tune anymore now? No.

So does any of this help you...


The difference between the US Dollar and the Euro is about as wide as the Atlantic ocean. European countries' cultures are too different from one another and putting them under the same economic umbrella was doomed from the start.
  • #249,763
  • May 29, 2010 2:48pm May 29, 2010 2:48pm
Looks like a descending triangle on the 2 hour chart. "Conventional wisdom" I suppose will tell us that the price should have a downside breakout. But in this case I think if lots of people are short, then they will get caught with their pants down if there is a signal failure, in other words, if the price makes an upside breakout, it might start a new uptrend. Kind of weird to ponder. Heheh.
Attached Image
  • #249,764
  • May 29, 2010 2:52pm May 29, 2010 2:52pm
(good for me)
http://img192.imageshack.us/img192/7...ekendrates.jpg

Uploaded with ImageShack.us
Greetings, BeLikewater
  • #249,765
  • May 29, 2010 3:06pm May 29, 2010 3:06pm
Quoting AmeriTrini
I can't believe you all still compare a useless piece of land like Greece to the United States............I'll say it once, Greece can fall and no one would give a rat's ass...........let the U.S.A fall and see what happens to the world.
Compare 3000 years of overcoming human nature to 200 years of succumbing to it. You asked for it.
  • #249,766
  • May 29, 2010 3:11pm May 29, 2010 3:11pm
Quoting ak4x
Whatever... I get so weary of all this ridiculous comparison to other nations no matter who they are.

One solution maybe.... America stays home the next time the world is getting thrashed by Fire, Flood, Tsunami, Earthquake, Uprising, Revolt, Genocide, Oppresion, Etc ad nauseum, and put those funds into solving our very real problems at Home instead of bailing all the naysayers and critics out.

Just being fascetious of course, but I still get weary of this crap.
The only problem is that they have been magnanimous with everyone else's money since they had none of their own to spend.

I can be very generous with your money also.
  • #249,767
  • May 29, 2010 3:14pm May 29, 2010 3:14pm
Quoting fontu
Thanks, well said , it is almost there , true . trend remain fully bear , true and anything market can do without any care to anybody even biggest, true .

Everybody has his own way of reading charts & interpretation ways too , same chart ,same indicators but perception different.
Mine also , though in a down trend there were indications of temporary changes where I just assume as per my conception so far that a retracement was very due & stepped in actually , price duly flat , still in , the required retracements not happened any or if very negligible...
Hi Bro,

You are always polite in answering which i appreciate on you, even some divergence of point of view could happen.

Frankly said, i do not trade economic data, news, economic situation. When i did it, i loose money. I trade only charts and i hate a broker giving me flash of news or his opinion (support broken, data..etc), that's disturb me very highly and i take some times to come back at my original concentration. For me, news explain very late what charts would tell to me what could happen.

Mysteries of correlation, gold, euro, and dollar and general situation are difficult to manage together. These last weeks, EU was in perfect correlation with S&P 500. I was trading it in coordination of what i see what S&P 500 could made. Middle of this week, EU took only positive advance from S&P but not following when it falls. Yesterday, correlation was almost perfectly. AUD/JPY was so, but yesterday, it did not follow EU so much when it falls. What i can said about gold that it faces some difficulties to touch the big resistance of 1258.5 level. Looks like that it will do and having enough force to do it, but it will fall sharply after. Timing with resistance could push at that level very soon. Means at that time, normaly, EU will fall at its lower level 1.17, 1.16 (in where a i have very nice pending orders). If gold cross that level and continue to higher (which in myho will be difficult to have without a good retrace) EURO is in very very bad situation. If gold could pass through 1041 zone in retrace, that means that EU had already passed 1.214 and we could expect a very good retrace to 1.34. The divergence with that analysis is that if EU will go to 1.17/ 1.16 level and after come back over 1.214, EU will be in a weak position for a long time.

The funny in the story, that actual gold chart, remember me the same chart of EU when it was at 1.51 level.

What push me to analyse in saturday night, if trading is not in my mind day and night lol !!
No Signal, No Trade. No fundamenals, No headache.
  • #249,768
  • May 29, 2010 3:25pm May 29, 2010 3:25pm
Quoting BeLikeWater
(good for me)
http://img192.imageshack.us/img192/7...ekendrates.jpg

Uploaded with ImageShack.us
how do you check prices at weekends mate?
  • #249,769
  • May 29, 2010 3:47pm May 29, 2010 3:47pm
Quoting glopfel
how do you check prices at weekends mate?
xe.com is one way
  • #249,770
  • May 29, 2010 3:57pm May 29, 2010 3:57pm
Quoting uraceulose
xe.com is one way
are these guys accurate?
  • #249,771
  • May 29, 2010 4:01pm May 29, 2010 4:01pm
Here's another way to check prices over the weekend. EU shows +50pips up

http://www.fxstreet.com/rates-charts...tes/?default=y

i dont trust xe.com. its just a currency converter, and update slowly.
  • #249,772
  • May 29, 2010 4:03pm May 29, 2010 4:03pm
The euro end of the curreny discussion has happened before!, And the eu was at a much lower level, then the currency didn't die, it rebounded.
Like I said back in 2009. looking for a drop back to the pre Bush levels, but won't count out the eu as dead unless we surpass those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: End of the euro.jpg Size: 66 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #249,773
  • May 29, 2010 4:05pm May 29, 2010 4:05pm
Quoting BeLikeWater
(good for me)
http://img192.imageshack.us/img192/7...ekendrates.jpg

Uploaded with ImageShack.us
Every weekend someone posts this stuff, and 99% of the time on the Sunday open, it's little or no change. Look at the rates now.
Every time you use 'hopium' in a post, God kills a kitten.
  • #249,774
  • May 29, 2010 4:19pm May 29, 2010 4:19pm
Quoting profxtrader
Every weekend someone posts this stuff, and 99% of the time on the Sunday open, it's little or no change. Look at the rates now.
Are you sure its 99%? I think it is 99.2%
Greetings, BeLikewater
  • #249,775
  • May 29, 2010 4:23pm May 29, 2010 4:23pm
Quoting witsnpips
ok look guys, there are some similarities between greece and the US, but obviously there are major differences, one of which is that the US is the world's only superpower.
Here is great Article with many points of view about that:

Does U.S. Have A 'Greece Problem'?

http://www.rttnews.com/ArticleView.a...0000&pageNum=1

"Put simply, the United States could let its growth do the work in bringing down its substantial budget deficit - Greece can't. Instead, Athens has to rely on draconian spending cuts and higher taxation to beef up its coffers in the coming years - a daunting task which may not sit too well with the common worker (as deadly riots in the streets of the capital have so painfully illustrated).

In any case, if worse comes to worst and the U.S. recovery somehow loses its footing, the federal government still has its currency to fall back on. The government could just devalue the dollar, by say 20 per cent, and export its way back to growth. Its also a fact that the United States technically cannot default on its debt unless it politically wills itself to do so - the Federal Reserve could just print the dollars to meet its debt obligations (although this would have damaging consequences for the currency)."
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #249,776
  • May 29, 2010 5:27pm May 29, 2010 5:27pm
Quoting SkyzerFX
Here is great Article with many points of view about that:

Does U.S. Have A 'Greece Problem'?

http://www.rttnews.com/ArticleView.a...0000&pageNum=1

"Put simply, the United States could let its growth do the work in...
On top of that people forget the fact that the Greeks have their debt in a foreign currency which is not the case here in the US.

When you control the currency your debt is based on, you can do anything.
  • #249,777
  • May 29, 2010 5:36pm May 29, 2010 5:36pm
Quoting Honored

i dont trust xe.com. its just a currency converter, and update slowly.
that's what I was thinking, which is why i asked.
  • #249,778
  • May 29, 2010 5:57pm May 29, 2010 5:57pm
Kindly do consider this idea ...

http://www.forexfactory.com/showpost...&postcount=410

Cheers
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #249,779
  • May 29, 2010 6:06pm May 29, 2010 6:06pm
Quoting BeLikeWater
Are you sure its 99%? I think it is 99.2%
Could be.
Every time you use 'hopium' in a post, God kills a kitten.
  • #249,780
  • May 29, 2010 6:12pm May 29, 2010 6:12pm
Quoting kill56
1BB

still up was a nice day i think we are back to the old range all the move up was fake from the big azz's we will see new lows next week on both gu and fiber nothing can prevent the eur from visiting the 18000 might be wrong
Quoting kill56
man look at the monthly
Dude,
I am a Daytrader like the most of guys here.
monthly charts for me, is just to check the trend, that everyone know is DOWN.
from now to next month I will open and close my position 200 times. so
avoid feeling of financial terrorism because you dont know what they are discussing in this weekend and you dont know what they can do on monday and also you have no evidence of any of those things that you are talking about.
lets wait the things happen at first.
maybe it is going a little up before break support @1.21
no offense, and hope all of us have a nice green pips next week.
358 traders viewing now, 2 are registered:
macd12
,
F.g