Attachments: EURUSD

EURUSD

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#254,161
Jun 7, 2010 3:33am Jun 7, 2010 3:33am

Atlast
Joined Apr 2009 | Status: Trader | 4,214 Posts

Quoting Trading Cat

Disliked

Ok that makes all good sense to me. I am not very happy with € atm and charts dont look to good either. DAX is very difficult to trade very volatile/unpredictable atm. Didnt trade last week at all as I was sick, so I am feeling the inner urge to trade today very very bad. Hope I can control myself and only trade when its safe and good to do so.

We'll see and wait..here is a public holiday so it could turn out that I will cut my monitor time short and enjoy the warm summer day with my friends in the afternoon again will see how things go...

Ignored

Nice climate here too.
It's good you got over your illness.

I traded the FTSE off chart last week, just tape reading and managed some pips. Amazing how the mind can compute S/R without charts.

#254,162
Jun 7, 2010 3:34am Jun 7, 2010 3:34am

Forexfsa
| Membership Revoked | Joined Feb 2010 | 654 Posts

Hungary govt considering bank tax among options to ease budget pressure – Index website citing unnamed sources

Hungary 5 year credit default swaps rise to 419 bps, up 19 bps from Fridays close.

#254,163
Jun 7, 2010 3:38am Jun 7, 2010 3:38am

Constantinos
| Joined Apr 2010 | Status: Trader | 89 Posts

Quoting poortrader

Disliked

can anyone tell any low spread good broker who accepts payment through visa card

i will be thankful for reply

Ignored

Hi mate,

Tried Saxo bank?

I'm using it for a year now and no problems at all.

#254,164
Jun 7, 2010 3:43am Jun 7, 2010 3:43am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

call me nuts but I will try a small long at 1920 if we get there again tp should be 1983 but will put sl to be asap. Intial SL should be just below 1900 maybe 1890 or so.

Trade on your own risk Plan your trade&trade your plan dont be a

#254,165
Jun 7, 2010 3:54am Jun 7, 2010 3:54am

goldfinger
| Membership Revoked | Joined Oct 2007 | 1,020 Posts

boys are busy printing money to support EURO. I f things go bad to worse then big brother will pump some bucks in.

#254,166
Jun 7, 2010 3:59am Jun 7, 2010 3:59am

Forexfsa
| Membership Revoked | Joined Feb 2010 | 654 Posts

Spanish /german 10 year govt bond yields have spread out to 203 bp which is a eurozne lifetime high

#254,167
Jun 7, 2010 4:00am Jun 7, 2010 4:00am

sdsarmad
| Membership Revoked | Joined Aug 2009 | 91 Posts

The Euro fell once again in Asia opening the week with growing concerns that Europe’s sovereign debt crisis will spread. Equity markets have continued their decline in the Far East following Wall Street’s fall of 3.15% on Friday as investors dump riskier assets and look for safe-haven currencies.
The Euro tumbled to its lowest level since November 2001 against the Yen and a four-year low against the Dollar. The Yen rallied against most other currencies with particular emphasis on the commodity related high-yielder’s like the Australian Dollar. Mounting worries over Hungary, weaker than expected U.S. jobs growth and tumbling commodity prices have all lead to the fall in both the Euro and the stock market.
Also investors have seen the comments from Eurozone policy makers as being limp ahead of this weeks ECB policy meeting. Trichet continued to back the Euro saying it is a strong, credible currency. The EU’s Junker added that he was not worried about the current level of the single currency and that exporters will benefit from the rebalancing. You know the currency is in trouble when officials start taking about how a weak currency is good for exports.
G20 failed to agree on any global bank levy plan and turned its focus from fiscal stimulus to sustainability.
The Euro fell from 1.1966 to 1.1876 before finding some support and rising back to 1.1935 area. The cost of insuring Hungarian debt soared after comments from government officials that previous governments had lied about the state of the finances and could be facing a Greek-style crisis. The Euro hit its lowest level on record against the Swiss Franc diving to 1.3855 area.
The Dollar fell sharply from 92.10 down to 90.98 against the Yen as investors scrambled out of riskier assets which also saw the Nikkei tumble around 3.6% in the late afternoon session.
Sterling benefited from the weaker Euro and traded sideways against the Dollar. Against the single currency the Pound rose to .8241 from .8290 while against the greenback it dipped to 1.4401 before rising back to 1.4460 respectfully. PM Cameron will make a speech today warning of the harshest times ahead for the U.K. economy with the country having to deal with the massive public deficit head on.
The Aussie fell .8230 down to .8097 on equity and commodity falls but managed to rally back to .8171 zone. The Kiwi dived from .6713 down to .6610 while the Canada slipped from 1.0598 to 1.0680 respectfully.
Many officials at G20 commented on the Yuan and how it needs to strengthen.
Data due today:
09.30 GMT – Eurozone Sentix Investor Confidence exp -7.0 for June
11.00 GMT – German Factory Orders exp -0.4% for Apr
11.00 GMT – German Factory Orders YoY exp 25.4% for Apr
20.00 GMT – U.S. Consumer Credit exp -$2.0 Billion for Apr

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#254,168
Jun 7, 2010 4:01am Jun 7, 2010 4:01am

Forexfsa
| Membership Revoked | Joined Feb 2010 | 654 Posts

BERLIN (MNI) – The German Constitutional Court is weighing the
possibility of imposing an interim order against Germany’s participation
in the E750 billion EU/IMF fiscal rescue package, German weekly Der
Spiegel reported Sunday.
The magazine cited a letter from the President of the
Constitutional Court, Andreas Vosskuhle, to, amongst others, the German
government, the European Central Bank and the Bundesbank. The case
involves a lawsuit filed against the rescue package by Peter Gauweiler,
a lawmaker from Chancellor Angela Merkel’s center-right CDU/CSU bloc.
An interim order by the court could temporarily forbid the German
government from mobilizing the loan guarantees proposed under the EU
package, Der Spiegel said. Germany’s share of the EU measures amounts to
up to E148 billion in guarantees.
According to the magazine, the German government in a statement to
the Constitutional Court has warned that an interim order could lead to
“a self-fulfilling expectation of a default” by fiscally ailing EU
member states.
Moreover, the government remarked that the EU rescue package “is
not a legally binding agreement under international law but only a
political declaration of intent.”
In addition to Gauweiler’s lawsuit, three others have been filed at
the Constitutional Court against the rescue package. Another lawsuit is
to be filed next week, the magazine wrote.
http://cdn.forexfactory.com/images/misc/progress.gif

#254,169
Jun 7, 2010 4:02am Jun 7, 2010 4:02am

Forexfsa
| Membership Revoked | Joined Feb 2010 | 654 Posts

http://www.telegraph.co.uk/finance/f...ive-years.html

#254,170
Edited 4:14am Jun 7, 2010 4:02am | Edited 4:14am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Quoting Trading Cat

Disliked

call me nuts but I will try a small long at 1920 if we get there again tp should be 1983 but will put sl to be asap. Intial SL should be just below 1900 maybe 1890 or so.

Ignored

should be ok as price may reach 1.1993/1.2011,now 93 only but expecting it back from 1.1961 to 1.1915 ( now 24 , bo to 1.1889 to support 1.1879 before that .
h1 in bull rally but H4 & daily bear .1.1920 below H1 bull be cancel.
fontu

Attached Image

Not understand?better not follow my analyses!doubt clearer first, risks ++

#254,171
Jun 7, 2010 4:04am Jun 7, 2010 4:04am

sdsarmad
| Membership Revoked | Joined Aug 2009 | 91 Posts

EUR.. There is major support seen at 1.1825/45 and that looks likely to be tested soon. Below 1.1815 can see another drop to 1.1710 area. The 2005 low of 1.1640 maybe the magnet that this move is being attracted to. Offers start at 1.1955 but above 1.1565 may see a rise to 1.2020 zone. Small stops at 1.2030 can see 1.2075 again but above 1.2085 may trigger a spike to 1.2170 region.

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#254,172
Jun 7, 2010 4:05am Jun 7, 2010 4:05am

Forexfsa
| Membership Revoked | Joined Feb 2010 | 654 Posts

Quoting Forexfsa

Disliked

BERLIN (MNI) – The German Constitutional Court is weighing the
possibility of imposing an interim order against Germany’s participation
in the E750 billion EU/IMF fiscal rescue package, German weekly Der
Spiegel reported Sunday....

Ignored

Man imagine what will happen if germany pulls the plug on Greece bailout...

#254,173
Jun 7, 2010 4:06am Jun 7, 2010 4:06am

profxtrader
Joined Jan 2009 | Status: Trader | 885 Posts

Quoting Forexfsa

Disliked

Man imagine what will happen if germany pulls the plug on Greece bailout...

Ignored

Skydiver with a parachute malfunction is the image that comes to mind.

Every time you use 'hopium' in a post, God kills a kitten.

#254,174
Jun 7, 2010 4:09am Jun 7, 2010 4:09am

Naseri13
Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts

eurusd price will close above 11952.
buy below this and buy another if decline

A little beginner trader since 2006

#254,175
Jun 7, 2010 4:10am Jun 7, 2010 4:10am

sdsarmad
| Membership Revoked | Joined Aug 2009 | 91 Posts

EURUSD Monthly Chart

Attached Image (click to enlarge)

Click to Enlarge

Name: EU.png
Size: 130 KB

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#254,176
Jun 7, 2010 4:10am Jun 7, 2010 4:10am

Trading Cat
Joined Oct 2008 | Status: Trader | 3,473 Posts

Quoting fontu

Disliked

should be ok as price may reach 1.1993/1.2011 but expecting it back from 1.1961 to 1.1915 , bo to 1.1889 to support 1.1879 before that .
h1 in bull rally but H4 & daily bear .1.1920 below H1 bull be cancel.
fontu

Ignored

thanx fontu also have a triangle on the 5min chart which could be good to trade.. right now approaching upper tl not reached yet. Also upwards channel so lots of decisions to be made soon....