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EURUSD

  • #274,701
  • Jul 23, 2010 11:58am Jul 23, 2010 11:58am
they are reading it again, just to make sure LOL
dreams do come true.
  • #274,702
  • Jul 23, 2010 11:59am Jul 23, 2010 11:59am
Quoting bbakker
Nobody seems to be convinced by anything at the moment.

Long-term chart says down. We have had the correction, time for it to continue the bear run, although it is being stubborn. A break of ~1.2730 should confirm this.
yea def agree......the hype was built up for 2 weeks, and wasnt followed through on "great news" today, if it did this would be over 30 atm and close over 30 for the week.....its simple, markets are gonna call bigtime bullshit next week on this pair.
  • #274,703
  • Jul 23, 2010 11:59am Jul 23, 2010 11:59am
Quoting mfoste1
liquidity is thin right now........spikes can happen be careful
I remember reading somewhere about the "spikes" around news times.

It stated it was definitely a liquidity issue because banks are pulling their orders around major news. Once their orders are pulled, price just bounces to the orders left out there brave enough to absorb the news. And that creates the spike.

There's no way in h*** your broker moved the market 100 pips to "stop hunt".
  • #274,704
  • Jul 23, 2010 12:01pm Jul 23, 2010 12:01pm
Bear just stupid. nothing else.
Check their action. Pinched the support line before hourly candlestick close and being punished
You cannot learn better without losing
  • #274,705
  • Jul 23, 2010 12:02pm Jul 23, 2010 12:02pm
For those who are interested in reading fundamentals. Here is the official report.

sisse
Attached File(s)
File Type: pdf Summaryreport.pdf   441 KB | 796 downloads
Pending conversations? PM for a chat...I am mainly in OTM now
  • #274,706
  • Jul 23, 2010 12:02pm Jul 23, 2010 12:02pm
Quoting fontu
Its ok , news come , news go & over & out . pa still there though started prematurely & any of lines came yet .
fontu
88 banks passed only 7 not passed but i am surprise why it went down it was a same situation as it happen before with US stress test that bank has passed but dollar was fell for next few months...but looking eu on 31 by next week before a big drop what do you say

Ub
  • #274,707
  • Jul 23, 2010 12:05pm Jul 23, 2010 12:05pm
Quoting TheGrind
I remember reading somewhere about the "spikes" around news times.

It stated it was definitely a liquidity issue because banks are pulling their orders around major news. Once their orders are pulled, price just bounces to the orders left out there brave enough to absorb the news. And that creates the spike.

There's no way in h*** your broker moved the market 100 pips to "stop hunt".
Correctamundo! The smart money leaves the market before the major news events!

BTW, mfoste1 was not referring to stop hunts at all! He stated what you repeated. Thin liquidity because the smart money left the market!
  • #274,708
  • Jul 23, 2010 12:07pm Jul 23, 2010 12:07pm
Quoting ubaidahsan
88 banks passed only 7 not passed but i am surprise why it went down it was a same situation as it happen before with US stress test that bank has passed but dollar was fell for next few months...but looking eu on 31 by next week before a big drop what do you say

Ub
Because this is suspicious test. Who can imagine after a huge blow, out of 91 just 7 banks failed?
You cannot learn better without losing
  • #274,709
  • Jul 23, 2010 12:14pm Jul 23, 2010 12:14pm
Quoting PipMaxzz
I agree... but I am not sure why EU went up till 1.3 last week. anyway i am keeping my money by not trading
I agree, the week is about over and how much does one realy have to gain?

I'd give at least a weekend because I am sure more will come out over the weekend.
  • #274,710
  • Jul 23, 2010 12:14pm Jul 23, 2010 12:14pm
why is the euro strengthening?
  • #274,711
  • Jul 23, 2010 12:15pm Jul 23, 2010 12:15pm
Quoting forexings
Because this is suspicious test. Who can imagine after a huge blow, out of 91 just 7 banks failed?
you are right but there is something hidden which will come out on any major point and then EU will drop like a hell hahaha because it is impossible that EU zone was in crisis and only 7 bank infected its impossible


Ub
  • #274,712
  • Jul 23, 2010 12:15pm Jul 23, 2010 12:15pm
It's hapenning now:

Press conference underway

Written by Jamie Coleman
July 23, 2010 at 17:10 GMT

A scintillating press conference from CEB headquarters in London is underway. Click here and scroll down to watch.

www.forexlive.com
  • #274,713
  • Jul 23, 2010 12:16pm Jul 23, 2010 12:16pm
Quoting forexings
Because this is suspicious test. Who can imagine after a huge blow, out of 91 just 7 banks failed?
Proper bank management
  • #274,714
  • Jul 23, 2010 12:17pm Jul 23, 2010 12:17pm
Quoting bbakker
Nobody seems to be convinced by anything at the moment.

Long-term chart says down. We have had the correction, time for it to continue the bear run, although it is being stubborn. A break of ~1.2730 should confirm this.
to pass the test the banks are holding more cash. holding more cash drys up liquidity. less lending etc. for business. so the banks pass and euro gains strength. at a time when liquidity is tightened. we still got a train wreck ahead. its just further in the future. in 2008 liquidity dried up. then we got here.
those who can, do. those who cant, talk about those who can
  • #274,715
  • Jul 23, 2010 12:19pm Jul 23, 2010 12:19pm
Quoting Freddyfx
Proper bank management
With valueless euro?
You cannot learn better without losing
  • #274,716
  • Jul 23, 2010 12:22pm Jul 23, 2010 12:22pm
Quoting forexings
Because this is suspicious test. Who can imagine after a huge blow, out of 91 just 7 banks failed?
Hpotheticaly, If 20 + failed it would never make the public. Heard a guy say something along those lines because it would send the Euro zone into a depression.

It is not that I think anything close to that is possible but I do think they will underestimate problems, now matter how minor they might turn out to be.
  • #274,717
  • Jul 23, 2010 12:24pm Jul 23, 2010 12:24pm
Quoting Mr Bull
It's hapenning now:

Press conference underway

Written by Jamie Coleman
July 23, 2010 at 17:10 GMT

A scintillating press conference from CEB headquarters in London is underway. Click here[color=black] and...
Nice find! They categorically state that they didn't include sovereign debt, because European countries will not default on their debt. My money is on Greece defaulting in 2012/13.
  • #274,718
  • Jul 23, 2010 12:26pm Jul 23, 2010 12:26pm
Quoting ubaidahsan
88 banks passed only 7 not passed but i am surprise why it went down it was a same situation as it happen before with US stress test that bank has passed but dollar was fell for next few months...but looking eu on 31 by next week before a big drop what do you say

Ub
Forget about stress test now , passed means passed , investors should be assured as per intention & now normal pa do whatever , they are ready for any action. I also think very big fall only after this reaction caeses with time at the top only. waiting break 2950 to show eur bull as very strong with or without reaching the levels down expected at 2753 or 2726 as not allowing to fall 1.2522 now perhaps .
HS invetered now can play 247 pips from 2946 validation level.

So medium term bull still intact & healthy & should continue till reach the end to start big down , they signal very ready for parity or low .
Longs will remain weekend as open .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #274,719
  • Jul 23, 2010 12:30pm Jul 23, 2010 12:30pm
Quoting fontu
Its ok , news come , news go & over & out . pa still there though started prematurely & any of lines came yet .
fontu
yeah, that's my view btw
Attached Image (click to enlarge)
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No crystal ball. I read the cards.
  • #274,720
  • Jul 23, 2010 12:34pm Jul 23, 2010 12:34pm
Quoting gatorinla
to pass the test the banks are holding more cash. holding more cash drys up liquidity. less lending etc. for business. so the banks pass and euro gains strength. at a time when liquidity is tightened. we still got a train wreck ahead. its just further in the future. in 2008 liquidity dried up. then we got here.
Test is over, now banks have to do business with their holding cash. They have to release euro so why not we expect bear? But bear technically failing in every attempt. Still buying euro.

ECB done a good job. Offered a lending package with lowest interest rate. After that stress test. Nice trick! lol

Banking sector wasn't european problem but debt crisis.
You cannot learn better without losing
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