EURUSD | Page 13746 | 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

  • #274,901
  • Jul 25, 2010 6:38pm Jul 25, 2010 6:38pm
Quoting forexings
May be but last day NY/London and today Tokyo up with bullish trend.

Yeah could be, I'd give it a week or two though. Probably gonna be a lot of fake outs and BS before people show their real hands. I find it hard to believe people are buying into all the crap Europe is feeding them. I could be wrong and things might actually be better than everybody expected, but just the way they are going about it tells me something is up.
  • #274,902
  • Jul 25, 2010 6:42pm Jul 25, 2010 6:42pm
Quoting Awesome
Yeah could be, I'd give it a week or two though. Probably gonna be a lot of fake outs and BS before people show their real hands. I find it hard to believe people are buying into all the crap Europe is feeding them. I could be wrong and things might actually be better than everybody expected, but just the way they are going about it tells me something is up.
might be faster than you think.....
  • #274,903
  • Jul 25, 2010 6:46pm Jul 25, 2010 6:46pm
Quoting mfoste1
might be faster than you think.....

The sooner the better, I'll be here to place my trades after the dust settles .
  • #274,904
  • Jul 25, 2010 6:46pm Jul 25, 2010 6:46pm
Quoting forexings
........ Tokyo up with bullish trend.
They are always late to the party.

But oh boy they are really bullish. Nikkei at 9430 and just a few months ago it was at 11400
  • #274,905
  • Jul 25, 2010 6:47pm Jul 25, 2010 6:47pm
Quoting mfoste1
ohh beware, resistance is there.......


http://www.forexfactory.com/showpost...stcount=274332
You are ignoring fundamental analysis?
If bull can catch 3050 today traders may think it is stress test reaction and that test wasn't suspicious.
So your technical resistance is nothing once bull can restore confidence to go above.
You cannot learn better without losing
  • #274,906
  • Jul 25, 2010 6:51pm Jul 25, 2010 6:51pm
Quoting SunTrader
Nikkei at 9430 and just a few months ago it was at 11400
+123 not bad for slow asian market
You cannot learn better without losing
  • #274,907
  • Jul 25, 2010 6:53pm Jul 25, 2010 6:53pm
Hi

on an intraday basis, GBPUSD mirrors the price action of EURUSD for a lot of the time.

When EURUSD begins to rise, GBPUSD follows. When EURUSD pauses, so does GBPUSD, etc. etc.
  • #274,908
  • Jul 25, 2010 7:04pm Jul 25, 2010 7:04pm
Heavy resistance was seen just after 1.31 and since then we are digging out of that hole. I don't buy a bullish trend till at least 1.3150..
  • #274,909
  • Jul 25, 2010 7:09pm Jul 25, 2010 7:09pm
But i cannot trust on that test.
Few days back it was very effective crisis over EU but just 7 banks failed to pass stress test out of 91?
If banks bought & held euro to pass the test, within this week bear should back because EU bank will reduce buying euro from now.
Else continuous bull action will impress traders to go with bull.
You cannot learn better without losing
  • #274,910
  • Jul 25, 2010 7:24pm Jul 25, 2010 7:24pm
i think he wont mind, since it's good news....
Chicky is back!
i think i'm 1 of those who PM'ed him... & i got the good news a few hours ago.

i think he frequents this thread, so just an FYI for those who know him & have wondered about his state.
  • #274,911
  • Jul 25, 2010 7:24pm Jul 25, 2010 7:24pm
Quoting forexings
But i cannot trust on that test.
Few days back it was very effective crisis over EU but just 7 banks failed to pass stress test out of 91?
If banks bought & held euro to pass the test, within this week bear should back because EU bank will reduce buying euro from now.
Else continuous bull action will impress traders to go with bull.

I don't think it was banks buying euro to pass test. Whoever has been buying the euro has been doing it with the sole intention of strengthening the euro. Look at your charts and how the price jumps every time the euro starts to get a little weak. If you're a bank you would let that weakness play out so you can buy cheaper. Same with funds and such trying to accumulate. So you have to ask yourself, who would benefit from a strengthening euro so much that its worth the cost of propping it up?
  • #274,912
  • Jul 25, 2010 7:28pm Jul 25, 2010 7:28pm
Quoting Awesome
I don't think it was banks buying euro to pass test. Whoever has been buying the euro has been doing it with the sole intention of strengthening the euro. Look at your charts and how the price jumps every time the euro starts to get a little weak. If you're a bank you would let that weakness play out so you can buy cheaper. Same with funds and such trying to accumulate. So you have to ask yourself, who would benefit from a strengthening euro so much that its worth the cost of propping it up?
May be banks had not enough time to wait more.
Or this is SNB/China/ECB black hand
You cannot learn better without losing
  • #274,913
  • Jul 25, 2010 7:32pm Jul 25, 2010 7:32pm
Quoting Awesome
I don't think it was banks buying euro to pass test. Whoever has been buying the euro has been doing it with the sole intention of strengthening the euro. Look at your charts and how the price jumps every time the euro starts to get a little weak. If you're a bank you would let that weakness play out so you can buy cheaper. Same with funds and such trying to accumulate. So you have to ask yourself, who would benefit from a strengthening euro so much that its worth the cost of propping it up?
China has been buying Euro and Yen for the last two weeks, don't know if they will this week too. They need a strong € to remain competitive on products prices.
  • #274,914
  • Jul 25, 2010 7:34pm Jul 25, 2010 7:34pm
Quoting forexings
May be banks had not enough time to wait more.
Or this is ECB black hand

Yeah, I don't really have the answer. US seems to have quite a bit to gain from a weaker dollar. Obama seems to have his mind set on increasing exports and weaker dollar = stronger markets = better economy. If I'm Trichet I'd be in favor of a controlled drop of the euro.
  • #274,915
  • Jul 25, 2010 7:42pm Jul 25, 2010 7:42pm
Quoting Awesome
Yeah, I don't really have the answer. US seems to have quite a bit to gain from a weaker dollar. Obama seems to have his mind set on increasing exports and weaker dollar = stronger markets = better economy. If I'm Trichet I'd be in favor of a controlled drop of the euro.
For many merchandise US depends on foreign countries. So dollar weakness will hardly react on imports.
You cannot learn better without losing
  • #274,916
  • Jul 25, 2010 7:53pm Jul 25, 2010 7:53pm
Quoting Awesome
Yeah, I don't really have the answer. US seems to have quite a bit to gain from a weaker dollar. Obama seems to have his mind set on increasing exports and weaker dollar = stronger markets = better economy. If I'm Trichet I'd be in favor of a controlled drop of the euro.
If the Euro is dropping how is the $ going to get weak?
  • #274,917
  • Jul 25, 2010 8:00pm Jul 25, 2010 8:00pm
Quoting AmeriTrini
If the Euro is dropping how is the $ going to get weak?

Where did I say this? I said somebody is trying to prop the euro up and not sure who this is but US has much to gain by weaker dollar. This would imply that a stronger euro (propping up euro) = weaker dollar.

The part where I said I would favor a controlled drop in euro if I were Trichet was separate from the point I was trying to make. Maybe this is what made this confusing.
  • #274,918
  • Jul 25, 2010 8:04pm Jul 25, 2010 8:04pm
Quoting automated
Hi

on an intraday basis, GBPUSD mirrors the price action of EURUSD for a lot of the time.

When EURUSD begins to rise, GBPUSD follows. When EURUSD pauses, so does GBPUSD, etc. etc.
Although you are correct that they follow each other to a certain extent it is only for a period of time and then like all good things comes to an end, in not a pretty fashion.


But also consider the following percentage-based chart for the previous 24 hours going back to Friday. It shows GU up 1.2% and EU 0.2%.

So sometimes things aren't always what they seem.
Attached Image (click to enlarge)
Click to Enlarge Name: EUGU.png Size: 206 KB
  • #274,919
  • Jul 25, 2010 8:13pm Jul 25, 2010 8:13pm
Quoting Awesome
Yeah, I don't really have the answer. US seems to have quite a bit to gain from a weaker dollar. Obama seems to have his mind set on increasing exports and weaker dollar = stronger markets = better economy. If I'm Trichet I'd be in favor of a controlled drop of the euro.
In 2009 US export:$1.057 trillion and import: $1.558 trillion
So better dollar value good for US economy
You cannot learn better without losing
  • #274,920
  • Jul 25, 2010 8:22pm Jul 25, 2010 8:22pm
Quoting forexings
In 2009 US export:$1.057 trillion and import: $1.558 trillion
So better dollar value good for US economy

I'm just talking in theory. All else equal, if you have a weaker dollar your products are going to be more competitive i.e., exporters in the US want a weaker dollar. In addition, if dollar is weaker, all else equal, stocks and commodities gain. Obviously there are many other factors in play. Also not quite sure what your comparing those number to.
320 traders viewing now