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EURUSD

  • #275,001
  • Jul 26, 2010 6:35am Jul 26, 2010 6:35am
something to think about......

http://www.forexlive.com/121366/all/in-case-i-forget
  • #275,002
  • Jul 26, 2010 6:37am Jul 26, 2010 6:37am
I don't see how New Home sales data could be good seeing as unemployment is at an all time high. Middle class America is flat broke and everyone from rich to poor is in "money saving mode". Everyones tax bill is expected to to increase hugely next year and raw material (which affect homes builders directly) expected to be overly expensive for the next 10 years. Taxes and cost of living on the rise while salaries are expected to stay the same over the next 18 quarters.
  • #275,003
  • Jul 26, 2010 6:46am Jul 26, 2010 6:46am
Quoting Rabax
Better than expected - > economy does better - > stocks & investments go up - > demand for USD is smaller - > "higher risk assets" are more attractive, money channeling elsewhere...

Worse - > stock sell-off due to prolonged economic recovery - > USD is the safest currency if you want to stay "in cash" - > USD gains.
Does the same logic applies to other major currencies or this is a special case because of US$ is a major reserve currency?
  • #275,004
  • Jul 26, 2010 6:46am Jul 26, 2010 6:46am
Bear loosing ground. Where is bear?
You cannot learn better without losing
  • #275,005
  • Jul 26, 2010 6:48am Jul 26, 2010 6:48am
Quoting forexings
Bear loosing ground. Where is bear?
shhhhhh... dont wake the bears up
If only,.....
  • #275,006
  • Jul 26, 2010 6:53am Jul 26, 2010 6:53am
Quoting mfoste1
waiting for new home sales.......if they are better than expected, i wanna see a clean break of the dotted blue tl, then entry on retrace. Bounced off wkly pivot, target R1 @ 3050.
Me too waiting it go to 1.3014/23 to clear smaller swing from the back & to have perhaps another swing down towards 1.29 before try up for 1.3204 or down ?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #275,007
  • Jul 26, 2010 6:56am Jul 26, 2010 6:56am
Please don't wake the bears up.. I am in long at 1.2889

Quoting forexings
Bear loosing ground. Where is bear?
  • #275,008
  • Jul 26, 2010 6:56am Jul 26, 2010 6:56am
Quoting Jhig
I don't see how New Home sales data could be good seeing as unemployment is at an all time high. Middle class America is flat broke and everyone from rich to poor is in "money saving mode". Everyones tax bill is expected to to increase hugely next year and raw material (which affect homes builders directly) expected to be overly expensive for the next 10 years. Taxes and cost of living on the rise while salaries are expected to stay the same over the next 18 quarters.
something else to think about is. all you said plus sub prime is not over. lots of europes brokers, banks, and muni bond investments are still u.s. subprime. held by european small govs/cities/retirements. some of these subprimes have yet to crash. the european banks dont just have the chance of European governments default/exposure. U.S. housing can still pressure Europe. then with every action there is a reaction. european banks passing stress test just means they pulled liquidity out of Europe to strengthen their books. them pulling was more then likely the reason for euro recent rise. but the 2008 fall was do to lack of liquidity. the banks have liquidity this time. but nobody else does. but even with liquidity that the banks have, the new rules may not allow them to use it.

we are no safer now then July 2008. probably worse off. party hats are being put on prematurely.. we aint out the woods yet.
those who can, do. those who cant, talk about those who can
  • #275,009
  • Jul 26, 2010 6:57am Jul 26, 2010 6:57am
The truth is the pair can go anywhere. I believe tisk appetite and usd strenght "theories" for a good number apply. It's been plenty of times that it trades "against the logic" that good data i good for currency. In this case, forecasted number is @317. But I think that in order to see some USD bulls the number has to be way bigger than this. Remember last reading was 300k and the one before that 504!!!
EYES WIDE OPEN, usd could be trade in both ways!
My two cents.
  • #275,010
  • Jul 26, 2010 6:58am Jul 26, 2010 6:58am
Quoting forexings
Bear loosing ground. Where is bear?
As the bull still to off the ground bear equally present in every swing ,so those bear getting equal pips with bulls .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #275,011
  • Jul 26, 2010 6:59am Jul 26, 2010 6:59am
Quoting gatorinla
something else to think about is. all you said plus sub prime is not over. lots of europes brokers, banks, and muni bond investments are still u.s. subprime....
Sir Isaac Newton said that centuries ago...
If only,.....
  • #275,012
  • Jul 26, 2010 7:02am Jul 26, 2010 7:02am
good news for USD not reflected on chart... damn risk appetite!
  • #275,013
  • Jul 26, 2010 7:05am Jul 26, 2010 7:05am
Quoting EasyTrader
Good day folks

Doesn't seem to be any action so far...

Hope to see some movement with the news @ 14:00 GMT.

Here it is:

Attachment

Pair to trade: EURJPY

Trigger: Buy if 350+
Sell if 270-

Happy pippin
Triggers were not met...but I took a trade ANYWAYS. Bought @ 112.83... TP @ 113.03 for 20 PIPS.


Like taking candy from a child... LOL
  • #275,014
  • Jul 26, 2010 7:07am Jul 26, 2010 7:07am
Quoting maurofx
The truth is the pair can go anywhere. I believe tisk appetite and usd strenght "theories" for a good number apply. It's been plenty of times that it trades "against the logic" that good data i good for currency. In this case, forecasted number is @317. But I think that in order to see some USD bulls the number has to be way bigger than this. Remember last reading was 300k and the one before that 504!!!
EYES WIDE OPEN, usd could be trade in both ways!
My two cents.
same here.. above 3055 ill be more bullish..but 3054 ill be bearish. the same depending on the side of any tl/fib.
Europe has its own housing troubles to fix also. It will take a decade if we are lucky to fix this crap in the u.s. and europe. while we do asia is taking over the world. more market share will be lost.
those who can, do. those who cant, talk about those who can
  • #275,015
  • Jul 26, 2010 7:10am Jul 26, 2010 7:10am
veery tricky charts lately. from one side we have China supporting the EUR and the risk appetite of broker for US options that move them away from the currency (my personal guessing). On the other hand banks of EUROzone are still in trouble... the stress test is very unreliable. just think at the amount of investment such entities have in Greece, Spain, Italy, Hungary, Iceland etc. Nobody is talking about Italy (where I am from) but I heard couple of friends talking about possible default of Italy by June 2011....
  • #275,016
  • Jul 26, 2010 7:11am Jul 26, 2010 7:11am
Quoting maurofx
The truth is the pair can go anywhere. I believe tisk appetite and usd strenght "theories" for a good number apply. It's been plenty of times that it trades "against the logic" that good data i good for currency. In this case, forecasted number is @317. But I think that in order to see some USD bulls the number has to be way bigger than this. Remember last reading was 300k and the one before that 504!!!
EYES WIDE OPEN, usd could be trade in both ways!
My two cents.
Hola Mauro
How you doing?
I'm long on this pair
  • #275,017
  • Jul 26, 2010 7:11am Jul 26, 2010 7:11am
anyone know when fedex reports?


NM i found it
  • #275,018
  • Jul 26, 2010 7:12am Jul 26, 2010 7:12am
Quoting gatorinla
something else to think about is. all you said plus sub prime is not over. lots of europes brokers, banks, and muni bond investments are still u.s. subprime....
True, we haven't even begin to discuss the sub-prime fiasco which is still a viable threat to many nations. If traders keep their eyes peeled to the market news sources, you'd a thought the worst was behind us. Market news sources continue to sweep financial problems under the couch while getting everyones hope up but if you mine through the data a trader would quickly realize theres a lot not being said.

Gator, so true about the Party Hat being pulled out prematurely.
  • #275,019
  • Jul 26, 2010 7:15am Jul 26, 2010 7:15am
Quoting gatorinla
same here.. above 3055 ill be more bullish..but 3054 ill be bearish. the same depending on the side of any tl/fib.
Worm number, doesn't mean anything. Flat, I got a lot of R on the upside and bulls doesn't seem to have strenght atm. If price retests the wedge and brakes it I'll try a short trade tg DP as it seems no to be convinced to be broken to the upside. Just a thought.
I'll be waiting crouching like a cat!
Attached Image (click to enlarge)
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  • #275,020
  • Jul 26, 2010 7:15am Jul 26, 2010 7:15am
Quoting mfoste1
anyone know when fedex reports?


NM i found it
about an hour ago..it was positive.
those who can, do. those who cant, talk about those who can
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