EURUSD

goodnite

Good afternoon, is anyone here getting "Server busy" from Oanda?

Yes it's the same for me. I have contacted Oanda and they are aware of the issue and are working on it.

Thanks jjam.

Wow I guess the NYTimes knew beforehand we would have this discussion and reported this today :

Denmark Tightens Its Generous Jobless Benefits

http://www.nytimes.com/2010/08/17/bu...17denmark.html


"Struggling to keep its budget under control after the financial crisis, the government in June cut into its benefits system, the world’s most generous, by limiting unemployment payments to two years instead of four. Having found that recipients either get work right away or take any job as their checks run out, officials are also redoubling long-standing efforts to move Danes more quickly out of the safety net".

Got that right. I did it when I was in my 20's and laid off during the summer months living on the beach. Free money - who needs a job. Gets in the way of going to the bar chasing chicks.

Trouble is it is not good for an economy when too many do it - or too many countries.

I'd love to see some sort of technical Asian bounce so I can reload on shorts at a better level. But looking at DJ futures things are uncertain.

thanks ST, did not know that

their unempl. rate is only 4.2% on the worlds scale 1.5 - 23%, I dont think they have any real problems there

i hadn't even seen that channel..in meta i mean

Yet.

I don't know if you are seeing the daily candles pattern on Nikkei, but it looks really interesting to me. Looking to scalp a bounce.

BTW has Greece sold any islands yet?

Yes now after checking a DAX chart I'm quite positive there's plenty of room for a bounce. About 100 points to be precise. Though overall trend will remain down I think.

ASIA DAILY FOREX OUTLOOK - Majors

SINGAPORE (Dow Jones)


http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-17_ASIA DAILY FOREX OUTLOOK - Majors (01h32 CET) 001.pdf (13.8 KB)



EUR/USD - to consolidate. Pair underpinned by negative USD sentiment; but topside limited by worries over negative effects of austerity measures on economies of some euro-zone nations, concerns over creditworthiness of Irish banks - investors watching Irish debt auction today for level of private sector demand. Data focus: 0800 GMT June euro-zone balance of payments, 0900 GMT German August ZEW indicator of economic sentiment. EUR/USD daily chart mixed as MACD bearish, but stochastics turning bullish at oversold. Support at 1.2775 (hourly chart), then at 1.2732 (yesterday's low, matching July 21 reaction low); breach would expose downside to 1.2626 (55-day moving average), then 1.2520 (July 13 reaction low) and 1.2478 (July 6 low). Resistance at 1.2871 (yesterday's high); breach would target 1.2906 (Friday's high), then 1.2932 (Thursday's high), psychological 1.3000, and 1.3190 (Wednesday's high).


USD/JPY - to consolidate amid broad-based USD weakness (ICE spot dollar index last 82.445 vs Friday's 82.948 settlement) as worries fester over faltering U.S. economic recovery after below-forecast rise in New York Fed's Empire State business conditions index to 7.10 in August from 5.08 in July (vs 8.50 expected), fall in U.S. NAHB housing market index to 13 in August from 14 in July (lowest since March 2009). USD/JPY also undermined by Japan exporter sales, lower U.S. Treasury yields, ultra-loose U.S. monetary policy. But USD/JPY losses tempered by USD demand for import settlements, continuing fears of Japan FX intervention. No strong cue for yen carry trades from Wall Street overnight after U.S. stocks closed mixed (DJIA off 0.01%, Nasdaq up 0.39%); still, investor fear gauge VIX eased 0.53% to 26.1. Data focus: 1230 GMT U.S. July housing starts & building permits, U.S. July PPI, 1315 GMT U.S. July industrial production & capacity utilization, 1630 GMT Fed's Kocherlakota speaks. USD/JPY daily chart mixed as MACD bullish, but stochastics turning bearish. Support at 85.19 (yesterday's low); breach would target 84.90 (Thursday's low), then 84.71 (Wednesday's 15-year low) - below which would open way down to psychological round-numbered levels from 84.00 down to 80.00, then 79.70 (record low set April 19, 1995). Resistance at 86.00 (hourly chart), then at 86.28 (yesterday's high) and 86.39 (Friday's high); breach would target 86.49 (Aug. 5 high), then 86.93 (July 30 high), 87.51 (July 29 high) and 88.11 (July 28 reaction high).


GBP/USD - to trade with risks skewed lower. Pair undermined by concerns over negative impact of fiscal tightening on UK economic growth, 1.7% on-month drop in Rightmove mid-August UK house price index (biggest monthly decline since December 2009). But GBP/USD losses tempered by weaker USD sentiment. Data focus: 0830 GMT UK July CPI & retail price index. GBP/USD daily chart still negative-biased as MACD & stochastics in bearish mode. Support at 1.5551 (hourly chart), then at 1.5534 (yesterday's low); breach would expose downside to 1.5497 (200-day moving average), then 1.5471 (previous cap set July 15), 1.5325 (38.2% Fibonacci correction of advance from May 20 low of 1.4230 to Aug. 6 high of 1.6002), and 1.5199 (55-day moving average). Resistance at 1.5707-1.5716 band (yesterday's high-Thursday's high); expose upside to 1.5866 (Wednesday's high), then 1.5910 (Aug. 10 high) and 1.6002 (Aug. 6 high).


USD/CHF - to range-trade. Pair weighed by negative USD sentiment, CHF demand on falling EUR/CHF cross. Daily chart mixed as MACD bullish, but stochastics in bearish mode, 5- & 15-day moving averages meandering sideways. Resistance at 1.0425 (hourly chart); breach would expose upside to 1.0534 (yesterday's high), then 1.0551 (Friday's high), 1.0626 (Wednesday's high) and 1.0640 (July 27 reaction high). Support at 1.0348 (yesterday's low); breach would target 1.0328 (Aug. 6 low), then 1.0127 (Jan. 11 reaction low) and parity.


Good Night Europe

;-)

Hope it b useful .... , For me, I Listen to everything he says and Think

click insert, then channels, then Fibonacci

Here comes a bull from Asia I think.

thx yeah, i had seen those before and deleted the ones i don't use but i just skipped past that one and never saw it

hahaha!!!! 0:42........."Mr. paulson, Mr. bernanke, and some other guy at the NY fed, I think his name is tim somebody...."

priceless

does anyone know where it is headed?