EURUSD

of course they did.
that's how money are made. media hype.

is there anyone in the world that doesn't know

intervention is imminent ? )

same thing happen to EUR/CHF

SNB intervention from 1.6 to 1.28

how many accounts have been blown.

after going below 1.38

SNB comes and statement.

SNB intervention was succesfull. bang another 400 pips drop.

)

Pair is waiting for German news. No setups whatsoever yet developing any timeframes.

Bear too weak to push this down what it got right now which is....not much.

So, maybe some small setups will occur before news but in any case upside more likely.

looks like they change it since i last checked they said they only do it once a week .
It now says daily but the actual report that its based on is only done once has something changed with the cot reporting?

1.44 will remain very strong resistance as always.
breakout this level will blow USD

http://img820.imageshack.us/img820/2362/eurusdlong.png

I'm still bullish waiting for 1.4x's

1.51 is also good

Hi Moonchlid

It takes years for people to build stuff -- let’s take the World Trade Centre. Did you see it come down? We need patience here.

This is how I feel about the EURO/DOLLAR at the moment. I will not look for any longs and will sit on my hands --- it can go up for another 200 pips - I don’t care. It just means for me there is an extra 200 pips to be made when we get the daily trend line break.

If you fib. from last month’s low to this current high then a 50% fib pullback is 650 pips away..............so as I said - I will be waiting

Regards

Pierre

Hi peeps! I am considering buying the JPY, since the outlook for the Monetary Policy may entail positive speculations for the economy… What do you think about this?

Forexings..... It might want to have a go once and then break it on the second attempt.

Harry

let it break 1.4 first your resistance is 400pips above it

hi guys.

The US is in big trouble, much bigger than most people want to admit.

But, on the other hand the situation of the euro does not warrant that degree of strength, or even 1.4 for that matter. There is still a very real, and possibly growing, chance that the EZ will break apart due to fact that several member states are unable to carry their own weight. With that looming over the euro, it is really hard to justify such strength.

Good morning Mr. Hatch - may the gods of lucre smile on you today.

Actually i'm notifying it earlier.
It was a proven resistance in last year. Rejected so many bull attempts.

You should know US big friend China now enemy.
China is the largest treasury securities holder.
China increased currency issue with Germany and France.

China not happy been told what to do by u.s so they gonna show u.s who is boss.

possible bear continuation usdx to get to the good support levels .anyway lines drawn from higher tf may vary a little & not be accurate as such I write but still seems little less than up can stop.
fontu

This is very true, but the real possibility of the euro disintegrating as a result of the problems with the PIGS remains and other countries may also be discovered to be in need of financial assistance.

The problem with the EZ is that there are more weak countries than strong ones and even if the EZ wants to do something to help them, it is not really legal for bailouts of countries to be done, and there is a limit to how much/how many countries could be helped. My suspicion is that there will be far more handouts requested than is financially possible.

i think u r in the wrong thread buddy

Dollar Sold Heavily Ahead Of G7 Meeting
By Nicholas Hastings
Of DOW JONES NEWSWIRES


LONDON -- The dollar has been hammered Thursday ahead of this weekend's meeting of finance ministers from the Group of Seven leading industrial nations in Washington.
Chinese Premier Wen Jiabao has made matters worse for the U.S. currency by making it clear that Beijing has no intention of allowing the yuan to appreciate faster.
Wen argued that a stronger yuan would reduce the already narrow margins of many Chinese exporters. The job losses among migrant workers would then risk "social and economic turbulence" that he said would be a disaster for the world.
His comments came as U.S. Treasury Secretary Timothy Geithner called on emerging nations as well as China to show more flexibility in their exchange rates.
See the dollar's fall against the yen: www.dowjoneswebservices.com/chart/view/4696
See the euro's rise against the dollar: www.dowjoneswebservices.com/chart/view/4695
The dollar was already under pressure from rising speculation that the U.S. Federal Reserve will increase quantitative easing next month. On Wednesday, the latest set of ADP employment numbers showed a 39,000 fall rather than an anticipated 20,000 rise, raising fears that the employment report for September will also prove disappointing.
The Australian dollar was one of the main beneficiaries of the dollar's weakness, rising to its highest level--$0.9920--since the currency was first floated in 1983. The Aussie was helped by strong employment numbers showing a rise of 49,500 jobs last month.
See the Aussie's rise: http://www.dowjoneswebservices.com/chart/view/4697
The euro also benefited as investors continued to bet that the European Central Bank will retain its recent hawkish stance after its policy meeting Thursday. Unlike most other major central banks, the ECB has suggested that it is keen to start exiting its ultra-easy monetary stance despite continued concerns about euro-zone growth and the health of European banks.
The yen also resumed its recent rally as the dollar declined, helped by investors assuming that the Ministry of Finance won't intervene through the Bank of Japan to stop the yen's rise ahead of the meeting of G7 finance ministers attending the International Monetary Fund conference in Washington.
The dollar fell well below the level at which the Japanese central bank intervened last month, with Japanese Prime Minister Naoto Kan repeating that the government will take decisive steps to stop volatile moves.
The pound also managed to post some gains against the dollar, even though a new survey from Halifax showed house prices falling by 3.6% last month, the largest ever monthly fall since records were started in 1983. This comes ahead of a Bank of England policy announcement Thursday. The bank is widely expected to leave rates unchanged but there is a chance it will decide to extend quantitative easing given the rapid pace of the recent economic slowdown.
Reports suggest that the U.K.'s coalition government plans to reschedule its fiscal cuts at a more even pace over the next five years. Some analysts suggest that this is the result of the sharp slowdown.
"Postponing fiscal cuts like welfare benefits could fuel concerns that the downside risks to the official near- and medium-term growth projections have grown of late. This in turn should be less supportive for sterling," said Valentin Marinov, a currency strategist with Citigroup.
By midmorning, the euro was up at $1.3974 from $1.3929 late Wednesday in New York, according to EBS. But the single currency has continued to trade shy of the emotive $1.40 level.
The dollar is down at Y82.50 from Y82.96 while the pound has risen to $1.5936 from $1.5885.
The U.S. currency is also down at CHF0.9580 from CHF0.9610 after hitting a new record low of CHF0.9555 while the euro has fallen to Y115.33 from Y115.55.