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  • #340,621
  • Dec 7, 2010 2:45am Dec 7, 2010 2:45am
Here is the 15min. I see a bear flag developed... Im flat for now...

GL ptl.
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  • #340,622
  • Dec 7, 2010 2:45am Dec 7, 2010 2:45am
Quoting Orbital
"Banks Park EUR122.95B At ECB As Reserve Maintenance Period Ends"

Does anybody know or understand why exactly banks would park this amount into the ECB overnight? Whats the purpose of this exactly? Whats in it for the banks? Since i dont understand this im asking for somebody who can explain this to me, since the last time banks parked this kind of money greece got bailed out.

when was this when greece bailed out friend ?
  • #340,623
  • Dec 7, 2010 2:47am Dec 7, 2010 2:47am
Quoting Vladimir1987

GL ptl.
Attachment
same to you brother..
Look Sharp/Trade Tight
  • #340,624
  • Dec 7, 2010 2:47am Dec 7, 2010 2:47am
Quoting The Fool
yah everybody is so afraid of the bond vigilantes i don't think there will be any hot bull moves in the euro until this is settled

u r right were seeing this thing already stuck around this area
  • #340,625
  • Dec 7, 2010 2:50am Dec 7, 2010 2:50am
Quoting T@rantula
Hello guys.

How is it going? I took a short on UJ this morning, though I woke up a little bit late. Its slow like snail.

As for EU we are sideways at the moment, dont have a clear intraday trend though a break to the upside is favoured

Hi T !

I find UJ extremely slow to, I don't have it in my "inbox" just now as I sold on 84.0 but wondering if I should get in again... Hard to puzzle...

give me pips!!
  • #340,626
  • Dec 7, 2010 2:51am Dec 7, 2010 2:51am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Just need a 15M candle close below 1.3350 for the money to start ringing in.
  • #340,627
  • Dec 7, 2010 2:51am Dec 7, 2010 2:51am
Quoting grashid
My last post overhere before rest and back on jan 2011...

http://www.forexfactory.com/showpost...stcount=339175

For an overall trend, maybe you guys should look into this supid stuff as per above link and asnwer at your own self ....what her telling you on that red circle........

Look like no more trade to me this week till Jan 2011...

Am done for 2010 Year (just wait last 15lot long AUD from 9650 SL adjusted at 97250. TP=1.01250.)

Either way hit am done...

Happy Holiday all and enjoy ur trade.......
wish you a very good holiday bro.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #340,628
  • Dec 7, 2010 2:51am Dec 7, 2010 2:51am
it kissed 3250 lets see it holds or not
  • #340,629
  • Dec 7, 2010 2:52am Dec 7, 2010 2:52am
Quoting The Fool
yah everybody is so afraid of the bond vigilantes i don't think there will be any hot bull moves in the euro until this is settled
If so then can't stand with shaky feet more time , thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #340,630
  • Dec 7, 2010 2:52am Dec 7, 2010 2:52am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting apt
Just need a 15M candle close below 1.3350 for the money to start ringing in.
We broke her back gentlemen, let's make some pips.
  • #340,631
  • Dec 7, 2010 2:53am Dec 7, 2010 2:53am
GU looking double toppy with sellers slaping it down at 1.5786


took a short at 1.5774

and eu 1.3355

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Mind over matter..I don't mind and you don't matter.
  • #340,632
  • Dec 7, 2010 2:54am Dec 7, 2010 2:54am
Quoting PayTheLimit
long 3361, sl 3321, tp 3411...
out at 3339...-22
Look Sharp/Trade Tight
  • #340,633
  • Dec 7, 2010 2:55am Dec 7, 2010 2:55am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
out at 3339...-22
15M close below 1.3330 and we are looking at 1.3300 penetration before the next 30M candle.
  • #340,634
  • Dec 7, 2010 2:56am Dec 7, 2010 2:56am
Ireland 10 year yield jumping up on the open...

http://www.bloomberg.com/apps/quote?ticker=GIGB10YR:IND
  • #340,635
  • Dec 7, 2010 2:56am Dec 7, 2010 2:56am
This hour close could speed some things up... Im still waiting- didnt want to sell at 60???
  • #340,636
  • Dec 7, 2010 2:57am Dec 7, 2010 2:57am
Quoting Larseg
Hi T !

I find UJ extremely slow to, I don't have it in my "inbox" just now as I sold on 84.0 but wondering if I should get in again... Hard to puzzle...

give me pips!!
yea...its crawling like a snail.... Well there are days when I dont take any trade. I took a short on UJ due to a good r:r ratio.
  • #340,637
  • Dec 7, 2010 3:00am Dec 7, 2010 3:00am
[quote] FRANKFURT (Dow Jones)--Banks further stepped up their use of the European Central Bank's overnight deposit facility as the current reserve maintenance period is about to end, ECB data showed Tuesday.
Credit institutions are required to hold a certain level of reserves with the national central bank over a period of roughly one month. Banks usually deposit more funds toward the end of that period, which ends Tuesday.
ECB data showed that banks across the 16-nation euro zone parked EUR122.95 billion overnight with the ECB at 0.25%, a rate that is below the overnight market rate, currently at 0.42%.
The amount deposited with the ECB was up roughly EUR38 billion from the previous day.
In a separate release, the ECB said "liquidity forecasts show that a large positive liquidity imbalance is expected today"; it will therefore launch a quick tender later Tuesday to drain excess cash from the market.
Apart from housekeeping reasons, the high amount parked overnight with the ECB also indicates that banks are holding back from lending to their peers, and are instead opting to keep their funds in the safest accessible location.
But the usage is still modest compared with levels seen earlier this year, when banks parked well over EUR300 billion overnight with the ECB amid rampant speculation about a possible default of Greece.
By comparison, if markets are functioning properly, banks use the ultra-safe facility to the tune of only a few hundred million euros.
Emergency borrowing from the ECB remained elevated too, ECB data showed, indicating some banks are having trouble tapping the market for funds.
ECB data showed that one or more banks borrowed EUR1.103 billion overnight from the ECB at a penalty rate of 1.75%, compared with EUR865 million previously. Emergency borrowing was above EUR1 billion in 15 out of the past 17 days. If markets are functioning properly, the use wouldn't be above EUR1 billion for such a long period.
  • #340,638
  • Dec 7, 2010 3:05am Dec 7, 2010 3:05am
Quoting apt
15M close below 1.3330 and we are looking at 1.3300 penetration before the next 30M candle.
I still favor longs...
Look Sharp/Trade Tight
  • #340,639
  • Dec 7, 2010 3:05am Dec 7, 2010 3:05am
Quoting T@rantula
Hello guys.

How is it going? I took a short on UJ this morning, though I woke up a little bit late. Its slow like snail.

As for EU we are sideways at the moment, dont have a clear intraday trend though a break to the upside is favoured
Hi as you say its sideways for intraday but we can see the reason for that also on the charts its just teasing on the upside and even not upto break the downside level also < i think today will be the day lot of big traders decide which way it is to with eurusd : I think its uptrend for few months atleast : see the chart below
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finding A M S
  • #340,640
  • Dec 7, 2010 3:06am Dec 7, 2010 3:06am
[quote=Orbital;4225964]
Quote
FRANKFURT (Dow Jones)--In a separate release, the ECB said "liquidity forecasts show that a large positive liquidity imbalance is expected today"; it will therefore launch a quick tender later Tuesday to drain excess cash from the market.

Apart from housekeeping reasons, the high amount parked overnight with the ECB also indicates that banks are holding back from lending to their peers, and are instead opting to keep their funds in the safest accessible location.

OK, I'm not a banker. These short term operations are standard procedure, though. However, the parts that I repeat above are short-term euro bullish indications, I suspect.

What does "launch a quick tender" mean, exactly - it means the euro will get bought - but by who, and when?
"If The Fool persists in his Folly he will become wise." - William Blake
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