EURUSD

how many days Market close at new year holiday?
does somebody know? please give me an advice for these days, how many of these days are close?

c attached

Shamu, me too don't like stops but yet to discover a technique how to do away with them, therefore, use multiple stops. If one is taken out, others are there............ just like my gradual entries. But the key is Knowing the Boundaries of the Moves.

Hope this trade works out, stands good chance.

ps. Getting below 1.3110 would be critical, if yes ........... below 1.3050.

Another fall remains in favor in EUR/USD with 1.3358 resistance intact. Break of 1.2969 will confirm resumption of whole decline from 1.4281 and target 1.2643 support next. On the upside, break of 1.3358 minor resistance that rebound from 1.2969 is not finished yet and is still in progress for another high above 1.3496.

Intra-day trading strategy:

1- Buy near 1.3074 stop 1.3050 targets 1.3160 and 1.3195

2- Sell near 1.3160 stop 1.3210 targets 1.3080 and 1.2970
For more information visit:

www.Dcapforex.com

22-12-2010 EURUSD

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I think I could do it.

No, seriously, I really think I could.

Took a Short @ 1.3148 TP @ 1.3110 and 1.3085 SL @ 1.3153

Moody's Sees No Europe Defaults ??

Moody's said that all its euro-zone sovereign ratings with the exception of Greece are investment grade, reflecting its view that "the risk of a euro-zone sovereign default is very small."
Beginning late October, euro zone sovereign bond markets have experienced a second wave of volatility this year, on worries about the health of sovereign borrowers and about proposals for a post-2013 crisis resolution mechanism that could penalize private lenders.
This prompted the European Central Bank to step up purchases of bonds issued by peripheral euro-zone members under its Securities Market Program.
Germany has resisted some ideas floated to deal with the crisis, such as increasing the size of European Financial Stability Facility, or issuing common euro-zone bonds.
Moody’s Investors Service said it doesn’t foresee defaults or maturity extensions on euro-area debt because the region will likely backstop weaker members, and reiterated that Portugal will likely stay investment-grade.
“Moody’s base-case scenario remains that over the medium term, no euro-zone country will suffer a payment default or otherwise impose losses on private-sector lenders through maturity extensions or other forms of distressed exchange,” the company said in a report today. “The collective willingness of the euro zone to support weaker members through the provision of liquidity will remain an important element of investor protection.”
Its euro-zone sovereign ratings "reflect a range of factors including high intrinsic economic and financial strength and ready access to financial resources," including those made available by other euro-zone members, Moody's said.


What do you thinks about this statment ?

The Second, is ...

FED EXTENDS DOLLAR LOAN PROGRAM WITH FOREIGN BANKS

The Federal Reserve on Tuesday extended a program set up during the European debt crisis to make it easier for foreign central banks to get access to U.S. currency to distribute to commercial lenders.
The Federal Open Market Committee said it’s extending, through Aug. 1, its U.S. dollar liquidity swap arrangements with the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan and the Swiss National Bank.
The swap arrangements, established in May, had been authorized through January.
Back in May, money markets were rattled by the strains in Greece, which subsequently received 110 billion euros of assistance through the International Monetary Fund and euro-zone nations. Since then, a similar package was arranged for Ireland, and there are worries that Spain and Portugal could need them as well.
The swap lines with the European Central Bank, the Bank of England, the Swiss National Bank and the the Bank of Japan will enable the central banks to conduct tenders of U.S. dollars in their local markets at fixed local rates for full allotment, similar to arrangements that had been in place previously, according to the Fed.
As the world’s reserve currency, the dollar is highly sought after outside the United States to settle trades — in commodity markets, for example.


Let's we discuss ...

Looool. Good post.

http://www.bloomberg.com/news/2010-1...documents.html

euro is a dead horse

None

You probably don't know Ak.

He will come back with Stinger .......... and I have no single Patriot.

Help me Pleeeeeeeeeeeeeeeeeeeeeeeez.

My broker ...

Low volatility and flat trading. I dont have any intraday positions opened yet.

I may exploit a breakout of yesterdays lows or eventually wait for a better pullback and short it.

watching m1.. this thing doesn't make a candle down without lifting it up ten times a minute.. bull(ish) sh*t.. bull candles appearing from scratch. hope for a tradable move @NY again.

Morning!!!

seems to be stuck in the middle on 1h chart, if it breaks 1.3170 go LONG, below 1.3070 SHORT?

thin range not worth my time. i only checked in at the FO to do some small pip scalps, keep the trigger finger loose. breakout above 50 could move well but my luck Moody's would cut me off and downgrade Andorra or some shit. Out...

who is holding the euro.....?!!