EURUSD

Hey just so you know, we are on holiday so there shouldn't be much coming out of the U.S.

1.32550-1.30850.........

Yea, PA should cover gap to 1.3085, and then we'll see.

there is also a rising channel within that channel that needs to be broken around 1.3330, after that, Maybe a significant move down ...

pic for last comment {couldn't edit for some reason}

Kill, May I ask you why you have so many brokers?

Shamu

anyone who thinks spread cant effect them is kidding themself this year im trading weekly chart. here ar 50 and 300 pip shorts.

remember...chart never lie...

p/s: i would not suprice at any time at any day this week, eu will dive faster than usual......just watch

nice call on aussie "G" short.

Forex Pros - The week ending January 14 saw the euro post its biggest weekly gain against the U.S. dollar in more than two years as the single currency was pushed higher by strong debt auctions and unexpected remarks by the president of the European Central Bank.

EUR/USD hit 1.3456 on Friday, the pair’s highest since December 14; the pair subsequently consolidated at 1.3386 by close of trade on Friday, jumping 3.81% over the week.

The euro gave up some of its gains on Friday as China's decision to raise reserve requirements for banks dampened risk appetite but mixed U.S. economic data prevented the dollar from recouping recent losses.

Official data showed that U.S. consumer confidence fell unexpectedly in January, while retail sales rose less-than-expected in December. Separately, U.S. data showed industrial production accelerated in December, rising 0.8%.

On Thursday, ECB president Jean-Claude Trichet said the central bank could raise interest rates later this year to combat inflation. His remarks were unexpected because of late the bank has been focusing on the sovereign debt crisis.

Meanwhile, on Wednesday, Portugal successfully auctioned off debt with yields below the critical 7% threshold, a key level for whether Portugal would be forced to seek external financial aid. Spain and Italy's first debt auctions of the year on Thursday also went well.

In the week ahead, the U.S. is to release key data on the housing sector, with reports on building permits, housing starts and existing home sales. The country is also to publish data on manufacturing activity and the weekly report on initial jobless claims.

Meanwhile, in the euro zone the ZEW Centre for Economic Research is to publish a report on German consumer sentiment.

Ahead of the coming week, Forex Pros has compiled a list of these and other significant events likely to affect the markets.

Monday, January 17

In the U.S., markets will remain closed in observance of Martin Luther King Day.

Tuesday, January 18

In the euro zone, the ZEW Centre for Economic Research is to publish a key report on German consumer sentiment as well as data on sentiment in the wider currency bloc.

Also Tuesday, the U.S. is to publish official data on manufacturing activity in New York State as well as a report on the balance of domestic and foreign investment.

Wednesday, January 19

The euro zone is to publish official data on its current account.

The U.S. is to publish official data on building permits, an excellent gauge of future construction activity, as well as a report on housing starts.

Thursday, January 20

In the euro zone, the ECB is to publish its monthly bulletin, which contains a detailed analysis of current and future economic conditions. Elsewhere, Germany is to publish official data on producer price inflation, a leading indicator of consumer inflation. Later Thursday, the euro zone is to publish official data on consumer confidence.

The U.S. is to publish its key weekly report on jobless claims, a leading indicator of economic health. The country is also to publish official data on existing home sales as well as data on manufacturing activity in Philadelphia.

Friday, January 21

The euro zone is to round up the week with a report from the Ifo Institute for Economic Research on German business climate.

Be Aware That China on Friday Raised RRR by .50 basis points and may do more before Wednesday - Event Risk pointed out by myself - Have a profitable trading week.

i dont like to keep my eggs in one basket

nice call with out a vouch is a killer

I guess you're right but so many? I lost money 5 years ago when my broker went bankrupt, can't even remember the name anymore.

TheLFB Client Note

European Session Preview

Jan 17 2010

Quiet Asian Session Start

A very quiet Asian session open may set the tone for trade on Sunday, ahead of a Bank Holiday in the U.S. and an economic calendar that does not really get going with red-flag releases until later in the week. The moves in the last session of the previous week that sent U.S. and European equity markets through 2010 highs were not matched by commodity trade, and were not hedge with short-dollar index plays.

Something will need to give; either S&P 500 trade reverses back to 1275 support and in doing so weakens the major currencies, or the dollar index drops under 79.00 which by default will move the major pairs higher against the buck.

Oil has held 90.00 support at the same time that gold held 1360 and silver held 90.00, with all three markets out of sync with the low-participation earnings season inspired moves in equity trade.

TheLFB Client Note

European Session Preview

Jan 17 2010

Quiet Asian Session Start

A very quiet Asian session open may set the tone for trade on Sunday, ahead of a Bank Holiday in the U.S. and an economic calendar that does not really get going with red-flag releases until later in the week. The moves in the last session of the previous week that sent U.S. and European equity markets through 2010 highs were not matched by commodity trade, and were not hedge with short-dollar index plays.

Something will need to give; either S&P 500 trade reverses back to 1275 support and in doing so weakens the major currencies, or the dollar index drops under 79.00 which by default will move the major pairs higher against the buck.

Oil has held 90.00 support at the same time that gold held 1360 and silver held 90.00, with all three markets out of sync with the low-participation earnings season inspired moves in equity trade.

TheLFB Client Note

European Session Preview

Jan 17 2010

Quiet Asian Session Start

A very quiet Asian session open may set the tone for trade on Sunday, ahead of a Bank Holiday in the U.S. and an economic calendar that does not really get going with red-flag releases until later in the week. The moves in the last session of the previous week that sent U.S. and European equity markets through 2010 highs were not matched by commodity trade, and were not hedge with short-dollar index plays.

Something will need to give; either S&P 500 trade reverses back to 1275 support and in doing so weakens the major currencies, or the dollar index drops under 79.00 which by default will move the major pairs higher against the buck.

Oil has held 90.00 support at the same time that gold held 1360 and silver held 90.00, with all three markets out of sync with the low-participation earnings season inspired moves in equity trade.From Daily FX

The US Dollar fell sharply against the Euro on a sudden improvement in Euro Zone sovereign debt markets, but a sharp late-week reversal suggests USD bulls have not yet given up the fight. We have long argued that the month of January is often pivotal in setting the stage for medium term trends, and the fact that the Euro/US Dollar pair was unable to close above its earlier highs bodes well for the Greenback. A relatively empty week of economic event risks leaves volatility expectations considerably lower through the short-term. Yet traders should watch whether the US Dollar is able to hold its lows against the Euro and set the stage for continued reversal through the coming months.


Little foreseeable event risk leaves the Greenback at the whims of broader market flows and developments in ongoing Euro Zone fiscal crises. Possible exceptions include mid-week Housing Starts and Existing Home Sales reports, but it would likely take a substantial surprise in either direction to force important moves in the US currency. One potential market-mover may come from a non-traditional source: the Chinese government will release initial estimates of Q4, 2010 GDP growth on Wednesday night/Thursday morning.


The Asian titan has defied a broader global economic slowdown and continued to grow at impressive double-digit rates, but markets will likely need to see similarly robust expansion into the final quarter of the year. Any significant disappointments could especially affect the Australian Dollar and New Zealand Dollars—forcing them lower against their US namesake.


The month of January is often critical in determining trends for the following 11 months of the year, and the fact that the Euro/US Dollar is essentially unchanged through the first two weeks leaves medium term trends in the balance. The determining factor may come down to whether the US S&P 500 and broader risk sentiment can continue to improve into the New Year. We have made little secret of the fact that we believe the Dow Jones Industrial Average and broader ‘risk’ may see a substantial correction following robust gains. Yet any attempts at betting on such weakness have done quite poorly through continued rallies. It will be critical to watch the trajectory of ‘risk’ and its effects on the US Dollar through the final weeks of January. – DR

http://www.washingtonpost.com/wp-dyn...c=nl_natlalert

Snippet:

Hu took aim at the international currency system, now dominated by the dollar, calling it a "product of the past." China has moved to make its currency, the renminbi, or RMB, convertible on international markets, and Hu pointed to Chinese efforts to boost its use in trade and investment. But he cautioned against any suggestion that the renminbi, also called the yuan, might soon become a new reserve currency. "It takes a long time for a country's currency to be widely accepted in the world," Hu said.


Hu, the secretary general of the Chinese Communist Party since 2002 and China's president since 2003, rarely speaks in interviews or gives press conferences. His last extensive comments to American media outlets came in 2008, in a joint meeting around the time of the Beijing Olympics. His last interview with Western media was in written format last November to a French and a Portuguese newspaper.

Under the ground rules, Hu decided which questions to answer from lists submitted separately by the Post and the Journal.
Hu made an official visit to the White House in 2006, but President George W. Bush denied him the privilege of a full state visit, offering only a lunch. He was in Washington in April for President Obama's nuclear security summit.

The Obama administration plans to use the summit to refocus attention on China's record on human rights and political freedoms, after spending much of the past two years seeking to engage the Chinese leadership on a broad array of global issues like climate change, helping stabilize the global economy and dealing with the nuclear ambitions of Iran and North Korea.
The human rights issue - which many administration critics believe was underplayed over the past two years - gained a new spotlight in October, when the Nobel Committee in Oslo awarded the 2010 Nobel Peace Prize to a jailed Chinese dissident, Liu Xiaobo. Also last fall, Chinese Premier Wen Jiabao linked political reform to continued economic progress in a speech in Shenzhen, at the United Nations in September and later in an interview with Time magazine and CNN.

lol i will kill his azz then i will get my money sellen his body bro have been dealing with them over 5 years they are some how not bad

3450 was a good place to initiate that fire.
edit: but if you are taking a real pump and dump into consideration, 3671.9 is also a nice haystack to set on fire.

Hey GRashid
how you doing?


i like your charts bro

i'm waiting 1.34>>1.35

I got 10% a year later from the bankruptcy court, still can't remember the name

looking forward to a good week,
Goodluck!!