Dislikedyou choose right decision , The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners including the euroIgnored
- #366,742
- Jan 18, 2011 1:49am Jan 18, 2011 1:49am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
- #366,745
- Jan 18, 2011 1:50am Jan 18, 2011 1:50am
- Joined Nov 2010 | Status: Moving forward | 2,138 Posts
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return:
-95.4%
- #366,747
- Jan 18, 2011 1:51am Jan 18, 2011 1:51am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
So let me see if I'm reading this correctly....
Cloggie has noted that price has been rejected from 3400 several times over the last months making it a key pivot point.
HDA has noted that it is a price point at which the expiration of Options is likely to trigger a need to sell off EUR / buy USD?? and hence initiate a fall.
The situation re PIIGS and recent auctions (or not for Spain) is still negative despite an almost likely positive result of German economic news.
But these sentiments are likely to play out over several days before shorts are triggered in the +3400 range, say 3500 tops.
Now.... if these are the factors for shorts. How does China figure if they have agreed to expand/diversify their currency holdings and effectively buy EURD???
Okay... how is that for "simple" fundie analysis from newbie? Am I close or way off the mark? LOL I feel like I'm back in my undergraduate economic classes.
Cloggie has noted that price has been rejected from 3400 several times over the last months making it a key pivot point.
HDA has noted that it is a price point at which the expiration of Options is likely to trigger a need to sell off EUR / buy USD?? and hence initiate a fall.
The situation re PIIGS and recent auctions (or not for Spain) is still negative despite an almost likely positive result of German economic news.
But these sentiments are likely to play out over several days before shorts are triggered in the +3400 range, say 3500 tops.
Now.... if these are the factors for shorts. How does China figure if they have agreed to expand/diversify their currency holdings and effectively buy EURD???
Okay... how is that for "simple" fundie analysis from newbie? Am I close or way off the mark? LOL I feel like I'm back in my undergraduate economic classes.
A pip is only worth it if you know how much you risked to earn it
- #366,750
- Jan 18, 2011 1:53am Jan 18, 2011 1:53am
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #366,752
- Jan 18, 2011 1:58am Jan 18, 2011 1:58am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
So let me see if I'm reading this correctly....
The situation re PIIGS and recent auctions (or not for Spain) is still negative despite an almost likely positive result of German economic news.
Now.... if these are the factors for shorts. How does China figure if they have agreed to expand/diversify their currency holdings and effectively buy EURD???
Okay... how is that for "simple" fundie analysis from newbie? Am I close or way off the mark? LOL I feel like I'm back in my undergraduate economic classes.
Since last week we are playing inflation and interest rates expectations (check UK inflation today ...) and to the more short term earning season in the US.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #366,755
- Jan 18, 2011 2:05am Jan 18, 2011 2:05am
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
a chance to load some shorts...
- #366,756
- Jan 18, 2011 2:05am Jan 18, 2011 2:05am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #366,757
- Jan 18, 2011 2:08am Jan 18, 2011 2:08am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #366,758
- Jan 18, 2011 2:09am Jan 18, 2011 2:09am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
