EURUSD

Morning Fontu,

May i know your UDX levels ?

bye bye 137. hello 138

I see. well here are still my lines I watch and I think the 3770 area wouldn't be bad to see if we continnue this way. Oh well it's still early in the morning.
I believe I've showed attached image before.

Pending short order at 1.3730



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Morning all,
currently loads of shorts above 3715, price gets there, bounces back down..a close above that 42 in the works and eventually 3777..
lets see how bulls and bears play today

I'm not even making as much as the speakers before me, but here is a simple run down: say, you are the central banker of Switzerland, and the CHF is strong, which means it buys you lots of euros and dollars and yen.... Now, people who want to buy foreign goods in your country, or want to travel to foreign lands are of course happy, because their swissy gets them a lot of local currency elsewhere. On the other hand, the exporters of your country are facing a problem: when they try to sell the goods they produced (swiss watches, chocolate, banking services, Sinar's, skiing holidays in Davos ie increase their GDP!) the foreigners are no longer happy because they have to pay lots in their currencies for the swiss goods. So the foreigners decide to buy Belgian chocolate instead which means your trade suffers and the locals get fat for eating their own chocolate.

So what do you do? You go to the forex market and buy 20 billion euros for your strong CHF in ten minutes. Supply and demand tells you if there is demand for 20B euros, and there is a supply of 28B CHF (EUR/CHF@ 1.40 when the SNB was last seen interveining) eur will strengthen and the CHF will weaken, and you get a 300pip spike in EUR/CHF (also in EUR/USD and other pairs involving the CHF).

What is your balance now? You have 20B euros, which at the moment worth about 28B CHF.

Then Greece admits cooking the books, then Ireland 'accepts' 80B to avoid default, and the markets are talking about Portugal defaulting or Spain or whatnot. Is it a good idea to hold the currency of a nation (or union of nations) which is about to default? Not really, so the EUR/CHF falls to 1.30. You still have 20B EUR but now its only worth 26B CHF...which is precisely 2B less than what you started with.

So you lost money. As a central banker you do have a pretty deep pockets, but I don't think Hildebrand is sleeping so well these days.

Hope this clears it up. If this still sounds shaky I'd suggest to have a go at Krugman's book 'International Economics'.

lol

manually triggered short.
they're taking the sneak&peak approach.

good morning...

Big short order was just hit at 1.3725!

Morning , sure , 77.69 now and breaking it down to lead next support 77.33/24 possible stop.so spike eu expecting 3749 to 3800 .usdchf also near maturition for bull & still rooms for down & time pass .

fontu

How are you seeing the orders before they happen?

entry missed by 2 pips

took one short at 1.3715


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EU bought. 3705

Bullish consolidation spotted in Asia session

Wider upward channel formed.

Target price: 3770-3800

I have no way of knowing this, but a BIG market mover may have gone bearish after a hit of 1.3725, we will wait and see to find out. Today could finally start our move down after a 2 day stand still around this 1.3650-1.3725 level.

Morning.

Got this in my mail this morning.
http://www.forexpeacearmy.com/forex-...companies.html


Waiting for a setup.

bye bye 138, hello again 137

closed for plus 14 at 3696, will wait now

daily business done

look out for 3687.2.

getting different lows from brokers atm. don't like it, but the ripples are in the water.