EURUSD

Thank you very much for the explanation... I'm low tier, noob, just speculating and trying to learn from the bright people here. I appreciate you taking the time to respond.

Radiation is spreading Kan just made speech on Bloomberg. Radius has been extended.

Jay, Im living in Vienna right now, there is a f***ing underground station on every corner. Its all standard.


Here in Austria, there is not a single nuclear factory ( and this place is even totally earthquake safe)


Im sure those 5 owners of the Fukushima nuclear factory are now in Jamaica, $ 12000000 on their bank accounts each.

CHEERS



http://app.imaginevienna.at/fotocomm...556&format=650

Yea, it's looking really bad, but why is the EU dropping like a rock? I thought if more bad news came out, it'd go up...

short only below 40

edit. long but ready to bail

Usually takes them a few days to do the math. Great. The EU is saved. Who's got the money? How much? Is that with a B?

Austria is far from earthquake safe.

Move SL = BE - 2

with ya, but on AUD!

L 3948

Taken from Reuters.com

Most articles following this disaster are full of errors describing the nuclear plant's structure. These plants are boiling water reactors, They have only the reactor vessel (the fuel pot) to contain the radiation. The emergency action to cool the uranium fuel inside the reactor vessel by using seawater is an extreme measure and destroys the reactor vessel for any future use. The concrete and steel building covering the reactor vessel is really not meant to retain any pressure created by the burning of the uranium fuel inside the reactor vessel. Most all reactor plants have igniter systems inside the concrete and steel building to ignite any built-up hydrogen. This been taken in account for during the design of the plant, maybe not to the extent the hydrogen explosions have been seen in Japan. The first explosion shown at one of the plants was a steam powered main feedwater pump in the turbine building which is connected but not a part of the reactor building. Why the steam driven feedwater pump exploded, no logical explaination has been giving. The steam being heated by the reactor vessel with fuel is being piped to the main turbine is radioactive steam. After the steam goes through the turbine and spins the turbine to make the electricity, the steam condenses to hot radioactve water and then is pumped as water back to the reactor vessel by the main feedwater pumps to be heated into steam again by the fuel in the reactor vessel.

updates on reactor situation:

Edit: 10:00pm EST - The Prime Minister of Japan will be speaking directly to the Japanese people within the hour. Actually it is happening now.

"Please listen to my message calmly....every possible method has been used to cool down the reactors. However, for reactor 1 and 2, hydrogen have come out causing explosion. Reactor 4 we have seen fire.... and radiation has spread from these reactors. And the readings of the levels seem very high. And there is still very high risk of more radioactive material coming out.."

"....We need everyone from 20km from the power plant 1 to evacuate.....everyone near #2 Power Plant within 10km please move out. We are trying everything we can to make sure further radioactive leakage does not occur. Workers injecting seawater are putting themselves at extreme danger in trying to prevent further leakage."

He was asked a specific question about Reactor 2 but did not want to comment on any specific reactors, only the nuclear power plant as a whole. This ends the Prime Minister's speech

Japan's Chief of Secretary (?) now talks

this is an on-the-fly summary of what he is saying, I can't get everything though There is now a fire at #4 reactor. There are no fuel rods in reactor 4, but there are spent fuels there that still emit heat. #4 reactor is currently burning...
1 and #3 reactors....outer containers were blown off. For #4 reactors, things fell into the reactor rather than being exploded out.

With regard to #2 reactor... the explosion occurred roughly 3 minutes after the incident at reactor 4 this morning. A hole was observed in the #2 reactor, so there is little possibility that a hydrogen explosion would occur at this reactor. The inner chamber seemed to be the source of the explosion. A smoke like-stream has been seen coming from the #2 reactor building, but this stream may be hydrogen.
1, #2, #3 reactors -- water injection is still continuing and continuing smoothly. Cooling is effectively done. The next issue is how to maintain this cooling and how to deal with the fire in reactor #4.

All but 50 people injecting water in #2 have evacuated, but the water injection is still continuing smoothly. The issue I am reporting is a however a high concern to you. We ask that you remain indoors if you are beyond the evacuation limits. if you are still within the boundaries, please evacuate further beyond 20km radius. The radiation levels will reduce greatly the farther you go from the plant but still depend on wind directions. Please close your windows if you are staying indoors.

There was a cabinet meeting and they are getting ready to deal with this situation. We have talked about rescue operations and assistance with the earthquake areas.

Someone asks: Is there any damage to reactor 2? "There is a very high possibility that some portion of the containment vessel was damaged" the secretary replied.

He says the explosion at reactor 4 could be the cause of the high radiation levels earlier.

Someone asks if the Fire at Reactor 4 is serious and whats its impact is. All he responds is that people are trying to put it out.

Secretary and Prime Minister mainly urged people to evacuate beyond the new radii they determined to reduce radiation. The secretary said they had radiation readings now as high as 400 milli-sieverts, over 1000x the amount reported earlier. This kind of radiation can make someone more fertile. This marks the end space of 10:00 EST

Theoretically 3927 should contain the down move and bring a fresh round of buying interest, but it it does not then the correction down will be deeper.

hold 4 short ( +162) target 1.3750

Yeah, it's a mixed bag. CHF is strengthening, E/U is weakening - safe haven play - yet gold is going down. Interesting times.

I don't mean this as a joke, but it is sad that a horrible event like Japan has to happen to move the markets.

Even though we are all sympathetic to them, we are all profiting/betting on the situation ...

Shows how greedy human beings are!

Reuters reports that Japan has extended the evacuation area beyond 20kms from the Fukushima Daichi Nuclear Power Station. The power station has been damaged in its crucial steel containment structure with emergency workers withdrawn from the plant. the worry now is emissions of radioactive materials which according to the authorities appear imminent.

Believe it or not, I have not touched a single trade this week. One reason why I am not posting on here.

What? Dollar up, EU and Gold down. At the moment anyway.

you are telling me this, and Im even born here in Austria.


Japan and Austria is like the difference between demo and live.. You know?? Low Risk vs High Risk LOL

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quote=GulfCoastPip;4471263]Austria is far from earthquake safe.[/quote]