EURUSD

nice range between the m 5 15 30 enjoy the ride

Trend line still holding.

Interesting little read.

http://www.telegraph.co.uk/finance/c...l-to-1.20.html

I won't go that far

Check my posts. LIVE trading pre fact.

ALL of it.

Mate...im a pro trader..dont forget that.

Copy paste from all the last EU meetings. Portugal 5yrs breaking to fresh highs a few minutes ago (8.2x) and Germany (a.k.a EZ "members") finally show and said something to save the boat .....Merkel urges MPs to back EU stabilisation plan (FT), bla, bla.

sisse

Noticed that

So you keep telling us over and over and over..........//.........

so is everyone here & their nan.

up up

1.20 huh? he must be quoting from my chart.

Ok. no comment. Sorry for disturbing.

Was a joke my friend. You have a great day

Well im done for the night. Hell tired.

Good trading all.

Anyone else seeing some signs we may get thru 1.4150?

range contraction, gong for some grub...

50% IS a fibo number. fibo numbers are 1, 2, 3, 5... 1/2 = 0,5 -> 50%

Wall Street Journal

By Richard Barley

Crisis? What crisis? The Portuguese government has fallen, likely triggering a bailout pegged at €80 billion ($112.9 billion). Hopes for a euro-zone "grand bargain" on competitiveness and bailouts are fading. Moody's has downgraded nearly the whole of the Spanish banking system. Yet the euro is holding its poise—and could continue to do so.

Last year, the Greek and Irish debt crises sent the euro reeling against the dollar, generating drops of 12.5% in April-May and 7.7% in November.
The currency hit a low for the year of $1.19. Now, at $1.41, it is close to a 52-week high despite repeated jitters; the collapse of the Portuguese government sent it only modestly lower Wednesday and it rebounded on Thursday.

There are several reasons for this. Interest-rate differentials are one: The European Central Bank continues to signal it has plans to raise rates as soon as April. Meanwhile, the U.S. Federal Reserve is still engaging in quantitative easing and appears more worried about the impact of oil prices on growth than on inflation.

The euro crisis has become less systemic. The Greek and Irish bailouts triggered sharp rises in the cost of insuring core European banks' debt against default; this has been declining in recent weeks. Spain has been resilient: Even with the bank downgrades, 10-year Spanish yield spreads over German bunds tightened marginally Thursday. The core euro-zone economy motored through last year's crisis.

The lack of panic over Spain means that even potentially slower-than-expected progress on euro-zone reforms to governance and bailout mechanisms aren't the threat they were in the past. The existing system can easily fund Portugal. Political hurdles in Germany and Finland need to be overcome to improve these mechanisms, but it is in the interests of the triple-A countries—and their banking systems—to prevent a new, severe, debt crisis.

For now, ECB hawkishness supported by encouraging data such as Thursday's euro-zone purchasing-managers indexes will likely support the euro. That is a far cry from last year's existential crisis.

Out my shorts and long now.

News etc. should be heading down but risk appetite is rife today no stopping it so

I'm long now...don't make sense but you have to go with the flow.

Hey Wormboy, you really live in Aruba?