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EURUSD

  • #427,361
  • Apr 24, 2011 9:34am Apr 24, 2011 9:34am
Is trading back to normal tomorrow?
  • #427,362
  • Apr 24, 2011 9:38am Apr 24, 2011 9:38am
Quoting Magix
What?

What kinda statement is this?
Seems like a good time to start the Dollar move up to temper inflationary pressure and bring value to all those foreign investors in US investments without further price appreciation.
  • #427,363
  • Apr 24, 2011 10:03am Apr 24, 2011 10:03am
Quoting TIckerShuffl
Seems like a good time to start the Dollar move up to temper inflationary pressure and bring value to all those foreign investors in US investments without further price appreciation.
Sure, this looks as good of place as any for the USD to grab a little strength...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #427,364
  • Apr 24, 2011 10:15am Apr 24, 2011 10:15am
Quoting Magix
Sure, this looks as good of place as any for the USD to grab a little strength...

Thing is, if commodities correct on dollar, are things like the AUDUSD and USDCAD the place to be. I am not comfortable with a position in those pairs, but it's very likely.
  • #427,365
  • Apr 24, 2011 10:22am Apr 24, 2011 10:22am
Quoting TIckerShuffl
Thing is, if commodities correct on dollar, are things like the AUDUSD and USDCAD the place to be. I am not comfortable with a position in those pairs, but it's very likely.
Given their relative movements, either of those would be safer guessing a reversal then would EURUSD...

However...this being said, I have eyeballs on a weekly rejection line on Cable...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #427,366
  • Apr 24, 2011 10:39am Apr 24, 2011 10:39am
Quoting Magix
Sure, this looks as good of place as any for the USD to grab a little strength...

could be... but the close above 4520.. is a bullish breakout. the one thing that can stop a breakout is the next s/r level. so from 4648 till 80 should be interesting. 4718 is the yearly R1.. even with the 4520 breakout. a bounce lower would not be far fetched at any time now. add in the all time fib and the bearish continuation wedge, and a few others. might be a good time for indicators and a peek at the daily candles.. trust but confirm, is my breakout view.. ..at least till 4655/71 ... i trust nothing. especially the ones trying to take my money.
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those who can, do. those who cant, talk about those who can
  • #427,367
  • Apr 24, 2011 10:41am Apr 24, 2011 10:41am
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings http://bit.ly/dJYnW8
  • #427,368
  • Apr 24, 2011 10:45am Apr 24, 2011 10:45am
Quoting gatorinla
could be... but the close above 4520.. is a bullish breakout. the one...
btw the s/r i have using mapa alone is 4648
those who can, do. those who cant, talk about those who can
  • #427,369
  • Apr 24, 2011 10:46am Apr 24, 2011 10:46am
Quoting gatorinla
could be... but the close above 4520.. is a bullish breakout. the one...
Cannot see the chart, but the description makes sense based on my own charts...

Wedge with support @ 4532ish has been broken to the topside...

However, it's a long weekend, and with thin volume we could continue sideways through Market open of both London and NY sessions...

I have doubts that we see anything grand or true direction for the first couple sessions this week...might still find a couple worthy trades though...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #427,370
  • Apr 24, 2011 10:57am Apr 24, 2011 10:57am
I'm guessing that DXY goes decidedly below 74 this week: http://news.xinhuanet.com/english201...c_13842843.htm


China should cap forex reserves at 1.3 trillion U.S. dollars: China banker



English.news.cn 2011-04-23 23:16:26



BEIJING, April 23 (Xinhua) -- China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.
The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.
China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.
Tang's remarks echoed the stance of Zhou Xiaochuan, governor of China's central bank, who said on Monday that China's foreign exchange reserves "exceed our reasonable requirement" and that the government should upgrade and diversify its foreign exchange management using the excessive reserves.
Meanwhile, Xia Bin, a member of the monetary policy committee of the central bank, said on Tuesday that 1 trillion U.S. dollars would be sufficient. He added that China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.
Tang also said that China should further diversify its foreign exchange holdings. He suggested five channels for using the reserves, including replenishing state-owned capital in key sectors and enterprises, purchasing strategic resources, expanding overseas investment, issuing foreign bonds and improving national welfare in areas like education and health.
However, these strategies can only treat the symptoms but not the root cause, he said, noting that the key is to reform the mechanism of how the reserves are generated and managed.
  • #427,371
  • Apr 24, 2011 10:59am Apr 24, 2011 10:59am
Quoting TIckerShuffl
Thing is, if commodities correct on dollar, are things like the AUDUSD and USDCAD the place to be. I am not comfortable with a position in those pairs, but it's very likely.
I've moved from EURUSD to AUDUSD because I feel more comfortable there. And the positive carry helps.
  • #427,372
  • Apr 24, 2011 11:03am Apr 24, 2011 11:03am
Quoting Magix
Cannot see the chart, but the description makes sense based on my own charts...

Wedge with support @ 4532ish has been broken to the topside...

However, it's a long weekend, and with thin volume we could continue sideways through Market open of both London and NY sessions...

I have doubts that we see anything grand or true direction for the first couple sessions this week...might still find a couple worthy trades though...
#426475 ... closing above 4520 messed up things.. but the month is still in play. now lets put a monkey wrench in 4520 thinking. 4520 comes from a closing broker (not a 24/7 one) the one most of my charts come from. is not a 24/7 broker,, so 4520 may be bs... on this broker, the week has still not closed. it will close when today does. but not 5est.. but at 00 est... lets c where we are then.. when this weekly candle closes.
those who can, do. those who cant, talk about those who can
  • #427,373
  • Apr 24, 2011 11:17am Apr 24, 2011 11:17am
Quoting mercy seat
Haa !


And viceversa here ... gator ...

I can see his charts ... but unfortunately not yours atm ...

Moreover "Quote Button" without any function ...

But now I am pretty sure about it ... that must be an FF trouble only at the current stage ...

Here it is nearly five o'clock in the afternoon here ...

Time to go out for a while ... "Osterspaziergang zum Feuer mit Ritual" ...

They are burning huge FIRES here then ... ein alter "BRAUCH" ...

Don't know ENGLISH words for that ...
old fashion

happy eastern.
Hero calls followed by margin calls...
  • #427,374
  • Apr 24, 2011 11:24am Apr 24, 2011 11:24am
Quoting PhAnTi'
old fashion

happy eastern.
Yes ... very old fashioned ...

Frohe Ostern Dir auch PhAnTi!


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #427,375
  • Apr 24, 2011 11:25am Apr 24, 2011 11:25am
Quoting rattyo
If your living in Canada lots of backwater places there where theres nothing maybe no signals hillbillies for neighbours farmyard out there back
do you know what Canada is?
The dreamers are the saviors of the world.
  • #427,376
  • Apr 24, 2011 11:30am Apr 24, 2011 11:30am
possible evolution
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  • #427,377
  • Apr 24, 2011 11:32am Apr 24, 2011 11:32am
Quoting AriX3
do you know what Canada is?
Urh it's a country is it not.

been there hundreds of times worked there as well. whys that?
rat
  • #427,378
  • Apr 24, 2011 11:37am Apr 24, 2011 11:37am
Quoting AriX3
do you know what Canada is?
It is easiest to disregard posts by the rat...she is caught in the crossroads of sarcasm and ignorance leaving her posts to come across as confused and worthless.

Of course there is also the fact that her brand of heinglish and lack of punctuation makes her replies seem random...

Overall, adding her to your ignore list or just simply ignoring her posts would keep you from trying to decipher the riddles of wording and nonsense in the content.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #427,379
  • Apr 24, 2011 11:48am Apr 24, 2011 11:48am
Well till the market open
I just saw something interesting ...A toy made by the pharaohs
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  • #427,380
  • Apr 24, 2011 11:54am Apr 24, 2011 11:54am
Quoting rattyo
Urh it's a country is it not.

been there hundreds of times worked there as well. whys that?
I see, so you were referring to yourself as one of those "hillbillies for neighbors"? gotcha.
The dreamers are the saviors of the world.
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