EurAnalysis

my broker quotes only 2 decimals and my sell was at 32.12 lolz.

The markets expectations are at a high. The USA avoids a double dip recession if the Eurozone solves it's problems.

There is a very important date coming up on October 23, 2011 which is one week from now.

Is there any possibility that they will solve the Greece debt problem by then ?

They are talking about haircuts of 60% now.

Noyer just ruled out Euro zone defaults after Greece. There are Banks that have to agree to haircuts. There are 17 countries in the Euro zone. The German public is not happy. The Greek public is not happy. The Italian public are not happy. The IMF has it's position. Geithner has his position.
The ECB has their position. the G-20 just told the ECB to solve all the problems in 8 days... Now it is one week. The markets are at the top of resistance.

There are central bank meetings over the next two weeks. The FED meets for two days on November 1 and 2ND at at 2:15 PM they announce their position. We have Non Farm Payroll coming up the first Friday in November. The G-20 meet in Cannes, France on November 3RD and November 4TH

Is there any possibility that there will be no negative information over the next 15 days ?

What do you think ?

I think BUY THE RUMOR SELL THE NEWS !!!

However watch Price Action and be in no rush to ride this baby down. You cannot lose waiting for the right moment to enter. Look at Support and Resistance on the Daily Chart and 4 Hour Chart and 15 Minutes and 5 Minute if you are a scalper.

Be patient. Be Wise. Be smart and use your Common Sense.

http://www.forexpros.com/news/forex-...r-17-21-225621

Snippet:

Forexpros – Last week saw the euro rally against the U.S. dollar, climbing to a four-week high on Friday, boosted by optimism over a proposed plan to resolve the financial crisis in the single currency bloc.

On Friday, France and Germany appeared to move closer to an agreement on a plan to recapitalize European lenders, bolster the firepower of the euro zone’s bailout fund, the European Financial Stability Facility and restructure Greek sovereign debt.

At the conclusion of the G-20 summit on Saturday, world financial leaders urged the region’s leaders to deal “decisively” with the crisis. European leaders may complete the rescue plan at a summit on October 23, in time to present to a meeting of G-20 leaders early next month.

Risk appetite was also boosted after data on Friday showed that U.S. retail sales rebounded in September, increasing at the fastest rate in seven months.

The Commerce Department said sales rose 1.1% last month, after a revised 0.3% increase in August, outstripping expectations for a 0.5% gain.

Commodity linked currencies preformed strongly as risk appetite sharpened, with the Australian dollar closing at a one-month high against the greenback after its biggest one-week rally in almost three years.

Elsewhere, the pound hit a one-month high against the greenback on Friday, moving in lockstep with the euro but concerns over weakening economic conditions in the U.K. saw sterling remain lower against the single currency.

Earlier this month, the Bank of England embarked on a second round of quantitative easing, in an effort to stimulate demand in the faltering British economy.

Meanwhile, the yen fell against the greenback on Friday, after Japanese government officials said they were ready to take fresh steps to curb the appreciation of the yen as soon as next week. The steps may include more funding to encourage Japanese firms to acquire overseas businesses and natural resources but are not believed to include a tax on currency transactions.

In the week ahead, any signs that European Union leaders are making progress on steps to contain the debt crisis in the euro zone look likely to continue to support risk appetite. Meanwhile, the U.S. is to publish a string of economic data, with reports on manufacturing, housing and inflation to come.

Ahead of the coming week, Forex Pros has compiled a list of these and other significant events likely to affect the markets.

P.S. I do not endorse any commercial content on this Free Website.

take this guy's advice i say next supply at 4000. im long till there.

This link gives much up to date news and other information.

Enjoy !!!


http://www.usagold.com/dailyquotes.html

http://www.businessweek.com/news/201...c-trading.html

Rangers in 5. Just too much power.

Its counterintuitive, i know, but all the bullsht can be temporarily washed away on a flood of QE.

I'd look for only an epic fail to precipitate a big euro sell-off. The losers need to have their say - they might not go down so easy.

http://www.telegraph.co.uk/finance/f...rand-Plan.html

Correction? What do I win? Aint we in correction now?

Anyway, seems like a another hint for a final breakdown. Wonder if Merkozy delivered their "Final solution".

T.

http://www.g20.org/pub_communiques.aspx

The last was in April 2011 and then there was ...

Clarification please...

http://www.g20.org/pub_communiques.aspx

Rofl, what a surprise. "Final solutions" term was moved into next meeting at 23. Oct. Nevertheless, Timothy Geithner heard "encouraging things from european partners." Good job partners, good job Timothy.

http://online.wsj.com/article/SB1000...EFTTopWhatNews


T.

different newspaper says geithner is secretly worried.

I wonder if the owners of the newspapers also play forex?

http://www.telegraph.co.uk/finance/f...rand-Plan.html

I was just responding to Fools post about of Summit at Seoul, which was at Nov 2010. I dont examine Communiqués. Btw, next statement was at 08th Augus, which was the best bearish attempt during 7.1.2011 - 11.7.2011 cycle.

You may see it in the link you just posted. What kind of clarification do you mean sir?

T.

Nice observation sir. Funny indeed, thats why I read more news. I dont read daily telegraph thou.

T.

im sad there are no charts yet..

i will start

forget arrows, thats if it bounces...
pretty bullish supply at 4000.

im all long.

most of the anglo-saxon world newspapers and some of the feeders into other newspapers eventually end up as subsidiaries of News Corporation, owned by billioaire rupert murdoch.

I am not a conspiracy theorist, but I can't help but think about how he could use the press to create fear and hope in nice intervals where he and his friends take the trade.

Everyone here thinks of fundamentals, and many fundamental ideas come from news.

I just know prices in US are dirt cheap from personal experience...makes me think euro is overvalued.

true. and the world is in shit, and we should run for maybe one currency that would stay strong... swissie? krona?

tou could prolly get rich fading the telegraph

Neokortex says run. Better load guns.

No seriously, this is ridiculous guys. Fok em all, just go with the flow.

see this is what i don't know. my world is not in shit. I have good salary and switzerland is just fine. my family in usa they are not in shit either.

So the only way i know about shit is what news tells me!

When i drive around germany or france, i don't see shit, just nice little towns with nice homes and pretty gardens, and lots of people driving nice cars.

Food is pretty good too.

So i don't see the shit. Even in greece, the holidays are still fantastic.

but i guess if the world is in shit, i have to believe it....just dont experience it. Different for others?