EURUSD

booked out of longs

Safe longs exit here...

1 min range washer has been started to raffle tickets on journey to north or south.
May take some time, maybe hourly close should push it into a direction with news.

Need a clear break down on usdsek for eurusd to break upside.

Break but not clear as yet.

agree 100 % patience is key

hmmm not much... only watching movment

nice order , i took @ .3956 sl @be


edit :

Because EURUSD hit 1.3955 and has moved down 15 pips already.

Regards,

Josef

On Europe, expect to be disappointed tomorrow

25/10/11 @ 08:12 GMT by Michael Derks, Chief Strategist

Given both the multitude and the complexities of the issues that Europe needs to address, expecting that all could be resolved by tomorrow was always impossibility. Of course, the task has been made much harder by the exceptional financial constraints faced by most of the eurozone’s sovereigns and Europe’s clunky governance structure which significantly prolongs decision-making. As such, we can expect to be disappointed tomorrow.
That said, it must also be conceded that steady and deliberate progress is being made on a number of fronts. On the EFSF, the proposal whereby the facility would set up a fund to guarantee bond-holder losses on new sovereign issuance appears to have gained sufficient acceptance, but as we have suggested previously, this is no more than simple financial alchemy. Critically, even if European leaders announce tomorrow that the EFSF’s capacity has been raised to, say, EUR 1 trln, no European sovereign is being asked to contribute extra money in the near term. Another EFSF proposal that was circulating in Brussels last week was bringing forward the timetable for the temporary (EFSF) and permanent (ESM) rescue facilities, by mid-next year. Discussion on this idea seems to have gone quiet, and not surprisingly because most of Europe’s largest sovereigns simply will not have the cash to contribute hefty sums to the ESM by then.
On the subject of potential non-European contributions to the EFSF from the likes of the IMF and the BRIC nations, this remains under serious discussion, although it is too soon to expect a definitive announcement on this tomorrow. Firstly, a number of the IMF’s heavyweights, such as the US, Japan and the UK, pushed back against a suggestion two weeks ago that their contributions be lifted significantly in the short term. Secondly, the IMF would be extremely reticent about providing loans to sovereigns where they did not have preferred creditor status. And finally, the IMF would probably want a great deal of say in how the money was spent; if not, then it would certainly impose strict conditionality on how the funds were disbursed. A lot of water will need to pass under the bridge before this one is resolved.
On Greek debt haircuts, reports suggest that the two sides are still far apart. European negotiators are attempting to convince the consortium of bondholders to accept a haircut to face value of 60%, which equates to a reduction in net present value (NPV) of over 75%. However, negotiators from the Institute of International Finance (charged with representing the bondholders) have offered a voluntary reduction in NPV of 40%, up from 21% at the time of the July deal.
With so many of these issues still in flux, Europe will try to talk up its response tomorrow in front of the assembled international media but unfortunately the substance will be lacking.

no dude,
i was not critisizing you.
i asked why because the other dude said ( You lucky bastard ) as if you were already in the position......

bull sll strong

You think this

Indeed...there should be another shot towards 1,397x area

try my luck short too

What is your target for this trade?

Regards,

Josef

so far ugly and ranging and disgusting day... +9 so far all i got

Anyone see that the market is too slow and seems to be without volume ?!

i did not had fix target , but i was expecting 100+ move. step out for few minutes got stop out for +0.4 pip

demand and supply togther figthing n break time heheee

Really wants further upside but there is some load to be cleaned up first.

Where are you happy newsman?

Once inside 1,3970-1,4000 i expect a correction with 1,3830 as first tp...then 1,3770 if the first one is broken