EurAnalysis

On Your Marks Get Set Go

Watch the direction into the open. 1.2933 anf Go

I first look at Gold and vSpot is up at $1624.80 US Risk On or Safety in Gold. Dow Futures down and French Bonds to be placed later today as I just heard on CNBC.

I set my Benchmarks and EUR/USD is 1.2939 with EUR/JPY at 99.33 with USD/JPY holding at 76.75

Who made that run up on the 5 mins before London? Was it London getting in early or Franky anticipating?

Haha, almost read your post as:

Today french auction should be interesting event for euro dolar

http://www.actionforex.com/action-in...0120105156691/

Snippet:

Daily Report: Euro Remains Soft ahead of French Bond Auction

Euro remains soft after overnight's selloff, with EUR/USD pressing 1.29, EUR/JPY below 100 while EUR/AUD is hovering around record low. Focus will first turn to France's bond auction today. France plans to sell up to EUR 8b in debt today, including securities that mature in 2021, 2023, 2035 and 2041. Markets are still waiting for actions from rating agencies after S&P placed 15 eurozone nations on review in December while Fitch cut France's rating outlook. Euro has been weak since yesterday's lackluster and today's result, if uninspiring, would possibly trigger deeper selloff.
Economic data would remain the a major focus too. This week's risk rally has been triggered by a string of solid manufacturing data. and investors will look into UK PMI services, US ISM non-manufacturing index and Canadian Ivey PMI today. In addition, attention will be on employment data from US where ADP employment, Challenger job cuts and initial jobless claims will be featured. Any upside surprises there would provide support to stocks and commodity currencies. Other data to be watched include Eurozone industrial new orders, and Canadian IPPI and RMPI.
Released earlier, Australia's trade surplus unexpectedly shrank to AUD 1.38b in November. Both mining export volume and value, including lump iron ore, hard-coking coal, eased over the month due to decreased demand from China. Meanwhile, imports of capital goods increased. The resources boom boosts imports of capital goods as domestic production is insufficient to meet demand of miners.
PBoC suspended three month bills auction for another week today as short-term lending rates jumped ahead of Chinese new year. That surge in demand for funding offset PBoC's cash injection to the markets. Liquidity condition in China is expected to remain tight for a while. Though, it's widely speculated that PBoC would lower the bank reserve ratio again once, or even twice later this month.
EUR/JPY Daily Outlook

Daily Pivots: (S1) 98.80; (P) 99.52; (R1) 100.00; More
Intraday bias in EUR/JPY remains on the downside for the moment. Current decline is expected to target 61.8% projection of 123.31 to 100.74 from 111.57 at 97.62 next On the upside, though, considering bullish convergence condition in 4 hours MACD, break of 110.30 minor resistance will suggest short term bottoming and bring stronger rebound to 102.53 resistance and above.
In the bigger picture, EUR/JPY moved further away from the falling 55 weeks EMA and affirmed the case that downtrend from 2008 high of 169.96 is still in progress. Sustained trading below 100 psychological level should pave the way to 100% projection of 139.21 to 105.42 from 123.31 at 89.52, which is close to 88.96 all time low. On the upside, break of 111.57 resistance is needed to be the first signal of reversal. Otherwise, we'll continue to stay bearish in the cross.

cool link re: ez sov debt issuance schedules, thanks to sisse....

http://europa.eu/efc/sub_committee/e...9/index_en.htm

Remember Your Assignment on Option Expiry at 10:00 AM EST

Anything at 1.2850 ?

I rember all. Teamwork is important. Good Going. I am watching and listening to CNBC now and watching the flows. Watch Gold as it moves around. Gold up and US Dollar Index down most of the time. Watch USD/CAD which is now at 1.0131 as Oil is at 103.28

Some Charts on EUR/USD and EUR/JPY... Thanks ... 15 Minute.

At 8:15 AM we have ADP which could be a market mover and then Jobless claims at 8:30 AM. Watch these two as it leads into Big Daddy on Friday NFP and anything below 175,000 will not be good for market as perception is high on turn around in USA. We have movement down now.

Overview/Top Headlines***
- Markets continued to be weighed down by EU debt crisis; Greece continues to warn that it may have to drop out of the EU within 3-months in an uncontrolled default. Asian indices that were in positive territory failed to hold their upward momentum, with risk aversion and some profit taking from yesterday's rally. Euro remained weaker against the USD, $1.2920 and yen ¥99.10. The greenback found modest strength against the majors and weakened against the emerging market currencies. Oil eased off its highs in the US session as the US and EU take additional steps to implementing fresh sanctions against Iran. Reminder that Iran has warned any embargo would lead it to close off the key Gulf oil shipping lane the Strait of Hormuz. Corn and wheat contracts fell while copper and silver both gained 1.1%.

guys I am also in for this forum '' let me give some views ' and also exchange some '' and have some fun '''' with the trades here '' will be posting my views with supporting charts in a while ' wish you all quite a good trades

And Now I Hand Off To You.

Hi guys. When your terminal is off and you have some time, check out a thread I created; Kno's Golden Nuggets

Thanks Kno

short @1.29331
yesterday London closed gap is now closed, lets see what happen now

Good Trading and now I get to hear Audio Live Feed of all news including ADP number at 8:15 AM which I will try to post within seconds so we can see if it moves markets before Text is out all over the internet. Of course it is live on places like CNBC however not all trader's tune in to those sources.

Please look at correlation between the two compared to my earlier benchmarks.

Thanks for the Nuggets !!!

short breakout trade


news im guessing about japan and efsf bond buying?

Opening Up 1.25 area in this month ?!

Sign

Assignment on option expiry? Sound so formal Will write some on different option types and their effect on the market over the weekend but I will not research into the different option expires on FX.

Have covered all my trades for this week almost at my monthly target so in no hurry. DisneyOnIce with the family today and friday tomorrow, which is a no trading day for me.

We should get a retrace soon.

covered all here