EURUSD

stopped +5...lol..

cmon chf give me 100 pips today.

;]

today scenario. i dont see short today ;]

TP target achieved, closed it out at the first target rather than wait for the lower end of it.

I just closed most of my shorts at +10 pips, my entry was at 9540, and no sooner then I had closed most of the trade, price shot back up and was floating only a few pips from my stop. Let's hope it goes back south and this is just a TOP. ^_^ Target is 9500-ish

Bit of a feel:

The record ADP number from US yesterday was overshadowed by intensifying worry on the never-ending European debt crisis. The anticipated risk rally didn't happen even though DOW, FTSE and DAX managed to close nearly flat. Asian markets are mostly down with Nikkei losing over -110 pts and put most currencies under renewed pressure against dollar. Investors will turn their focus to today's Non-farm payroll report for inspirations. But the tug-of-war between US recovery and European debt will continue and offset each others' impact on markets.

Regarding the non-farm payroll report today, markets are expecting 150k job growth in December with unemployment rate back up from 8.6% to 8.7%. Most of the leading indicator to NFP are positive. That includes yesterday's record ADP job growth of 325k. Four weeks moving average of initial claims dropped further to 370.8k. The employment component of ISM manufacturing jumped sharply from 51.8 to 55.1 in December. Even though the employment component of ISM services stayed below 50, it did improved from 48.9 to 49.4 in December. So, we'd very likely get an upside surprise in NFP headline figure today.



The NFP figured deteriorated sharply to a total of 290k in Q2, then recovered to 441k in Q3. So far, the combined number of October and November is 220k. So, any number above 221k in December should mark improvement in Q4 over Q3 and would be quite positive. And, judging from yesterday's actions in financial markets, traders had much reservation so far as some said that the ADP number was just too good to be true. Hence, there is indeed much room for risk rally if we do get a strong NFP number today.



Other than NFP, there are also a lot of important data to be released today. Swiss CPI is expected to show deeper deflation of -0.6% yoy in December. So far, SNB has refrained from raising EUR/CHF floor, nor implement negative interest rates. EUR/CHF is currently quite close to 1.21 support and deeper deflation reading would possibly trigger a rebound in the cross. Eurozone confidence indicators, retail sales, unemployment rate and German factory orders would be released but impact would be muted. Canada will also release job data which is expected to show 14.3k expansion in the employment market, with unemployment rate unchanged at 7.4% in December.

Waiting to break 1.28000, first target 1.28500

lets see. i am going for 50 pips atleast if not 100 pips. will not close early today. sell price is gud.

Morning buddy
just waiting for the right place to get in
im looking at top 96 & bottom 64 on the 1 min chart

Good morning mates.

Since the expected release for NFP is a high value, the EUR should be rising on hopes. On the other hand, it could stay in range play till then. Woke up this morning to see 2760 has played. Buys are getting in now. If this moves above 2800 before the release, I'll be anticipating a disappointing NFP which will take us to new lows. BTW, 2857 and 2745. Now to figure out the order in which they'll play. BTW, if NFP comes good, 2760 might have done the trick.

Current Position: Waiting...

More often than not the lead up the NFP is purely sideways PA.

Could be time to grab a coffee or a cold beer (depending on your timezone) its beer for me, and watch price bounce around a little

Good day mate!

yes, she shows some resistance but she will break.

89 is my spot atm. DAX showing some potential.

96 even better! what levels up there if break?

Down 63 to break, later 37 for pause.
_________________________________________
EDIT:

morning Motion

NFP player today yes. We must remain under 1,28 or at least 1,2833 till the big news.

Levels above would be 2834 if 96 is took out
but looking like good short coming up

Just closed even more of my position, 10% of position is still open and lets see how far it can go without hitting 9550 . Good luck !

made 50 pips in total on 2 sells. One kept pending.

such beaten up is this pair that 25 pips is also too much.

Closing the day with $8.7 million in profit from 22 pips.

try so hard to break the 2800 resist

donno talk shit here. show the proof.

I really hope we do so. I have 28203 to keep fiber in range. A disappointing NFP should create a spike to 2857/2865 levels then all hell should break loose. On the other hand, if NFP fails to disappoint, the bull run would just continue. By that time, I'll be watching for a textbook breakout style. Hope u saved ur piggies yesterday. I know we gonna catch some green pips today.