EURUSD

I agree with you bro that the long term trend is bearish but I think for today it will be up. can't see anything to pull it down today. may be will think of selling tomorrow.

Thank you very much, and I know that we have to break the channel first (but i'm thinking ahead of the time - it is sometimes very bad for me unfortunately )

POS hit my SL o well win some... (and yes its free to go in my direction now)

-14 for the day will see what NY brings. G/L all

Boy don't I know that song....it's just trading...I was sitting through a bad drawdown and just when I thought it was going south again, I closed the loss and then it goes back up to where I f*&king bought the thing....oh well. Marching forward again....

Damm north again grrr

just a few more xD

you will be -100 everyday if you continue trading like this.

The following is a press release from Fitch Ratings:Fitch Ratings-London-10 January 2012: At today's London date of Fitch Ratings' annual series of European Credit Outlook events, its panel of speakers will discuss some of the major themes impacting the credit landscape in Europe this year.

The event focuses on the outlook for Sovereigns, Banks, Covered Bonds and Structured Finance. Below follows some key quotes from Fitch's panel of speakers.

Sovereigns:
"With Eurozone countries needing to borrow approximately two trillion euros in 2012, the sovereign credit and economic challenges the region faces this year are underlined by the fact that more than half of that debt is by governments at risk of rating downgrades," said David Riley, Group Managing Director and Head of Fitch's Sovereign Group.

"The ability for countries to generate sustained economic growth this year will be a key issue, with Fitch forecasting a shallow recession for the Eurozone in 2012 as tough austerity measures continue to bite and consumer and business confidence remains weak. The risk of a vicious cycle of stagnating economies fuelling worries over the solvency of some governments and banks is a real one. More positively, the unwinding of the imbalances that led to the crisis is well underway and the headwinds from deleveraging and austerity should begin to ease towards the end of the year, supporting a gradual economic recovery that could mark the beginning of the end of the crisis," added Riley.

Banks:
"We enter 2012 with something of a north/south split in terms of the Issuer Default Rating Outlooks for major western European banks. The Outlook is mostly Negative for banks in countries like Spain, Italy and Portugal, primarily reflecting the rising sovereign and economic concerns and their implications for banks' funding costs and access and for their asset quality. The downside risk is cushioned to a degree by an increasingly accommodative ECB but exacerbated in Spain by the country's intense real estate crisis," said James Longsdon, Managing Director in Fitch's Financial Institutions Group.

"In the north of the region, Stable Outlooks are more commonplace. This partly reflects less acute economic and funding pressures but also, for a number of issuers, Fitch's expectation that the willingness and ability of national authorities to support their major banks remains high, should this be needed," Longsdon added.

Structured Finance:
"Structured Finance transactions in Europe have held up very well throughout the crisis and Fitch expects total losses to remain very low at 2.6% of original outstanding balance. Particularly, transactions backed by consumer assets such as residential mortgages and auto loans are performing well helped by low interest rates. This underpins our overall stable rating outlook for the sector. This is challenged though by sovereign and bank credit issues, particularly in a country like Italy where bank credit quality and sovereign credit are getting closer to the point where we may no longer be able to support AAA ratings on structured finance transactions," said Marjan van der Weijden, Managing Director, Structured Finance, Fitch Ratings.

Covered Bonds:
"The outlook for the Covered Bond sector is stable for two thirds of the rated portfolio. But there is a clear split between peripheral Europe - Greece, Portugal, Ireland, Spain, Italy and Cyprus - versus the rest of the world. 26% of our ratings are on Rating Watch Negative predominantly because of sovereign and bank credit concerns in peripheral Europe. Any further credit deterioration reflected in negative rating actions of these sovereigns and banks in these countries could result in rating actions on the covered bonds. On the other hand, covered bond programs in more stable countries are not so sensitive to further credit deterioration," said Helene Heberlein, Managing Director, Covered Bonds, Fitch Ratings.
Entitled 'Crisis Shapes New Credit Landscape,' Fitch's European Credit Outlook events will also be visiting Frankfurt, Paris, Stockholm, Milan and Madrid later this week and next. See 'Fitch Hosts 2012 European Credit Outlook Events,' at www.fitchratings.com for further details.

lol. didn't i say we are goin up for today. everybody was targetting me here.

S @ 2793

never mind. you have enough winning trades in ur kitty. one losing trade does not end the world for you.

sitting firm atm.

quick coffe.

both cable and EU stopped their run at a big number 1.55 & 1.28 short on both

bro, i hear ya too.........

A h1 close above 1.2804 will give us 1.29 today itself """"""""" cool ha @ p
will be almost a smooth ride on to 1.29 ' debate s welcome ?

I expect a rise upto 1.2848 but 1.2900 no way possible this week atleast...

and she came back ...and gave the levels a re-load!!
only gave the first level but feck it...so what happens at 92...well...cover all...short the bastard and wait for another dip...i dont see 800 giving it up just like that...but not for too long first maybe at 780...764...and we back! e/cad seems stuck down there at 3010....so if lockahart was anything to go with i see lousy ass figures out of NY...but they like to test lows so lets see how landee goes.

For now short @ 92...waiting for BE and i'll be on my way to some other pair.

yeah agree....not so sure it will be smooth

lets see in ny session '' what is really due ? i Think EU atleast can touch 1.29 in ny session today if it closes above that mark , but may not close daily candle above 1.289 ofcourse'