EurAnalysis | Page 980 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #19,581
  • Jan 15, 2012 8:23pm Jan 15, 2012 8:23pm
Quoting gusbrasil
Hi, Kno
I'm just learning for now, that's why i don't have nothing to post.
Thanks for sharing with us your knowledge.
PS: We live close, I'm in Mississauga Ontario
Gus
Please post more often and any question is a good question. Keep learning.
  • #19,582
  • Jan 16, 2012 12:31am Jan 16, 2012 12:31am
GERMAN FM SCHAEUBLE - S&P DECISION ON FRIDAY HAS SHOWN URGENT NEED TO ACT ON LIMITING INFLUENCE OF RATING AGENCIES

SCHAEUBLE - GERMAN GUARANTEES FOR EFSF ARE SUFFICIENT

from this statement should take precaution on weaker euro
Bismillah
  • #19,583
  • Jan 16, 2012 1:36am Jan 16, 2012 1:36am
Quoting knoholygrail
47 Traders Viewing This Thread (15 are members) knoholygrail, clau777, Zyggy, gusbrasil, raiz, Invisiblehttp://www.forexfactory.com/images/misc/10+kt.gif, Viny, MagSla,...
So if you don't you are not?
  • #19,584
  • Jan 16, 2012 2:27am Jan 16, 2012 2:27am
GREEK PM PAPADEMOS

GREECE AIMS TO COMPLETE BOND SWAP, NEW ECONOMIC PROGRAM IN NEXT TWO-THREE WEEKS-CNBC INTERVIEW

CONFIDENT TALKS ON BOND SWAP WILL RESUME REASONABLY SOON, SEES MUTUALLY ACCEPTABLE DEAL IN TIME

BOND SWAP DEAL AND BAILOUT AGREED AT EURO SUMMIT SHOULD BE SUFFICIENT TO SUPPORT GREECE FINANCIALLY

GREECE LEAVING THE EURO ZONE IS NOT AN OPTION

Talks With Private Creditors Close To Agreement
Bismillah
  • #19,585
  • Jan 16, 2012 3:25am Jan 16, 2012 3:25am
http://www.dailyfx.com/forex/technic...al_EURUSD.html
  • #19,586
  • Jan 16, 2012 3:33am Jan 16, 2012 3:33am
http://www.actionforex.com/action-in...0120116157444/

Snippet:

Asian markets open broadly lower in reaction to S&P's downgrade of nine Eurozone states after Friday's close. Euro remains generally weak but the selloff is so far limited in Asia. The main reactions would likely be seen after European markets open and we'd anticipate deeper decline ahead in the day. There are talks that played down the significance of the downgrade as firstly it's widely expected for some time. Secondly, France was just downgraded by one-notch, which isn't the worst scenario.

Nonetheless, markets are worried on the potential impact of the downgrades, including reduction of lending capacity of the EFSF. Also, there could be revisions to EFSF, corporate and domestics banks that would accelerate deleveraging in the markets, which might accelerate the position squaring in euro and risk markets. After all, there is no scope for a sustainable rebound in the common currency yet.

Technical EUR/JPY

EUR/JPY Daily Outlook

Daily Pivots: (S1) 96.89; (P) 97.84; (R1) 98.50; More
Intraday bias in EUR/JPY remains on the downside for the moment. Current fall from 111.57 is expected to continue 61.8% projection of 102.53 to 97.27 from 98.80 at 95.54 next. On the upside, break of 98.80 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery.

In the bigger picture, current fall from 123.31 is part of the downside from 2008 high of 169.96 and should target 100% projection of 139.21 to 105.42 from 123.31 at 89.52. At this point, we'd anticipate strong support there to bring at least a rebound attempt, as it's close to 88.96 all time low as well as100% projection of 123.31 to 100.74 from 111.57 at 89.00. Though, a break of 111.57 resistance is needed to be the first signal of reversal. Otherwise, we'll continue to stay bearish in the cross even in case of rebound.
  • #19,587
  • Jan 16, 2012 3:50am Jan 16, 2012 3:50am
For Our Technical Traders Where do you support and resistance within the present range. I am looking at my 15 minute chart. There is not much news out today other than the normal all is well. The US Markets are closed and the spin started on Greece this morning on CNBC. I did one quick trade near 1.2672 however for the moment I will just watch price action. I would think first resistance is 1.2700 and if so I would short near there with tight stop at 1.2725. What are your views on this ?
  • #19,588
  • Jan 16, 2012 4:03am Jan 16, 2012 4:03am
Bearish outlook on EURO still intact.... Resistance is set at 1.27, 1.28 and 1.2880 only a break of 1.2880 would and could negate bearish outlook and could see the pair back at 1.30 levels. I have support at 1.2625 and a break would open path to 1.25 / 1.24

Markets currently in overbought territory and we could well see a test of lows today on Euro at 1.2625 but i will be cautious of shorting at this level and especially today, as US is closed. History has shown us that Mondays usually set the lows of which following trading sessions use to break to move further.

A much needed bounce will be welcomed and i personally would feel more convinced in my trade and shorting the pair at higher levels. So for time being im staying on the sidelines till the bounce occurs, if it occurs!

Above is based on a Daily time frame.
Cheers!!
  • #19,589
  • Jan 16, 2012 4:04am Jan 16, 2012 4:04am
Quoting knoholygrail
For Our Technical Traders Where do you support and resistance within the present range. I am looking at my 15 minute chart. There is not much news out today other than the normal all is well. The US Markets are closed and the spin started on Greece this morning on CNBC. I did one quick trade near 1.2672 however for the moment I will just watch price action. I would think first resistance is 1.2700 and if so I would short near there with tight stop at 1.2725. What are your views on this ?
Technically 1.2725 would be the resistance area (IMO)
  • #19,590
  • Jan 16, 2012 4:04am Jan 16, 2012 4:04am
Quoting rekon67
Anybody guide me with broker who provides reasonable swap rates or swap free?

I find my broker is charging Swap for Long and Short positions. May be the rate is quite ignorable but I'm not willing to pay the swap rates ... any suggestions, advice is welcome. Thank you.
Im working on a new website with daily updated swap rates from various brokers. Website is not done yet, but you can view the current rates there. Will be daily updated. All free.
http://www.carryswap.com
  • #19,591
  • Jan 16, 2012 4:05am Jan 16, 2012 4:05am
Quoting knoholygrail
For Our Technical Traders Where do you support and resistance within the present range. I am looking at my 15 minute chart. There is not much news out today other than the normal all is well. The US Markets are closed and the spin started on Greece this morning on CNBC. I did one quick trade near 1.2672 however for the moment I will just watch price action. I would think first resistance is 1.2700 and if so I would short near there with tight stop at 1.2725. What are your views on this ?
Good morning Kno and everybody else.

Today is a dead day in the markets. As you know the news is not good but not really bad enough to get the big boys playing in the market on a day off.

However, here is the latest on bids, offers and stops known to currently be in the market.

EUR/USD: Offers 1.2680/00, some buy stops above. More offers 1.2720/30. Bids 1.2600/25 ahead of barrier (1.2600). Sell stops on break of barrier.

EUR/JPY: Large bids 97.00/10 ahead of 97.00 barrier, talk of massive stops on a break of it. More barriers 96.50, 96.00, 95.50 and 95.00

Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #19,592
  • Jan 16, 2012 4:10am Jan 16, 2012 4:10am
Quoting hanslachmann
Im working on a new website with daily updated swap rates from various brokers. Website is not done yet, but you can view the current rates there. Will be daily updated. All free.
http://www.carryswap.com
Cheers mate..surely have a look and provide you feedback
  • #19,593
  • Edited 5:13am Jan 16, 2012 4:44am | Edited 5:13am
Quoting knoholygrail
For Our Technical Traders Where do you support and resistance within the present range. I am looking at my 15 minute chart. There is not much news out today other than the normal all is well. The US Markets are closed and the spin started on Greece this morning on CNBC. I did one quick trade near 1.2672 however for the moment I will just watch price action. I would think first resistance is 1.2700 and if so I would short near there with tight stop at 1.2725. What are your views on this ?
Morning Knoseph. These are my levels.

1.26250-1.26 roams a barrier of buy stops. That's the main demand so far. If it gets soaked up there are sell stops underneath.

I see the price pivot at 1.2675. Further support to the pivot earlier on.

FLive are talking about 1.2720-1.2730 offers. I see confluence at 1.27 for resistance (includes fibs).

Do you think the action will pick up at 6PM GMT when Draghi speaks?

..
Attached Image (click to enlarge)
Click to Enlarge Name: bariier.gif Size: 39 KB
  • #19,594
  • Jan 16, 2012 4:59am Jan 16, 2012 4:59am
If there was easy money lying around,no one would be forcing it into your
  • #19,595
  • Jan 16, 2012 5:01am Jan 16, 2012 5:01am
Quoting FXMindset
How's it going Invisible?

This is a difficult environment for TLs?
  • #19,596
  • Jan 16, 2012 5:18am Jan 16, 2012 5:18am
Quoting Tyoon
How's it going Invisible?

This is a difficult environment for TLs?
No time to see the chart yet,because busy with the new projects..quite boring,Just sit in the front of my laptop
If there was easy money lying around,no one would be forcing it into your
  • #19,597
  • Jan 16, 2012 5:30am Jan 16, 2012 5:30am
Quoting Tyoon
Morning Knoseph. These are my levels.

1.26250-1.26 roams a barrier of buy stops. That's the main demand so far. If it gets soaked up there are sell stops underneath.

I see the price pivot at 1.2675. Further support to the pivot earlier on.

FLive are talking about 1.2720-1.2730 offers. I see confluence at 1.27 for resistance.

Do you think the action will pick up at 6PM GMT when Draghi speaks?

..
I will not be impressed by any bond auctions as there is little question in my mind that if it goes bad the ECB will make sure it is not so bad to cause more panic. The main event to focus on is what happens for real with the Greek bondholders. At 50% writeoff there is big pain. If it is not voluntary and we are far from that it will have consequences. Do not lose focus from the main issue which is debt.

Here is the real problem as I see it. There is NO SOLUTION other than writing off the bad debts yet that would further weaken rhe banks holding paper. The politicians want to keep power so they will only do so much. Austerity in the end will only weaken the economy. The GAME will continue until it does not.

We are entering the end game and that is now clear to me. LTRO was supposed to help yet it is an exact repeat of the TARP and other short term solutions put out there. There is more money on deposit with the ECB since the banks are hoarding and not lending. That is the same in the USA.

Unfortunately very few understand this or really care until they do.

Watch Gold move up as they keep flooding the system with fake money. Whatever the politicians say listen at it and assume the opposite.

Draghi has little power to change things just like Bernake has lost his credibility and his power as well.

Do not misunderstand me in that I do say they still have incredible power until they lose it to harm the economy. They are fighting for the Status Quo as human nature can predict.

Once the US Bond Bubble BURSTS interest rates in the USA will go above 5% for the 10 Year US Bonds as less parties will want US Paper for clear to understand reasons.

Please keep in mind these are not free markets. These are RIGGED Markets and the GREAT PONZI Scheme will end sadly in a Black Swan event. Most of the world's economists are of the wrong economic school. Read Mises and the Austrian School of Economics.

Just as Gold is the Mortal Enemy of the Fiat system The Austrian School is not recognized in most of the world. Paul Krugman is a joke. Ben Bernake is out of his league. I look forward to the Jim Willie Report now scheduled for Wednesday November 18, 2012.

Most of the world's economists do not understand the problem since the only solution is natural and that is a healing of the system. I hope this post gives you some insight.
  • #19,598
  • Jan 16, 2012 5:40am Jan 16, 2012 5:40am
http://theeconomiccollapseblog.com/a...ngered-species

Snippet:

http://theeconomiccollapseblog.com/w...rd-233x250.jpgHave you ever heard of the dodo bird? Once upon a time, dodo birds lived on the island of Mauritius in the Indian Ocean. But if you go there today you won't find any because they are extinct. Well, if you are a blue collar worker in America today it looks like you are headed for a similar fate. Blue collar workers are truly becoming an "endangered species" in the United States. In the old days, the balance of power between business owners and labor was more even because they both needed each other. But today that has all changed. Thanks to robotics, automation and computers there is simply not as much of a need for physical laborers anymore and nothing is going to reverse that trend. Big employers will continue to look for ways to replace men with machines, and there is nothing wrong with that. But there is another major trend that is also destroying blue collar jobs in America that we should do something about.

Right now, it is perfectly legal for big corporations to shut down manufacturing facilities in the United States and send the jobs over to nations on the other side of the globe where it is legal to pay slave labor wages and where there are barely any regulations. As you will see later on this article, this has been the biggest reason for the shocking blue collar job losses in America over the past decade. The big corporations don't care that you need to pay the mortgage and put food on the table for your families. All they care about it the bottom line, and if dramatic changes are not made soon, the number of blue collar jobs leaving the United States will continue to increase.

Once upon a time, almost everyone who wanted a job in America could get one. If you go back a few decades, you will find that about 95 percent of all men between the ages of 25 and 54 had a job. Today that figure is struggling to stay above 80 percent.

If you are a blue collar worker in America, you are simply not valued. Your bosses are constantly trying to think of ways to replace you or send your job overseas.

According to Reuters, 23.7 million American workers are either unemployed or underemployed right now. The more "blue collar" you are, the more likely you are to be unemployed. The following chart that shows the unemployment rate during 2010 broken down by level of education comes from the Bureau of Labor Statistics....

Kno's Comments:

The end will come when citizen's understand who is causing the problems in America. The banksters, the FED and the Politicians. The slaves to the system will rise up either through electins or by other means. There can be no other ending. It is as simple as History repeating itself.

Any opposing views are most welcome here as all points of view need to be respected.
  • #19,599
  • Jan 16, 2012 5:51am Jan 16, 2012 5:51am
Quoting knoholygrail
I hope this post gives you some insight.
This have given me a bit more of an understanding here, however I a new to the overall subject of economics and the larger picture of the world. The majority of my life I have had my head in the sand and I am only just lifting it to face the music.

The more understanding and awareness I gain about the world the more ease I feel and closer to acceptance to the shit that could/will happen.

Few questions:

When you mentioning banks hoarding, when they start lending, who are they lending to? Other banks for banking liquidity? Company lending to increase economic productivity?

Generally, the more money that gets printed the more Gold prices rise?

If Draghi and Bernake have lost credibility, who are the ones with credibility? Who are the ones who are credible to make change? I assume it's not the governments but the boys with all the money.
  • #19,600
  • Edited 6:29am Jan 16, 2012 5:59am | Edited 6:29am
Quoting knoholygrail
http://theeconomiccollapseblog.com/a...ngered-species

Snippet:

http://theeconomiccollapseblog.com/w...rd-233x250.jpgHave you ever heard of the dodo bird? Once upon a time, dodo birds lived on the island of Mauritius in the Indian Ocean. But if you go there today you won't find any because...
Blue collar workers will be extinct when a robot (operated in China or by AI) can do my plumbing.

However the idea that blue collar workers will "rise up" to get their lower tech jobs back is as likely as that of the agricultural workers "rising up" to be able to work the land by hand.

However, what you are advocating (stopping corporations from freely interacting with global labor markets through regulation) is in fact central planning. It is socialism and not the good kind of socialism.

As for advances in technology creating social displacement... go read a book about the 1600's. Then read one about the 1700's. Then read one about the 1800's. Then... well you get the idea.
Kill the ego, or it will kill the mission.
213 traders viewing now