EurAnalysis

....

PERHAPS the most important event of the day will come at 2:15 PM EST at the Bernake Press Conference.

Most of us on this thread know the real truth of what the FED is doing as relates to QE and MANIPULATION and funding everyone with money printed out of thin air.

There are very HIGH expectations on both sides today. The WORLD is watching especially the POWER brokers in Davos. We are near meltdown in Greece. This is a real serious issue concening CDS and other related matters.

BE VERY CAREFUL TODAY !!!

Europe is GONE by NOON although larger houses might stay until near 3:00 PM EST to do some trading in light of news at 2:15 PM.

Watch what Gold does right after the announcement. Watch the Yield on the 2 Year, 10 Year and 30 Year US Bonds.

Finally whatever Bernake says or does a simple clue as to what he means is just see his answers as his agenda and the OPPOSITE of what he is telling us is probably closer to the TRUTH !!!

Today is an EVENT RISK...

One TP Hit @ 1.2960 ... New H4 Candle starting Up from the Intersection Point. expecting High 1.2988, Low 1.2921.

haha..ok2

I start of with EUR/USD at 1.2960 and then to EUR/JPY at 101.22

Then we move over to USD/JPY at 78.10

Now to GBP/USD at 1.5570 and USD/CHF at 93.22 and AUD/USD at 1.0469 with last of all my Canadian Dollar (YES) at 101.30

I posted all the prices since this is FED DAY and I want to compare where the money flows by the end of the day at 5:00 PM EST at Rollover Time.

Does anyone know that on a Wednesday there is Rollover for three days at once ?

I learned that about 6 years ago...

Now to Gold at $1655.63 US Spot and Oil at $98.19 US Spot...

The Dow Futures are down 41 now and ALL of Europe is down so RISK is OFF.... For The Moment...

The Yield on the 2 Year US Bonds is .24% now and the Yield on the 10 Year US Bonds is 2.04% with the SPREAD between them at 180 Basis Points...

If EUR/JPY goes below 101.00 it probably will bring EUR/USD down as well. Can someone post the charts that I suggested would be helpful ? Thanks ... As Dow Futures go down if they do then EUR/USD should come down as well. Watch Support and Resistance on the 5 Minute and 15 Minute Charts and DO NOT ASSUME ANYTHING...

Be ready for Trade Patterns between now and 9:30 AM EST.

Watch how the Markets BEHAVE once the MONEY FLOW STARTS at 9:30 this morning. Look at Large Calls or Puts that expire at 10:00 AM EST today and each day between Monday and Friday at 10:00 AM...

Is There a Put at 1.2900 in large volume ? Please check it out as it can have an effect.

Be aware Europe will close Positions or should before leaving because of EVENT RISK at 2:15 PM EST...


This is what I think about as I prepare to look for a trade opportunity and put a Trade Plan in place.

Have a safe and good trading day and now I am off for breakfast and reading of my email and local newspapers.

Bye For Now !!!

http://a2.twimg.com/profile_images/1...eam_normal.png @DailyFXTeam DailyFXTeamMember





Italy's Monti/Germany's Merkel sparring on ESM/EFSF issue. Monti: funds should be expanded; Merkel: no throwing money at ailing economies.




58 minutes ago via web

Soon Greece will be out of time. There should be MAJOR ARM twisting in Davos during the next few days along with some wild parties... Maybe Next Year In Davos.

The FED STATEMENT COMES OUT AT 12:30 PM EST with the Press Conference at 2:15 PM EST...

Did You Know this ? This is a recent new format. It was just confirmed on CNBC and again the benefit of having LIVE TV News next to you. At least it works for me. Three Monitors in front of me and a 26 Inch Sharp TV on my RIGHT hand side as I watch Markets change by the SECOND and SEE where the money is flowing and what the Street is doing and thinking. Trading Forex is FUN...

hope this will help

Hi Bruce,

I just wanted to let you know that we've got several high
impact releases scheduled for tomorrow, and among them the
Federal Reserve FOMC Rate Decision.

12:30pm US FOMC Interest Rate

Since there will be a webcast for Bernanke's Live Press
Conference, I'd recommend that you watch it live as the
market will be reacting to Bernanke today, you can find the
live webcast link below:

2:15pm FOMC Press Conference

Here's the list for other releases scheduled for today:

4:30am UK Prelim GDP

3:00pm NZ RBNZ Interest Rate Decision



Thanks,


Henry Liu

Looking to ride this one down...

CJ

Goooooooooooooooood Morning Y'all

All eyes are still on the IIF and Greece and we're also waiting for US home sales data as well as the Fed statement from helicopter Ben today. Wouldn't surprise me if the market completely ignores the home sales data.

Futures are a bit mixed, slightly "risk off" Looks like the money flow is into US$ and US bonds this morning. European equities markets are down today and so far the US markets exept for the Nasdaq are poised to open lower.


Daily chart printed a spinning top yesterday, right at the bottom of the daily supply zone. This one is very close to being a doji. That say's indecision in the market.

Seems resume of bear action ..or early call? 1.2880, 1.2730 two major points further. Watch the Mean (200, 100, 50) (Green Lines)

I am expecting more drawings from you in coming days...

Requires another 200 pips drop to eliminate this short-term Up seen ... before that one can play safe with tight SL between 50 Raff Upper-Lower Target.

If you have noticed the picture ... it is telling me it is going to create a Cup n Handle ... may be 1.2980 and above then?

fed ++bernanke will answer for us...huhu

I don't think anything shocking or newly revealing will come from the FED, so it will basically be a non event.

Why people stopped drinking Orange Juice today?! Guess that's why Gas formed

http://www.finviz.com/fut_image.ashx...30816475312500

Very limited connection,internet connection havent settle fully yet,took 10 times over refresh to post this

I feel for ya bro. You need to get that problem resolved.

Well this is the first time that they reveal interest rates projection and also explain their points of view. I also don't think they are going to change anything, but if QE3 is possibly priced into the EUR/USD it might disappoint a few people. And a moderate positive outlook could drive price towards the dollar, even if it's only shortterm.