MADRID (MarketWatch) - Spanish gross domestic product fell 0.3% in the final quarter of 2011, the national statistics agency said on Monday, in a first estimate of the data. The statistics agency said growth fell owing to weak domestic demand, partially compensated by a rise in foreign demand. The figure matches a prediction from the Bank of Spain released last week. This is the first fall in GDP since the fourth quarter of 2009. On an annual basis, GDP rose 0.3% against the same period in the prior year. The Bank of Spain recently forecast Spanish GDP would contract 1.5% in 2012 and then see a "modest recouperation" of growth in 2013 of 0.2%. (Corrects to fix year in headline.)
- #589,723
- Jan 30, 2012 3:45am Jan 30, 2012 3:45am
- | Joined Jan 2011 | Status: my blog www.ijhas.blogspot.com | 1,038 Posts
Vol is getting stronger right under the 1,3145 resistance...i won't short such thing.
But like you said, let's wait for 70...if not it's heading towards 20 then 1,308x
No shorts for me until it goes back above 1,3200 though...ideally 1,327x
Long time no see,,
rocking and rolling I see ,thats nice ,
My short Technical Target for today is at 1.3024,,area
Cheers
aligater
born to speculate
- #589,731
- Jan 30, 2012 4:23am Jan 30, 2012 4:23am
That's what I am doing right now. I usually trade on M5, just for this one trade I use M15.
. Bag some pips while I could.
- #589,735
- Jan 30, 2012 4:32am Jan 30, 2012 4:32am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #589,739
- Jan 30, 2012 4:36am Jan 30, 2012 4:36am
- | Commercial User | Joined Feb 2010 | 13,260 Posts
Yo. Whats up Max? Have you been doing ok? Making some good pips?
I have put a chart up off the most recent eurusd 6 pip range bar chart. I use the range charts becuase they r AWESOME.Anyway we are about to hit the 2.0 extension which is right at support of 3119. I have been short since 3194 area when it retraced a litle last night. What r your thoughts?
hello mate, well the pips are coming slowly so far today, but they are green so that is good.
nice chart
I think we are entering a zone 1.311x to 1.308x that has held consolidation for hours on the last 3 trading days so possible that we can see that again here.
As for where I think, hard to predict where the markets are taking this pair so much political noise going on and nobody seems to have any real sense - to me that means the sheep will all be running wild instead of in a predictable direction (how you trade sheep is up to you eh!)
But current PA suggests that a retracement MAY be underway 1.2623 - 1.3232 and I think a break under 1.3080 will confirm this. How deep, who can tell but most end between 38% & 62% and most make an ABC pattern minimum so I was expecting to see a bounce of 1.308x for wave B followed by a deeper move down but as always we shall see if that holds up with PA.
