EurAnalysis

One and the same, but for some reason, that I don't know about, I got to be a commercial member and I cannot post on the forum

remove the website link from your signature line and you will be okay.

Oh ... alright then! Welcome "Shhhhh..."

Lets see if this can burst Up ....

Thinking bearish, I will look for shorting from this area.

You mean from the area of 1.3430?

Yes, more confident in selling from that area than buying it from where it is now..it's an expected level

Very true ..will be with you on Sale .. placing pending orders

Buy TP 1.3420 from 1.3350 (just in case)

As euro is pushing to the upside, there is a clear push in the dollar index too, thus a touch of 1.34 it's on the table very soon. Also, The touch of the colored area should reinforce a short from 1.3430-50 area, of course with some confirmations when price reaches that area. Will be looking forward!

That 1.3400 barrier option is being well defended and traders are playig along with it in the 1.3300/1.3400 range
A break of 1.3400 should trigger many stops... a perfect stop hunt for institutional traders who have the power to push it above the barrier. However, I really cannot see why anyone would do that other than for a snatch and run trade. As such, I think 1.3400 will hold. If not, then it's going to be a parabolic stop hunt move. Then it will be time to bring out the giant hammer once we touch the longer term falling trend line.

Key event to watch for today is the Euro unemployment data due out at 09:00 GMT

http://www.actionforex.com/action-in...0120402162616/

European Session: Orders and Options Watch

EUR: Cross-buying in euro against yen lifted the pair to an intra-day high of 1.3376 before running into indicated offers at 1.3380-90 and price has retreated from there. At the moment, option defensive offers remain ahead of 1.3400 barrier and some stops are placed above 1.3410 but fresh selling interests should emerge further out at 1.3440-50. On the downside, bids are still noted at 1.3310-20 with stops building up below 1.3300 but decent demand from Asian sovereign and East European names remain at 1.3260-70 with bigger stops placed below 1.3240-50.

JPY: On the first trading day of new fiscal year in Japan, the yen dropped across the board in part due to the release of weaker-than-expected Tankan report an high of 83.31 was hit in Tokyo and mixture of offers and stops in good size at 83.40-50 is now in focus, however, fresh offers from exporters are expected further out at 83.70-75 and also at 83.95-00. On the downside bids from U.S. investment bank and a French name (who bought the pair aggressively this morning) are still noted at 82.70-75 and also at 82.45-50 with stops building up below 82.20 and 81.80 (large).

http://www.actionforex.com/markets/economic-calendar/

My 2nd Bubble .. 1.3380 did n't burst ... PA back to Zero .. better now stay in the side line.

I better switch to M5 and see what is happening.

1.3350 might be the key here, Unemployment could also shape a direction...

Think every body executed Sale orders from 1.3380 ! Historical zone of selling ... no wonder

Overall EZ unemployment as expected at 10.8% vs an un-revised 10.7% last month with prior months coming in at 10.6% 10.4% and 10.3% respectively. Not a good picture here. Europe is definitely slipping into recession and the never ending debt crisis will not help things either.

Being a short week before the Good Friday and Passover weekend, I don't expect much in the way of range breaking moves. However, a prude trader/investor will probably be looking to cash in on some profits after such a smashing gain in the equity markets for Q1 2012. In short, if the range is busted, barring any contrary news from ECB or NFP, the likelihood is a break to the downside.

As always, time will tell.

http://theeconomiccollapseblog.com/a...n-dollar-party


Snippet:

Since Barack Obama was elected, the U.S. government has added about 5 trillion more dollars to the national debt.

That kind of debt is a recipe for national financial suicide.

How are we supposed to explain to our children that we are passing a debt of $15,579,852,946,457.64 down to them?

At this point, the United States government is responsible for more than a third of all the government debt in the entire world.

The 15 trillion dollar party that we have been enjoying has been amazing, but all of that debt is soon going to bring us a tremendous amount of pain.
And there is really no way out under our current financial system. As our population ages, government budget deficits are projected to spiral wildly out of control in future years.

Already, entitlement programs are starting to cause massive problems. For example, mandatory federal spending surpassed total federal revenue for the first time ever in fiscal 2011. That was not supposed to happen until 50 years from now.

If the federal government used GAAP (Generally Accepted Accounting Principles) like all publicly-traded corporations are required to do, the situation would be much worse.

The truth is that the U.S. government never had a "balanced budget" during the end of the Clinton administration. The federal government was borrowing gigantic amounts of money from the Social Security trust fund to finance regular government operations. It was a big fraud. Under GAAP, there would have been huge budget deficits during those years.
And even under the non-GAAP numbers used by the U.S. Treasury Department, the U.S. national debt still increased every single year during the Clinton administration.

So let's get real.

Snippet:

Most Americans do not realize this, but the Federal Reserve bought approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011.

Normally, the Federal Reserve is not supposed to be doing this.

But right now there are not nearly enough buyers of U.S. government debt at the super low interest rates that the U.S. government wants to pay. A recent Money News article explained that foreigners have been increasingly shying away from U.S. debt....

"In 2009, such foreign purchases of U.S. debt amounted to 6 percent of GDP and has since falled by over eighty percent to a paltry 0.9 percent."

Instead of interest rates on U.S. Treasuries rising to attract additional investors, the U.S. Federal Reserve has been intervening to make up the difference.

This is essentially "monetizing the debt" and it is something that Ben Bernanke promised that he would never do.
But he is doing it.

If the Federal Reserve was not buying up all this debt, interest rates on U.S. debt would soar and so would U.S. government interest payments.
Yes, this is a giant Ponzi scheme and it cannot last for long.

Of course all of this could have been avoided if our politicians had not been running up such massive amounts of debt all these years.

Kno's Comments:

After reading this article that is more than true it becomes clear that few people understand what has been going on. Most here and most likely everywhere who do understand cannot in normal terms accept the real situation since it is too painful to imagine and how can this be possible really ?

The sad part is History Does Repeat and it WILL HAPPEN !!!

Here is the last part of the article...

Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.
But our politicians always want to put off spending cuts for another day because they know that immediate spending cuts would really hurt the economy.

For example, just check out this recent quote from White House Chief of Staff Jack Lew....

“The time for austerity is not today,” Lew told NBC News “Meet the Press.” “If we were to put in austerity measures right now, it would take the economy in the wrong way.”

Yes, the Obama administration definitely does not want to hurt the economy with an election coming up in a few months.
So when will it be time to seriously cut government spending?
The day never seems to arrive.

But even though the federal government has been pumping more than a trillion extra dollars into the economy every year, the economy has not shown much improvement. The percentage of working age Americans that have jobs has barely budged for over two years.

Yes, the policies of the Obama administration have stabilized the U.S. economy for the moment, but if he was actually going to tell the truth he would say something like this....



"By mortgaging the future of our children and our grand-children I have stabilized our economic statistics for the short-term. Unfortunately, I am going to have to continue to financially abuse future generations to keep us from falling into another Great Depression. Meanwhile, I am making our long-term financial problems far, far worse. But the most important thing is that I win re-election so that I can continue to be president.


Thank you for being so selfish and so willing to destroy the future of your children. Vote for me in 2012 and let the party continue!"

Unfortunately, the party is going to come crashing to an end at some point.

Right now, the global financial system is based on the U.S. dollar and on U.S. government debt.

There will come a time when the rest of the world is going to get sick and tired of watching this Ponzi scheme play out and they are going to completely lose faith in the U.S. dollar and in U.S. government debt. In fact, there are already signs that this is starting to happen.

When faith in our currency and our debt is completely gone, it will be nearly impossible to get back and the game will be over.

The false prosperity that we are experiencing right now is about as good as things are going to get.

Enjoy it while you still can, because when it is gone that will be the end of it.

Both the Democrats and the Republicans have failed us. They played fast and loose with our future and they never planned for the long-term.

Now we are facing a collapse of unprecedented magnitude that most Americans will never even see coming.

A horrifying economic collapse is coming.
You better get ready for it.
http://theeconomiccollapseblog.com/w...ty-440x272.png

Not much on the menu till after NY open so I'm stepping out into the sunshine for a couple of hours.

Later all

Yeap, I'm also going to buy some antioxidants for my eyes

Can we have a party later once the 5000 mark is completed !?