EURUSD

I've heard you are 'experienced'.

@Exit:

Who are you? Have you ever been on this forum before? Im noticing some similarities.

Nah, I have no feckin clue what I am doing if you follow the consensus of the loudmouths in here.

Bro, I am waiting for 1.3170 last 6 hours you are talking about 1.39xx ????

Risk Aversion Returns on Europe Election Jitters and soft PMIs
Major FX markets are kicking off the week in a jittery mood and EURUSD has already given
back most of the gains made late last week with EURUSD trading back under 1.3150 just ahead
of the American session open. The driver of the EUR sell off is risk aversion, thanks to election
uncertainties returning to the fore in France and Holland. In addition, surprisingly soft PMI data
from Germany and the EU, have taken the shine off last week’s solid German IFO and ZEW
surveys. The key German manufacturing PMI in April fell to 46.8 against expectations of a small
rise to 49.0 and this dragged down the EC PMI to 46.0 from 47.7. The uncertain political
outlook in France is clearly the major concern for investors. In the first round of French election,
Socialist Hollande and President Sarkozy both won through into the final run-off on 6 May with
Hollande gaining 28.5% versus 27.1% for the incumbent. The fact that President Sarkozy trails
behind Hollande is causing anxiety as Germany may lose an important ally. This risk was
magnified by the collapse of budget talks in the Netherlands as it increases prospects of early
elections and rating agency downgrades (by Fitch). The cloudy political and data landscape in
Europe is overshadowing a successful deal by G20 finance minister to sign off an extra USD
430bn to IMF rescue firepower. The negative impact on EURUSD is also now a technically
interesting issue. The short term 50-day moving average was not successfully breached on
Friday and instead the 1.3204 moving average level held. Failure to rally above this level leaves
spot downside in view with the 100-day moving average at 1.3121 looming. Below that, there is
the 50% fib retracement on the 2012 trading range that comes in at 1.3066 and the 61.8%
retracement at 1.2961. Rarely are there so many big technical levels so close to the EURUSD
spot rate. This means that further negative EUR political and economic newsflow in the days
ahead could trigger a cascade of stop losses to the downside.

Why don't you start thinking for yourself instead of quoting some rubbish crap you find on the internet. That sh!t is about as useful as a chocolate teacup.

cloggie the silencer

it was eazy for him just Copy and Past

It's early to be posting monthly stuff up because the candle is still open but i want to point this out here because we may have it a low for the week today. If bulls want to make a move, they will attempt to close the monthly candle bullish ona failure of 1.3 which takes it back to the open at 3360 minimum by the Friday/Sunday-Monday . This is all possible if today's low holds as the low for the week.

Friend, i dont find it on internet...i receive every day reports of financial analists of important banks...
I just want share it with you...sorry

Cloggering time. I don't mind if guys get it wrong, as long as they think for themselves, repeating some crap that a 12 year old writes so he can sell advertising on a blog is absolute tosh.

Feckin heck, I had that shit for 20 years in the City, we wrote that shit for the muppets, never ever to be disseminated internally. I always loved to get at least a paragraph in those reports that were so meaningless that nobody could ever figure them out. The kids writing them are usually the ones on work experience, or the kids fetching the coffee for me that had a bit of time on their hands.

Analyst write crap for muppets, traders trade, there is such a huge difference between us that we speak a different language and we kept them in a dark corner in the basement somewhere.

A bank writing a reports means that the desk will be shorting whatever the analysts/sales guys are flogging. Banks use reports/analysis to flog crap that they don't want to hold themselves.

If you believe a word written in there, I got a bridge I want to sell you.

1.3150 done! What now quick up to 3220?

hda, still short? haven´t been here for today and I respect your thoughts and opinions...i´m seeing some potencial for go up, and eurjpy too...what do you think?

I wouldn't go that far. Yesters I think you mentioned you actually enjoy taking on the big boys and getting the better of them. In terms of the motivation for trading well, that's better than thinking about the bank balance right? Will we do better if we treat this as a game of chess? Would you reccomend any reading material on the subject of trader psycology? Did i spell that right?

move above 1.3161 would be massive


be careful!

A pip short of the next level here.

A good close above 3158 here will negate the entire day's drop and we will be back where we started last night.

i guess he close it today (after rejection)

@xandi:

The EUR is very stubborn VERY VERY STUBBORN and traders are getting tired of her stubborness. I'm still short with 1 yard - but she is asking for a slap.

Why is she so stubborn I dont know?

If I had a trillion dollars I would fix her business

@exit:

Have you ever been on this forum before?

what way the euro dawgs goin today ?