EurAnalysis

WOW 0,5% CUT!!!

EU at 3270... Some bond auction gone well?

http://www.finviz.com/forex_charts.ashx?t=EURUSD&tf=m5

Timeframe: 5 minute | hourly | daily | weeklyhttp://www.finviz.com/gfx/nic2x2.gifhttp://www.finviz.com/fx_image.ashx?...14447553431250

Do we go over 1.3300 or back towards 1.3200 ?

News out of UK was bad. Yield on 10 Year is now 1.92% and Dow Futures are Up 12. USD/JPY below 80.00 at 79.80 and EUR/CHF holds above 1.2000 at 1.2012.

KEY ISM US Data at 10:00 AM EST

Watch Futures, Yen and Price of Gold...

Back Later

Timeframe: 5 minute | hourly | daily | weeklyhttp://www.finviz.com/gfx/nic2x2.gifhttp://www.finviz.com/fx_image.ashx?...14453988587500

http://www.actionforex.com/action-in...0120501164573/

Aussie tumbles sharply today after RBA unexpectedly cut rates by 50bps and issued a rather dovish statement. Also pressuring the aussie is house price index which showed -1.1% qoq fall in Q1 versus expectation of -0.5% qoq. China Manufacturing PMI rose less than expected to 53.3, is also weighing down sentiments a bit. Nonetheless, AUD/USD is hold above near term low of 1.0225 so far and markets are also generally staying in range elsewhere. Except that, yen maintains this week's gains, riding on the dissatisfaction on BoJ's pace and size of quantitative easing.

The RBA lowered the cash rate by -50bps to 3.75% in April as economic developments since the last meeting has weakened and inflation has moderated. The central acknowledged the growth later in the year would be 'below-trend' but a deep downturn is not likely. The Australian dollar, which slipped ahead of the meeting, declined further after the rate decision. Also, RBA delivered a more dovish outlook on the domestic economy, citing the country's output growth as 'below trend over the past year' due to both temporary factors as well as the 'persistently high exchange rate'. Policymakers also acknowledged that the job market 'softened'. Concerning inflation, recent indicators have shown a decline in price level. Over the last 4 quarters, core CPI was just 'a little over 2% while headline CPI also fell to just over 1.5% recently. Yet, the RBA anticipated that inflation will stay in the 2-3% target over years. More in RBA Cut Cash Rate To 3.75%.

The official China manufacturing PMI rose from 53.1 to 53.3 in April, below expectation of 53.6. Though, the number stayed above 50 for the fifth month, indicating continuing expansion. Pressure on further policy stimulus is somewhat eased. But the overall outlook is still gloomy. Today's data was in sharp contrast to the HSBC manufacturing PMI, which stayed below 50 for the sixth consecutive months in April at 49.1. The different weighting of the two indices, with the HSBC manufacturing PMI more towards smaller businesses, suggests that much is still needed from the Chinese authorities through adjusted liquidity release to the markets.
Regarding recent rally in the Japanese yen, especially the acceleration since BoJ meeting last week, MOF's Nakao said that the authories will be "vigilant about the market, and whether there's speculative movement for the yen's appreciation to take advantage of this timing." Nakao said they'll "continue to closely monitor the market with caution so we can act in a timely and appropriate manner when needed". Prime Minister Noda said last week that BoJ must take "bold" actions with "utmost efforts" to achieve the 1% inflation target.

Looking ahead, UK PMI manufacturing will be the main focus in European session and is expected to drop to 51.5 in April. Sterling has somewhat survived last week's poor Q1 GDP data and remained resilient against other European majors so far. Investors are seeing UK as the relatively better safe haven as European debt crisis resurfaces with focus in Spain. Also, there are still expectation that BoE would pause the quantitative easing after completing the current GBP 325b program. However, the pound would be very vulnerable to to downside surprises in upcoming economic data. Dollar will also face a number of tests this week starting with today's ISM manufacturing index, which is expected to drop to 53.0 in April.

No bond auctions today. Most of Europe is shut down for May Day (Hmmm MayDay. Isn't that a distress call? )

Markets are thin as a result and we all know what happens in thin markets, right?

Anyway, it looks like this pair is under the control of sovereign buyers and sellers as foreign currency reserves are re-balanced. There is also the ongoing Euro repat schizzel going on. I still expect the rising wedge pattern and the long term falling trend line to be respected though. A breach and close above 3285 area will invalidate both. Let's see what happens

Good morning folks.

What do we have on the chart?
Descending resistance line (RED) AND a little bit above confluence of 4-5 Fibo levels AND magic round number 1.3300.
This all together makes me think that this could be a possible “REVERSAL ZONE”, or if not reversal, then at least CORRECTION zone (GREEN)
If resistance line didn't hold, the 1.3300 should stop the price.
We’re now in a 5th wave of uptrend from April 16th, price is loosing momentum and a bigger correction is more likely then ever before.

But remember, many NEWS ahead this week
This scenario is rejected, when price breaks and holds above 1.3300.

hi buddy, i am now back home. i was actually working looking after a guy so i couldnt speak freely. If i remember what you said,,,it was i made a sell trade at 13232 then i made another trade at 13250 buy with a 1-0 lot.Really i shouldnt of made a trade on a sunday evening but i was wanting to show someone something. Anyway i traded at -50 at 13232 sell then i realised i was stupid so i counter traded at 13240 ish but with a higher lot stake (more than 1-0) and of course it went my way and i got some pips.lol

nice bill, market is in critical decision zone, although good for daily 40 pips (mine)

my main trade earlier is down but tomorrows another day. i just made a short on e/u at 13253 at .50, thats to show some one

actually it should of been 13258 lol

once you get consistent with hitting 40 pips, try taking 20 pips then compound it up another 16 to 20 or more on a good day, and you'll be big time quick

you mean increasing target from 40 pips to 40 + 20 = 60 pips. could you explain more on this.

The one who is 'Honest' will be always 'Crystal Clear' from heart and the one who is 'Crystal Clear' from heart will always be happy....So its all about heart

am missing something here ....

guys .... u all are awesome


okay.. this song is for you

HEAVEN... I loveeee this song...plz listen

Have not seen pipkiller for long days ... is he ok?

Yes you are missing his/her post...I dont know why he/she deleted the post....

Yes he is fine. I just chatted with him 2 days ago.
I am sure he appreciates your concern