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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #41,201
  • Jul 5, 2012 9:50am Jul 5, 2012 9:50am
Usd losing steam fast
  • #41,202
  • Jul 5, 2012 9:51am Jul 5, 2012 9:51am
lets go euro, up up a little bit. please?
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  • #41,203
  • Jul 5, 2012 9:53am Jul 5, 2012 9:53am
Quoting D2tz
Usd losing steam fast
Ranging big-time. Check out last two 4hr bars. Crazy.
  • #41,204
  • Jul 5, 2012 9:57am Jul 5, 2012 9:57am
Quoting FXSwissTrader
Ranging big-time. Check out last two 4hr bars. Crazy.
Precisely it shot up pretty darn hard yet u/c barely moved. Imagine it slows down. Quick reversal.
Not sure if it's wishful thinking a this point
  • #41,205
  • Jul 5, 2012 9:57am Jul 5, 2012 9:57am
http://www.nationalgoldgroup.com/images/eco.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #41,206
  • Jul 5, 2012 9:58am Jul 5, 2012 9:58am
Quoting D2tz
Usd losing steam fast
You've taken lots of drama classes I see. Fast?
Those who say it cannot be done should not interrupt those who are doing it
  • #41,207
  • Jul 5, 2012 9:58am Jul 5, 2012 9:58am
Goldman Raises Tomorrow's NFP Forecast By 50K To 125,000

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 07/05/2012 10:31 -0400

Following today's two better than expected employment data points, it was only natural that the world's fastest revising bank would go ahead and promptly revise their forecast for tomorrow's NFP higher. Sure enough...



Revising Up Payroll Forecast; ISM Non-manufacturing Index Falls

1. We are upgrading our forecast for tomorrow’s nonfarm payroll report to +125k, from +75k previously. This week has featured five better-than-expected pieces of news relating to employment: 1) a relatively robust employment index in the ISM manufacturing survey, despite weaker activity overall in the sector, 2) a substantial month-over-month increase in online job advertising, 3) a much better than expected ADP employment report, 4) slightly lower new jobless claims (although it should be noted these pertain to a time period after the June employment survey was taken), and 5) an improvement in the ISM nonmanufacturing employment index. Despite the upgrade to our payroll forecast, we still expect the unemployment rate to hold at 8.2%.

2. The ISM non-manufacturing index fell to 52.1 in June from 53.7 in May, a larger decline than expected by the consensus. At its current level, the index is roughly consistent with 1.5% GDP growth. The components of the report were mixed. On the one hand, the general business activity index fell to 51.7 from 55.6 (now at the lowest level since November 2009) and the new orders index fell to 53.3 from 55.5. On the other, the employment component edged up to 52.3 from 50.8. The prices paid index

Then again, considering Goldman's recent predictive "success", we may well be in for a negative NFP print in less than 24 hours. Elsewhere, DB's Joe LaVorgna likely preparing to unleash his +500,000 revision to the world any second now.
  • #41,208
  • Jul 5, 2012 9:59am Jul 5, 2012 9:59am
Quoting PipTrapper
You've taken lots of drama classes I see. Fast?
  • #41,209
  • Jul 5, 2012 10:04am Jul 5, 2012 10:04am
Quoting PipTrapper
http://www.nationalgoldgroup.com/images/eco.jpg
Anybody buying gold lately and taking physical delivery of it?
I observe your reality but live my own.
  • #41,210
  • Jul 5, 2012 10:09am Jul 5, 2012 10:09am
Quoting PipTrapper
http://www.nationalgoldgroup.com/images/eco.jpg
I want to go to the beach dam it
  • #41,211
  • Jul 5, 2012 10:09am Jul 5, 2012 10:09am
Quoting Cgb
Anybody buying gold lately and taking physical delivery of it?
Gold bars would be useful to hit someone over the head with it then they're stealing your canned beans
  • #41,212
  • Jul 5, 2012 10:11am Jul 5, 2012 10:11am
Quoting D2tz
Gold bars would be useful to hit someone over the head with it then they're stealing your canned beans
I was only able to buy one bar But if you can swing it to someone's head, you're a better man than I am!
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I observe your reality but live my own.
  • #41,213
  • Jul 5, 2012 10:12am Jul 5, 2012 10:12am
Quoting FXSwissTrader
I want to go to the beach dam it
Over leverage yourself with a nice short, "Click Here" and go!
I observe your reality but live my own.
  • #41,214
  • Jul 5, 2012 10:18am Jul 5, 2012 10:18am
I honestly don't see how you can all see u/c going largely north. It makes no sense. Par and below is where this is heading IMO
  • #41,215
  • Jul 5, 2012 10:21am Jul 5, 2012 10:21am
Quoting D2tz
I honestly don't see how you can all see u/c going largely north. It makes no sense. Par and below is where this is heading IMO
Fair enough, but you haven't given any reasons. How about a chart and analysis to go with it. Come on, I know you can do it
Those who say it cannot be done should not interrupt those who are doing it
  • #41,216
  • Jul 5, 2012 10:23am Jul 5, 2012 10:23am
Quoting D2tz
I honestly don't see how you can all see u/c going largely north. It makes no sense. Par and below is where this is heading IMO
I honestly don't see how you can see u/c going largely south. It makes no sense. Range and above is where this is heading IMO.
  • #41,217
  • Jul 5, 2012 10:25am Jul 5, 2012 10:25am
Quoting PipTrapper
Fair enough, but you haven't given any reasons. How about a chart and analysis to go with it. Come on, I know you can do it
On the iPhone and it's not a day I can take the time to justify in details. But from a global perspective (even though I dislike Harper too) Cad is much stronger fundamentally than usd . And price likes to visit where it's been lately... Unless of course we're getting a major shift of outlook and usd is about to regain ground on the past 4 years of losses.
  • #41,218
  • Jul 5, 2012 10:26am Jul 5, 2012 10:26am
Good morning from sunny California! +130 pips last night for me. I've got 2 sell limits at 1.24095 and 1.24395, looking for some retracement today and then a drop to 1.23xx area. Happy trading all.
  • #41,219
  • Jul 5, 2012 10:31am Jul 5, 2012 10:31am
Quoting D2tz
On the iPhone and it's not a day I can take the time to justify in details. But from a global perspective (even though I dislike Harper too) Cad is much stronger fundamentally than usd . And price likes to visit where it's been lately... Unless of course we're getting a major shift of outlook and usd is about to regain ground on the past 4 years of losses.
Look forward to your analysis when you get to a computer.
  • #41,220
  • Jul 5, 2012 10:33am Jul 5, 2012 10:33am
Quoting FXSwissTrader
Look forward to your analysis when you get to a computer.
There's an app for that.
Want to see my chart I presume?
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