EurAnalysis

And here is the proof , Oanda Order book yesterday was something like 70% Short Vs almost 20 % long, if you have a look now its almost the opposite.

http://fxtrade.oanda.com/analysis/forex-order-book

people got short , were stopped out with at least 40 pip lose and people will jump long now will suffer the same.

Good Morning as we start off with Risk On for the moment.

Oil is up at $88.75 US with the DJ Futures Up 60 at the moment.

The 2 Year US Bond Yields are .22% with the 10 Year at 1.43% and the spread is 121 Basis points. All Europe is in the Green with the CAC, DAX and FTSE up slightly.

Gold is STRONG at $1592 US Up $15 Dollars.

Now for the 7:00 AM BENCHMARKS...

EUR/USD 1.2158

EUR/JPY 95.10

USD/JPY 78.21

EUR/CHF 1.2009

As I was posting the 10 Year US Bonds went down to 1.42% which means some Money is also going into the 10 Year US Bonds.

AS ALL THE PRICES INDICATED CHANGE they affect each other and of course prices change along with the Charts.

Dow Futures are now 55 and if News Data at 8:30 AM moves the Dow UP or Down we will see changes.

Money Flow causes all Asset Class prices to change.

Support and Resistance then become factors in the overall equation.

With EUR/USD we have additional stand alone issues for the moment.

ONE WORD of Spin or New true or not will cause IMMEDIATE movement if the PERCEPTION is that it is real.

And now we wait and observe being patient in lookinjg for a trading opportunity if any.

Not trading is an opportunity to see clearly and be calm while waiting for a trade with the odds in your favor.

Good Trading All...

EUR/USD thread is a nice example as well.

Btw, that Oanda chart is like a guide for big sharks. It is screaming, hey, we are here, hunt our margins, its almost free.

The Daily Forex Brief is written by FxPro's team in the City of London. Visit fxpro.co.uk for more news, FX commentaries, FxPro TV, real-time feeds, calculators and tools.Daily Forex BriefLondon: Wednesday 25th July 2012The shifting FX focusIt's interesting the way FX markets are reacting to data and other events, a sign that the rules of old are fading. The resilience of the Aussie is the strongest case in point. The AUD has become increasingly detached from the fortunes of commodity prices and the ebb and flow of the global economic crisis. The same can be seen in the likes of the Canadian dollar and also the Kiwi, although slightly less prominently. As for the single currency, it is having increasing difficulty detaching itself from the bigger risks in the eurozone, as the multi-year lows on many of the euro crosses testify. The most worrying development of the past 24 hours remains the rise in short-dated yields in Spain, a problem that, for other countries, has proven to be a sign that self-sufficiency in funding has come to an end.
http://webr.emv2.com/fxpro/fxpro-newDB.gifhttp://webr.emv2.com/fxpro/daily-briefDB.gifhttp://webr.emv2.com/fxpro/marketnewsDB.gifhttp://www.fxpro.com/sites/default/f...perf%2024h.png

Exactly.

Ten Italian cities at risk of bankruptcy, schools may not reopen

The cities at risk of running out of money include Naples, Palermo in Sicily and Reggio Calabria, on the toe of the Italian boot, according to the Italian press.

"The situation is becoming worse by the day," said Graziano Del Rio, the president of a national association of municipal councils.

The warning came just days after Mario Monti, the prime minister, expressed fears that Sicily, which has a high degree of fiscal autonomy, was on the brink of a default.

Cities and towns in southern Italy have for years been plagued by mismanagement, corruption, the wasteful use of EU funds and infiltration by the Mafia. But the "black list" of cities at risk also includes some in the north of Italy such as Alessandria, in the Piedmont region.

This story was posted on the telegraph.co.uk Internet site early Monday evening...and is certainly worth reading. I borrowed this story from yesterday's edition of the King Report...and the link is here.

And Then This Spin...

Mario Draghi has just weeks to save the euro, but will Germany let him?


Trotting out a now all-too-familiar line over the weekend, Mario Draghi, president of the European Central Bank, said nobody should underestimate the political will behind saving the euro, or the support the single currency continues to command among the general public.

Monetary Union, he declared, was “irreversible”, as if merely to repeat the assertion is to make it so.

This is the sort of pretence that policymakers feel obliged to indulge in at times of crisis – it would indeed be unimaginable for the president of the ECB to say anything else – but looking at the evidence around him, it seems somewhat unlikely that this wise and somewhat reserved central banker could actually believe what he is saying.

The situation, as Mr Draghi is only too aware, is utterly desperate, with Spain threatening to blow the whole thing up unless supportive action is taken soon.

As things stand, policy demonstrates the almost complete opposite of the political will Mr Draghi refers to; at every step, policymakers thwart or repudiate the sort of initiatives that might save the project. Almost nobody in Europe is ready for the loss of fiscal and political sovereignty that lasting solutions demand, with some countries already fast backtracking even on the relatively un-ambitious measures to fix the single currency’s institutional framework agreed at the last summit.

This must read story was posted on The Telegraph's website on Monday evening...and is another Roy Stephens offering. The link is here.

CMan, thats Telegraph . Murdoch is constantly short on Eur. Nevertheless, their headlines are very funny.

T

http://www.nytimes.com/2012/07/25/wo...e-problem.html

Only a month after Greece installed a new government, the country is facing renewed peril. Its official lenders are signaling a growing reluctance to keep paying the bills of the nearly bankrupt nation, even as the government is seeking more leniency on the terms of its multibillion-euro bailout.

Adding to the woes, there is little agreement within either side. The Greek government is itself a motley coalition of conservatives and Socialists, and the leaders of the European Commission, the International Monetary Fund and the European Central Bank, known as the troika, are increasingly divided among themselves. That is creating even more uncertainty as Greece and the rest of Europe head for yet another showdown, renewing doubts about how long Athens can remain within the euro zone.

Even as fears mount in Europe about the rapidly worsening situation in Spain, Greece’s problems are far from solved. The president of the European Commission, José Manuel Barroso, is expected to make his first visit to Athens since 2009 on Thursday to meet with Prime Minister Antonis Samaras as the troika begins yet another assessment of how well the country has complied with a spate of harsh austerity measures imposed as the price for loans. Greece’s lenders say they will not finance the country any further unless it meets its goals. But many experts say that the targets were never within reach and that pushing three increasingly weak Greek governments to comply has only profoundly damaged the economy.

“We knew at the fund from the very beginning that this program was impossible to be implemented because we didn’t have any — any — successful example,” said Panagiotis Roumeliotis, a vice chairman at Piraeus Bank and a former finance minister who until January was Greece’s representative to the International Monetary Fund. Because Greece is in the euro zone, he noted, the nation cannot devalue its currency to help improve its competitiveness as other countries subject to I.M.F. interventions almost always are encouraged to do...

yes sure ur right and one of my profit target hit with 105 green pips in the kitty while i was having fun with the beauties.

now i am so high that i am feeling like a man who just cross the minefield blindfolded and still alive.i think i was lucky and dangerous.

add.my buy limit orders triggered are from yesterday,not today

http://finviz.com/forex.ashx

http://finviz.com/fx_image.ashx?rela...87991260152500

GJ Doc!

Hi
Try this, I use them on 4 & 5 -digit brokers live, but first test them on demo
also You find them in this thread http://www.forexfactory.com/showthread.php?t=345284

watch last m15 candle.
end the next one is forming H1 ofc. Comming to a nice fail of break Fridays close.

when i load it u better be on the otherside,i promise it will be easiest trade of ur life and u will make lot of money with proper mm becos 70 to 80% time i am wrong.

DJ MARKET TALK: Brace For A EUR Short Squeeze -Citi

Posted on 25 July 2012 7:19 | Dow Jones Newswires

1119 GMT [Dow Jones] Brace for a EUR short-squeeze says Citi as currency strategist Valentin Marinov suspects EUR positive headlines and policy developments are approaching "critical mass." Marinov says the signs are emerging that the ECB's stance on the status of the ESM has shifted and policy makers are slowly edging towards a solution in the euro-zone crisis, but investors are still wary of expressing a more constructive view on the currency after the months and years of disappointments. Still, Marinov says while a trend reversal is not likely for now, even though the currency is oversold against its major peers on some value indicators, the risk of a short squeeze is definitely increasing. EUR/USD at 1.2159. ([email protected])

No way! Thats impossible.

last 5 mins. Ah I hope we are going to close below 21335. Would be awesome.

the most bearish indicator of all....

http://www.merkfunds.com/images/2012...ht%20image.jpg


When investors deposit money in a bank, they are giving the bank a loan.

Some investors aren’t so sure whether zero or close to zero percent interest compensates them for the risk of lending money to the bank, although FDIC insurance where applicable may alleviate that concern. But there are plenty of deposits that are not FDIC insured, such as money market funds. Such funds must invest in risky assets to cover their expenses and pay any yield; many prime money market funds have been chasing yields, investing in U.S. dollar denominated commercial paper issued by European banks (see Making the U.S. Dollar Safer: Return OF Your Money); money market funds reduced, but by far not eliminated the practice. Investors shall be forgiven for thinking that they do not get properly compensated for the risks they are taking on.

As such, there has been what is often referred to as a flight to “safety,” government securities. To the dismay of central bankers that like to kick start economic growth, this flight is taking on pandemic proportions. Germany was in the news recently for having sold 2-year notes with a negative yield. German bills had previously sold at negative rates, but it was a first for notes. In Europe:

1. August 23, 2011: Switzerland sold CHF 599 million 6-month bills at -0.1%, a negative yield for the first time for Switzerland.
2. January 9, 2012: Germany sold EUR 3.9 billion 6-month bills at -0.0122%, a negative yield for the first time amid safe haven demand.
3. July 9, 2012: France sold EUR 3.9 billion 3-month bills at -0.005%, a negative yield for the first time for France.
4. July 16, 2012: The Netherlands sold a total of EUR 2.4 billion of 3.5-month Treasury Certificates at -0.041% and 6.5-month Treasury Certificates at -0.029%.
5. July 17, 2012: Belgium sold EUR 1.5 billion 3-month bills at -0.016%, a negative yield for the first time for Belgium.
6. July 17, 2012: The European Financial Stability Facility (EFSF), let’s call it a precursor to Eurobonds, sold EUR 1.488 billion 6-month bills at -0.0113%.

In the U.S., inflation protected securities (TIPS) have sold with negative yields at auction for some time:

 

1. U.S. Treasury sold $10 billion 5-year TIPS at -0.635%, a negative yield for the first time at a U.S. debt auction as investors bet the Fed may be successful in sparking inflation.
2. U.S. Treasury sold $15 billion 10-year TIPS at -0.046%, with investors willing to pay a premium to guard against the threat of rising consumer prices.

What is noteworthy about these is that the negative yields were auction results. In the secondary market, Treasury securities have flirted with negative yields periodically throughout the crisis:
http://www.merkfunds.com/images/2012...suryyields.jpg

Negative yields late last year were, in our assessment, directly linked to the flight of U.S. money market funds out of European commercial paper, causing funding strains for such European financial institutions. The world’s policy makers were alarmed as European banks in turn have been the primary players in providing U.S. dollar denominated funding to emerging markets. Confused? It’s an illustration of the “contagion,” how a crisis in Europe can affect the globe. Always eager to lend a friendly hand, the Federal Reserve opted to open a “swap line,” making cheap U.S. dollars available to central banks around the world, most notably the European Central Bank.

http://www.merkfunds.com/merk-perspe...-07-25-insight

this is one of the thing i dont agree with about chess player going out to consider winning moves,at Grandmaster level most of the time battle finish between 15 to 17 moves and then its more about tecnical.may i also suggest try to avoid chess becos its not good and time wasting most of the time rather concentrate on market and try to understand oneself,which will be more fruitful.