EURUSD

im still a learner , but i guess its the beginning of the upside trend as the market was waiting it specially last week we had a new low !!!beside the bad data from the USA and the fairly good ones and support from the euro zone !! anyway its just my opinion and the market will have the final word !!! good luck to you all

look who's talking

the euro is doomed ust have a look at PA - anyway (not saying anything)

Why are you so confident. If the market keeps on moving up, what will you do

Yep I agree going by her contrarian sister, swissy she has been build a broken resistance into a support at 9770, if this is true, yes I think eu is capping here and will resume her bear train will get chart did in aa minute

So today all the officials and experts are coming out to call Draghi's speech a bluff. Not shocking at all. Though I do not understand where they were yesterday. Still PA does what it wants to do.

500 millions is what i'm aiming for - wish me luck, thx

Current Spread in Yield Basis Points Germany 1.322 % Australia 2.852 % 153.0 Belgium 2.618 % 129.6 Canada 1.648 % 32.6 Denmark 1.104 % -21.8 France 2.210 % 88.8 Italy 6.070 % 474.8 Japan 0.745 % -57.7 Netherlands 1.763 % 44.1 Spain 6.899 % 557.7 Sweden 1.350 % 2.8 U.K. 1.479 % 15.7 U.S. 1.441 % 11.9 lets see if spain gona pass 7% today...

This is swissy, 9970 indicate bears defend strongly 1st attack, 2nd attack again them defended fiercely, but forced to retreat to 25% 0f ATHL Range 9876 defended there, but bulls were not to be denied, and eventually "gapped" through, however bs mario, has driven price back to 9970 the original battle zone, for this period,
I feel this is still battle zone both bull and bear want, ideally scalping mode 9970, buy up sell down scalp only. until is clear winner,

Trade safe trade smart

shit forgetted chart

This story was Originally published on Thursday -- Shifts in bond markets increasingly influence euro exchange rate
-- Some banks using moves in yields to improve their currency prices
-- But the relationship is not necessarily dependable
By Eva Szalay and Jessica Mead If the euro's recent behavior is any guide, foreign exchange markets are increasingly taking their cue from euro-zone bond markets.
After a quiet European morning session last Friday, the euro suddenly plunged around lunchtime, falling to multi-year lows against a range of other major currencies as yields on Spanish government bonds rocketed to a euro-era high over concerns it would need more financial assistance from its euro-zone partners.
That was extended Monday and Tuesday as 10-year Spanish bond yields--a benchmark for the government's long-term borrowing costs--hit an unsustainably high 7.67% but reversed later in the week as bond markets calmed down.
Against the dollar, the euro fell from more than $1.2250 in early trade last Friday to a two-year low of $1.2042, before bouncing back above $1.23 Thursday. On Friday morning at the open, the 10-year Spanish yield had been at 6.98%. By 1310 GMT today, it was trading back around 6.94%.
'The correlation [between the euro and bond market moves] has been rising as focus has returned to Spain and long-end yields have breached the 7% threshold,' said George Saravelos, a currency strategist at Deutsche Bank in London.
'By my calculations the correlation between 10-year [Spanish] yields and [the euro's exchange rate against the dollar] is currently running at around 50% compared with around 30% a few weeks ago,' he said.
The balance of factors influencing currency moves is in a constant state of flux as a myriad of market participants--ranging from pension funds to computer-driven hedge funds and central bank reserve managers to speculative day traders--zoom in on different trouble spots and use market developments to gauge changes in the flow of business.
Right now, foreign exchange traders are glued to bond markets, as the premium that investors demand to hold the debt of financially-stressed countries has soared over and above the dwindling yields on sovereign bonds that are deemed safer.
On Tuesday, as reports surfaced that Spain's cash-strapped regional governments were queueing up to ask for help from the central government, the difference between yields on comparable Spanish and German 10-year government bonds was as much as 6.4 percentage points.
'The correlation [has been] rising since January 2012 after reaching a low at that time,' said Sebastien Galy, a currency strategist at Societe Generale. 'It's not a fluke.'
As a result, some banks are increasingly using bond-market shifts as a way to help set exchange rates for their traders and clients. Deutsche Bank (DB), the world's largest foreign exchange bank by volume, said last week its new trading platform uses bond market moves when generating prices for their clients.
JP Morgan (JPM) has also been keeping a close eye on moves in yields to utilize in its trading.
'[Using correlations in pricing] is quite a long-standing thing, although the use of cross-asset correlations is more recent,' James Taylor, the global head of e-FX distribution at JP Morgan in London.
But he also warned that correlations can be made and broken at any time.


Nice 1.

how are you bro ,

i still having trouble figuring out why i went short yesterday ? i hope i back to trading tonight , yesterday i made mistakes above acceptable level recovery may take at least a week

[Using correlations in pricing] is quite a long-standing thing, although the use of cross-asset correlations is more recent,' James Taylor, the global head of e-FX distribution at JP Morgan in London.
But he also warned that correlations can be made and broken at any time.


Nice 1.[/quote]

And indeed they will be. Most easiy as this toy of sorts is a psudo dynamic effect that would have kept on working had users kept their mouth shut.

Here some my chart..

What do you think?

if it break up still will strugling on 1.2320 area..

if break down 1.2270 area is waiting.. is it better if we waiting for those support and resistance break??

No idea what will happen with EU today - no feeling, but I am almost sure Gold will be 1625
Buy 1616 - TP 1625, SL 1595

risking 30 for 9?

Looking again to EU chart - more chances the price to go back to 1.22 today

http://www.forexfactory.com/attachme...1&d=1343369764

morning,

sorry for late reply but I have been asleep
sure things change I accept that and the markets have over the last 100 years become hugely more complicated because of all the interaction between securities that never even existed and the integration (or not) of the world economies.

but you will never be rid of fractals and waves because they are the result of supply and demand.

and to be honest I also think that trying to place a count on every fractal is low reward and very time consuming.

I prefer to work with only the most recent data as that has more meaning and I use only simplified trend and correction patterns which just work over and over.

small lot
Check the yesterday chart - after Draghi talks, EU up, gold up. When the market calmed down when EU up, gold down, and when EU down, gold up
plus
look at this gold daily chart - the price broke the trendline yesterday and today came back to it as a support - didn't break it - next level is fibo 38
http://www.forexfactory.com/attachme...1&d=1343370020