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EurAnalysis

  • #44,841
  • Jul 27, 2012 11:39am Jul 27, 2012 11:39am
Quoting FXSwissTrader
And things taste better here with all the organic foods. Chicken taste like chicken, Ribs taste like ribs and not FDA approved tasteless steroid injected rubber.
I live in Canada... No FDA here either. Most stores have huge organic sections and free roam meats (pultry and beef) now.
I observe your reality but live my own.
  • #44,842
  • Jul 27, 2012 11:40am Jul 27, 2012 11:40am
Expecting the EURUSD down for the day now, should not trade above its recent high targeting 1.21 area now , 2-3 August expect a turn in the EURUSD, possibly a change in direction.

All the best


Mike Haran
  • #44,843
  • Jul 27, 2012 11:45am Jul 27, 2012 11:45am
Quoting Cgb
I live in Canada... No FDA here either. Most stores have huge organic sections and free roam meats (poultry and beef) now.
Great. Let's hope it stays that way and there won't be a North American Union like the gangsters want.
  • #44,844
  • Jul 27, 2012 11:51am Jul 27, 2012 11:51am
Quoting FXSwissTrader
Great. Let's hope it stays that way and there won't be a North American Union like the gangsters want.
Who knows... Senator Charles Schumer may open up his yap again and try to impose his way or stop something in a country he doesn't have a say in!

What a moron!
I observe your reality but live my own.
  • #44,845
  • Jul 27, 2012 11:52am Jul 27, 2012 11:52am
Quoting Cgb
Oh dear! We have a convert!
i am a trader and if facts change,i change what do u do sir,
i am not a directional trader,and my positions spread over a range of 200 to 300 pips and when i put my position i dont loose my sleep.the reason for such style is forex is a very leveraged market and with lot of sharp moves either way,and if one properly position near extreme then u can exploit such behaviour of market.
the other thing is market is in downtrend for last one year and probably its near the bottom and my experience is market going to be very volatile in near future and the power who matter going to shake the tree quite hard so that all the stop losses will fall down and most of the traders going to be disoriented becos of that action and trend will change when bull or bear are afraid to take position,and they dont even want to touch market with a barge pole,then only then one need to be sustain bull or bear. by the way i am agnostic when it comes to market and i am no PT
Allah has permitted trade and has forbidden interest [koran]
  • #44,846
  • Jul 27, 2012 12:30pm Jul 27, 2012 12:30pm
EL Draghi is speaking again and proposes rate cut, bond purchases or new LTRO.
  • #44,847
  • Jul 27, 2012 12:33pm Jul 27, 2012 12:33pm
Quoting FXSwissTrader
EL Draghi is speaking again and proposes rate cut, bond purchases or new LTRO.
ruined my short for the second time today. It's heading to 1.24 area
  • #44,848
  • Jul 27, 2012 12:36pm Jul 27, 2012 12:36pm
gold shooting higher
  • #44,849
  • Jul 27, 2012 12:41pm Jul 27, 2012 12:41pm
usdcad heading to parity
  • #44,850
  • Jul 27, 2012 12:42pm Jul 27, 2012 12:42pm
Quoting mka_78
ruined my short for the second time today. It's heading to 1.24 area
I just don't understand how all these measures which is basically the European version of QE is risk positive for the f#kc#ng EURO! Unbelievable.
  • #44,851
  • Jul 27, 2012 12:43pm Jul 27, 2012 12:43pm
Quoting mka_78
usdcad heading to parity
Yep. I'll be waiting down below. Looking at daily chart, besides parity, it doesn't look like anything offers significant support until you get to 98.10 area.
  • #44,852
  • Jul 27, 2012 12:45pm Jul 27, 2012 12:45pm
Quoting FXSwissTrader
I just don't understand how all these measures which is basically the European version of QE is risk positive for the f#kc#ng EURO! Unbelievable.
Me too, i just don't get it.
  • #44,853
  • Jul 27, 2012 12:48pm Jul 27, 2012 12:48pm
I feel quite positive that this is just an overblown short squeeze and bears being cautious and cutting their positions...sadly simply because this chatter "might" mean "some kind" of action is about to take place from the ECB. If anything maybe the bears are letting this rise so it can be shorted at a higher price, and all this hopium is a convenient excuse.

Thats as far as I can read into this. I'm bearish euro from right about here. Taking a long usd/chf position from here I have about a 100 pips of breathing room, I hope its enough...
  • #44,854
  • Jul 27, 2012 12:49pm Jul 27, 2012 12:49pm
Crazy ass price action. I was triggered short @1.2380.
  • #44,855
  • Jul 27, 2012 12:49pm Jul 27, 2012 12:49pm
I like whats happening with the Euro at the moment... Very nice indeed!!!
Cheers!!
  • #44,856
  • Jul 27, 2012 12:50pm Jul 27, 2012 12:50pm
This is pure market manipulation.
I observe your reality but live my own.
  • #44,857
  • Jul 27, 2012 12:51pm Jul 27, 2012 12:51pm
Quoting mka_78
Me too, i just don't get it.
FINALLY! Zerohedge article getting attention. Will post as soon as I get link.
  • #44,858
  • Jul 27, 2012 12:51pm Jul 27, 2012 12:51pm
it's funny to short your own currency
I sell it and make profit out of it then pay with it
  • #44,859
  • Jul 27, 2012 12:53pm Jul 27, 2012 12:53pm
Quoting FXSwissTrader
FINALLY! Zerohedge article getting attention. Will post as soon as I get link.
Europe Releases Another Unsourced Rumor To Talk Markets To Weekly Highs

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Submitted by Tyler Durden on 07/27/2012 13:30 -0400

Update: and now the denial, conveniently just after all the upside stops have been taken out, again via BBG:



An ECB spokeswoman said in an e-mailed statement that it is usual practice and nothing special that Draghi meets or talks with the members of the Governing Council. She declined to comment on the content of any talks.

Of course, this is irrelevant. All the shorts have now been taken out. So once the market tumble resumes on the realization that nothing has happened, there will be no natural buying to the downside. Brilliant central planning as usual.
* * *
And so for the third day in a row, we get Europe continuing to talk itself up ever higher. From Bloomberg, with everything unsourced of course.

 

  1. DRAGHI SAID TO SPEAK TO WEIDMANN BEFORE AUG. 2 COUNCIL MEETING
  2. DRAGHI SAID TO FAVOR GIVING ESM BANKING LICENSE IN LONGER TERM
  3. DRAGHI'S PROPOSAL SAID TO INCLUDE BOND BUYS, RATE CUT, NEW LTRO

How much higher, we wonder, can the central planners talk this market up before someone actually demands something be done? And what happens when Merkely comes back from vacation?

  • #44,860
  • Jul 27, 2012 12:55pm Jul 27, 2012 12:55pm
Quoting Cgb
This is pure market manipulation.
Unbelievably obvious isn't it? It's like they don't even hide it anymore.
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