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EurAnalysis Kindergarten 24 replies

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  • #45,481
  • Aug 2, 2012 7:13am Aug 2, 2012 7:13am
I have a sneaky feeling we could test 1.2430, we are now going to 1.2360 and conference yet to start.

Let it go higher i say and i would kindly ask PT to get his hammer out please sir as i will be looking to short this sucker!
Cheers!!
  • #45,482
  • Aug 2, 2012 7:15am Aug 2, 2012 7:15am
Quoting PipTrapper
Posted Aug 2, 2012 11:52
Obviously some in the market expected a rate cut... or perhaps an algo frenzy???

ADD: It's also possible that since we didn't get a rate cut, the market is thinking a big bazooka is coming in the press conference.
Copyright infringement again???

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Those who say it cannot be done should not interrupt those who are doing it
  • #45,483
  • Aug 2, 2012 7:16am Aug 2, 2012 7:16am
Quoting Islander
....just choked on my cheese and bikkies......tears to the eyes man....
however, mustn't let that interfere with banking a few......¿ looks like Buy the Rumour, Sell the News".??....TWT

ah - and yes, I do drop to the 1 min for news etc.....
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Trading Levels with WRBs
  • #45,484
  • Aug 2, 2012 7:16am Aug 2, 2012 7:16am
Quoting Rag2RichesFX
I don't know if the market cares about credibility. They just care about rumors. ....

I think he could do this 100 times in the future and the market would react the same everytime. ......
You are been very deterministic. Markets are not a supranatural force that come from somewhere in the space with its unique predefined spirit and goal.

Price and price movements reflects the difference actors and forces trying to match the current perceived value with the future perceived value of an asset... In all this process credibility was, is and it always be one (if not the most) important factors ...otherwise we can just buy Zimbabwe dollars because its CB hike their rates last month....

In any case, let see what ECB brings to the table and GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #45,485
  • Aug 2, 2012 7:17am Aug 2, 2012 7:17am
FT Article running on the newswire about speculation of an EFSF program to buy Spanish and Italian bonds starting in September. Monti and Rajoy meeting today.

http://www.ft.com/cms/s/0/84ce5812-d...#axzz22O2I3IFt
  • #45,486
  • Aug 2, 2012 7:18am Aug 2, 2012 7:18am
Quoting PipsMaster23
I have a sneaky feeling we could test 1.2430, we are now going to 1.2360 and conference yet to start.

Let it go higher i say and i would kindly ask PT to get his hammer out please sir as i will be looking to short this sucker!
Let's see what the EuroFonz has to say first.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,487
  • Aug 2, 2012 7:20am Aug 2, 2012 7:20am
http://finviz.com/forex.ashx

http://finviz.com/fx_image.ashx?rela...94923608305000
  • #45,488
  • Aug 2, 2012 7:21am Aug 2, 2012 7:21am
Quoting sisse
You are been very deterministic. Markets are not a supranatural force that come from somewhere in the space with its unique predefined spirit and goal.

Price and price movements reflects the difference actors and forces trying to match the current perceived value with the future perceived value of an asset... In all this process credibility was, is and it always be one (if not the most) important factors ...otherwise we can just buy Zimbabwe dollars because its CB hike their rates last month....

In any case, let see what ECB brings to the...
He lost credibility a long time ago. Still, if you can make pips off of rumors, and even more off of selling the new high levels those rumors created, why wouldn't you? Also, in the case something positive for E/U actually does happen, they already took profit and are positioned for it. It's inevitable.

This is what is happening as it seems to happen every freaking month.

Regardless of credibility short covering will happen every time. It's more of a self fulfilling prophecy than anything else.

E/U 4hr (purple is down trend from 3280)
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Be hopeful in a winning position, and fearful in a losing position.
  • #45,489
  • Aug 2, 2012 7:22am Aug 2, 2012 7:22am
Quoting Islander
however, mustn't let that interfere with banking a few......¿ looks like Buy the Rumour, Sell the News".??....TWT

ah - and yes, I do drop to the 1 min for news etc.....
We'll soon find out. Sure looks like it.
  • #45,490
  • Aug 2, 2012 7:24am Aug 2, 2012 7:24am
Top Economic & Other News
Attention shifts to ECB after FOMC stands pat. The FOMC did even less than expected yesterday and announced neither additional stimulus, nor an extension of the low-rate pledge past late-2014. The Fed did talk about closely monitoring the economy, which is a bit of a change from the previous statements and is being taken by Goldman Sachs to mean "a strengthening of the committee's 'easing bias.'" Next up very shortly is the ECB and Mr Draghi.

U.S. oil and gas reserves in record growth. The U.S.'s proven oil reserves jumped 13% in 2010 to 25.2B barrels and those of natural gas 12% to 318T cubic feet, the EIA said in its annual report yesterday, with the gains the largest since the agency started keeping records in 1977. Horizontal drilling and fracking played a major role in the increases, which underscore the idea that the U.S. can meet more of its own energy demand.

San Bernardino files for Chapter 9. San Bernardino yesterday became the third Californian city to file for bankruptcy protection, saying it owes over $1B to 10,000-25,000 creditors. San Bernardino's filing, as well as those of Stockton and Mammoth Lakes, will be major test cases of whether distressed cities will be permitted to go back on their bond and pension obligations.

S&P maintains Germany's outlook at stable. S&P has affirmed Germany's AAA rating and stable outlook, citing the country's "strong economic fundamentals" and saying it expects the nation to "continue to withstand potential financial and economic shocks." S&P's confirmation comes after Moody's last month cut its outlook on Germany to negative.

Editors' Picks
August: The Gathering Storm
Natural Gas Production Could Be Curtailed By Drought
July Employment Report Preview

Today's Markets:
In Asia, Japan +0.1%. Hong Kong -0.7%. China -0.6%. India -0.2%.
In Europe, at midday, London +0.5%. Paris +0.5%. Frankfurt +0.8%.
Futures at 7:00: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.15% to $89.04. Gold -0.2% to $1603.80.

Today's economic calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Factory Orders
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
  • #45,491
  • Aug 2, 2012 7:27am Aug 2, 2012 7:27am
Thursday, August 2, 2012 8:20:24 AM


8:19 AM Euro shorts are getting fried following the ECB rate decision (no change) and ahead of Mario Draghi's press conference at which big things are expected. The euro +1% vs. the greenback to $1.2342. Maybe more interesting is movement higher in the euro/Swiss franc cross, now at 1.2025 after being locked at 1.2010 for months. FXE +1% premarket
  • #45,492
  • Aug 2, 2012 7:27am Aug 2, 2012 7:27am
Quoting CurrencyMan
Top Economic & Other News
Attention shifts to ECB after FOMC stands pat. The FOMC did even less than expected yesterday and announced neither additional stimulus, nor an extension of the low-rate pledge past late-2014. The Fed did talk about closely monitoring the economy, which is a bit of a change from the previous statements and is being taken by Goldman Sachs to mean "a strengthening of the committee's 'easing bias.'" Next up very shortly is the ECB and Mr Draghi....
CM,
Is this something you put together daily or is there a link to this, that can be checked daily? Thanks for posting. Very informative.
  • #45,493
  • Aug 2, 2012 7:29am Aug 2, 2012 7:29am
Quoting PipTrapper
Let's see what the EuroFonz has to say first.
Whatever he says, we'll find out how long it takes Ze Germans to deny or foil his plans.
  • #45,494
  • Aug 2, 2012 7:39am Aug 2, 2012 7:39am
hahah wow..

2383 short triggered

this is about as fast as Ive ever seen the market move
Be hopeful in a winning position, and fearful in a losing position.
  • #45,495
  • Aug 2, 2012 7:43am Aug 2, 2012 7:43am
LMAO

Went [email protected] for +100 pips!
Sell limit trigger @1.2400

Thank you El failyo Draghi!

Big mouth carry little stick!
  • #45,496
  • Aug 2, 2012 7:44am Aug 2, 2012 7:44am
HAHAHA!

Ladies and Gents,

Get your hot air balloons out!
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  • #45,497
  • Aug 2, 2012 7:44am Aug 2, 2012 7:44am
Quoting FXSwissTrader
LMAO

Went [email protected] for +100 pips!
Sell limit trigger @1.2400

Thank you El failyo Draghi!

Big mouth carry little stick!

I almost went long at 2277, but I only covered.

That was just plain hilarious.

Nice trading Swissy
Be hopeful in a winning position, and fearful in a losing position.
  • #45,498
  • Aug 2, 2012 7:45am Aug 2, 2012 7:45am
ECB says today was not the right time for a rate cut?

When is the right time? 1.16?
Be hopeful in a winning position, and fearful in a losing position.
  • #45,499
  • Aug 2, 2012 7:45am Aug 2, 2012 7:45am
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #45,500
  • Aug 2, 2012 7:46am Aug 2, 2012 7:46am
Quoting Gofer Pips
HAHAHA!

Ladies and Gents,

Get your hot air balloons out!
Bulltrap and classic buy the rumour, sell the news event like you mentioned.
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