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  • #45,701
  • Aug 3, 2012 5:14am Aug 3, 2012 5:14am
Rumours of Spanish government press conference
Written by Pete Jackson
August 3, 2012 at 10:08 GMT
There’s buzz about that the Spanish government is going to hold an unscheduled conference in which Spain will ask for official support from the EFSF, which is maintaining the EUR/USD on a firm footing.
The Daily Telegraph is also reporting the rumour..
Cheers!!
  • #45,702
  • Aug 3, 2012 5:16am Aug 3, 2012 5:16am
Sorry PT, didnt see you posted it... my bad!
Cheers!!
  • #45,703
  • Aug 3, 2012 5:17am Aug 3, 2012 5:17am
Quoting FXSwissTrader
Oh no. I cashed out of that position at bottom day before and cashed out of a higher position in A/U yesterday. That's a stubborn pair too like U/CAD. I very rarely hold positions overnight except E/U.
I entered yesterday at 1.0550, have cashed out 50%, was bit confused whether to put BE and forget about it. Because during NFP an upward spike can take my BE as knee jerk reaction.

Anyhow put the BE, hope it doesn't get hit, because cant afford to fight with two stubborn pairs, already fighting with UC which is underwater.
  • #45,704
  • Aug 3, 2012 5:23am Aug 3, 2012 5:23am
Quoting PipTrapper
More rumors. It could be true, but for some reason I am waiting for a denial.

To me it makes no sense that Spain would jump for a bailout right now. It's not like their bond yields are at an all time high. What's the friggin problem? Seems to me someone either forgot to short the Euro or forgot to dump some Spanish bonds yesterday .

Attachment
and denial won't come before NFP, although right now is best time
  • #45,705
  • Aug 3, 2012 5:24am Aug 3, 2012 5:24am
Friggin rumors. STOP already.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #45,706
  • Aug 3, 2012 5:26am Aug 3, 2012 5:26am
Quoting The_Genious
and denial won't come before NFP, although right now is best time
Nah, if we get a denial, I think it will come very soon... although I could be wrong
Those who say it cannot be done should not interrupt those who are doing it
  • #45,707
  • Aug 3, 2012 5:34am Aug 3, 2012 5:34am
Quoting PipTrapper
Nah, if we get a denial, I think it will come very soon... although I could be wrong
Told you...

Rumours that Spain could ask for official support from the EFSF have been quashed by the EU this morning, Spokesman Antoine Colombani told reporters:

"There has been no request by any member state, as I’ve said before as well, to resort to the instruments."


http://www.telegraph.co.uk/finance/d...isis-live.html
Those who say it cannot be done should not interrupt those who are doing it
  • #45,708
  • Aug 3, 2012 5:36am Aug 3, 2012 5:36am
Why is their asking for help, translated as bullish signal?
  • #45,709
  • Aug 3, 2012 5:44am Aug 3, 2012 5:44am
how news affect USD today
  • #45,710
  • Aug 3, 2012 5:44am Aug 3, 2012 5:44am
Quoting Chika Kure
Why is their asking for help, translated as bullish signal?
It's not. The Euro retrace is about NFP speculation. Shorts are covering and we get a technical retrace to even out a bit.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,711
  • Aug 3, 2012 5:45am Aug 3, 2012 5:45am
Good morning to all!

My SL on yesterdays trades triggered.+340 on EUR/USD +47 AUD/USD

My sell limit 1.2220......hit
My sell limit 1.2260......hit

I have next limits at:
1.2330
1.2380. double sized

Good luck to all today!
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  • #45,712
  • Aug 3, 2012 5:46am Aug 3, 2012 5:46am
Quoting wallstreet03
how news affect USD today
In my opinion, it doesn't matter if we get a good number or not, as long as it is not very bad, the USD will go up.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,713
  • Aug 3, 2012 5:48am Aug 3, 2012 5:48am
Quoting Gofer Pips
Good morning to all!

My SL on yesterdays trades triggered.

My sell limit 1.2220......hit
My sell limit 1.2260......hit

I have next limits at:
1.2330
1.2380. double sized

Good luck to all today!
Well you're rarely wrong with your sell limits, so as long as you're right this time, we're looking at a face ripping rally and not just a retrace.

BTW, congrats
Those who say it cannot be done should not interrupt those who are doing it
  • #45,714
  • Aug 3, 2012 5:53am Aug 3, 2012 5:53am
Reverse Bearish divergence on the hour developing with 10 minutes to candle close.

But short covering before NFP could take us to yesterdays double topping area.

Be careful out there!

BTW- I got busy yesterday eve with the two teenagers Swissy but will PM you this weekend!
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  • #45,715
  • Aug 3, 2012 5:54am Aug 3, 2012 5:54am
PA spiking this high is crazy!
  • #45,716
  • Aug 3, 2012 5:55am Aug 3, 2012 5:55am
Quoting Gofer Pips
Reverse Bearish divergence on the hour developing with 10 minutes to candle close.

But short covering before NFP could take us to yesterdays double topping area.

Be careful out there!

BTW- I got busy yesterday eve with the two teenagers Swissy but will PM you this weekend!
No problem buddy.
  • #45,717
  • Aug 3, 2012 5:56am Aug 3, 2012 5:56am
Orderboard (updated)

Written by Pete Jackson
August 3, 2012 at 10:52 GMT

EUR/USD: Bids 1.2165/75 sell stops below ahead of bids 1.2130/40, sell stops below and through1.2100. Offers start from 1.2260 and layered up to 1.2300, possible buy stops above ahead of further res 1.2330/40.

GBP/USD: Bids 1.5500/10 and tech supp 1.5455/65. Offers 1.5605/15

EUR/GBP: Bids 0.7840/45, stronger down at 0.7800/10 sell stops below. Offers at 0.7860/80 ahead of tech res 0.7900/05, possible buy stops above

USD/JPY: Large bids 77.90/78.10 (suggested semi official), sell stops through 77.85 and 77.50. Offers start from 78.30/50 (exporters) and trail up to 79.00, Buy stops mixed in through 78.70, and more up through 79.00.

EUR/JPY: Offers 96.40/50 and 96.90/00. Bids 95.30/40 and 95.00/10, sell stops through 94.90

AUD/JPY: Bids 81.90/00, tech supp 81.55/65 (81.58 – 100 day MA) and 81.50/60 sell stops through 81.50, tech support 81.35/40 (81.36- 200 day MA) more sell stops through 81.00. Offers 8240/50 likely buy stops above ahead of tech res 82.75 (Thurs spike high)

EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/30 buy stops through 1.2035 and through 1.2050

AUD/USD: Bids 1.0470/80 and 1.0430/50(exporters) sell stops through 1.0430. Bids 1.0400/10 with sell stops on a break. Offers start from 1.0480 through to 1.0510 (possibly RBA commercial) and 1.0540/50 ahead of 1.0550

EUR/AUD: Tech supp 1.1600/10 (1.1605 new all time low). Offers 1.1710/20,

NZD/USD: Offers/ tech res 0.8155/65. Bids 0.8130/35 and 0.8085/90, some weak sell stops through 0.8070 ahead of tech support 0.8050/55. Sell stops through 0.8050 and 0.8000

USD/CAD: Bids 1.0000/10 ahead of a barrier at parity, likely sell stops just below ahead of tech supp 0.9955/60. Tech res 1.0075/85, and 1.0095/10 (100/200 day MA’s 1.0095/1.0108)
Those who say it cannot be done should not interrupt those who are doing it
  • #45,718
  • Aug 3, 2012 6:00am Aug 3, 2012 6:00am
Sell limit hit 1.0505 aud/usd

with

add-on Limit waiting at 1.0537.

This could be a bloody day!

I hope it's the bulls who suffer!
  • #45,719
  • Aug 3, 2012 6:02am Aug 3, 2012 6:02am
Cable touched 1.56. Pending sell at 5575 activated half an hour ago.
But GBP can do that often... why am I amazed then? It happened many times before, totally ignoring "funda". And I said to myself not to trade on NFP day. Bunch of orders underwater, but all following proper MM - i.e. all small ones with huge stops. And later they could be all with large gains... so I am holding this...

Addon - fresh news from Bloomberg:
U.K. to Miss Deficit Target as Economy Shrinks 0.5%, Niesr Says
link: http://www.bloomberg.com/news/2012-0...iesr-says.html
  • #45,720
  • Aug 3, 2012 6:04am Aug 3, 2012 6:04am
Quoting Gofer Pips
Sell limit hit 1.0505 aud/usd

with

add-on Limit waiting at 1.0537.

This could be a bloody day!

I hope it's the bulls who suffer!
Rocky Mountain Oysters for breakfast. Mmmmm.

http://petulantrumblings.com/wp-cont...ullballs03.jpg
Those who say it cannot be done should not interrupt those who are doing it
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