EURUSD | Page 34561 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #691,201
  • Sep 12, 2012 3:18pm Sep 12, 2012 3:18pm
Quoting divak
they will do something like extend Opetration twist maybe, but a big QE3 would be risky ahead of elections, fiscall cliff deadline, and end of the year natural slowdown (holidays)
Well it all depends on how we define big? It will probably be something like Operation Twist that will kill the USD for a couple of weeks. Just reading the threads in general it seems most retailers are long USD going into tomorrow.. I remember QE2 back in 2010 where we had a similar scenario, BB came out with the big guns and dollar went down like a rock.

Here are the meeting minutes from last month just to put things in perspective:

Key points from the minutes are summarized as follows:
Many on FOMC favored easing soon if no sustained growth pickup.
Many participants saw new QE as bolstering U.S. recovery.
Discussed QE, extending 2014 forecast on rate.
Markets have large capacity to handle more QE.
Long-term inflation expectations stable. Mid-term inflation at or below 2%
target.
Participants saw economy decelerating after June meeting, and see
moderate growth in coming quarters.
Risk from Europe, U.S. fiscal policy. Some participants said U.S. recovery
vulnerable to shocks.
Manufacturing was slow or falling.

http://finance.yahoo.com/news/usdjpy...183400556.html
  • #691,202
  • Sep 12, 2012 3:18pm Sep 12, 2012 3:18pm
Will No QE be a trigger for a EURUSD down turn?
  • #691,203
  • Sep 12, 2012 3:20pm Sep 12, 2012 3:20pm
Quoting kiranitoot
If QE3 will be announced, what news will it be in the calendar? I can't see any except for unemployment claims.
Watch for the FOMC statement at 12:30 EST. Any QE3 if announced will be then.
  • #691,204
  • Sep 12, 2012 3:20pm Sep 12, 2012 3:20pm
Good morning champs.

I had 4 scalps yesterday: +12, +12, -20, +12.

Clearly I need to improve on my RR.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 93 KB
"Men who can both be right and sit tight are uncommon."
  • #691,205
  • Sep 12, 2012 3:20pm Sep 12, 2012 3:20pm
Quoting CoolJL
Will No QE be a trigger for a EURUSD down turn?
No QE would mean a dollar rally.
  • #691,206
  • Sep 12, 2012 3:23pm Sep 12, 2012 3:23pm
Quoting wolve
Well it all depends on how we define big? It will probably be something like Operation Twist that will kill the USD for a couple of weeks. Just reading the threads in general it seems most retailers are long USD going into tomorrow.. I remember QE2 back in 2010 where we had a similar scenario, BB came out with the big guns and dollar went down like a rock.

Here are the meeting minutes from last month just to put things in perspective:

[i]Key points from the minutes are summarized as follows:
Many on FOMC favored easing soon if no sustained...

My take :


Any introduction of QE3 will result in a surge in inflation. As it stands, Gas has re-reached $4 a gallon over here, which will eventually trickle down to higher prices in general. QE3 introduction will mean Gas could reach as high as $4.50 , assuming no intervention from OPEC.

However you look at it, QE3 = bad for USD. No action = bad for USD.

Only good move would be to REDUCE the amount of available money, but that would come at a cost to the economy as a whole (ie S&P).


I expect no action tomorrow. We should see Euro reaching 1.30's by end of the month, if not sooner.
  • #691,207
  • Sep 12, 2012 3:26pm Sep 12, 2012 3:26pm
Quoting wolve
No QE would mean a dollar rally.

I know, but just wondering what impact it would have on the EURUSD pair. Because it seems that possibility of QE3 may have been one of the factors in recent EURUSD up move but, how big a part has it played?
  • #691,208
  • Sep 12, 2012 3:28pm Sep 12, 2012 3:28pm
QE3 or no QE3, expect a retracement to at least 1.26xx levels. If it does hit 1.3 and close above it, we may actually have a reversal. If it doesn't even get back up to that point and forms a lower high, then we'll be going back down to test a new yearly low.
A 1 pip gain is better than a 1 pip loss.
  • #691,209
  • Sep 12, 2012 3:31pm Sep 12, 2012 3:31pm
Quoting aeternum
QE3 or no QE3, expect a retracement to at least 1.26xx levels. If it does hit 1.3 and close above it, we may actually have a reversal. If it doesn't even get back up to that point and forms a lower high, then we'll be going back down to test a new yearly low.
Escuse me, where do get those information?
"Men who can both be right and sit tight are uncommon."
  • #691,210
  • Sep 12, 2012 3:32pm Sep 12, 2012 3:32pm
Quoting mlambole
I will take a short if we break 1.2874 to the downside

Attachment

__________________
implants dentaires hongrie
Well I guess you aren't going to break... hope you don't have to pee...

it shouldn't break.... but i've seen some crazy things
I'll pick up the crumbs don't need the whole pie
  • #691,211
  • Sep 12, 2012 3:39pm Sep 12, 2012 3:39pm
Quoting almo
My take :


Any introduction of QE3 will result in a surge in inflation. As it stands, Gas has re-reached $4 a gallon over here, which will eventually trickle down to higher prices in general. QE3 introduction will mean Gas could reach as high as $4.50 , assuming no intervention from OPEC.

However you look at it, QE3 = bad for USD. No action = bad for USD.
I don't see the logic of QE, what will the FED buy with all the money it prints? the economy needs stimulation but congress will not ok more spending. The only option left for Uncle Ben is raising interest rates which would further hurt economy in the short term but will draw in more investment for mid/long term.
  • #691,212
  • Sep 12, 2012 3:40pm Sep 12, 2012 3:40pm
Quoting Mike8
Escuse me, where do get those information?
We have had such a huge rally upwards and there has not been much of a retracement. Add the fact we're overbought on Daily and coming to overbought on Weekly, we should be able to see a retracement back to previous highs and support levels around 1.26xx, or even 1.25xx if it does push down. Then depending on news and PA, we might test 1.29xx or 1.3 and depending on the close above or below, it might actually set the bar for the next trend movement seeing as this is the end of a wave. I'm not good with EW, but I did see many people draw this trend upwards as one of the waves. So we should see a correction followed by some sort of a trend following it. Let's see if I'm right shall we?
A 1 pip gain is better than a 1 pip loss.
  • #691,213
  • Sep 12, 2012 3:42pm Sep 12, 2012 3:42pm
Fu*k, I took my loss on short EURUSD, I am a total sucker! At least I made some money with gold.
  • #691,214
  • Sep 12, 2012 3:43pm Sep 12, 2012 3:43pm
Quoting mercy seat
ROLLOVER CLOSE / ROLLOVER OPEN + OUTLOOK:

Based on 2012-09-11_23h00 - ZigZag + Pivot Survey

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:

2012-09-11_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-37 # E31 (Text NA)

[url="http://www.forexfactory.com/attachment.php?attachmentid=1036954&stc=1&d=1347429115"]2012-09-12_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-37 # BY31...
Still in an uptrending mode ...

Quoting mercy seat
Intraday EUR/USD:



USD Continues To Haemorrhage



Projected resistance at 1.2904 is within striking distance, following Tuesday's EUR strength. However, longer-term EUR bears will look to defend 1.2904 resolutely, as a push above 1.2904 would leave the July 24 reaction low at 1.2042 as a potential bear failure. With backup resistance at 1.2958 from the 260-day moving average, the psychologically-important 1.3000 level is adequately protected. Weakness will attract support while above 1.2794, which is defended by 1.2820.



3 Day Trend...
2012-09-12_22h34 - NetDania _ EURUSD _ 010min _ W-37 _ candlestickchart + TL

Here we are currently ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #691,215
  • Sep 12, 2012 3:44pm Sep 12, 2012 3:44pm
Quoting almo
My take :


Any introduction of QE3 will result in a surge in inflation. As it stands, Gas has re-reached $4 a gallon over here, which will eventually trickle down to higher prices in general. QE3 introduction will mean Gas could reach as high as $4.50 , assuming no intervention from OPEC.

However you look at it, QE3 = bad for USD. No action = bad for USD.

Only good move would be to REDUCE the amount of available money, but that would come at a cost to the economy as a whole (ie S&P).


I expect no action tomorrow....
$4.00 gas is now a reality most Americans shall have to learn to live with. As much as inflation is a worry, I doubt this will stop BB from pressing the trigger, after all we are talking about the most dovish chairman ever in Fed history. Regardless, we shall know tomorrow what happens.
  • #691,216
  • Sep 12, 2012 3:45pm Sep 12, 2012 3:45pm
Quoting wolve
$4.00 gas is now a reality most Americans shall have to learn to live with. As much as inflation is a worry, I doubt this will stop BB from pressing the trigger, after all we are talking about the most dovish chairman ever in Fed history. Regardless, we shall know tomorrow what happens.
Dovish yes, but the announcement before FOMC, he did cause EURUSD to shoot down 300+ pips.
A 1 pip gain is better than a 1 pip loss.
  • #691,217
  • Sep 12, 2012 3:47pm Sep 12, 2012 3:47pm
Gold couldn't maintain its gaining against the USD , which is a very disrupting signal ..

We have tomorrow : The Dutch election results, German financial minister and FOMC ..

Too much uncertainty
"It's the Margin, Stupid."
  • #691,218
  • Sep 12, 2012 3:50pm Sep 12, 2012 3:50pm
Funny how price spikes each time it passes 1.29. All the buy and sell limits and orders surrounding it.
A 1 pip gain is better than a 1 pip loss.
  • #691,219
  • Sep 12, 2012 3:55pm Sep 12, 2012 3:55pm
All very well and you could be right, but that has nothing to do with trading, because trading is about timing, you could be right and lose money....

Beside the market can go in three direction up, down or nowhere and when predicting we have a good 30% chances to get it right. To get it RIGHT, whatever that means.

My suggestion is to spend less time predicting where she might go and investing more time on how being able to dance with her. Just a thought.
"Men who can both be right and sit tight are uncommon."
  • #691,220
  • Sep 12, 2012 4:02pm Sep 12, 2012 4:02pm
Quoting Mike8
All very well and you could be right, but that has nothing to do with trading, because trading is about timing, you could be right and lose money....

Beside the market can go in three direction up, down or nowhere and when predicting we have a good 30% chances to get it right. To get it RIGHT, whatever that means.

My suggestion is to spend less time predicting where she might go and investing more time on how being able to dance with her. Just a thought.
Ah but you see, predicting is equivalent to guessing with some evidences. I'm adding what I feel (yes my own emotions), some knowledge I got from looking at the movements of the PA, news, and expectations of QE disappointment.

I'm still a new trader but failing to listen to my feelings have cost me a huge sum since I started and I feel that this is what the market will do now. I believe it will retest 1.29xx and possibly even 1.3 tomorrow. But there is no way it will break into the 1.31xx region without a retracement. My fibs levels are actually all nicely lined up. It may be wrong, but I have to trust my system.
A 1 pip gain is better than a 1 pip loss.
192 traders viewing now