EurAnalysis

It better make top right here at 50'ties or I'll get very angry and do some black magic on her

try

Who is 'her'?

U/CAD might see 0.9900 the first time in this decade - if Crude stays below $92.

Now I've taken an initial sell after the high in a small 5m shooting star on lower volume - no demand. With more data due I'd like to see confirmation before adding to this position.....

might be short for "her indoors" aka "Trouble 'nd Strife" aka wife......

That's my b**ch that I'm talking about

Me too, after that 5m candle i opened small short. lets see if it can break 14 SMA or not, if it can break it i will add to my short.

any idea what NY session could bring us with E/U

it won't hurt

I will wait for another 45 mins for equity markets either sell-off or jump back in could lead to EUR rally - Dollar weakness.

Oh ya 'her'

wow two execs quits today...
CEO and COO resigns
-what does that say about banking's future when top two execs quit on same day after a very strong quarter....

You know I have actually been following this the entire year.

Here is an older article: http://leemarchetta.newsvine.com/_ne...-last-5-months
This one lists 122 resignations: http://www.activistpost.com/2012/03/...ns-signal.html

*If I'm not mistaken close to 200 bankers worldwide have resigned in 2012 alone, not sure why though...

another thing, 1.3028 is the 61.8% retracement of the fall from 1.3171 to 1.2803.
if this daily candle closes under 1.3028 we can see another huge downside leg.
lets see

Germany Open to Precautionary Credit for Spain, Lawmakers Say



Germany is open to Spain seeking a precautionary credit line from Europe’s rescue fund, two senior coalition lawmakers said, signaling a reversal of Finance Minister Wolfgang Schaeuble’s public position.

The comments by Michael Meister, a deputy caucus leader of Chancellor Angela Merkel’s Christian Democratic bloc, and Norbert Barthle, her party’s budget spokesman, indicate a rolling back of German resistance to a full sovereign bailout for Spain. Schaeuble cautioned Spain against seeking aid on top of its bank bailout as recently as last month.

For Spain, where Prime Minister Mariano Rajoy’s government has said it won’t request aid until the terms are clearer, a precautionary credit line “would be a possible move,” Barthle said today in a text message. The 500 billion-euro ($650 billion) permanent rescue fund, the European Stability Mechanism, which came into force on Oct. 8, “envisages help for sectors in the economy with limited conditionality.”

The views of German lawmakers are critical because they would have to ratify any aid request under parliamentary rules. Spain has cited concern of German rejection for its reluctance so far to seek bailout funds, a condition for triggering European Central Bank help to lower borrowing costs.

Merkel on Greece
Germany is signalling more willingness to cooperate with its European Union partners on measures to staunch the debt crisis ahead of a leaders’ summit in Brussels on Oct. 18-19. Merkel stepped up her praise of Greek reform efforts today after Schaeuble reaffirmed a commitment to a so-called banking union and one of his deputies said Germany would consider EU proposals to strengthen the monetary union.

“We’d have to look at any application that Spain made, whether for a precautionary credit or a full program,” Meister said by phone. “The applicant will have to decide.” The terms attached would vary based on the nature of the request, he said. “But one thing is clear: Whatever is requested, it won’t be without conditions.”

The prospect of Spain requesting a sovereign bailout had receded this month as Rajoy was deterred by a perceived German reluctance to endorse any request. Deputy Prime Minister Soraya Saenz de Santamaria said Oct. 11 the Spanish government had to be sure aid would “materialize” before asking for it and that it would be backed by all European countries.

...................

very interesting indeed

Germany Open to Precautionary Credit for Spain, Lawmakers Say

Hi Ken - this came out about an hour and a half ago and € then broke up above the 3018 high and ran on up to the 3858 area where there's been some selling....now waiting for the NYSE to open....but I guess you already know this, so this is to help those that dont http://www.forexfactory.com/images/icons/icon12.gif
Islander

No I didn't. I just found out when browsing thru the news.

Your EUR/AUD is more than 100 pips by now

Yep! So far so good.

Moved SL to +50 and will let it ride from here...

Took a cautious short at 3047. I wanted to get in at the top but unfortunately I was on the phone and missed it.

Anyway, it's still in my shorting zone so I'm good with it. A break above 3072 and I'll look to take a small loss. Otherwise I'm riding this baby down since we've pretty much hit the daily range already.

By the way, the creep upwards was not driven by the big boys. This is all a lemming pump so it's likely a bull trap.