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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #59,761
  • Nov 1, 2012 5:44am Nov 1, 2012 5:44am
Quoting fxcode
looking for the lond during US session,target1- 29575(major support for 2 days now turn resistance), target2- 29670 (october 2 high).think US cant go beyond.

if we get there before US session, then i might look at 1.300/20(major resisitance for 25th and 31st oct).
also RSX on H4,H1 looks oversold and Rsx Daily looking Up
**target 1.300 if u got the stamina. for me i'll leave the rest on the table.
Life is beautiful the way you dress it.
  • #59,762
  • Nov 1, 2012 5:52am Nov 1, 2012 5:52am
Quoting fxcode
**target 1.300 if u got the stamina. for me i'll leave the rest on the table.
Almost there!
  • #59,763
  • Nov 1, 2012 5:55am Nov 1, 2012 5:55am
Quoting 100PipsADay
Almost there!
PUSH! PUSH!! YOU CAN DO IT.YES YES
Life is beautiful the way you dress it.
  • #59,764
  • Nov 1, 2012 5:58am Nov 1, 2012 5:58am
Quoting fxcode
PUSH! PUSH!! YOU CAN DO IT.YES YES
Sounds like you're watching a Porno...
  • #59,765
  • Nov 1, 2012 5:59am Nov 1, 2012 5:59am
Quoting 100PipsADay
Sounds like you're watching a Porno...
LOL
that what PA got me saying.
Life is beautiful the way you dress it.
  • #59,766
  • Nov 1, 2012 6:02am Nov 1, 2012 6:02am
Quoting fxcode
LOL
that what PA got me saying.
Hahaha. I hope PA can maintain itself towards the upside a little longer too. Tired of markets being range bound...
  • #59,767
  • Nov 1, 2012 6:02am Nov 1, 2012 6:02am
Strong resistance @ 50% fib of Oct 10 low and Oct17 high on daily.
Life is beautiful the way you dress it.
  • #59,768
  • Nov 1, 2012 6:05am Nov 1, 2012 6:05am
Quoting 100PipsADay
Hahaha. I hope PA can maintain itself towards the upside a little longer too. Tired of markets being range bound...
true!!! above 1.300 would be a very good place to short any day the opportunity arises.
Life is beautiful the way you dress it.
  • #59,769
  • Nov 1, 2012 6:05am Nov 1, 2012 6:05am
Dollar might be bullish in NYSE due to the coming elections and Sandy recovery.
  • #59,770
  • Nov 1, 2012 6:35am Nov 1, 2012 6:35am
Quoting Ken A
Dollar might be bullish in NYSE due to the coming elections and Sandy recovery.
due to elections ? Maybe.

due to Sandy ? Doubt it. Gov spending can't be good for a country's currency cause the recovery spending (while creating gdp) does not create WEALTH for the country. Heck, if it did, we would've burned down the earth years ago.

The moment Romney wins is the moment you buy the fck out of dollar. Although, chances favor Obama and this is what i think will be the outcome of the elections.
  • #59,771
  • Nov 1, 2012 7:11am Nov 1, 2012 7:11am
Quoting lumesh
due to elections ? Maybe.

due to Sandy ? Doubt it. Gov spending can't be good for a country's currency cause the recovery spending (while creating gdp) does not create WEALTH for the country. Heck, if it did, we would've burned down the earth years ago.

The moment Romney wins is the moment you buy the fck out of dollar. Although, chances favor Obama and this is what i think will be the outcome of the elections.
I mean dollar repatriation.

BTW, Euro didn't move but look at AUD and NZD.
  • #59,772
  • Nov 1, 2012 8:22am Nov 1, 2012 8:22am
beautiful dark cloud has just covered my town, and a beautiful DCC is forming on H4 EURUSD also. I am more bearish on euro than ever....
TRADE FOR SWAP
  • #59,773
  • Nov 1, 2012 8:25am Nov 1, 2012 8:25am
....and the weekly chart stochs are crossing each other and down through the 80 line beautifully (EU, EA, ET)....think I just saw a flock of black swans beneath that dark cloud.
TRADE FOR SWAP
  • #59,774
  • Nov 1, 2012 8:36am Nov 1, 2012 8:36am
Greek court: Pension cuts, retirement age hikes may be unconstitutional
Written by Jamie Coleman
November 1, 2012 at 15:13 GMT

Reuters headline.

If so, it would be back to the drawing board for the troika and Greece would be in real danger of defaulting in the next few weeks as they run out of cash on hand.

EUR/USD sliding, now at 1.2950. Bids were rumored from sovereigns earlier at 1.2920/25. I would not bet my life on them being there after this news.
Talk about throwing the proverbial spanner in the works…
  • #59,775
  • Nov 1, 2012 8:52am Nov 1, 2012 8:52am
Quoting Ken A
Greek court: Pension cuts, retirement age hikes may be unconstitutional
Written by Jamie Coleman
November 1, 2012 at 15:13 GMT

Reuters headline.

If so, it would be back to the drawing board for the troika and Greece would be in real danger of defaulting in the next few weeks as they run out of cash on hand.

EUR/USD sliding, now at 1.2950. Bids were rumored from sovereigns earlier at 1.2920/25. I would not bet my life on them being there after this news.
Talk about throwing the proverbial spanner in the works…
ken, what do you think of the audusd vs eurousd moves today? eur has slid quite a bit and so has the 30y US bond. dollars being bid on one side but strong aud demand on the other? my fundies arent the best but i like staying short based on what i see. please correct if i am wrong
Any prices quoted are futures
  • #59,776
  • Nov 1, 2012 8:56am Nov 1, 2012 8:56am
Quoting redteamgo
ken, what do you think of the audusd vs eurousd moves today? eur has slid quite a bit and so has the 30y US bond. dollars being bid on one side but strong aud demand on the other? my fundies arent the best but i like staying short based on what i see. please correct if i am wrong
For AUD I think big players are in anticipating RBA rate cut for few hundred pips down. I could be wrong though.

For EUR is obviously the Greece in the news posted above but this kind of news wouldn't last long. We are still in the range 1.3170 - 1.2814.
  • #59,777
  • Nov 1, 2012 9:35am Nov 1, 2012 9:35am
Quoting redteamgo
ken, what do you think of the audusd vs eurousd moves today? eur has slid quite a bit and so has the 30y US bond. dollars being bid on one side but strong aud demand on the other? my fundies arent the best but i like staying short based on what i see. please correct if i am wrong

stocks skyrocketed - it's as simple as that. Risk is on, so high yielders benefit. don't forget that euraud market is traded too and in a risk on environment EUR and GBP are also seen as funding currencies not just the USD.
  • #59,778
  • Nov 1, 2012 9:43am Nov 1, 2012 9:43am
question time

obama wins, what happens to dollar ?

romney wins, what happens to dollar ?


i have read up on this and opinions seem to be somewhat conflicting, so i thought lets see what the gang has to say.

any input would be appreciated.
  • #59,779
  • Nov 1, 2012 9:44am Nov 1, 2012 9:44am
Quoting lumesh
stocks skyrocketed - it's as simple as that. Risk is on, so high yielders benefit. don't forget that euraud market is traded too and in a risk on environment EUR and GBP are also seen as funding currencies not just the USD.
I think he is interested in as to why dollar bullish at the same time equities and commodity currencies (and Euro sliding) which is unusual in Risk-On environment.
  • #59,780
  • Nov 1, 2012 9:53am Nov 1, 2012 9:53am
Quoting godrich
question time

obama wins, what happens to dollar ?

romney wins, what happens to dollar ?


i have read up on this and opinions seem to be somewhat conflicting, so i thought lets see what the gang has to say.

any input would be appreciated.
obama wins = stock up, risk on
Mitt romney wins = stocks down, risk averse
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