GBP/USD and EUR/USD

ECB's Draghi Says Euro Zone On Track for Second Half 2013 Recovery

Published:Friday, 30 Nov 2012 | 3:15 AM ET
By: Reuters


European Central Bank President Mario Draghi said on Friday that budgetary consolidation in the euro zone would entail a short-term economic impact but the currency bloc was on track for a recovery in the second half of 2013.

http://media.cnbc.com/i/CNBC/Section...aghi-4-200.jpg

"We have not yet emerged from the crisis," Draghi told Europe 1 radio. "The recovery for most of the euro zone will certainly begin in the second half of 2013."

"It's true that budgetary consolidation entails a short-term contraction of economic activity, but this budgetary consolidation is inevitable," Draghi said, speaking through a translator.



Source : CNBC

Hi Tsar.

Hello All

todays chart ,We are still in a sell area

Boehner on 'Cliff' Talks: 'We're Almost Nowhere'

Published: Friday, 30 Nov 2012 | 1:22 PM ET
By: CNBC.com with Wires


House Speaker John Boehner lashed out Friday at President Barack Obama, saying negotiations to avoid the "fiscal cliff" are "almost nowhere."

http://media.cnbc.com/i/CNBC/Section...012-01-200.jpg

Boehner spoke after Republicans disclosed that the White House was $1.6 trillion in tax increases up front, as well as $50 billion in additional stimulus spending. (Read More: Speaker Boehner Discusses 'Fiscal Cliff.')

Boehner said the plan would be a "crippling blow" to an economy that is still struggling to find its footing.
"Right now, we're almost nowhere," the Ohio Republican told reporters. Even so, he added, he was determined to continue working with Obama.



Source : CNBC

Multi Pairs FX in Bar Trend + Power Graph

Friday - November 30, 2012

Dynamic Trend : Looking for Any Pairs Trends, from H4 to M1 time frime
Daily Dynamic : Looking for Any Pairs Trends, from D1 to D4 time frime

Pressuring GOP, Obama takes his fiscal plan to Pa.

Obama takes his fiscal plan to Pennsylvania; Boehner says talks going 'almost nowhere'

http://l.yimg.com/bt/api/res/1.2/oXh...png_162613.png By Jim Kuhnhenn, Associated Press | Associated Press



http://l2.yimg.com/bt/api/res/1.2/ox...3_original.jpg

House Speaker John Boehner of Ohio speaks to reporters on Capitol Hill in Washington, Thursday, Nov. 29, 2012, after private talks with Treasury Secretary Timothy Geithner on the fiscal cliff negotiations. Boehner said no substantive progress has been made between the White House and the House" in the past two weeks. (AP Photo/J. Scott Applewhite)


HATFIELD, Pa. (AP) -- President Barack Obama argued Friday that allowing taxes to rise for the middle class would amount to a "lump of coal" for Christmas," while Republican House Speaker John Boehner declared that negotiations to surmount a looming fiscal cliff are going "almost nowhere."

Obama took his case to an audience in a Philadelphia suburb, saying that this move would present a "Scrooge Christmas" for millions of wage-earners. Speaking at a toy factory, the president said Republicans should extend existing Bush-era tax rates for households earning $250,000 or less, while allowing increases to kick in for the wealthy.



Source : Yahoo! Finance

Fiscal Cliff Drama Won’t Write the Market’s Script

By Breakout | Breakout
By Michael Santoli



The current welling up of nostalgia for Alfred Hitchcock evidenced by a cable movie and theatrical release makes it only natural to label the "fiscal cliff" the stock market's MacGuffin — Hitchcock's name for a plot device that animates a story but in the end doesn't really matter for how it turns out.

Related: 'Be Careful What You Wish for' Regarding Fiscal Cliff: Jim Rickards

On the surface, the cliff drama seems all that matters in the short term, stock indexes hinging tick by tick on every grunt and chirp out of Washington relating to negotiations over a budget deal that might head off automatic tax hikes and spending cuts Jan. 1. The past two days the S&P 500 index (^GSPC) yo-yo'd the equivalent of hundreds of billions of dollars in market value over minutes with every inference from every phrase in midday politicians news briefings. It's been enough to give anyone vertigo.

Traumatic Episodes: Then and Now

The market is acting as if most active traders are operating by the muscle memory developed during a couple of prior traumatic episodes when stocks were held hostage by maddening Washington standoffs, the initial failure in Congress of the TARP bank bailout bill in 2008, and last year's prolonged impasse over raising the nation's borrowing limit.

Then, as now, the majority of financial players saw the obvious and proper outcome being a compromise that would let Wall Street breathe easier and move forward, only to be driven to disgust by the typical partisan intransigence. The markets reacted with tantrums and eventually the "obvious" outcome emerged, but not before a major (2008) or mini (2011) market meltdown.

Familiar as it all must seem, though, the immediate stakes in the cliff episode aren't as high, and because the prospect of a nasty fight has been out there as the biggest economic story of the season its impact wouldn't come as a surprise. The clock was ticking fast on the survival of huge swaths of the banking system in '08, and last year the government's ability to finance itself went down to the wire.

Read More »



Source : Yahoo! Finance

There are countless examples of logrolling in Washington, D.C.

Hi ALL,


Today, I received Twee's e-mail. He will extract some Posts from GBP/USD and EUR/USD thread's. I'm totally agree for these
I understand and comprehend, this Thread's keep Clean & Useful

For Twee : Thank you for your attention & really appreciated you, Sir



Best Regards,
Tsar

4 Hours

At the support level around 1.5838, the bulls have been taken control of the GBP/USD currency pair and forced the rate up inside a bullish Andrew’s pitchfork. Currently, the rate is set to cross the resistance level around 1.6103, after the first attempt failed. But Stochastic and the slightly decreasing OsMA, which is still high-leveled, are indicating first signs for losses. Therefore a fall down to the support level around 1.6040 or the lower pitchfork line are more than likely if the rate does not succeed to overcome the next hurdle.

[ATTACH]Attachment [/ATTACH]Hello All

new monthly candle is formed and we have to be awere of this candle and monthly chart so this we can see on the monthly chart that there is rejection from the downside and that buyers are stepping in but it dont mean that price have to go directly up. and when we look to the weekly chart this is an intresting chart we can see that price have formed an 1-2-3 chart pattern and it will be completed and tradeble when it braeke point 2 the critical level at 1.3170s and as i know when price breakes such important levels it have to jump rapidly and make big moves when it dont then its likely that it is a false breake to the upside , and then we go to the daily and watch this Downwurd sloping TL ulso visisble on the weekly and we can see that price didnt broke it immediatly with a strong bullish candle but it get rejected from the sellers several times and that means that the breake is not so strong and this is ulso visible on the 4H chart that the moves up are not so strong and that most of the candle have wicks from the upside and that the new highs dont exceed the broken highs that much that ulso give us the indication that the last moves up are not so strong and the an drop is likely maybe to test the weekly/daily broken red TL or the retest last weeks/months high , and then we go to the hourly chart and this weeks hight represent the sell area and the broker S/R levels and last weeks/months hight represent our buy area all charts ar attached.



Yoenes

Then one more think


If price is falling hardly as it is doing now we have to be care fully to get long at the buy area

Yoenes

Hello All


Eurusd review
As you can see on the chart 4H chart price have been droping quikly trough our buy area and ulso trough the broken trend line that was visible on the daily/weekly chart .So as i sayed before the breake of this TL was weak because it didnt breake with a full bullish candle but with candle wicks .
but after the quik drop of thursday I was not expecting any up move.

For next week our buy area becomes our sell area if price get there very slowly that will give us an better quality trade but if price get there very quikly with a sharp move up then maybe we have to pass this trade.

The 4h chart is attached to explain what i mean
If i get the time i will post more charts and analysis.

Yoenes

GU

Short @ 6037
Bearish Div - M30

SL 10
TP 40 - Below Fibo 50.0 - Fibo Retrace 5827/6174

CABLE in H4 Chart...

FIBER in H4 Chart...

GU in H4 Chart - Updates

EU in H4 Chart - Updates

Hello All

price is climbing up not that quikly so we can consider that the sell area is a good place to look for an sell signal but price is still not there.

I will wait till price areaves at the sell area and look for some rejection from the upside or an 1H candle close below the blue upwrd sloping TL
(an close with strong bearish candle) and will short it and place my SL above todays high. I prefer the rejection entry because of the better R/R
but the entry below the TL after the close will give me more confirmation and have ulso a better chance of a win trade.

The 1H chart is attached to explain what i mean.

Yoenes

my view on eu today.....
3 very strong tl that is closed to being touched as resistance or broken
strongest is blue tl back july 13, 2008.........1,312x
next is green tl back may 1, 2011 ..............1,312x
the least strongest is red tl feb 26, 2012.....1,3030

in any case we break all three of these tl is quite remarkable for euro zone turnaround or a very very bad usd fiscal cliff results....
I myself is short until hell breaks lose....tell me if i'm wrong in the way i'm looking at this....please comment as i need some views to determine whether to keep my shorts....thanks G

http://www.forexfactory.com/attachme...1&d=1355262439