EurAnalysis

If it goes to test upper levels - these are my sweet spots (M5):

PT, are you gunning AUD also ?

or you're waiting the outcome of the FED and decide then ?

Nothing is going to happen today. Everyone is waiting the fireworks on Dec 12.

IMO it will slightly goes up, buy the rumor (massive QE), sell the news...

clearly we're looking at a retest of 2950/60 for today unless the current PA loses its legs completely

well just have a look at usdx, the current up-move in eurusd is not due to eur strength but because of usd weakness.

just looks like the dollar is weakening more than anything else. to me, this is an intraday selling opportunity if it hits 2950/60. not interested if its below that area before the fed decision this week

Not really, have a look at the yields of 10 yr and 30 yr.

was there any hopium i might have missed regarding the pound ?

? there is nothing remarkable about either's prices at the moment.

nope. just pound doing it's usual business

Ill be looking to short thie pair at 1.2970 when/if we get there and if price continues to go higher then will look to short again at 1.3010

Of course a lot will be decided on 12th December but this will be my strategy...

Unless we fall back down from here, but i wont bank on it,.... as always time will tell!

Good luck to all!

Becareful. Look both ways before crossing the street.

Edit: I learn a lot from PT

http://www.head2tail.com/decor/Images/trap.jpg

AUD/USD Daily.

NZD/USD Daily.

LOL, of course! Thanks for the heads up

Good Morning

http://www.goldmoney.com/gold-resear...gmrefcode=gata

Snippet:

The final chart shows the non-US banks’ net shorts. Unlike their exposure to gold, these banks are in the same deep trouble as the US banks, having made the mistake of turning a broadly level book as recently as the August BPR into a record net short position on the August-October price rise. This is a vicious bear squeeze on them, which added to the US banks’ position amounts to a total short of 290,000,000 ounces. This figure compares with net shorts of only 120,000,000 ounces when the price was successfully taken down from its all-time highs early last year.

http://www.goldmoney.com/images/char...ksnetshort.png
Conclusion
The silver does not exist to cover these short positions, and it will take very little further buying to set off a crisis in this important market. In the case of gold, there have always been central banks with physical bullion available to ease market shortages, but so far as we are aware the strategic silver stockpiles of previous decades are exhausted. There is therefore no price at which these shorts can be closed.
Bank positions in both silver and gold seem to have been adversely affected by “events unknown” from the August BPR onwards. All attempts by the banking community to regain control of these important markets appear to have failed.

Since the date of the latest BPR (December 4), there have been three serious attempts to reduce these short positions and each time the same $32.60 level has held firm. This suggests that a buyer or buyers larger than the banks are prepared to take them on by buying the dips. This price action supports anecdotal evidence that physical bullion in important markets such as London is in short supply.
On this evidence, and assuming the trend continues, there will shortly come a time where NYMEX will be forced to declare force majeure in this market, which they can do under their rule book. The consequences of this extreme action could well be destabilising not only for the price and demand for silver but also disruptive for gold.

Therefore, we must add the breakdown of precious metals markets to the list of systemic dangers we face in the New Year.

This man is quite narcissistic... > Monti: Market reaction to my resignation is understandable.

Narcissism Symptoms:

Symptoms of this disorder include:
Reacting to criticism with anger, shame, or humiliation
Taking advantage of others to reach their own goals
Exaggerating their own importance, achievements, and talents
Imagining unrealistic fantasies of success, beauty, power, intelligence, or romance
Requiring constant attention and positive reinforcement from others
Becoming jealous easily
Lacking empathy and disregarding the feelings of others
Being obsessed with oneself
Pursuing mainly selfish goals
Trouble keeping healthy relationships
Becoming easily hurt and rejected
Setting goals that are unrealistic
Wanting "the best" of everything
Appearing unemotional
In addition to these symptoms, the person may also display dominance, arrogance, show superiority, and seek power. The symptoms of narcissistic personality disorder can be similar to the traits of individuals with strong self-esteem and confidence; differentiation occurs when the underlying psychological structures of these traits are considered pathological. Narcissists have such an elevated sense of self-worth that they value themselves as inherently better than others. Yet, they have a fragile self-esteem and cannot handle criticism, and will often try to compensate for this inner fragility by belittling or disparaging others in an attempt to validate their own self-worth. It is this sadistic tendency that is characteristic of narcissism as opposed to other psychological conditions affecting level of self-worth.
In children, inflated self-views and grandiose feelings, which are characteristics of narcissism, are part of the normal self-development. Children typically cannot understand the difference between their actual and their ideal self, which causes an unrealistic perception of the self. After about age 8, views of the self, both positive and negative, begin to develop based on comparisons of peers, and become more realistic. Two factors that cause self-view to remain unrealistic are dysfunctional interactions with parents that can be either excessive attention or a lack thereof. The child will either compensate for lack of attention or act in terms of unrealistic self-perception.
The Childhood Narcissism Scale (CNS) measurements concluded that narcissistic children seek to impress others and gain admiration but do not have any interest in creating sincere friendships. CNS researchers have measured that childhood narcissism has become more prevalent in Western society; any types of activities that focus on overly praising the individual can raise narcissistic levels. More research is needed to find the reasons that promote or protect against narcissism.

Narcissism Causes:

The cause of this disorder is unknown, according to Groopman and Cooper. However, they list the following factors identified by various researchers as possibilities:
An oversensitive temperament at birth
Excessive admiration that is never balanced with realistic feedback
Excessive praise for good behaviors or excessive criticism for bad behaviors in childhood
Overindulgence and overvaluation by parents, other family members, or peers
Being praised for perceived exceptional looks or abilities by adults
Severe emotional abuse in childhood
Unpredictable or unreliable caregiving from parents
Valued by parents as a means to regulate their own self-esteem
Some narcissistic traits are common and a normal developmental phase. When these traits are compounded by a failure of the interpersonal environment and continue into adulthood, they may intensify to the point where NPD is diagnosed. Some psychotherapists believe that the etiology of the disorder is, in Freudian terms, the result of fixation to early childhood development.
A 1994 study by Gabbard and Twemlow reports that histories of incest, especially mother–son incest, are associated with NPD in some male patients.

My conclusion: Monti is a MoFo

http://i.qkme.me/35ti22.jpg

What market reaction? I see none. He has been talking not going for the next terms the whole 2012.

Perhaps after reaching certain age is becoming childish.

Baby > Adolescence > Teenage > Adult > Maturity > Back to Childish.

Well said
I bet he misses his mummy

Who is going to win the race, BOJ or FED?


Reuters: BOJ to ease another 5-10 trln JPY next week- Sources
Written by Jamie Coleman
December 10, 2012 at 16:16 GMT

Another meeting, another JPY 10 trln…
USD/JPY is former, at 82.40. Heavy selling remains laddered up from 82.80 to 83.00.