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EURUSD

  • #741,641
  • Jan 4, 2013 6:46am Jan 4, 2013 6:46am
Quoting Vachus
I think we may have found a Temp bottom finally ...
i only see 30 pip range, which is nothing unusual before nfp
  • #741,642
  • Jan 4, 2013 6:50am Jan 4, 2013 6:50am
1.3013/1.3022 still hold a sell pressure. Reaction around these prices shows that bears are gathering momentum for a downside movement. Just a little upside movement then it goes south
Keep the Lights on then you can catch the rise from the dark.
  • #741,643
  • Jan 4, 2013 6:52am Jan 4, 2013 6:52am
Quoting fxtyrant
this is exacly my point.... NFP doesnt always mean risk on to boost the EURUSD up dude...

when FOMC yesterday said they will end QE early if jobs and housing market is recovering strong....
you know that they are talking bout NFP today...
and that they will stop their printing press early that means No more devaluing of the Dollar... could only mean Dollar strength... and when dollar strengthens you can see it across all currency pairs related to the USD....
Good macro policy interpretation

Also receding risk of inflation following cessation of QE is contributing to dollar strength and gold weakness.
Hear the music before the song is over ...
  • #741,644
  • Jan 4, 2013 6:52am Jan 4, 2013 6:52am
Quoting fxtyrant
Funny you brought out GBPCAD
i have a feeling ill hold this for a very long time... i think a new historic low on the GBPCAD is in the cards this year...
also... gota love that Positive Swap Interest

https://dl.dropbox.com/u/52561775/Fo...12013.2030.gif
needed good entry on this one..cant post chart..think its the explorer in the shop...well, saw that GBP still has miles to fall yes. CAD always a good currency in the bag and thats about it. I really want the spike over there...any levels you are watching? A loong distance you say?
  • #741,645
  • Jan 4, 2013 6:53am Jan 4, 2013 6:53am
Quoting fxtyrant
this is exacly my point.... NFP doesnt always mean risk on to boost the EURUSD up dude...

when FOMC yesterday said they will end QE early if jobs and housing market is recovering strong....
The minutes I read didn't mention this. They only hint at an early end to asset purchases - it's important to draw a distinction between ending asset purchases and tightening of policy.
  • #741,646
  • Jan 4, 2013 6:54am Jan 4, 2013 6:54am
Although its falling like a rock i still see ~1.32X level soon maybe even 1.33X before it dives again and we see 1.24. Remember when we hit 1.26 and it reversed and we had the massive 4h wick? i see that scenerario at ~1.2975 or more likely 1.2876. See what happens!
  • #741,647
  • Jan 4, 2013 6:56am Jan 4, 2013 6:56am
Quoting BlueCirrus
I'm pretty sure that the admins on this site are the only ones that can ban someone for multiple user names.
That's right ...

Back to the topics please ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #741,648
  • Jan 4, 2013 6:58am Jan 4, 2013 6:58am
Stops-sucking showdown next in 30 min.

Advice:

Markets are quite thin yet, better use daily open-close prices for stop hunts.
They think they are smarter than I am.
  • #741,649
  • Jan 4, 2013 7:00am Jan 4, 2013 7:00am
Quoting fxtyrant
this is exacly my point.... NFP doesnt always mean risk on to boost the EURUSD up dude...

when FOMC yesterday said they will end QE early if jobs and housing market is recovering strong....
you know that they are talking bout NFP today...
and that they will stop their printing press early that means No more devaluing of the Dollar... could only mean Dollar strength... and when dollar strengthens you can see it across all currency pairs related to the USD....
Note the use of the conditional word "IF"..... You seem to be trying to imply the USA have solved all their problems.....
  • #741,650
  • Jan 4, 2013 7:07am Jan 4, 2013 7:07am
Quoting fxtyrant
Mate... ur absolutely ignoring the fact that FOMC said THEY WILL STOP QE if they see significant recovery in the Jobs and Housing market.... they only said it yesterday... so yes HIGH NFP is not gona be EURUSD rising up...

"They will stop QE IF they see SIGNIFICANT recovery........" - Might need a little more than one set of NFPs for this to happen IMHO. The statement is about as loose as you can get. Means jack all until we see a significant recovery....
  • #741,651
  • Jan 4, 2013 7:07am Jan 4, 2013 7:07am
Quoting mercy seat
The EUR/USD eases in late Asian trade, reflecting across-the-board strength in the USD as near-term concerns over the U.S. fiscal cliff recede and due to speculation that the U.S. Fed may end its loose monetary policy earlier than previously anticipated, says Marito Ueda, senior managing director at FX Prime Corp. "The euro's fall is due to the broad strength of the dollar, and a fall below 1.3000 is likely," Ueda says. If the December U.S. jobs report due later in the day comes in stronger-than-expected, the EUR/USD could lose further ground and may slip into a new 1.2700-1.3000 range from the current 1.3000-1.3300 band, Ueda says. The pair is at 1.3015 against 1.3049 in New York late Thursday.
Quick survey for the EUR/USD (Jan 04, 2013 04:00 CET) ... (Jan 04, 2013 08:00 CET) ... (Jan 04, 2013 12:00 CET) ... (Jan 04, 2013 13:00 CET) ...


2013-01-04_04h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-01 # FV88 (EN Daily, Weekly).PNG (129.7 KB)

2013-01-04_08h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-01 # FV88 (EN Daily, Weekly).PNG (130.1 KB)

2013-01-04_12h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-01 # FV88 (EN Daily, Weekly).PNG (130.2 KB)

2013-01-04_13h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-01 # FV88 (EN Daily, Weekly).PNG (130.4 KB)

Looks as if our pair is set still under pressure but afterwards a corrective rebound towards above 1.3075 or 1.3095 is anticipated ...

But currently it is still ranging down below this channel as shown in this chart (see Link below) ...

2013-01-04_13h47_ EURUSD _ min060 _ (200) candlestick (Spezial).PNG (20.3 KB)

Personally I would tend to say that 1.2950 is needed to hold any further downside attempts - otherwise you can forget the upside for a while ...

Daily SELL STOPS comes into play if below 1.2962 at 'End of Day' and 'End of Week' No. 1 in 2013 ...

See you laters ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #741,652
  • Jan 4, 2013 7:08am Jan 4, 2013 7:08am
hi guys ... when exactly NFP will be release , what time
  • #741,653
  • Jan 4, 2013 7:09am Jan 4, 2013 7:09am
Quoting gemy
hi guys ... when exactly NFP will be release , what time
21min time
  • #741,654
  • Jan 4, 2013 7:11am Jan 4, 2013 7:11am
unemployment rate will be worse for the US; I speculated Long for kiwi.
  • #741,655
  • Jan 4, 2013 7:13am Jan 4, 2013 7:13am
Had a small buy order at 1.3000 just closed for +14... waiting for nfp now
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  • #741,656
  • Jan 4, 2013 7:16am Jan 4, 2013 7:16am
Can some give a clue for what PA might possible occur once NFP is out? 1.3018 still holding firmly
Keep the Lights on then you can catch the rise from the dark.
  • #741,657
  • Jan 4, 2013 7:17am Jan 4, 2013 7:17am
Quoting ricmaj
Can some give a clue for what PA might possible occur once NFP is out?
It'll go up by 47 pips and how by 52
  • #741,658
  • Jan 4, 2013 7:19am Jan 4, 2013 7:19am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting gemy
hi guys ... when exactly NFP will be release , what time
http://www.forexfactory.com/calendar.php
  • #741,659
  • Jan 4, 2013 7:19am Jan 4, 2013 7:19am
Quoting ricmaj
Can some give a clue for what PA might possible occur once NFP is out? 1.3018 still holding firmly
might see spikes on both sides.... all i want iv theres a spike is that 1.3025 holds as resistance....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #741,660
  • Jan 4, 2013 7:21am Jan 4, 2013 7:21am
Why i have a feeling that Who shorted 1.30200 - 1.30 will be slaughtered in 10 minutes - i might be wrong though , but i have my reasons ...
"It's the Margin, Stupid."
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