EURUSD

Looks like it wants to go down tomorrow. Anything above today's high will change the picture for entire week.

st doing its thing
confliction

Will be out soon mate, won't leave it for tomorrow. You know what will happen tomorrow untill US re-opens anyway??!!?? 40 pips range and then the same shit another day... So better close if you can catch BE and look some other opportunity tomorrow...

I'll try something unheard of.. try to hold on a trade longer than a day.. of course it's not gonna work out..

whys that?

lol, nice..

Haha. Nobody has ever attempted this in the history of Forex. Are u mad?

You are really bored aren't you??!!??

I think I'm losing it.. or maybe I never had it.

My apologies, I thought you were talking about the macro scenario on the daily chart.

who knows what this thing is gonna do... that m15 now looks like it wants to drop..

Hold on until the Asian market opens is wise - it should at least push significantly higher for AUS Retail sales, in my humble opinion.

Out for 1 (one) pip... Isn't life great??? Have a good one all...! Tomorrow same shit again please, I just didn't have enough yet...

It depends where it's going to end up before Tokyo..

1.3123 above, 1.3034 below. TY is going to go for one of them.. just as it did yesterday with 3138.

3077/78 may st support it

I don't have a position open on this pair right now but if I did it would have to be short due to the supply right above current PA.

b.e. now... shower time

DJ Fed's Lacker: Further Stimulus Will Test Limits of Fed's Credibility

By Jeffrey Sparshott
COLUMBIA, S.C.--The Federal Reserve's efforts to boost the economy by buying more bonds will "test the limits" of the central bank's credibility and risk higher inflation as soon as next year, Richmond Fed President Jeffrey Lacker said Tuesday.

"I see material upside risks to inflation in 2014 and beyond, given the current trajectory for monetary policy," Mr. Lacker said in remarks prepared for a business conference.

Mr. Lacker's concern--he also worried about inflation in remarks last week--follow the Federal Open Market Committee's decision in December to start pumping more money into the financial system with new bond purchases. Officials also pledged to keep short-term rates near zero until the unemployment rate falls to 6.5% or lower--as long as inflation forecasts remain near its 2% target. The efforts are meant to drive down long-term interest rates to encourage borrowing, spending and investing.

Mr. Lacker broke ranks with the other members of the policy-making committee when he voted against the decision. Under the Fed's system, that vote rotates to another regional bank president for 2013.

Mr. Lacker said that further stimulus was unlikely to increase the pace of economic growth, which he forecast at around 2% this year. He also sees inflation at a little less than 2% in 2013, near the Fed's target.

If the Fed doesn't act quickly enough, though, inflation could emerge as a threat, he said.

"Because doubts about whether the Fed will keep inflation low and stable can themselves give rise to inflation pressures, history has shown that restoring our credibility can be an arduous and costly process," Mr. Lacker said.

Mr. Lacker said the central bank, meanwhile, is becoming more vulnerable to "seemingly minor miscalibrations in policy" as its balance sheet grows. That, in turn, risks "that inflation pressures emerge and are not thwarted in a timely way."

Mr. Lacker said he would remain alert for signs that the Fed should adjust its monetary policy.

Write to Jeffrey Sparshott at [email protected]

(END) Dow Jones Newswires

January 08, 2013 15:00 ET (20:00 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

I cannot see what data can push it down that far - the technicals dont suggest it, seeing as it couldnt penetrate the 0% retracement on the close. It seems it has been pushed as far as it will go, I feel it was going against the grain today. We can see 3200 tomorrow, and thats the tack I will take anyhow. Might close it over a beer later. Then go in at a good price pre-open post 0600.

Good luck, and sleep well on it!