EurAnalysis

1. Fed member Evans (Dove) says Fed could reduce bond buying pace in 2013
2. USD will firm on any hint the Fed will slow down QE
3. The DXY is trading around 83.05 after closing at 82.92

Long @ 06

Reason 5 x 15 on the 10M RSI5 is up SLOW 5,3 up

30M white candle not near resistance.

Hi CM, is there any information related to PT? It is really surprising so far.

One more news flash for your enjoyment

 

1. Price has shown no willingness to bounce back above 200 day MA
2. Bear correction sees 200 day MA almost retested y'day - now moving lower
3. If prior lows at 1.275 get taken out, expect stops below Nov low to be tripped
4. If price then holds below Nov low (1.2661), possible retest of 2012 lows
5. Only holding above 200 day MA would alter bearish outlook
6. Chart: http://link.reuters.com/kyv96t
7. See (More) for more

I am feeling like an orphan.

out long @ 05 for +22 going back to bed for a couple more hours

Thanks CM cant wait to read your insights.

1. Further losses are on the cards following yday's rejection from 1.2878
2. Day indicators in the process of rolling over again, albeit fm neutral levels
3. A return to last week's lows by 1.2750 look to be on the cards next
4. Sold into the corrective rally intraday targeting the lower Bollinger
5. Chart: http://link.reuters.com/sux96t

have an existing long @ 45 now looking for a place to go short. May have to wait until ADP @ 815 or ISM @ 10A

Everyday I read this guy with my morning coffee. He posts a short video and commentary. PT would post his stuff

http://www.jkonfx.com/

EU is in the supply zone now. Lets see if it can break through

US ADP Employment Change (MAR) will be published in 5 min: Expected outcome: 200K

ADP +158K, Exp. +200K

short @ 36

Well Ms Market cant make up her mind here. I went short because it was at resistance eventhough the 5 didnt cross the 15. its all good I have a long @ 45 so i will see green either way

See how much power I have? I can stall the market.

Short @ 36 and long @45. Ms Market sits in between

For what it is worth

Muted euro reaction to ADP

03/04/13 @ 12:25 GMT by Simon Smith, Chief Economist

A fairly feeble attempt to move higher on the back of the weaker than expected ADP numbers out of the US. On their measure, private payrolls increased 158k vs. an expected increase of 200k. EURUSD moved up around 15pips to above 1.2840 but the initial move was not sustained. The lack of reaction not that surprising for two reasons. Firstly, the ADP release has been weaker of late in proving a decent lead for the official BLS numbers (see today's Daily Brief). Secondly, the dollar is now becoming more used to weaker data, after a period of upward data surprises (vs. disappointment for eurozone data), so volatility on EURUSD is now lower than we'd become used to owing to the divergent trends in data 'surprises'.

More on ADP since we are all sitting around BSing

ADP reported a gain of 158K private sector jobs in March, below expectations that stood on a gain of 200K. The upside is that February’s data was revised from 198K initially reported to 237K.


USD/JPY reacted with a drop – the pair often provides the best reactions to US data.
In February, ADP’s better than expected number was followed by a better than expected Non-Farm Payrolls report. So, if the ADP report is relatively accurate once again, we can expected a lower gain in jobs in the official release.


These figures do not always match and ADP changed its formula a few months ago. We will soon know if the figures are correlated also for March.


This isn’t the first US figure that disappoints in recent weeks. The signs of accelerated growth are now decelerating once again. Last week, jobless claims jumped back up to 357K after a few excellent weeks.


The next big hint for the NFP is the release of the ISM Non-Manufacturing PMI.

03 Apr EUR/USD Daily
12::30GMT - The earlier setback was held at the 1.2805 sup. and mkt. has subsequently rallied to a new high on the day at 1.2845. There is res. here so we need to see a clear break to target next res. at 1.2877/89. Sup. is still at 1.2805 and a reversal below here should put pressure back on the recent lows. N.I.

R5: 1.2940 intraday level
R4: 1.2910 intraday level
R3: 1.2889 * 26 Mar high
R2: 1.2877 Tues high
R1: 1.2835/45 intraday level
S1: 1.2805 intraday level
S2: 1.2770 Mon low
S3: 1.2750 * 27 Mar low
S4: 1.2730/35 projection

ADP March Private Jobs Miss, Lowest Since October
http://www.zerohedge.com/news/2013-0...lowest-october

Might give insight to NFP