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  • #854,881
  • Nov 20, 2013 11:08am Nov 20, 2013 11:08am
Quoting Miguel.N
{quote} ....cane be still a chance for those who are holding some longs, never know !?
Well we can know from the price action. If it continues to move lower, then yes, there are plenty of longs. Those longs are like fishes in a barrel and they will be fried-up like fish'n'chips one by one.
  • #854,882
  • Nov 20, 2013 11:12am Nov 20, 2013 11:12am
trade what you see not what you think
atheer1
  • #854,883
  • Nov 20, 2013 11:16am Nov 20, 2013 11:16am
I think 1.3290 is the first target. Slowly or fast I dont know, but 1.3290 first.
  • #854,884
  • Nov 20, 2013 11:26am Nov 20, 2013 11:26am
Quoting kimmerya
I think 1.3290 is the first target. Slowly or fast I dont know, but 1.3290 first.
when Bullard speaks...I guess it would be different if he was called Beard, probably more hairy too
  • #854,885
  • Nov 20, 2013 11:28am Nov 20, 2013 11:28am
I think Bullard is using a special fed reserve edition Magic8ball for his comments.
  • #854,886
  • Nov 20, 2013 11:31am Nov 20, 2013 11:31am
still holding long until 135. will go short there and add heavy at 135.17 if we get there.
  • #854,887
  • Nov 20, 2013 11:31am Nov 20, 2013 11:31am
It's funny how Fed tries to pump the Euro and then ECB comes and tries to devalue it. Cat & mouse for the past month or so.
  • #854,888
  • Nov 20, 2013 11:42am Nov 20, 2013 11:42am
Quoting sakisf
It's funny how Fed tries to pump the Euro and then ECB comes and tries to devalue it. Cat & mouse for the past month or so.
Looks like it is headed all the way down to 13390 at least
  • #854,889
  • Nov 20, 2013 11:43am Nov 20, 2013 11:43am
I don't have a long position on the EURO or short, but i don't understand the drop ... according to the article, the ECB may try negative depo rate to ease liquidity! But the data that should determine that will be released in the next 9 days - the Flash CPI , so why talking about it right now ? Yes, the German PPI was red - but Germany is not the entire European union. I honestly don't understand what the hell this article is all about ...

Anyway, i will stand watching
"It's the Margin, Stupid."
  • #854,890
  • Nov 20, 2013 11:43am Nov 20, 2013 11:43am
Thx Mr. Bullard. Just speaking on Bloomberg
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"I know one thing, that I know nothing." Sokrates
  • #854,891
  • Nov 20, 2013 11:44am Nov 20, 2013 11:44am
EU 1.2 in three months so I can retire early in my 30's.
  • #854,892
  • Nov 20, 2013 11:44am Nov 20, 2013 11:44am
Interesting that I have seen consistent reports over the last 3-4 months of global equity investors buying European equities, specifically European banks...

Nov 19th 2013
FT: http://www.ft.com/intl/cms/s/0/616fc0d2-5133-11e3-9651-00144feabdc0.html#axzz2lCyBwtyM
US fund managers have been making multibillion-dollar bets on the recovery of banks in the eurozone over the past four months in the belief that the region’s stuttering economic recovery will soon start to gather steam.

Nov 20th 2013
Reuters:http://www.reuters.com/article/2013/...0J332S20131120
Investors are buying euro zone bank stocks and options in anticipation of a fresh round of long-term loans from the European Central Bank, with Italian lenders seen benefiting most from any new cash.


The market seems to have been positioned for LTROs, or to a lesser extent QE. The market probably didnt take the threats of negative ECB deposit rates serious until today. Santander, Intesa and Deutche Bank are all trading lower as XLF, Citi, Bank of America and Wells are trading higher or flat. The market could be seeing these negative rates imposed on europe banks as bad for european bank profits in the short term, as it would take significant reshuffling of huge amounts of money to reallocate all the money these banks have parked at the ECB. They will likely take some losses during the period they are searching for new places to put that money.

If this is the case, that adds yet another fundamental EURUSD headwind, US hedge funds and real money accounts are reversing the equity inflows into the Eurozone.
Twitter: @TrendersGame
  • #854,893
  • Nov 20, 2013 11:44am Nov 20, 2013 11:44am
This is only the beginning of the EU drop. Very high % short, was looking for momentum to fall last night and it did, of course I was too much of a machine gunning intra day trading retard to put a short on and then went to sleep.

But this thing should have legs. FOMC probably going to destroy it hardcore. Really hope it can go back up and give me a good entry
  • #854,894
  • Nov 20, 2013 11:45am Nov 20, 2013 11:45am
Back to square one
  • #854,895
  • Nov 20, 2013 11:50am Nov 20, 2013 11:50am
Something is underway in EUzone. First the talk of bail-in for some months now, now negative rates and more QE. Guess ECB is preparing to print
  • #854,896
  • Nov 20, 2013 11:51am Nov 20, 2013 11:51am
Quoting Vachus
I don't have a long position on the EURO or short, but i don't understand the drop ... according to the article, the ECB may try negative depo rate to ease liquidity! But the data that should determine that will be released in the next 9 days - the Flash CPI , so why talking about it right now ? Yes, the German PPI was red - but Germany is not the entire European union. I honestly don't understand what the hell this article is all about ... Anyway, i will stand watching


Tried to tell you this morning BROSEPH
Twitter: @TrendersGame
  • #854,897
  • Nov 20, 2013 11:54am Nov 20, 2013 11:54am
Quoting Tom_D_Trader
Thx Mr. Bullard. Just speaking on Bloomberg {image}
We will know shortly where truth stands. I expect gold pullback in line. Low inflation+jobs below target, it's mad to be Bullard.
  • #854,898
  • Nov 20, 2013 11:55am Nov 20, 2013 11:55am
Quoting Citiboy
{quote} Tried to tell you this morning BROSEPH
What exactly you tried to tell me ? ...
"It's the Margin, Stupid."
  • #854,899
  • Nov 20, 2013 11:56am Nov 20, 2013 11:56am
I still think this is the start of wave 3 down... if so then It needs to go deep.
because wave 1 was 537pips... wave 3 is never the shortest... that will say in the coming time we go down to at least arround 1.30

Well time will learn...
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You can manage risk, but you can't manage the return
  • #854,900
  • Nov 20, 2013 11:57am Nov 20, 2013 11:57am
Quoting Greener
{quote} We will know shortly where truth stands. I expect gold pullback in line. Low inflation+jobs below target, it's mad to be Bullard.
Y, me thinks as well FOMC will deny it. Dec. imo too close definitely.
"I know one thing, that I know nothing." Sokrates
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