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  • #855,801
  • Nov 24, 2013 2:12am Nov 24, 2013 2:12am
Quoting Ken A
{quote} It's they job to maintain price stability as free floating exchange rate while the masses on the long side will boost the rate higher up which is obvious that's not what they want. E/U is going higher without other parties participation.

same market makers who pushed Euro up to this point could easily matter of hours go bear as we saw on Aussie.Nothing is off limits as long as direction goes least line of Resistance.
In trading, you have to be defensive and aggressive at the same time
  • #855,802
  • Nov 24, 2013 2:21am Nov 24, 2013 2:21am
Quoting Davit
{quote} same market makers who pushed Euro up to this point could easily matter of hours go bear as we saw on Aussie.Nothing is off limits as long as direction goes least line of Resistance.
Very much doubt regular MM could push 1,000 pips up and down such as E/J, E/A, A/U et al.

Looking at EUR/XXX can easily see E/U is being dragged higher without the masses joining the party.
  • #855,803
  • Nov 24, 2013 2:29am Nov 24, 2013 2:29am
Quoting Ken A
{quote} Very much doubt regular MM could push 1,000 pips up and down such as E/J, E/A, A/U et al. Looking at EUR/XXX can easily see E/U is being dragged higher without the masses joining the party.

Market makers include Banks as well so I don't follow your logic. Are you applying Euro will go higher without any fundamental backing?I doubt that highly.
In trading, you have to be defensive and aggressive at the same time
  • #855,804
  • Nov 24, 2013 2:34am Nov 24, 2013 2:34am
Quoting Davit
{quote} Market makers include Banks as well so I don't follow your logic. Are you applying Euro will go higher without any fundamental backing?I doubt that highly.
Try this, say E/J has something to settle at 138.00 and U/J capped under 101.35 where E/U will land?

Or E/A to 1.5 and A/U .9, where is E/U
  • #855,805
  • Nov 24, 2013 2:38am Nov 24, 2013 2:38am
Quoting Davit
{quote} Market makers include Banks as well so I don't follow your logic. Are you applying Euro will go higher without any fundamental backing?I doubt that highly.


I assume you saw some contradictory news yesterday: BofA says sell EUR and buy USD/JPY then German minister say that everything in EZ is just fine....so how to sell EUR/USD if everything is just fine in EZ?
The Market pays you to be disciplined
  • #855,806
  • Nov 24, 2013 2:45am Nov 24, 2013 2:45am
Quoting Ken A
{quote} Try this, say E/J has something to settle at 138.00 and U/J capped under 101.35 where E/U will land? Or E/A to 1.5 and A/U .9, where is E/U

Yen or Aussie weakness does not necessarily translate Euro strength over USD.
If you have a 5yr data showing that it would be great.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #855,807
  • Nov 24, 2013 2:46am Nov 24, 2013 2:46am
Quoting mima
{quote} I assume you saw some contradictory news yesterday: BofA says sell EUR and buy USD/JPY then German minister say that everything in EZ is just fine....so how to sell EUR/USD if everything is just fine in EZ?
Why we do have to believe in what German minister says?

Traditionally Med club boys devalue their currency to get out of the shit, they probably have to do the same this time.

And why do German want a strong euro anyway? Are they disgusted with their huge export surplus?
  • #855,808
  • Nov 24, 2013 2:50am Nov 24, 2013 2:50am
Quoting Davit
{quote} Yen or Aussie weakness does not necessarily translate Euro strength over USD. If you have a 5yr data showing that it would be great. Regards
Yeah nevermind we all are looking at different things as trade decision regardless of what is said and done here will have no impacts on where PA is going to go.

Regards.
  • #855,809
  • Nov 24, 2013 2:51am Nov 24, 2013 2:51am
Quoting mima
{quote} I assume you saw some contradictory news yesterday: BofA says sell EUR and buy USD/JPY then German minister say that everything in EZ is just fine....so how to sell EUR/USD if everything is just fine in EZ?

EZ has 12-27% unemployment and only country showing any sign of life is Germany however fact that They lowered rates shows they are concern about recovery.EZ is not expected to get out of recession until 2017
I just saying they are more factors on Bear side then Bull that's all.I could be 100% wrong as well since lot depends what MM will do.
In trading, you have to be defensive and aggressive at the same time
  • #855,810
  • Nov 24, 2013 3:21am Nov 24, 2013 3:21am
Quoting Davit
{quote} EZ has 12-27% unemployment and only country showing any sign of life is Germany.... lot depends what MM will do.
Thank you ...
The Market pays you to be disciplined
  • #855,811
  • Nov 24, 2013 3:52am Nov 24, 2013 3:52am
Thanks a lot.
  • #855,812
  • Nov 24, 2013 5:42am Nov 24, 2013 5:42am
And what about the iranian agreement? I guess oil price down usd up.
  • #855,813
  • Nov 24, 2013 5:54am Nov 24, 2013 5:54am
seems like we'll gap down based on xe.com
  • #855,814
  • Nov 24, 2013 6:02am Nov 24, 2013 6:02am
Total financial year result 2013/job,pension,assets management-life spending/:+8%, plan+8%.
Plan - the law, fulfillment - the duty, overfulfillment - the honour/
  • #855,815
  • Nov 24, 2013 6:04am Nov 24, 2013 6:04am
Quoting meromar
Total financial year result 2013/job,pension,assets management-life spending/:+8%, plan+8%. Plan - the law, fulfillment - the duty, overfulfillment - the honour/
What is ur total year financial result?
  • #855,816
  • Nov 24, 2013 6:41am Nov 24, 2013 6:41am
Quoting Ken A
{quote} Try this, say E/J has something to settle at 138.00 and U/J capped under 101.35 where E/U will land? Or E/A to 1.5 and A/U .9, where is E/U
Based on these assumptions, E/U may touch 1.36xx not more. But if you change this data, you can see that the pair is moving between 1.34xx 1.36xx for a couple of weeks.
  • #855,817
  • Nov 24, 2013 6:42am Nov 24, 2013 6:42am
Quoting sugarbelly
And what about the iranian agreement? I guess oil price down usd up.
Not expecting drastic change to. Oil but $1-3 range as nothing has change after the sanction releif that Iranian will get $7 bil. The direct impact is the closest to the region Israel risk assets will rally but no big direct impact to oil.
  • #855,818
  • Nov 24, 2013 8:09am Nov 24, 2013 8:09am
Quoting meromar
{quote} What is ur total year financial result?
Anybody totally positive yearly here?
If no answer then all negative and no right to post
  • #855,819
  • Nov 24, 2013 9:31am Nov 24, 2013 9:31am
Quoting meromar
{quote} Anybody totally positive yearly here? If no answer then all negative and no right to post
That means you really aught to go get a job. No free lunches here.
  • #855,820
  • Edited 10:13am Nov 24, 2013 9:54am | Edited 10:13am
Quoting Ken A
{quote} Not expecting drastic change to. Oil but $1-3 range as nothing has change after the sanction releif that Iranian will get $7 bil. The direct impact is the closest to the region Israel risk assets will rally but no big direct impact to oil.
does it have too? latest data from August 2013 is up almost 19% ytd. the u.s. production curve is up since Sept, 2008 low..that means the u.s. is producing 51% more oil since Sept. 2008. (1990/91 levels, where was oil then, add inflation and whatever)
unless my math is off..
London markets are heavily tilted in oil production.
go back to pre crises 2008, match the Cushing Ok. levels with news release and the eu movement. personally i hold for the 40 year curve to turn around. Iran oil is just a pimple on the ass if whats happening in the background in a proven reality. the Iranian leaders may see this also. each day they are becoming less relevant. at the rate of u.s production, ez may have get more from the Atlantic neighbors . that current spike on the chart, is 5 years old. its just getting steeper.

http://www.eia.gov/dnav/pet/hist/Lea...s=mcrfpus1&f=m
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