EURUSD

Nice boner on that eurusd here. Watching how that 3770 behaves.

http://www.forexfactory.com/news.php?do=news&id=472393

don't short against a strong uptrend. if euro breaks 1.3687 go all out and short

That's exactly what i need...very good news on top of moves

lol, draghi already said before ECB is not concerned about the exchange rates and they dont target the exchange rates. with good german business expectations, you expect EUR to drop?

I am not expecting euro to fall iow. I just mentioned don't short against a strong uptrend. but I don't trust draghi either. he has given diverging statements in the past. makes logical for the euro to touch 1.3823.

Haven't been here in ages due to my overweight on equities during the past year but I'll probably be back here a little more often as I'm moving back into currencies again and closing out my equities.


Just some views to share:
EU has been ranging and is still in a range. Really depends on your TF to decide how you want to play this out. Currently employing 3 strategies for playing the EU range, mainly building positions shorting on a higher TF and going long with higher leverage on shorter TFs.


With my long term outlook for the EU to be negative, this is as the fundamental debt crisis is yet to be solved with France as a potential trouble unless they get their act together. The usual suspects are getting on right now but it will run out and be back in the spotlight come Jul/Aug. Currently, money flows into Europe are based on relative strength against other countries.


With bad news everywhere it's merely a case of choosing the lesser evil. That said, my personal analysis puts the EU at 1.34 range, anything above 1.37 would smack a huge dent into the EU recovery and slam export growth, would also expect sovereign supply to kick in at 1.38/39.


For the US, as long as the Fed continues to play emphasis on unemployment figures, you can bet that the USD will continue gaining strength and the bets will be on a "stronger" US economy. My huge concerns for the US is the labor participation rate as a decrease in labor participation usually spells a lower and more stable unemployment number.


My current bets are on USD strength with a TF of 1 year or less, am looking to build positions of USD/JPY. Long term wise, we should continue ZIRP at least til 2015-2016 when labor participation rate does indeed increase, we should see an increase in unemployment again with the respective accommodative monetary policy.


I'm a China skeptic as well after a few trips and networking sessions in China could be a bit biased given my sample size. I won't touch China or AUD for now, I do like NZD and especially like the NZD/JPY as a carry trade, given NZD better outlook and higher probability of monetary tightening.

1.6233 is coming next summer

short at 1376x tp 1369x sl 1385x

EZ action says they don't want weak euro but either strong or stable euro around 1.35
Their fking bluff came from blabbers to stabilize upside move.

Waiting for a spike toward 38xx to join euro fking party

. Should read first.

Why don't you try search option?

short at 1.3763 - tp1: 1.3700 (100% profit)

Appreciate your confidence.

3775 will kill Morgan Stanley job

good bye morgan stanley, see u next summer at 1.6233

Where did you hear it?

Today I guess we will try 1.3840

it's my opinion sir