EURUSD

looks like digestion system work well

Should take a few months holidays..and it will be probably be there when i come back

EUR/USD :


Some partial profits taken already ... done in 1.3884 zone ... resulting almost +20 points in green ...

Further ones are pending as shown here in 60 min chart ... Attachment ...

Thank you for your really useful participation Tom ... I knew you are one of the only and rare ones ...



;-|

Why is this move happening???????

EU is truly Teflon coated / armour plated, looks like 1.40 is not a impossible senario if we can achieve a H4 close abv 1.392, then we can start the journey towards 1.40 all the way towards 1.45 and then 1.49 by the end of the year...maybe we can hit 1.60 by the end of this year to next year...

eurozone is stucked in a deflationary economy for most of the bailed out countries, whilst germany, france and italy have inflation well anchored, lets see if we hit a good H4 closing in the london fix, traders will be pushing it up to the max for london fix..

its for the london fixing...

Technical? We've been consolidating and basing for the last two days.

Not gonna happen without a deep retrace....and maybe not at all, 1.6000 ? doubt it

Interesting, I'll look into this thanks man

Yea and we broke out of that monthly triangle formation and retested the 61% retracement from 2011. I guess thats enough confirmation for the euro to shoot into the stratosphere

Stratosphere? Hardly. We haven't even cleared the supply created last Friday.

Bastard :-D

i will start short all the 1, 39xxx area, can't miss this opportunity, cause maybe (almost sure) we will not see 1,40

Break up once London's home?

George Soros Offers His Two Pence on Scotland's Currency Debate -- WSJ Blog

12 Mrz 2014, 16:28

By Alex Brittain

George Soros, the man who nearly broke the Bank of England with a huge bet against the pound in 1992, has spoken on the currency options that would be open to Scotland if it voted for independence in September.

An independent Scottish currency could be vulnerable to attack from the type of speculation he used to practice, Mr. Soros, now retired from day-to-day investing, said at a presentation in London Wednesday. It would be difficult for Scotland to share the pound with the rest of the U.K., he added.

"An independent currency would be, I think, very inefficient and potentially dangerous, because currencies can be attacked, [people] can speculate against currencies, and then you have a weak currency," Mr. Soros said. "And I think there would be some takers."

Scottish pro-independence campaigners themselves don't advocate forming an independent currency. 'Yes' campaign leader and Scottish First Minister Alex Salmond has said if Scotland becomes independent it should be allowed to share the pound, and the Bank of England, with the rest of the U.K.

However, the three main political parties in London said last month in a co-ordinated response they would oppose forming a "sterling zone" with Scotland. Mr. Soros Wednesday also said such an arrangement -- sharing a currency without political union or fiscal transfers -- "would be a very difficult relationship."

A spokesperson for the 'Yes' campaign, responding to Mr. Soros' comments, said: "Sharing the pound in a formal currency union is the most sensible option, both for an independent Scotland and the rest of the U.K."

The Westminster parties' refusal to form a currency zone would limit Scotland's options. In addition to forming a new, independent currency, Scotland could join the euro zone or adopt the pound unilaterally in the same way that Panama and Ecuador use the U.S. dollar, without having an influence on its monetary policy.

Mr. Salmond says he believes the U.K. government would change its tune and agree to a currency union if Scots voted for independence Sept. 18. "After a Yes vote, sensible economic decisions will take the place of political posturing aimed at trying to secure a No vote," a spokesperson for his campaign said Wednesday.

Mr. Soros became notorious in the U.K. in 1992 when his fund made a huge bet against the pound that contributed to the currency being forced out of the European Exchange Rate Mechanism, a precursor to the euro zone. The BOE on "Black Wednesday", Sept. 16, 1992 spent billions in a doomed attempt to keep the pound strong enough to stay inside the system.

Mr. Soros, a supporter of political union within Europe, was in London to a launch a book warning that the EU could face a decades-long disintegration as a result of the euro-zone debt crisis. Decisions made in Germany in particular have created a two-tier Europe of creditor and debtor nations, and people in the latter are now becoming increasingly resentful of the EU as a whole, he argues in the book, titled "the Tragedy of the European Union."

March 12, 2014 11:28 ET (15:28 GMT)

Why Euro goes up and European leaders tolerate it?

US used to adopt the strong dollar policy based on the assumption that a strong exchange rate of the United States dollar is in the interests of the United States and the whole world because a strong dollar will encourage foreign bondholders to buy more Treasury securities.

Now could it be that Europeans see the solution to their debt crisis lies in a strong Euro?

Some good volatility here, lunch time US session killing off all the weaklings!
I cant help but laugh at my own killings however the market is bending very much in ways it doesn't like
currently long the AU and cable ,as well as short some fiber.

Anyone catch the gold rally?

Stopped out earlier trying to buy some GBPCHF.

As I so eloquently said earlier: It's fucked up.

note: it'll drop, just not when we think it will..

Hope I am not fucked up before euro is fucked up.

lol Germany dont mind having a strong euro, in fact they loved it, euro always get pumped up during NY hrs...

we got a strong H4 closing, looks like the "deep forces" want to pumped it towards 1.40....


We have a ukraine crisis in euro backyard, what will you do if u were living in the eastern blocks? having motherland's army upon you? dumped all your Ukrainian hryvnia and buy euro, its a no brainer

The interim gov of Ukraine shipped all of their gold reserve to US immediate after they got on power, had they have not done this, the poor Ukrainians can still buy some gold to diversify.