EURUSD

Stop spreading this fear mongering spam trash please.. Admin needs to take these posts out. The video is all about Stansberry selling their crap scaring you off.. its silly. A downturn will come just like it did in England when the Pound lost its reserve status but I doubt that it will be a CRASH, just a downturn.. maybe war or depression or whatever, the usual crap, some will even die. We all will be just fine in general. UK is doing just fine after they lost the reserve status now right? US I'm sure will be just fine and will remain in the elite status. You will survive haha It will happen to us human what always happens to us in history, nothing unusual..

what do you make of this? what's your view?

Socially, a mess, I am worried about the consequences.....

As a trader, I am thinking to set an account only for this and sell the hell out of it....

Define insanity?

This is typical martingale strategy, 4 months and below just one week after that hard work, you be the judge.
This is the reason why during trending market you will see bots 1/3 months old with offer of 1000's% return, I somehow never seen them running for more than that, wonder why....

Vachus, you have very strong opinions, which is not a good prerogative for a decent trader....

I gave the guy my view....mine is not yours.....if you like to be part of it....be a bit more articulate.....if you do not mind.

LONDON (Reuters) – The European Central Bank will eclipse all else in economic terms this week, following heavy hints that monetary policy will be loosened in a variety of ways.
Financial markets have been buoyed by the prospect of cheaper money in the euro zone and would react sharply if the central bank does not deliver on Thursday. Its policymakers have done nothing to disabuse investors of the notion of imminent action.
A clutch of senior sources told Reuters earlier this month that the ECB was preparing a package of policy options for its June 5 meeting, including cuts in all its interest rates and targeted measures aimed at boosting lending to small- and mid-sized firms (SMEs).
Action being readied includes taking the ECB’s deposit rate negative for the first time – effectively charging banks to park money at the central bank in the hope they will lend it out instead.
The ECB insists it sees no threat of deflation but euro zone figures for May, due before it meets, are forecast to show inflation at just 0.7 per cent. That is within what ECB President Mario Draghi has termed the “danger zone” below 1.0 per cent for the eighth successive month.
“We are aware of the risks of a too prolonged low inflation period,” Draghi told an ECB conference outside Lisbon last week, adding that he and his colleagues had to be “particularly watchful” for any negative price spiral.
At the last policy meeting in May, Draghi said the ECB was comfortable with acting in June if updated staff forecasts merited – as close as a central banker gets to a nod and a wink.
“Draghi’s May press conference raised market expectations of action, and the ECB will want to appear bold,” said Nikolaus Keis, economist at Unicredit. “The risk is that monetary conditions may quickly start tightening anew if the ECB’s moves are perceived as too timid.”
What is not yet on the cards is the ECB following the Federal Reserve and Bank of England down the road of printing money.
The British central bank delivers its latest policy decision on the same day as the ECB. While it is too early for an interest rate rise, a now strong economic recovery and a housing market running hot are dismantling the consensus that no tightening is in prospect until next year.
“There are clear indications in the May minutes that some of the more hawkish MPC (Monetary Policy Committee) members are starting to get twitchy,” said Howard Archer, Chief UK & European Economist at IHS Global Insight.
India’s central bank meets for the first time since Narendra Modi’s landslide election win.
Reserve Bank of India (RBI) chief Raghuram Rajan has hiked interest rates three times since he took office in September, in an attempt to corral stubbornly high inflation even as economic growth slowed to decade-low rates.
Investors expect Modi to bring down inflation by cutting subsidies, improving food distribution and promoting investment in infrastructure, breaking years of policy stasis.
The market consensus is that the RBI will now keep its repo rate at 8.0 per cent until at least January.
U.S. JOBS REPORT
The monthly U.S. employment report, rarely anything other than the most important global economic indicator, is on Friday.
A Reuters poll of economists forecast 220,000 jobs will have been added in May, putting the jobless rate at 6.4 per cent.
Data last week showed the U.S. economy contracted in the first quarter for the first time in three years as severe winter weather bit, but there are signs activity has since rebounded.
Minutes of the Federal Reserve’s last meeting showed first discussions about an eventual retreat from near-zero interest rates after it finishes winding down its money creation program. The Fed’s policy committee meets next on June 17/18.
The minutes showed some divergence of views about the state of the labour market but general agreement that any sustained uptick in inflation may still be years away.
Not all economists agree.
“With domestic measures of economic slack elevated and current readings of inflation pressures well below Fed targets, the Fed’s current accommodative stance is fully appropriate,” said Gilles Moec, economist at Deutsche Bank.
“However, we expect these data, particularly inflation, to change meaningfully over the course of the year.”
Leaders of the Group of Seven nations meet in Brussels on Wednesday and Thursday, but a decisive Ukrainian election result and signs Moscow has pulled back from direct intervention in the restive east of the country mean any talk of the more sweeping sanctions against Russia that had unnerved emerging markets are likely to be firmly on the backburner.


hi guys what will above shiit means to EURO next week? any idea?

Precisely 0 to me..... lol

What really annoyed me was how often he would say that he predicted an event without showing any proof! Anyone could say that he say the collapse of Lehman, but without any spread sheet or excel file those are just empty words.

I couldnt agree more with you. Technology is what put the US in the top of the world but also keeps their economic system alive. The question is what will happen if they cant keep up. They are having more and more cuts in the budgets.

just some fundamental dart throwing.

Donika shpirt,
most of the time,news are already priced in.

Well what one should do is look at the individual trades. Many people claim to have bots, when in reality they don't or they actually do, but sometimes they take over trading within the account. Another interesting thing is the following. If a person can pull off 1000% profit in any amount of time, the best money management would be to withdraw all profits.

I do understand that many of us are looking for "long term" PROFITS, or something which works long term, but don't you feel that such thought is far-fetched. We've seen it in EUR/USD over the last 3 weeks, big profits get erased by people following the "trend". I would have to say that no swing trader pulls off 500%+ (which of course can be supported by his her trade history), while scalpers/scalping bots do it regularly. One thing swings and scalpers both experience are massive losses eventually.

u say swings and scalpers both ends up massive losses eventually, so would u tell what type of traders make profit consistently, long-term and forever ? I'm learning forex

I am quite worried that it's only the extreme right playing the democracy card in EU. Far from being a tory, I think that Cameron is right about Juncker. Aside from his poor personal records as EU president, bears a name which sounds awful in English and doesn't bode well.

what to expect from tomorrow for eur/usd pair ? some advice

Given the market sentiment expects more easing from the ECB with hints dropped by Draghi, the euro has been tumbling for past few weeks. Also I mentioned that, we would be expecting a short correction in this pair and amended TP1 to 1.3600, and it indeed hit 1.3600 and goes all the way to 1.3685 lowest, before closing up to 1.3630 on Friday night.
But I would still see 1.3670 as the KEY support/resistance level. I would take up a position in 1.3650-70 level with higher SL at 1.3750 and targetting 1.3470 which would be the end-zone for double top.

Here's my reasoning for it: http://alternateforexiew.wordpress.com/2014/06/02/hsbc-flash-pmi-on-tues-ecbs-decision-on-thursday-nfp-on-friday-what-to-expect/

Cheers

I don't wonder why...I know why you don't see this...you aren't looking in the right places.

This is FORWARD tested, freeware that I released Shortly after Christmas:
HERE && HERE
This was released to folk who were willing to give a minimum $5 donation to a charity of their choice:
HERE

Latest versions, kick ass over the actual results and though there is additional risk in trend situations, we are managing this on an M1 chart through 28 pairs simultaneously being traded with a $1000-$1500 starting balance.
Applied to 3 Timeframes...

You don't think it can be done...

I know it can.

Economy from all lectures that exists has the lowest agreeement with people inside. 90% of economists are going to be on wrong side of thinking (especially macroeconomy), pretty much no other science has that high percentage. If you get that high in medicine you have thousands of killed on operation table in 1 day. And thats why so many "economists" get it very wrong when market crash happens eg. 2008.

Many people seem to be short with a SL in the 1.3750 area...which means that will be TP for my long.