EURUSD

What about the other half?

http://www.zerohedge.com/contributed...cy-versus-gold

Yes, you have a point.... Yuk

Bullish harmonic pattern on the weekly chart

I agree, they can't have this high interest for years, mortgages, car loans and other personal stuff will kill people, but hey as long as it lasts..............................

That didn't really answer the question

Must have been 1974, and that was a 2-1, and I was actually in Friesland (Fryslan) at that time.... coming out of the hotelbed in the middle of the night and asking my parents 'What's all that noise?'

Exactly ..

I guess you are right, it's a long time ago.

The only difference is, I was drinking rum-cola then, and vodka-orange now.

I'm gonna play video poker now

Since it is so awfully quit here!

Germany is one of the strongest team together with Brazil and Italy, Argentina follows.
Honestly I do not think Italy is going to win, to win a championship as the world cup, it is not important much how you will play, what normal delivers is having a team with big balls.....Tension and pressure is at its high, thick skin is necessary.....of course a great understanding of the game is also a must...and that is why only a few teams always wins it.....In 1982 Brazil had the best team of all time.....they did not win...

Regarding Fibonacci, it is interesting as a single negative comment can cause such a multitude of strong reaction......Why? I do not know.....It is a bit like saying something not convenient to a cult organisation..... Brained washed? A possibility..... I do not know.......

yes, they were both great teams, the Kaiser had the better over Johan Cruijff

Reality check:


http://blogs.wsj.com/moneybeat/2014/...h-up-the-euro/


Euro-zone yields were compressed even further by the European Central Bank’s monetary infusion on Thursday. But this move might not make the central bank’s president, Mario Draghi, particularly happy.

Not only does it point to further euro strength as foreign investors chase these assets, but it also suggests that rather than nudging the region’s banks to lending cheap central bank funding into the real economy, they’ll find a way to keep piling it into government debt.

The euro had weakened during the past month, amid wide expectations of significant policy measures. It peaked at $1.3995 in early May but then drifted back until yesterday’s meeting. When the measures were announced, the euro briefly dropped back, only to rally soon after, and the following morning was trading at its 200-day moving average of $1.3640.

Meanwhile, yields on euro-zone debt dropped back smartly. That’s because sovereign bonds extended a rally that’s been going on since the summer of 2012 when Mr. Draghi promised to do whatever it took to ensure the single currency’s survival.
Although yields on many euro-zone bonds are at historic lows, and an ever larger number of them are paying less than U.S. or U.K. equivalents, euro-zone inflation is also almost at rock bottom. For instance, the euro zone’s latest consumer price readingwas just 0.5%, against 2% for the U.S. and 1.6% for the U.K. Even Japanese inflation has jumped to where it’s running at 1.5% once you strip out the effects of recent tax rises (which made inflation higher still).

Not only do relatively high yields in inflation-adjusted terms continue to make euro-zone assets attractive to foreign investors, but there’s also the prospect of yet more demand for these instruments from euro-zone banks. Indeed, that appears to have been a major market mechanism during the past couple of years: foreign and domestic flows triggering yield compression and currency appreciation.

Although the ECB has introduced conditions on its new lending facility designed to pump money into the real economy, and particularly into businesses, rather than into potentially bubbly mortgages or into government debt, the region’s banks have been particularly keen buyers of their domestic government bonds. Not only has the ECB’s guarantee of the euro made these bonds safe again, but cheap finance gives them an attractive long-term spread for very little risk or effort.
What’s more, the lower sovereign debt yields won’t necessarily feed through into easier credit conditions in these economies. Banks continue to struggle with rebuilding their balance sheets, while governments are faced with a long program of restructuring.

Undoubtedly, the ECB’s measures will get lending flowing to the private sector in the region, if only at the margin. But if they also lift the euro, those good works will be undermined by an erosion of many of its member states’ competitive position.

Good point. Generally in day to day trading 99% it does not matter what goes in economy, but it can be very helpful to give you insight what might await currencies and financial sector over next few years, big liquidity crisis can have major impact on brokers and forex industry.

Might i ask what broker do you use to trade USDTRY, and what spread do you have. On hotforex spread is quite large 12 pips.

My target for EURUSD is south @1.3618

I think, that is good possibility to drop in Asia time to retest 1.3620 resistance, then in London up to 1.3670/80 and then we will see, what happens there

I have the same view...even a drop below 1.3620 possible...either in Asian or EU session...maybe just a few pips...and that might be the bottom for the week.