EURUSD

If we spike after FOMC, then its definitely possible during tomorrow's session. Only Draghi can save the shorts 30 minutes after FOMC, but I have a feeling that his speech will be changed to low impact after and nothing will happen.

100 pips ... calling that small pike?
are you on crack Vachus?

The best is to have your setup. Follow it. Manage it. And try to reduce risk as possible. Sometimes I use sl or just playing small multiple positions and sometimes cut losses. I start to be quite bearish on EUR/USD, I know its a hard stuff lately (mean several months). If it plays out Im happy, if not I can take long or see for other instruments meanwhile. Now I'm quite convinced and will try to keep some shorts definitely for the summer to materialize in profit for the autumn (if possible of course)!

No, irrelevant to the FOMC and Draghi's - i'm just wondering if there could be these stop losses hunting spikes ...

On Draghi's taking down the Euro, i can't help but notice how the Euro bears are trusting the guy so much?! I mean, we had a guy here - a Dollar fan- i think he was touching himself in public, when the drop happened on his May's comment. Wasn't Draghi the one who slaughtered all the Euro short positioning back late 2012 and mid 2013 ..

Life is a big circus indeed, or maybe this corner

It's possible bro but it's not a small spike I believe we see 1.39 this week.

The only thing we will get from FOMC today is the summary from june meeting. The market was unsure of the direction after last meeting and hope for more clearer signals in this summary about coming rate hike.

Among abouth 70 analys companies the average is 1,,33 on the USD according to my bank

Oh oh way too far, we can't even make it out of $1.37 ...

It should be fun to watch, ..

added a long position at 1.36225 s/l at 1.36040 tp at 1.36450 on ride up to my short.

FOMC meeting in few minutes i hope all is ready coz this will make a huge changes on the dollar

It is not a meeting but a summary of june meeting

don't expect much from today meeting... I guess...

PPL seem to get a little hectic now.

I thought everybody got some pips up to this moment and could lean back and enjoy the show

I don't think the FOMC will be streaming live but does anyone know if Draghi is going to be streamed on the ECB Webcast?

if you are interested, there is a ~1% chance that in the next day the EURUSD is above 1.3720, its les than 0.5 for >1.374

Find this one for you Magicmen from forexlive.com

If you’re looking for some forex options information
4 minutes ago | July 9th, 2014 17:19:50 GMT by Adam Button | 1 Comment
We often write about FX options expiries here but trading in FX options is booming and lots of traders want to know more.
My friend Sascha at FXDD’s options desk writes about FX options and notes that USD/JPY traders are long vol into today’s FOMC minutes, especially low delta options. He also expects to see more selling in long-dated options with the market stuck in low-volatility mode.
Here’s what he sent me:
Summary
It’s been tough to build any short vol positions for the summer at these levels. Realized have rebounded recently, but most decent trade ideas are found in the very back-end of the curves.The steepness in the front-end should be ignored as it’s mainly just a function of the supply/demand schedule. There is no point selling mid dates though calendar spreads. Low delta, long dated, low theta directional positions seem to be keeping trading lines active.
EUR Zone- Realized and implied in EURUSD are poor. 1w 4.20 1m 4.50, 1y 6.00. FOMC tonight is key for direction and a break below 1.3575 could see downside momentum pick up.
Decent demand was seen overnight at 1.3600-90 following weak German export data which helped push the single currency towards the post-NFP highs at 1.3620. EUR puts are thus in demand, particularly in EURGBP. GBP curves have a slight bid tone compared to other pairs in the EUR block with mid-dated BoE dates being the focus of the 1st rate increase.
JPY: Vols offered but the FOMC minutes are keeping vols propped up. USDJPY continued to trade well-offered overnight along with poor performance in stocks and lower yields (Nikkei declined 0.4% while S&P futures were flat. The 10y US yield edged up slightly to 2.57%) 101.85 is the resistance followed by 102.00. Support at 101.35.
O/n relatively bid into the FOMC mins later today. Topside low delta options are bid while the downside equivalent has calmed down with spot higher during London. Back-end vols continue to be going one way: given. Curves remains steep, and more softening in the back dates is expected.
If you want to know more about FX options or what’s happening in the market now contact Sascha at [email protected]
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Categories: All, Americas, Forex Option Expiration, Regions | Tags: forex options, FX options, FX options information | Permalink
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Author: Adam Button
Adam Button is the editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes deeply in the value of knowing every tidbit of news. He has a background in journalism and was formerly the head of the markets team at the Canadian Economic Press. He is a graduate of Ryerson University and completed Level 1 of the CFA program. Adam lives in Montreal, follow him on Twitter: @FX_Button.

Hey are these people deaf and blind???

Its not meeting, only draft from last minutes!!!!!!!!!!!!!!
Draghi is not speaking for ECB, he speaks on a forum!!!

WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!

i think EURUSD has retraced as far as it can go under channel line resistance and done it's job in filling the gap, there's nothing much FOMC can do except pushing it down. Waiting to see if this wave down is the 3rd or the 5th wave. Any idea anyone?

Okay great can you tell me where I can see the video of him talking? Curious to see what color suit and tie he is wearing today.

Thanks buddy, your doing a great job by the way, keep it up.

Good day,

Of the opinion we are in retrace mode on the daily as part of the longer term downtrend currently observed. Will trade is as such.

All the best