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EURUSD

  • #949,901
  • Jan 14, 2015 2:07am Jan 14, 2015 2:07am
EURUSD fell on yesterday session reaching a new low at 1.1752 but has ultimately failed there again and has since rallied back toward 1.18 handle. This comes after the pair found strong selling at its 10-day moving yesterday. Looking at a technically sound downtrend, though momentum has slowed and this is evident in the form of the mostly sideways channel we have seen since January 7th. This is the most consolidation we have seen since the rally toward 1.26 in mid-December, increasing the odds that we could see a more substantial bullish correction here toward 1.20 or, at least, more sideways consolidation.
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  • #949,902
  • Jan 14, 2015 2:09am Jan 14, 2015 2:09am
''While investors continue to bet that we will get some form of action from the ECB next week, there still remains the small matter of this morning’s preliminary assessment by the European Court of Justice (ECJ) of the legality of the controversial and untested OMT program.
The court will give a non-binding opinion at 08:30GMT on whether it agrees with the German Constitutional Court’s ruling that the ECB acted beyond its powers, though a final opinion won’t come for at least another six months or so.
With German policymakers expressing significant doubts even now about the legality or necessity of any form of monetary easing, the ECJ must tread a fine line between issuing an opinion, and some guidelines as to what is legal and what isn’t while not overstepping into sovereign constitutional over-reach with respect to that opinion''

http://www.theguardian.com/business/...-business-live
  • #949,903
  • Jan 14, 2015 2:10am Jan 14, 2015 2:10am
I see 1968 this week.
  • #949,904
  • Jan 14, 2015 2:12am Jan 14, 2015 2:12am
what happened just now ? news or big boys ?
  • #949,905
  • Jan 14, 2015 2:14am Jan 14, 2015 2:14am

  1. Draghi says ECB unanimous in determination to meet mandate.
  2. Ckeck mainpage

  • #949,906
  • Jan 14, 2015 2:17am Jan 14, 2015 2:17am
Die Zeit Reporting Comments From ECB’s Draghi; Says Ready To Buy Govt Bonds
ECB’s Draghi: All Members Of Gov. Council Determined To Meet Mandate - Die Zeit
ECB’s Draghi: Need Expansive MonPol To Achieve Price Stability - Die Zeit
ECB’s Draghi: Options To Fight Deflation Are Limited - Die Zeit
  • #949,907
  • Jan 14, 2015 2:20am Jan 14, 2015 2:20am
usd falling alot....
  • #949,908
  • Jan 14, 2015 2:21am Jan 14, 2015 2:21am
IF this up move is serious, than it won't test the lows much for a while....
f(z)=z2+c
  • #949,909
  • Jan 14, 2015 2:25am Jan 14, 2015 2:25am
So a bit off topic.


If EUR/JPY is sitting around 138.000, and the EUR/USD sitting around 1.18, shouldn't we see either a jump in the USD/JPY or a large drop in the EUR/JPY to even out the USD/JPY to EUR/JPY ratio?

Just a thought I had.
  • #949,910
  • Jan 14, 2015 2:28am Jan 14, 2015 2:28am
Quoting hathor
IF this up move is serious, than it won't test the lows much for a while....
Lets wait for more news...could be a trap, 1810 holding well so far, only the end of the day will tell. But you are right...if today ends up bullish, then longs should be safe until 2000-2100. But if the bottom of 1752 breaks...then 1690 seems inevitable...even 1590.
Everyone can see the chart, but only a few can actually read it.
  • #949,911
  • Jan 14, 2015 2:29am Jan 14, 2015 2:29am
Quoting thelostpip
So a bit off topic. If EUR/JPY is sitting around 138.000, and the EUR/USD sitting around 1.18, shouldn't we see either a jump in the USD/JPY or a large drop in the EUR/JPY to even out the USD/JPY to EUR/JPY ratio? Just a thought I had.
The value of E/J = E/u * U/J so the value is correct. A jump/drop in U/J will move also the value of E/J(assuming E/U remains constant)
  • #949,912
  • Jan 14, 2015 2:32am Jan 14, 2015 2:32am
it should downtrend on eur usd soon or later
  • #949,913
  • Jan 14, 2015 2:33am Jan 14, 2015 2:33am
Quoting vanray1989
it should downtrend on eur usd soon or later
Well, "sooner or later" is margin call trading...the question is when, not if ever.
Everyone can see the chart, but only a few can actually read it.
  • #949,914
  • Jan 14, 2015 2:36am Jan 14, 2015 2:36am
Quoting viorel_br
{quote} The value of E/J = E/u * U/J so the value is correct. A jump/drop in U/J will move also the value of E/J(assuming E/U remains constant)

The difference between USD/JPY and EUR/JPY is .21

The Difference between EURO and USD is .18

That's a 300 pip gap between where the two pairs are trading against the Yen

Would I be mistaken to think that that gap should close at some point?
  • #949,915
  • Jan 14, 2015 2:37am Jan 14, 2015 2:37am
GJ
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  • #949,916
  • Jan 14, 2015 2:37am Jan 14, 2015 2:37am
Quoting thelostpip
Would I be mistaken to think that that gap should close at some point?
Don't trade gaps...other than retail, nobody cares about them.
Everyone can see the chart, but only a few can actually read it.
  • #949,917
  • Jan 14, 2015 2:39am Jan 14, 2015 2:39am
EU may move after tokyo closing.
  • #949,918
  • Jan 14, 2015 2:41am Jan 14, 2015 2:41am
Quoting thelostpip
{quote} The difference between USD/JPY and EUR/JPY is .21 The Difference between EURO and USD is .18 That's a 300 pip gap between where the two pairs are trading against the Yen Would I be mistaken to think that that gap should close at some point?
I think you are wrong in the way you calculate the value of E/J.
You should multiply the values not subtract them.
  • #949,919
  • Jan 14, 2015 2:42am Jan 14, 2015 2:42am
re Edit,,, may be i mistaken... dont trade better... market still confuse
  • #949,920
  • Jan 14, 2015 2:45am Jan 14, 2015 2:45am
Quoting OnlineAddict
{quote} Don't trade gaps...other than retail, nobody cares about them.

Its not a gap in the chart, its the actual value eur/usd is not trading at an equal value that they are both separately trading against the yen. either way, doesn't matter...I shorted EUR/JPY and its working.
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