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EURUSD

  • #952,601
  • Jan 21, 2015 11:33am Jan 21, 2015 11:33am
Quoting goldfinch
Bought 1.1570
what are you targeting?
  • #952,602
  • Jan 21, 2015 11:45am Jan 21, 2015 11:45am
Quoting lancedes
Surely EA and ENZD are the pairs to short - today or tomorrow - given their volatility and the positive carry? And given their nice rally just recently. What do you guys think?
Am just watchin USD NZD and crying I didnt take it. Isnt NZD bearish generally? Think if I want to expose myself to NZD would choose USD.
Poor guys geting heavy hits from Australia geting hits from Oil slump.
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"I know one thing, that I know nothing." Sokrates
  • #952,603
  • Jan 21, 2015 11:46am Jan 21, 2015 11:46am
Quoting Hickson
{quote} What is your target on this wild thing? Breaking 1.40?
TP Open
A good trader follows his rules, but great trader knows when to break them
  • #952,604
  • Jan 21, 2015 11:49am Jan 21, 2015 11:49am
Quoting Paulenok
{quote} it seems fishy nevertheless, what we've learned so far from previous events not so while ago that you can't take everything for granted coming from central bank's yard
Lol, seems classics, not fishy. It is always the same. Rumours and rumours. Best released while in mid of consolidation, or while trying to break resist. The more greed, the more rumours, and ECB creates a lot of greed now. Ofc also politicians love to speak when their opponent politicians from next country are on vacations,.. nothing unusuall.

Edit: Actually now would be about good time for counterrumour
"I know one thing, that I know nothing." Sokrates
  • #952,605
  • Jan 21, 2015 11:53am Jan 21, 2015 11:53am
Quoting fxtyrant
{quote} Dont be confused by what other people say. Just ask yourself, what does QE do to a currency, what happens to the value of money when you increase the supply of it?? Once you know the answer, the rest is just noise.
That was god answer , cheers.
  • #952,606
  • Jan 21, 2015 12:19pm Jan 21, 2015 12:19pm
Another slow day for the EUR/USD pair. I am sure that after tomorrow's ECB rate decision and Mario Draghi's press-conference the market would be anything but slow. And then there're the Greek elections on Sunday. This is like the calm before the storm.
  • #952,607
  • Jan 21, 2015 12:25pm Jan 21, 2015 12:25pm
Quoting victoriajen
Another slow day for the EUR/USD pair. I am sure that after tomorrow's ECB rate decision and Mario Draghi's press-conference the market would be anything but slow. And then there're the Greek elections on Sunday. This is like the calm before the storm.
slow day? you didn't see the spikes?
  • #952,608
  • Jan 21, 2015 12:25pm Jan 21, 2015 12:25pm
Quoting grin
What did cause GU / EU volatility for an hour after 14:30 GMT / 9:30am EST? No news event is posted for this time. Sorry for question from a bunker
QE leaked….
  • #952,609
  • Jan 21, 2015 12:43pm Jan 21, 2015 12:43pm
Something seems a bit off here; I'm not quite sure what, but it doesn't feel right.

Things we should be asking ourselves:

- Why hasn't the EURUSD dropped? We didn't even break yesterday's lows.

- What might be happening that we haven't considered?

- Is QE priced in already?

The answer to the second one is what "form" QE will take. FXLive just had an interesting post about Germany:

http://www.forexlive.com/blog/2015/0...major-concern/

If markets don't view the structure of QE as favorable, it may not result in a drop in EURUSD... at least not immediately.

What about the fact that QE could already be priced in, again... at least for the time being. The fall in EURUSD has been extreme, and a correction would only be healthy to the overall trend. Revisiting a level like 1.2058 is not out of the question and really only the 23.6% fib level from the most recent drop on the daily.

Just some food for thought and hopefully intelligent replies/conversation.
check out my blog: forexmademillionaire dot com
  • #952,610
  • Jan 21, 2015 12:55pm Jan 21, 2015 12:55pm
Just imagine all those huge short positions, counting on serious QE to make big profits. And then ECB announces the QE will only be 500 billion... that's not the 'big blow' the big guys have been waiting for and they will try to cover their positions quickly, causing a rally. (just some theory I read, I think it makes sense)
  • #952,611
  • Jan 21, 2015 1:08pm Jan 21, 2015 1:08pm
Quoting ExForX
Just imagine all those huge short positions, counting on serious QE to make big profits. And then ECB announces the QE will only be 500 billion... that's not the 'big blow' the big guys have been waiting for and they will try to cover their positions quickly, causing a rally. (just some theory I read, I think it makes sense)
What is the big number they are waiting for?
  • #952,612
  • Jan 21, 2015 1:09pm Jan 21, 2015 1:09pm
Quoting Hickson
{quote} What is your target on this wild thing? Breaking 1.40?
OUT of this with a few, Now Only have my GJ SHORT

Quoting ill_be_back
Should Bounce Back DOWN from 178.167, If Not then 178.496 Have a pending SHORT at 178.496
A good trader follows his rules, but great trader knows when to break them
  • #952,613
  • Jan 21, 2015 1:11pm Jan 21, 2015 1:11pm
Quoting Mr Hatch
{quote} What is the big number they are waiting for?
> 1 trillion. Also read about 2,2 trillion. But it's all speculation of course until tomorrow. Who knows what kind of surprises will appear last minute to screw things up.
  • #952,614
  • Jan 21, 2015 1:12pm Jan 21, 2015 1:12pm
Quoting evrynet
{quote} QE leaked….

Which is a very controlled way of avoiding the SNB debacle. Now we all know the line in the sand, it is 600Bn a year starting in March, not as large as I would have liked, this only covers 15-20% of issuance of 10yr paper.

We still need to know what happens to the overnight rate, that is creating a deflation loop alongside of QE that will need to be broken. As you can see today you can tell exactly where that 600Bn is going to go next year and what market is going to benefit.

The immediate reaction gave the ECB a clear line of what is going to happen. They should be pleased, the market responded and held a daily line in the sand to the pip, it also extended to a level that made sense.

QE is too late, by about 4 years just don't tell the South that. I would have preferred 800Bn, that is a quarter of the issue and would have made a bit more sense, guess the Bundesbank went across town and told the board to limit the easing or else they would be going back to court.
A contrarian; I always disagree.
  • #952,615
  • Jan 21, 2015 1:17pm Jan 21, 2015 1:17pm
what QE stands for?
  • #952,616
  • Jan 21, 2015 1:17pm Jan 21, 2015 1:17pm
Quoting ExForX
{quote} > 1 trillion. Also read about 2,2 trillion. But it's all speculation of course until tomorrow. Who knows what kind of surprises will appear last minute to screw things up.
Alright, thanks.

If they don't get it tomorrow, they'll collect it later, no worries.
  • #952,617
  • Jan 21, 2015 1:18pm Jan 21, 2015 1:18pm
Quoting fxjorr
what QE stands for?

Seriously?
A contrarian; I always disagree.
  • #952,618
  • Jan 21, 2015 1:18pm Jan 21, 2015 1:18pm
Since 1564 was broken, don't long this anymore, not safe to trade now, unless you use a big SL and small leverage.
Everyone can see the chart, but only a few can actually read it.
  • #952,619
  • Jan 21, 2015 1:21pm Jan 21, 2015 1:21pm
Quoting OnlineAddict
Since 1564 was broken, don't long this anymore, not safe to trade now, unless you use a big SL and small leverage.
1564 has little relevance but even if it did, it wasn't broken, only tested. Semantics, but they are what matters. You got to be a pedant to be a trader, close is never good enough.
A contrarian; I always disagree.
  • #952,620
  • Jan 21, 2015 1:24pm Jan 21, 2015 1:24pm
Quoting goldfinch
{quote} Seriously?
i am noob
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