EURUSD

I was wrong stopped out

Pending SHORT AU 80425

Short again at PP? Ok good plan...if it has the power to go there, i doubt of it. it must break the 1377 and 1415 at first...

Always possible to go to a simple pivot point.... but I think we got a better shot at new lows.

got a pending short at 1.15 on EURUSD, we'll see if EURUSD has the juice to get back up there...
very much doubt it.

Out at 80316, Didnt get much out of that

2015 QE Summary
One immediate way that QE may aid the eurozone’s economic revival is by pushing the euro lower against other major currencies, or at least ensuring its depreciation since May isn’t reversed. That could help exporters and increase output, while it could also help raise inflation by making imported goods and services more expensive in euro terms.

1. ECB will by €60bn per month of assets from March 2015 to the end of September 2016, 1.2 Trillion in total.
2. Will keep buying till inflation raises below, but close to 2%.
3. No Greek debt will be bought.
4. ECB will buy bonds even if they have a negative yield.
5. What's bought? The purchases of securities issued by euro area governments and agencies will be based on the Euro system NCBs’ shares in the ECB’s capital key.
6. As for the economy, the risks surrounding the economic outlook for the euro area remain on the downside, but should have diminished after today’s monetary policy decisions and the continued fall in oil prices over recent weeks.

Source: Forexlive, Daily FX, WSJ

Additional Note for ECB Conferences on 1/22/15

1. Purchases to compliment previous programs
2. Changes TLTRO pricing to equal MRO rate
3. Removes 10bp spread on TLTRO for future
4. Council regains control over program features
5. Agency debt will be subject to loss sharing
6. Will coordinate purchases and will implement program decentrally
7. Agency debt will be 12% of additional purchases
8. Rest of purchases won’t be risk shared, ECB will hold 8% of additional asset purchases
9. ECB decision reflects adverse developments
10. Potential for second round effects have increased
11. Market based inflation expectation measures worsened
12. Economic slack still sizable
13. Money and credit to remain subdued
14. Action needed to achieve inflation target
15. Action will underpin inflation expectations
16. Measures will ease policy stance further
17. Sees increasing differences in policy cycles globally
18. Decisions should help push inflation higher
19. Oil prices have strengthened economic potential
20. Downside risks should have diminished now
21. Inflation seen very low and negative in coming months and is unavoidable
22. Sees inflation gradually rising later in 2015 & 2016
23. Council will monitor price risks closely
24. Will watch impact of FX developments on prices
25. Decisive action needed from other policy areas
26. Calls for decisive productivity and labor market reforms
27. Fiscal policies should support economic recovery
28. Lending to companies remains weak

Source: ForexLive

EU is currently below its 11-year low.

And maybe possible pushing towards its 2003 low at 1.0750

My guess.

USB and HSBC also updated its forecast to 1.1000 and 1.0900 today.

These are the levels.

Weekly level.

Not this week anymore, weekend is coming, there might be a gap next week, etc...monday will provide a better view.

please anybody have idea about gbp/usd.......... i put a buy trend yerstrday at 1.5120.... bt seems to be pair going down further...

since when is GBPUSD in an up trend??

i would ask you, what are the fundamentals of the GBP right now and what are the fundamentals of the USD right now??

since 1.570

Bro do yourself a favour, zoom out your chart to the weekly timeframe and then re-evaluate your trading decision.

More importantly I hope your not trading a live account now.

itz better to away from traiding tday.....

ill tell you the truth. you wont like it.
you have got to have an idea why GBP is falling against the USD.

here i can give you 2 reasons.

1. GBP is under pressure because of Inflation in UK being appalling bad, so bad that they recently discovered that they may have accidentally propped up inflation figures through mistake in the calculation of their inflation... now if inflation is bad, the only way for them to get inflation back up is to print, and when you print money value of GBP falls.

2. USD is in strength, solely because the US economy is experience fund inflows from all around the world, in anticipation that US Fed benchmark rates will beging to hike, fast money is flowing to US because people like to park their money at a currency relatively strong like the USD. that happens to also pay you better interests....

learn how to read the fundamental trend instead of your charts. and i dont know why you mentioned 1.57, 1.57 is a consolidation zone.... never an area to rebound....

thanks....and i want to learn more about fundementl ternd,technicle analys...any link ??????plese be kindly

gbpusd 4 hr levels.

thanks......

Looking for a retest of EU lows, possibly new lows in coming hours..... Let's see...