EURUSD

I have been saying for months that there will be no rate hike in june or this year. We have seen an decling unemployment rate from 10 to 5.5 percent since the financial crisis. How is it then that the total labour force in the US has not increased? It was 63 percent in 2007 under the financial crisis it went down to 57 and today it is 58 percent. The numbers are manipulated and do not show the whole picture. Many unemployment workers due to long time unemployment are out if the statics.The Obama health reform created many working places but I think this is finished now. We have the housing market that have started to decline and which did create many working places. The skifer oil industry have problems with an decling oil price. They mix part time and full time. There are more part time workers in the US. with bad figures they blame the weather. The USD is getting too strong for competivmess and must come down. I have also been saying for a long time the Europe will improve due to the low currency in the eurosone. Greek will not leave the eurosone eighter.Europe is improving and US is worsening and we will se QE 4 in the US. Due to fudamental reasons the euro is ready to turn. Due to QE it will not yet and Europe still need more time to improve.
fxtyrant said it is positive with the wage growth yesterday which i find suprisingly that the wages are rising.


Although this is happening I still think the USD will rise for some time due to the QE. We see no signs of a rising oil price eighter. I think we can see the USD rise due to safe heaven also before it will go down again. The market is ready I think for an stock crash and USD will rise.I look like fxtyrant to 1.05 at least. Yesterdays volume were also think due to the easter

OMFG!!!!




This is truly SHOCKING!!!!




If you are a sensible person please look away NOW!!!




Surfing on the internet I found this picture of MD getting shaggy with one of Chicky's wifes

All thing going wrong in the US at the moment. The USD is too strong for competivness. The free money has left US for Europe and Asia.The housing market is declining, oilprices is declining. The jobs created by Obamacare are finished. US is no rock for the world. It is false. The only thing that can save US is a stronger and improving Europe. This is why I think US are also supporting a weaker euro. If the euro starts to rise too early the job with weakening is just waste. The job report yday was negative as expected . The rise of the wages was very positive and suprisingly in my opinium from yesterdays figures. Many have asked questions abouth all new jobs and still no wage increase.I do not think this will continiue

ok lets have a look at the chart ?

Very good charts and analysis whole week. Congratulations sir!
Meanwhile you are pissing off all the trolls and scammers of this thread. Careful now
Some of these trolls have power to suspend you for no reason or only because you are embarrassing them. Would you ever consider the idea of setting up a new thread to educate technically inexperienced traders, for a few months maybe so that some of us can learn sth.

lol, thats not my intention honestly , yea its on my to do list thanks

i see most members here are in favor of buying and reasons are pretty obvious but why the hell eu fallen a 100 pips according to xe dot com?

Lol 1.0895? That is pre NFP level.

Could be high demand for easter holiday in US. Nothing is sure yet til tuesday.

If the pair is to go up in coming weeks, big boyz need to pull the rate down before high liquidity returns so they can get a chance to jump on the train. I wouldn't be surprised to see a subdued start next week.

I'm looking mid week myself ,

WedApr 82:30pmUSDFOMC Member Dudley Speaks
7:00pmUSDFOMC Meeting Minutes

ThuApr 91:30pmUSDUnemployment Claims281K268K

Some random (first-hand) ramblings on xe.com...

Their bread and butter comes from XE Trade...which is a HARD foreign exchange company; meaning if you need to physically (or digitally) transfer money from one currency to another (often meaning one location/country to another)...they will do it...and VERY well/efficiently. There is NO leverage at play...it is 1:1

xe.com is based off of their (XE Trade's) rates at any given moment. On weekends, their spreads widen considerably...understandably...much the way Oanda (fx Broker w/ leverage) used to do. Obviously, there really isn't any large individuals, or corporations that are going to be physically moving funds on the weekend...it just gets done through the work week (more often than not)...so their spreads widen...reflected on xe.com.

I've been a client of XE Trade since 2003. I regularly need to transfer money (either personal, or business) between Ireland, England, Germany, Canada and the US. The exchange rates they offer put any of my normal (gouging) banks to shame. As a rule of thumb, if I'm shifting more than 2k(ish)...I go through them. Pips == Money...and I want as much of my own money as possible to remain on the other side of a conversion. Quick example...

If I send money to Canada from my Irish bank account with my normal bank: My Irish bank will first of all offer me a horrible exchange rate (witnessed by the inflated spread on display in your local bank). They will also charge me some sort of Wire Fee (EUR 15ish). My Canadian bank will also charge me a Wire Receiving Fee (CAD 15-25ish). Gouge, gouge, gouge. XE does away with all that. Zero Wire fees...electronically transferred...and a FAR better exchange rate.

When its small time personal money, it may not be a big deal. If its for business, and you're transferring 100-250k+ to a supplier, the difference can be HUGE! My first introduction to Forex came through XE. I did my first "major" deal through a US supplier from Ireland (100k-ish). I went to my bank, transferred what was required, but at the end, the math didn't make sense. I didn't come out with what I had expected. The bank(s) had skimmed substantially. I needed to get wise.

Went on the hunt...and found XE Trade. I saved considerably from that point on. Massive corporations will always get a sweet exchange rate if they're transferring millions. To someone in the six figure range, XE fills a much appreciated void. They're tied in with Customs House...who deal with "big boys." They're nearly a retail entrance to a big-boy club...XE that is. Works for me.

Although there's NO leverage in play...they DO offer some pretty cool features. I'll use some Tyranical figures here for example...based on a situation that often arises for me...

Say I bid on a job in Ireland (Euros) today that is going to involve 250k (USD) worth of equipment from a US supplier. The equipment isn't required on site for 7 months time. Today's exchange rate is 1.0870. I can either pay for it today at that rate...OR...if I have a feeling that price is going to go up to 1.1250 (two weeks ago...cough...or last week...cough, cough. I kid, I kid) sometime soon, I can place a Pending Order with FX Trade: I want to buy 250k USD when E/U hits 1.1250. If it hits within my purchase...and shipping...timeframe...I win...few extra percent in the bag! If price never hits my 1.1250...and drops to 1.0650 when I have to pull the trigger for delivery...I lose!

Anyway...cool company. Have saved me a small fortune over the years. Also led me to finding out about LEVERAGED foreign exchange...aka...the bastard Forex. Their weekend rates on xe.com will often drift around (spread-induced), but come back into line as Monday morning, New Zealand open, approaches. If BIG moves are occurring...you can often see them there, though. I haven't had a good look...not sure if there is one right now.

Anyway...more finger exercise than I meant to have right now...but that's my knowledge of them. Other than being a continually satisfied customer for the past 12ish years...I have absolutely NO affiliation with them. Just wish I knew of more companies these days that make me speak positives after a decade plus of doing business. I have a few others...but not many.

on the face of it you may say looks tricky ,but to me bears have upper hand ,that bullish candle has no confirmation ,and tl was respected
blue hammer goes ,becomes continuation ,

Back again. Think its best to wait for open and see what happens...

you can read Kens good post

Jaysus Bones...which bullish candle? Surely the next candle bitch-slapped the blue hammer, no? Less wick out the bottom than the blue had out the top. With your TL and horizontal on there...I see nothing bullish about that setup at all.

I made some nice pips on Friday off of AU...but just through being a chancer and having a luckily hit TP near the top.

this chart is bullish higher than 61.80 retrace

I'll take the lucky TP, but would have LOVED that bottom PO to have filled, too...hung up in the spread...




Would've more than doubled me bank. But...not bad for screenless action.

LOVE that pair!

Time it right, and its the gift that just keeps on giving! Haven't pulled the trigger yet, since my toe-dipping return. Coming soon, though.