EURUSD

Ya..... i look for nice dips on GA/EA now... On another note i think we see 20K+ JPN225 this month and possibly new highs on dow..... but big players looking for a seasonal sell this mo for a few months. I'd imagine JPN 225 doesn't come out untouched, but as you know, lots of tax free cash is going into the Nikkei, so should be a nice opportunity if it pulls back 10%+..

My 225 short just got kicked out still looking to short to protect the long not ready to close it yet

5M EU Support & Resistant

Re. the announcement later on of a rate cut (or not), is there a consensus on which will cause the more extreme move in AUD... down for cut, or up for no cut?

omg... you rascals.

Check this nice walkdown stop out thievery, very professional. Asian session is such a bs walk.

You are most welcome.

We saw 50p fart and all of a sudden parity parrots started shouting, awkward...

Gentle reminder:
http://www.forexfactory.com/showthre...29#post8185929

I'm not gonna repeat that...

You dont simply add up all the purchasing power parity together
Perhaps you go to school and you'll be able to learn proper distribution
You add them up like this
Country 1 PPP multiplied by country 1 weighting, then u add country 2 PPP multiply bycountry 2 weight, etc etc...
You will find out the actual eurozone PPP is actually lower than that of Germany's alone, which is understandable because of a few delinquent eurozone members in the mix...

Btw huge appreciation of you, finally showing your trade performance, regardless if its live or demo, atleast you're better than most of the other who talks the talk but doesnt show us the walk.

What a coincidence. I just changed the explorer account. This is a reset, starting all over again. The previous account was too big in dollar terms to manage.

Best of luck buddy... Need more peeps like you here
To much people talking here and not really showing any performances
Btw grow it slowly... Small balances are tough to grow...

Hey FX.. asian session is bs anyway man. It's alway full of fades.

great piece of bloomberg
Highlights the fact that US doesnt care bout strong dollar

"Its time for investors who bailed on the dollar in the past few weeks to get back in, says the most-accurate currencies forecaster.
The greenback has tumbled 4.4 percent versus the euro since touching a 12-year high last month amid speculation the Federal Reserve will delay raising interest rates, in part because the dollars strength is hurting U.S. economic growth. That concern is overblown, according to ING Groep NV, which topped Bloombergs rankings of foreign-exchange analysts for the second quarter in a row.
The market is now pricing in a very subdued pace of the tightening cycle -- we disagree, Petr Krpata, a foreign-exchange strategist at ING in London, said on April 1 by phone. We just see the latest correction as a perfect opportunity to get into the trade again.
Even with the recent reversal, the dollar has rallied between 3.3 percent and 29 percent against all of its major peers since mid-2014 as the Feds plans to raise interest rates attracted cash to the U.S., at the same time that central banks from Europe to Japan boosted their stimulus. That momentum halted when Fed officials cut their forecasts for rate increases last month and alluded to the currencys drag on exports.
Export Effect
ING sees the Fed raising rates this year even after an April 3 report showed the U.S. added the fewest jobs last month since December 2013. That makes buying the dollar versus the euro the best play in currency markets, according to the Amsterdam-based bank, among one of the first to say the currency pair will achieve parity this year for the first time in more than a decade.
The stronger dollar doesnt necessarily have to change the U.S. economic prospect, said Krpata, who helps compile INGs forecasts along with London-based head of currency strategy, Chris Turner.
Exports account for only 14 percent of the American economy, according to World Bank data. Thats the least among Group of 10 nations, and compares with 30 percent for Canada, 46 percent for Germany, and over 80 percent for the Netherlands and Belgium.
ING forecasts the dollar, which closed at $1.0922 per euro on April 6 in New York, to strengthen to parity by mid-year and reach 95 cents by Dec. 31. Thats more bullish than the median year-end estimate of $1.05 in a Bloomberg survey of 69 strategists and economists. It reached $1.0458 on March 16, strongest since January 2003.
ECB Stimulus
While monetary authorities worldwide have slashed borrowing costs this year to revive growth, an unprecedented bond-purchasing program by the European Central Bank, amplified by negative interest rates, has made the single currency a prime selling target for investors.
ING topped Bloombergs rankings of foreign-exchange analysts for the four quarters ended March 31, after also leading the previous period.
The best forecasters in Bloombergs rankings were identified by averaging individual scores on margin of error, timing and directional accuracy across 13 currency pairs during the past four quarters.
Banks had to be ranked in at least eight of the pairs to qualify for the overall placing, with 60 succeeding. INGs score of 60.98 compares with No. 2 Credit Suisse Group AGs 60.71.
Rally Done
Saxo Bank A/S took third place, with a score of 60.58, and was the best forecaster for the euro-dollar pair after being the most bullish on the greenback at the beginning of the year.
Now, Saxo strategists say the rally may be exhausted following nine straight months of gains.
Most of the move is done, John Hardy, head of foreign-exchange strategy at Saxo Bank in Hellerup, Denmark, said in a April 4 telephone interview. There could be some more in it, but increasingly its going to become a two-way trade.
Credit Suisse is in INGs camp and predicts the dollar will reach parity with the euro by the end of this year. The Zurich-based bank sees the Fed raising rates in June even as the job market cools.
You need to see a lot of more these negative signs before the whole story changes, Alvise Marino, an emerging-markets currency strategist at Credit Suisse in New York, said in a phone interview. The dollar will climb as the main trading partners of the U.S. are all easing.

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" Federal Reserve will delay raising interest rates, in part because the dollars strength is hurting U.S. economic growth."

I cannot grow it slowly, have very little time. Can have a paralysis attack anytime. Carry some "specialized tools" all the time in case it happens. I don't want to live life of a paralyzed person. Keep a candle handy.

wow, ur not reading the entire thing.....
you're only picking the one sentence that best suits your views...

As said upon. its "DATA DEPENDENT" in the coming months data comes out Positive in US,
fed hasnt delayed their own expectation to hike rates from June - September. but the rate hike is going to look at when the data is gona come out next...

besides, if you're gona quote the proper sentence...

Quote it better.
"amid speculation the Federal Reserve will delay raising interest rates, in part because the dollars strength is hurting U.S. economic growth. That concern is overblown, according to ING Groep NV, which topped Bloombergs rankings of foreign-exchange..."

then you read the reasoning after this bolded phrase. thank you.

Oh man.... I don't really know you or any of the other guys here but.... I'm sorry.

No, i am shorting now.
i am thinking to close it short term,coz in this very unsure situation.

yes, surely depends on data coming
i read from a few news saying that they probably will delay the hike rates due to recent data and markets act.

sorry if my quote mislead. i just indicate what my concern.

i wonder how much will affect the market if they postpone it.

Choice : No choice but to raise the interest rates
Options:
1. Show data not so good and bring it down before raising rates
2. In a collaborative effort, temporarily boost euro, raise rates bringing euro back to where it was before the interest rate hike
3. Find an innovative idea with as little collateral damage as possible.

Doesn't it surprises you why euro has still not shown a decent retrace? ............. Yes, for a reason. There will be a retrace.