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  • #994,281
  • May 28, 2015 6:28pm May 28, 2015 6:28pm
EUR/USD now looks at 1.05/1.06 – Westpac
Thu, May 28 2015, 12:14 GMT | FXStreet
http://www.fxstreet.com/news/forex-n...2-ab7489df8dcb
  • #994,282
  • May 28, 2015 6:41pm May 28, 2015 6:41pm
May 29 2015 at 7:53 AM

  1. Updated 1 hr ago

Grexit now 'possible', warns IMF's Lagarde
http://www.afr.com/news/world/europe...0150528-ghc593


Greece euro exit 'a possibility': IMF's chief Christine Lagarde


Christine Lagarde's strong stance reveals weakness of Greek position
http://www.theguardian.com/world/201...greek-position

  • #994,283
  • May 28, 2015 6:51pm May 28, 2015 6:51pm
I think we are going up for a while longer from here. If every bank and analyst wants to make you believe that this thing will fall like crazy, it usually does exactly the opposite - also initiated by the sources that tell you it will go down, so that they can get your money!
  • #994,284
  • May 28, 2015 6:57pm May 28, 2015 6:57pm
EURUSD is expected to fall sharply today after IMF's Lagarde' speech.
  • #994,285
  • May 28, 2015 7:00pm May 28, 2015 7:00pm
I'll toss in 2 cents and say from my observation point to many people here have way to much attachment to what the Euro will do.. not good for health or bizness this aint a marriage commitment.
There are those who know, and there are those who don't know.
  • #994,286
  • May 28, 2015 7:21pm May 28, 2015 7:21pm
Quoting johnsmart
EURUSD is expected to fall sharply today after IMF's Lagarde' speech.
If the speech was that bearish, the market would have fallen already.
  • #994,287
  • May 28, 2015 7:29pm May 28, 2015 7:29pm
Quoting palabara
I'll toss in 2 cents and say from my observation point to many people here have way to much attachment to what the Euro will do.. not good for health or bizness this aint a marriage commitment.
A few weeks ago, in the middle of a strong EUR/USD drop, someone on here (who was obviously long the pair) wrote something really hilarious, like this:

"Oh my Euro! My poor Euro!!! "
  • #994,288
  • May 28, 2015 7:31pm May 28, 2015 7:31pm
Quoting srt
{quote} If the speech was that bearish, the market would have fallen already.
Excactly. Since everyone already knows what the speech will be, it would haven fallen already as traders are not waiting for him to speak if they´d already know before hand like you seem to do.
  • #994,289
  • May 28, 2015 7:36pm May 28, 2015 7:36pm
Quoting Dano12
{quote} yep set expectations low USD Prelim GDP q/q -0.8% 0.2% hmm Fed's Bullard: Says 1Q GDP may get revised downward as negative, says growth bounceback won't be as big as last year.
odds are revision is up.. if not tomorrow then so be it. q2 has a 30 year pattern of revising 1 up/ this could be pump and dump like often happens before a big news day
those who can, do. those who cant, talk about those who can
  • #994,290
  • May 28, 2015 7:43pm May 28, 2015 7:43pm
Quoting geektrader
{quote} Excactly. Since everyone already knows what the speech will be, it would haven fallen already as traders are not waiting for him to speak if theyd already know before hand like you seem to do.
Not sure of your meaning here but I wasn't saying the drop would have happened before the speech. I'm saying the drop would have happened right after the speech & not several hours later. The "market movers" don't need to wait hours before deciding a speech is bearish/bullish.
  • #994,291
  • Edited 7:56pm May 28, 2015 7:43pm | Edited 7:56pm
I keep hearing how Grexit will make the EUR tumble. This statement has no basis because the market always prices in the worst outcome for uncertain events. If anything, EUR will probably spike on Grexit - to borrow a stock market phrase, buy the rumor sell the news. Further, this even could be construed something similar to that of amputating the gangrene to keep the body alive. The bad apple goes and the rest will survive (at least temporarily). Imo, EUR tumbling on Grexit is less probable than it doing the same if Greece were to get another tenuous lifeline.
The price will go where it has to go.
  • #994,292
  • May 28, 2015 7:45pm May 28, 2015 7:45pm
Imagine EU rally to 1.12 before month's end, ruining may people's weekend ... lol Expect the unexpected.
  • #994,293
  • May 28, 2015 8:03pm May 28, 2015 8:03pm
SF FED: The economy's in way better shape than the government says

A chart in the paper suggested first-quarter growth may have been closer to 1.8 percent. That's still below the economy's potential but not dramatically so.
http://www.businessinsider.com/r-us-...s-2015-5?IR=T&
  • #994,294
  • May 28, 2015 8:05pm May 28, 2015 8:05pm
Quoting cenetti
Imagine EU rally to 1.12 before month's end, ruining may people's weekend ... lol Expect the unexpected.
i am bearish for 0786 min.. close -0775 and it has a better chance of staying bearish.. bulls have a valid 158x and 126x path.. if it went to 126x i would be looking to short.. i will even consider a long after 0786 if 0775/8x looks supportive..
those who can, do. those who cant, talk about those who can
  • #994,295
  • May 28, 2015 8:13pm May 28, 2015 8:13pm
Quoting gatorinla
{quote} i am bearish for 0786 min.. close -0775 and it has a better chance of staying bearish.. bulls have a valid 158x and 126x path.. if it went to 126x i would be looking to short.. i will even consider a long after 0786 if 0775/8x looks supportive..
Yeah. 155x is about 200pips away. That'd create a lot of pain right before the weekend. I am just speculating though, I don't have a horse in the game. But I know one thing 'pain' is the name of the game....
  • #994,296
  • May 28, 2015 8:27pm May 28, 2015 8:27pm
Quoting Ratmach
{quote} A few weeks ago, in the middle of a strong EUR/USD drop, someone on here (who was obviously long the pair) wrote something really hilarious, like this: "Oh my Euro! My poor Euro!!! "
going to write a book its going to be called "Forex the one night stand" lol
There are those who know, and there are those who don't know.
  • #994,297
  • May 28, 2015 8:38pm May 28, 2015 8:38pm
Quoting cenetti
Imagine EU rally to 1.12 before month's end, ruining may people's weekend ... lol Expect the unexpected.
only happen if 2 things happen at the same time.
1.1 is now the strong resistance.
for 1.1 to break cleanly.
need 2 things to happen.
greek deal happened.
and bad us data. like really bad one.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #994,298
  • May 28, 2015 8:38pm May 28, 2015 8:38pm
Still holding my short, Stops at 1.105 area, if i'm wrong then this level will get broken. Still sitting on a nice profit if that happens

Best of luck to everyone for tonight
  • #994,299
  • May 28, 2015 8:38pm May 28, 2015 8:38pm
stops hit 440 +
Attached Image
those who can, do. those who cant, talk about those who can
  • #994,300
  • Edited 8:52pm May 28, 2015 8:42pm | Edited 8:52pm
Quoting ill_be_back
{quote} Yes will see where EU at if & when UJ makes a new LOW
So it seems
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