EURUSD

But Euro is used as funding currency not for such a long period of time as JPY or USD. So, when the positions funded in Euro are closed, it's time for USD, isn't it?

Correct and ........

EUR is just recently from QE .........

maks...i dont know anything about that. maybe the fundamental traders can help....im strictly TA...i makes me a happier person

ECB Getting Aggressive on Buying Asset-Backed Debt http://www.bloomberg.com/news/articl...le-buying-debt

My understanding is that when the Euro is used as a funding currency, you borrow Euros, and buy some other asset, meaning you are short Euros. Also I've read that hedge funds that are long the Dax would short the Euro
as a hedge. When that unwinds it creates a demand for Euros (you sell the Dax and return
the borrowed Euros or close your short). What Gator pointed out before is that the guys
who got in late in the game based on the ECB cuts are in a weaker position. They can't withstand
nearly as big a fall as the ones who got into the US stock market back in 2009. So they have
to close their positions before those guys who borrowed dollars when the Fed cut rates and bought the US market will have to. Which could be an explanation for why, in 2008, when it was 'risk off' we saw people buying dollars, and right now we are seeing the opposite.

Edit: If you look at the monthly chart of the DAX that's also a good explanation for the monthly
engulfing bar on the EURUSD last April.

today is a good day. I found a parrot.

So whats the trend now..

It depends on your timeframe

I would very much like to buy this hummer 1.1445 or ideally 1.1402 for 1.1626 visit to short.

thanks MissP...makes sense

My First Target achieved!!!!

You're welcome. I've been breaking my head trying to figure out why anybody would want to be buying Euros now, and
its the only explanation I can see that does explain it.

My target to close shorts: 1,1421/1,1412

I think If we can break back above the 1.15 level, this market continues to go higher and the uptrend continues. So I'm going buying above 1.15 with a target 1.1625.

if we are at the bottom of the DAX, and the SP500 is a version for bear Hardcore full Hardcore 161 fib and the bull test 11700

Come on EU, bear bears come out to play, daddy is waiting for you

give it back...its possessed .

One enduring constant of the world economy since 2008 is the chorus of sober-sounding people declaring that the Fed must act responsibly and raise rates. A few years back, rising commodity prices and a flood of money into emerging markets were proof that low rates were dangerously inflationary and must be hiked. Now we have plunging commodity prices and a flood of money out of emerging markets; clearly, this shows that the Fed must do the right thing, and raise rates.

i remember when people were yelling we'll become greece or we're on the way to becoming weimar germany....sad for bill gross and pimco and so many others shorting bonds......fast forward to now and its pretty much the same people wringing their hands that china is imploding and will sell our debt and cause a whirl catastrophe... and europe will breakup and start another war amongst themselves

thats why i dont want to cloud my reasoning with why price is doing something..its better to be blank.... i tend to lose less money that way

that paste was by krugman http://krugman.blogs.nytimes.com/?module=BlogMain&action=Click&region=Header&pgtype=Blogs&version=Blog%20Main&contentCollection=Opinion

tyrant is this you?or kiwa?

Within the first 24 hours? Is that a new house record?