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EURUSD

  • #1,067,001
  • May 13, 2016 12:48am May 13, 2016 12:48am
Quoting TeddyBearish
{quote} It means that the hope for rate hike in June has changed its status from "almost dead" to "definitely dead". It can be slightly bearish for USD. Yeah, but it is not only about "dead corpse" of US economy. All the global economy is in very ugly shape because of high taxation and tightening regulations everywhere. National economies cannot breathe. Every "stimulus" distorts market and makes things worse in long term. We are going to harvest rotten fruits of statism and Keynesianism.
"We are going to harvest rotten fruits of statism and Keynesianism" well put
On short term what about Mester and Rosenberg that were both fairly upbeat and clearly supportive which in turn helped overcome a weaker reading of weekly claims? ...I mean, their influence clearly had been seen on the charts for a while
Member
  • #1,067,002
  • May 13, 2016 12:56am May 13, 2016 12:56am
Quoting TudorIoan
My Intraday Setup (pivot_point basis) - monthly MP (1.1377) strong but tested hard may break ...if not reject again ...for now acting as short term resistence like; - although bad news for the dollar yesterday - except for the PA lovers who will buy the dip today - the balanced bias is visible downwards on daily basis; - better news expected for USD today: Core Retail Sales positive, PPI m/m positive, Retail Sales m/m neutral, Core PPI m/m positive ...all this should make dollar strong; - big boys gossip : USD remained firm against its major counterparts....
I suppose there will be a range during next several days, approx. 1.37-1.41. Of course, in case of no surprising news. We are at the bottom of the range now and it is Friday today so I think EURUSD could oscillate around 1.39. But I agree that the long-term trend is descending because of tightening US monetary policy and easing EU monetary policy.
Patience is a key to joy.
  • #1,067,003
  • May 13, 2016 1:14am May 13, 2016 1:14am
Oh shit! What happened?
Patience is a key to joy.
  • #1,067,004
  • May 13, 2016 1:15am May 13, 2016 1:15am
.
Attached Image (click to enlarge)
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  • #1,067,005
  • Edited 1:56am May 13, 2016 1:16am | Edited 1:56am
Quoting TeddyBearish
{quote} I suppose there will be a range during next several days, approx. 1.37-1.41. Of course, in case of no surprising news. We are at the bottom of the range now and it is Friday today so I think EURUSD could oscillate around 1.39. But I agree that the long-term trend is descending because of tightening US monetary policy and easing EU monetary policy.
Quoting TeddyBearish
Oh shit! What happened?
Yupiiiiie, I'm dreamin' ...got my TP hit at daily S1 1.1355 so soon
...what was that?!?!? the German Final CPI m/m negative yellow news hit?!?! Can't believe it!!!

you were saying... Yep, long term downwards. Add to yours thought, heard some big guys opinion, USD is undervalued at this time, so it will claim its value pushing the couterparts like euro down.
Member
  • #1,067,006
  • May 13, 2016 1:25am May 13, 2016 1:25am
Quoting TudorIoan
{quote} {quote} Yupiiiiie, I'm dreamin' ...got my TP hit at daily S1 1.1355 so soon ...what was that?!?!? the German Final CPI m/m negative yellow news hit?!?! Can't believe it!!! you wewre saying... Yep, long term downwards. Add to yours thought, heard some big guys opinion, USD is undervalued at this time, so it will claim its value pushing the couterparts like euro down.
But the negative CPI was expected. It was not surprising. And GDP increased more than expected. The drop came a bit later, not just after release of the data. Strange.
Patience is a key to joy.
  • #1,067,007
  • May 13, 2016 1:30am May 13, 2016 1:30am
My guess : Some very big player is going for huge longs on the Dollar Index.
When the going gets tough , the tough get going
  • #1,067,008
  • May 13, 2016 1:33am May 13, 2016 1:33am
Market is market,if price want down any news cant stop it...
  • #1,067,009
  • Edited 2:02am May 13, 2016 1:50am | Edited 2:02am
Hey, Teddy, French NFP printed ...steady as a rock
Quoting Beli
Market is market,if price want down any news cant stop it...
Come on guys, if what just happened is not a proof that the news shakes the market and the guys who care about the news can take advantage of it......
Member
  • #1,067,010
  • May 13, 2016 1:57am May 13, 2016 1:57am
Quoting TeddyBearish
Oh shit! What happened?
Nothing really , so far almost nothing .
30 odd pips slide .
I will not be surprised if EUR rallies above 1.14 later today .
Anyway , its still untradeable , better idea to look out for possible EUR/AUD long - if given we buy , if not-not .

  • #1,067,011
  • May 13, 2016 2:00am May 13, 2016 2:00am
Quoting yanitsa
{quote} Nothing really , so far almost nothing . 30 odd pips slide . I will not be surprised if EUR rallies above 1.14 later today . Anyway , its still untradeable , better idea to look out for possible EUR/AUD long - if given we buy , if not-not .
Untradable is very relative notion. Forget about that word, you can't - someone can!
  • #1,067,012
  • May 13, 2016 2:05am May 13, 2016 2:05am
Quoting Raa
{quote} Untradable is very relative notion. Forget about that word, you can't - someone can!
Yes , untradeable for me .
Tradeable for better traders !
  • #1,067,013
  • May 13, 2016 2:12am May 13, 2016 2:12am
Quoting yanitsa
{quote} Nothing really , so far almost nothing . 30 odd pips slide . I will not be surprised if EUR rallies above 1.14 later today . Anyway , its still untradeable , better idea to look out for possible EUR/AUD long - if given we buy , if not-not .
Ok, don't be "surprised if EUR rallies above 1.14 later today" ...because the later US data may disappoint investors
Until then, E/U drops sharply below 1,1350 to two-weeks low due to despite German GDP data

@Teddy (DTCC data shows that 764 million EUR options expire today at 1,1350)
Member
  • #1,067,014
  • May 13, 2016 2:25am May 13, 2016 2:25am
You have to remember that EURUSD was almost dead, hence also had extremely low liquidity. If some bank pushes into such a low liquidity market with a sell order of some more decent size, price can move like that. It also indicates that it was a bank because they seem to have sold the whole amount split into smaller transaction that are being unloaded usually all 30 seconds, hence the ongoing hefty drop for some minutes (besides SLīs of the range traders being triggered). Would EURUSD have been in its normal stage with more liquidity, such a bank transaction would not have moved the market at all, but in this case....
  • #1,067,015
  • May 13, 2016 2:32am May 13, 2016 2:32am
For now no more real important support until ~1.1220, let the fall continue!
  • #1,067,016
  • Edited 2:51am May 13, 2016 2:34am | Edited 2:51am
Quoting yanitsa
{quote} Nothing really , so far almost nothing . 30 odd pips slide . I will not be surprised if EUR rallies above 1.14 later today . Anyway , its still untradeable , better idea to look out for possible EUR/AUD long - if given we buy , if not-not .
Long EUR/AUD taken 1.5569

...and stopped .
-30
  • #1,067,017
  • May 13, 2016 2:36am May 13, 2016 2:36am
Quoting geektrader
You have to remember that EURUSD was almost dead, hence also had extremely low liquidity. If some bank pushes into such a low liquidity market with a sell order of some more decent size, price can move like that. It also indicates that it was a bank because they seem to have sold the whole amount split into smaller transaction that are being unloaded usually all 30 seconds, hence the ongoing hefty drop for some minutes (besides SLs of the range traders being triggered). Would EURUSD have been in its normal stage with more liquidity, such a bank...
Excellent comment. Agree, dead sure it was one shot player
Member
  • #1,067,018
  • May 13, 2016 2:38am May 13, 2016 2:38am
Quoting geektrader
For now no more real important support until ~1.1220, let the fall continue!
I have a very solid 1.1240 on monthly. I dont know if we will get there. I think EU are on bull momentum as long as 1.1240 hold on, but for now and as you said let the fall continue
So get ready!
  • #1,067,019
  • May 13, 2016 2:43am May 13, 2016 2:43am
Im still holding looking for a tp at 1.12xx

Attached Image (click to enlarge)
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20 Pips a day keeps centerlink away
  • #1,067,020
  • May 13, 2016 2:45am May 13, 2016 2:45am
Quoting geektrader
You have to remember that EURUSD was almost dead, hence also had extremely low liquidity. If some bank pushes into such a low liquidity market with a sell order of some more decent size, price can move like that. It also indicates that it was a bank because they seem to have sold the whole amount split into smaller transaction that are being unloaded usually all 30 seconds, hence the ongoing hefty drop for some minutes (besides SLs of the range traders being triggered). Would EURUSD have been in its normal stage with more liquidity, such a bank...
And the rest of market thinks it was a signal to sell...
It should bounce back soon. We will see.
Patience is a key to joy.
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