EURUSD

Bull seems back!!

My friend tell that to S+P which made new highs today . . .

Nasdaq and S&P hit new record highs...

That is called PERCEPTION , NOT REALITY. If you want REALITY and results visit my thread.

One day does not make a Trend.

https://dailyreckoning.com/david-sto...y+Reckoning%29


PLEASE LOOK AT THIS VERY IMPORTANT CHART...

http://fm.cnbc.com/applications/cnbc...e_election.png

What happens when Dow 30 breaks 19,500 ?


Benjaminis

https://goldswitzerland.com/the-inve...s-but-started/

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Assumptions
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I skipped over it... in 1 minute. The funny statements are in the middle, always.
1.4% assets??? why not 50%?
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But yes, agree, will printing money - gold up a bit......
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And DOW J will break 20000 easy. Whether stay up is another question. I'd say 21000+. Not that i care.

GL

eur/usd long -> 1.09680

I am waiting for brutal short, rollover

and I am waiting for a pullback to long...

Same

Lol based on what?

just seat. relax wait and watch ! it magic brother and my strategy. ) (not a scalping only h4 based strategy).

Haha okay bro maybe actually we may go long I'm on side lines until it's more clear

Daily close wasn't as strong as it could have been...

See if you can find the last time we had a daily pattern the same as the last 2/3 candles

My two bits on the EUR/USD are,I don't see any reason to be shorting it unless your intraday scalping the Euro.. The trend is your friend and its been a steady gradual climb since late December on the Daily.. Until that changes and breaks, shorting wouldn't be advisable as i see it.. Depends on your trading styles..

Good luck guys

First it tried to break 1.0750 a couple of time and finally it break free, now 1.0770... aside from that eu cant seem to go lower than 1.0720 and close below it on the 1hr/4hr/daily candle. Seem like eu will definitely trend to where it suppose to be 1.0850+

Hello

For information purposes.

http://www.focus-economics.com/regions/euro-area

Snippet:
Economic Snapshot for the Euro Area
December 21, 2016
Economic recovery continues in eventful 2016 but more political hurdles loom
Despite a year defined by a migrant crisis, populist movements, Brexit and the election of Donald Trump, the Eurozone’s tepid economic recovery continued in 2016. The third estimate for Q3 GDP confirmed that the economy grew a steady 0.3% quarter-on-quarter, which followed Q2’s 0.3% expansion and Q1’s 0.5% increase. The Eurozone’s growth story has remained consistent throughout the year, driven by a strengthening domestic economy while the external sector has been lackluster. Improvements in the labor market, low inflation and ultra-easy monetary policies have boosted growth at home, but investment has yet to fully take off.

Data for the final quarter of the year point to continued gains in the domestic economy. In November, economic sentiment inched up, despite the heightened risk environment, and the composite PMI rested at the highest level in one year in December. Moreover, the unemployment rate fell in October. Leading indicators have yet to show any obvious sign of contagion from 2016’s political shocks and FocusEconomics panelists see growth inching up to 0.4% in Q4.

Snippet:
Heading into 2017, economic prospects remain encouraging. The recent depreciation of the euro should bode well for the region’s exports. In Italy, steps taken to clean up the banking sector could help solve some of the structural issues in one of the Euro area’s weakest economies and the extension of the European Central Bank’s quantitative easing program ensures that monetary conditions will remain supportive. Yet, 2017 is unlikely to be a year dominated solely by economic events.

A crowded election cycle within the Eurozone combined with unknown policy directions in key trading partners means that political developments will likely rule the narrative going forward. France and Germany, the region’s largest economies and two countries that have been targets of violent attacks in 2016, will hold elections and Eurosceptic candidates are likely to make inroads. In Germany, forming a coalition government is expected to be more difficult, while far-right candidate Marine Le Pen is seen as making it to the second round of the presidential vote in France. Italy is likely to see an early vote, which could take place in 2017, after the resignation of Matteo Renzi this month and the Netherlands will also hold elections.

Outside of the Eurozone, a lack of policy guidance from key trading partners, the United Kingdom and the United States, convolutes the outlook. The UK has yet to give a clear direction on the tone or shape of Brexit negotiations and the new trade agreement will dictate economic implications for the Eurozone. In the U.S., the implications of Donald Trump’s election are hard to decipher, as Trump flip-flopped on many issues. Any enacted protectionist measures could hurt the Euro area’s growth, though stronger activity in the U.S. could also support the Eurozone’s exports. Despite the number of looming unknowns, our panelists see growth in the Eurozone remaining broadly steady at the start of next year and project a 0.4% expansion in Q1 2017 over the previous quarter.


Tepid growth expected in 2017
Growth is seen slowing slightly in the Eurozone in 2017, after coming in at an expected 1.6% in 2016. A rise in inflation will reduced tailwinds to consumption, and investment growth is likely to slow amid heightened uncertainty. However, still easy monetary policy and improvements in the external sector will support only a slight slowdown to 1.5%. The 2017 forecast was raised 0.1 percentage points from last month’s publication. Looking ahead, GDP growth is seen stable at 1.5% in 2018.

Looking at the individual countries in the region, the majority of the economies saw better prospects for 2017 this month. 10 countries had their forecasts upgraded, including Greece, Portugal and Spain. Forecasts were kept the same for major players France, Germany and Italy, along with 6 other economies.
Luxembourg, Ireland and Malta are expected to be the best performing economies in the Eurozone in 2017, with growth rates of over 3.0%. On the flip side, Finland and Italy are expected to be the worst performers with growth rates of near 1.0%. Among the remaining major economies in the region, Spain will grow the fastest at 2.3%—continuing to outperform most of its Eurozone peers—and Germany will expand 1.4%. France is seen growing 1.2%.


See the full FocusEconomics Euro Area report
GERMANY | Merkel announces intention to run in 2017
The abrupt slowdown in the German economy in Q3 was confirmed by more complete data released by the Statistics Institute in November. Continued strong private consumption growth, which benefitted from record pension increases, strong wage growth and low inflation, was not enough to overcome the negative contribution to growth from net trade. Exports contracted in Q3, brought down by increased uncertainty in the international trading environment. Early data for Q4 paint a mixed picture with consumer confidence and retail sales trending downwards, while business confidence and industrial production stay robust and exports improve. In the political arena, Angela Merkel announced her intention to seek a fourth term as Chancellor in next year’s parliamentary election, which is expected to be closely fought in light of the rise of the far-right AfD party.



Benjaminis

Silly me, went out of town didn't bring trading gadget and missed to set TP before I left
Now I've set the TP at 1.0796 (81.6 pips) ... Is it too far?
SL remain the same