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Thread: EUR/USD Trading Room

  1. #1
    This Thread/Room I'd Love to Dedie For Trading The lt; eur/usd gt;.
    Fundie Trades / Tech Trades / SR levels / Daily Pivot Points / Trade Calls
    News Reports / Trend Analysis / Fib Levels / Chart Pics Analysis / Etc....

  2. #2
    Right now-we have DX index that's broken 80-a very important plogical level. The fed lowered the overnight rate to 4.86% on Friday(last date for which the fed encrypts data). Trichet and some of the other ECB's have said that they're not finished tightening and Trichet himself labled monetary policy accomodative.

    It's no big mystery here that everybody and their grandma is eyeing 1.3852 (all time). Odds are that EUR/USD will work it's way gradually towards that region where it will probably find some resistance. It might test there a few times before breaking up. No doubt that a sustained fracture will have everybody talking about 1.40 especially if it breaks the all time retraces and then finds support in that region.

  3. #3
    Quote Originally Posted by ;
    Right now-we possess DX index that's broken 80-a very important plogical level. The fed lowered the overnight rate to 4.86 percent on Friday(last date to which the fed publishes info). Trichet and some of the additional ECB's have said they're not finished tightening and Trichet himself labled monetary policy accomodative.

    It's no big mystery here that everyone and their grandmother is eyeing 1.3852 (all time high). Odds are that EUR/USD will work it's way slowly towards this region where it will probably find some resistance. It might test there a few times before breaking. No doubt a continuing break will have everyone talking about 1.40 especially if it breaks up the all time retraces and finds support.
    Sounds like music to me.

  4. #4
    All time highs, the breakout systems are going crazy at the moment! LOL

  5. #5
    EUR USD broke 1,3850 resistance. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indie a bullish pressure on EUR USD. The uptrend should continue to gather momentum.

  6. #6
    OK-so far there are approximately 80 pips within this commerce. It seems to ne running out of steam for today and I'm seeing for any severe unwind which is fueled by a sell-off in stocks

  7. #7
    I closed out my trade from 3500 , this particular morning. This is from the post about 3 weeks ago I left in the thread of Jacko. I'm feeling this is a weekly fatigue area and that the market will decline from here a little. I just don't have confidence to get an upswing. I think that it will decline into the trend line and who knows, it might advance again.
    https://www.forexforum.co.za/general...ent-banks.html

  8. #8
    Hmmmm moving a bit slower than I had expected.

  9. #9
    LONDON (Thomson Financial) - European government bonds were a touch weaker after yesterday's hawkish remarks from the European Central Bank, though ongoing concerns about the US economy ensured they remain at elevated levels.

    Yesterday, ECB president Jean-Claude Trichet told the European Parliament that euro zone monetary policy remains on the accommodative side -- fuelling expectations that interest rates could still go up despite the turmoil in credit markets.

    He said investors who act improperly might have to pay the price of the mistakes, suggesting the ECB is in no mood to bail out investors using a rate cut.

    This contrasts with expectations for multiple interest rate cuts from the US Federal Reserve Bank, starting with a quarter or half-point cut next Tuesday. The standard US interest rate is currently 5.25 pct but markets are expecting rates to be up to one percentage point lower by the year's end.

    The Fed is expected to cut rates in response to growing signs the US is heading in an economic slowdown and maybe even a recession, indied most starkly by Friday's shockingly low non-farm payrolls report that showed the amount of jobs in August dropped for the first time since 2003. Fears of a slowdown prompted major safe-haven flows into resources such as government bonds, which spiked higher on Friday and Monday.

    At least you have a fairly sound fundamental reason for going long in EUR/USD for a longer term trade. Frankly I would love to hear more language such as this out of Bernanke.

    Trichet has supplied liquidity, because that is the function of a central bank when liquidity becomes squeezed. But it should also be a function to point out where it sees problems and excesses from the markets.

    It still comes down to how nobody heeded the fed's words last year when they had been warning on housing. If Bernanke made an error perhaps it was not being more powerful in his speech.

  10. #10
    From a really brief term perspective, I would guess that the true story for the upcoming few days is if Eur/Usd rolls 1.40 Not from any fundamental perspective - that I feel that the current risk re. Mispricings could be at least as detrimental to Europe as to the US, and Putin is beginning to throw his weight around a little, which usually is not good for the Euro. The short-term risk is from possible major options at (or just above) that amount. The problem is that we - at least I - do not know when they roll off, because they might be customized; Philadelphia physically settled options futures die on Friday. Could be fun and games until afterward.
    Philly expiry dates:
    http://phlx.com/products/expcalendar1.pdf

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