Thanks for donating your views PipPipPip.Quote:
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Awaiting your continued contributions to this thread.
Peace
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Thanks for donating your views PipPipPip.Quote:
Originally Posted by ;
Awaiting your continued contributions to this thread.
Peace
Can you expect anything less from them? LOLQuote:
Originally Posted by ;
Cheers mate
I am off to find some sleep. I Would like to be awake for the European markets
ECB's Nowotny states ECB interest rate reductions can't be excluded.
Source: http://talking-forex.com/headlines/86706
Concur with you PT because 133.80 level should be the institutional order place.
Was suprised the 1.3400 level was breached this morning.
If selling remains agressive the instituitions would pull orders, leaving central banks along with the likes the last support for the 1.3500 level.
It seems that an as of yet unapproved 1.75 trillion bailout isn't sufficient to bolster confidence.
We may be visiting bailout fatigue as to effectiveness of coverage and the perception of lower interest rates to come. Who'll remain around for more of the disfunction we've observed in recent weeks.
After each of the denials, the dimensions of this proposed bailouts speaks a lot for the lack of a better egy.
Price has pierced last Thursday's 1.3383 reduced this morning but was quickly rejected from the formerly mentioned powerful service (Demand) under this area.
I am searching for a possible bounce back up where I anticipate some resistance (Give) to kick in at about the 1.3445 region and following a little pullback to 1.34, a further advance up to the 1.3485/95 region.
Update: The initial move up and pullback were much shallower than anticipated but the bigger movement remains in play.
Update: Uploaded new chart showing current price.
https://forexintuitive.com/attachmen...2126864062.jpg
Either way you cut it, even when the ? 2 Trillion egy is accepted and the risk banks are ring-fenced, the Euro will still take a hit. Why? Since the ECB will still have to reduce rates and begin buying unstertilized periphery bonds. That amounts to raising the ECB's balance sheet; ergo easing.Quote:
Originally Posted by ;
I think another dynamic has to be included. That's the USD. Last week looked like the Euro was bearish. However, not really. It moved against the Canadian dollar. And pretty against the pound. It is the USD that is surging. The Euro didn't fall below 1.35. It had been the USD that broke through the 1.35 barrier.
This may seem too basic, but most of the times I lose money on the Euro, it is because I focus on the Euro and forget that the other half of the cross, the USD, is a volatile currency.
Yes, you are correct. However, using the same argument, I could say that it was not the USD that was gaining strength but also the CAD that was losing due to a freefall in commodity prices, due to slow growth or no growth expectations due to the continuing debt crisis in europe which caused the Euro and the Sterling to eliminate value against the USD and the JPY. LOLQuote:
Originally Posted by ;
All together now... and also the head bone is connected to the neck bone, and the neck bone is on the breast bone, and the breast bone is connected to the back bone, etc etc
Cheers
When I go offline it is because I've lost electricity and Web as we are currently experiencing a monsoon type rainstorm. At the last 10 minutes we'd got at least 2 inches of rain and its still coming down.