Is all this suggesting more volatility in the Euro as the stress test results are picked through and deconstructed? Waves of alternating pessimism and (probably false) optimism?
As we anticipate the results, I feel we are spectators in a drama, maybe even participants. But is it tragedy, comedy, or farce? Or maybe pantomime. Who is the fairy godmother, and who is the pantomime villain?
@Ashraf: spot on with 1.2930 today (high of 1.2932 on my chart); kudos. Hope 1.31xx also achieved (but I know trading is not about hope, etc). It's looking achievable anyway.
"#euro dropping across board; $EURUSD nearing key support of 1.2770. might see possible retreat here b4renewed gains when bernanke speaks about 8 hours ago via TweetDeck "
Thoughts on cable at this point? I was convinced it was going to keep falling for a bit longer today, so the V bounce took me by surprised. Anyone think it's going to bounce back in the other direction (from ~1.53) again?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
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But is it tragedy, comedy, or farce? Or maybe pantomime. Who is the fairy godmother, and who is the pantomime villain?
Meanwhile, Catnip has timed his short pretty well. +~60 pips at time of writing.
"EURUSD, GBPUSD and GBPJPY breaking last nights IMT targets."
IMT@July 22, 2010 23:52 GMT
"EURUSD ooking for fresh attempt towards $1.2970."
Not to quibble :-) but EUR/USD did not quite meet 1.2970. (1.2965 on my chart; rolling daily). Still, close, so not bad :-)
Currently in retreat, so we'll have to see how it gets on with $1.3020.
Hope 1.31xx also achieved (but I know trading is not about hope, etc).
It's looking achievable anyway.
Guesstimate of 1.3150 max.
19:43 BST EUR/USD 1.2755-1.2756.
I guess he said something unexpected.
http://www.bloomberg.com/news/2010-07-21/bernanke-says-fed-is-prepared-to-act-as-needed-to-aid-u-s-economic-growth.html
"Bernanke Says Fed Prepared to Act as Needed to Aid U.S. Growth"
"Bernanke didnt elaborate on steps the Fed might take as he affirmed the Feds policy of keeping rates low for an extended period.
Also mentioned lower inflation.
hmm.
Any ideas why?
"'Crisis? What crisis?' says euro architect"