EUR Trade Index 18-Year Chart

Just read this in a news release titled" USD Weakness Means EUR Solidly Supported" - BNZ

"...Euro suffered overnight wobbles after ECB Executive Board member Juergen Stark says central bank won't bail out Greece, but SOVEREIGN NAME BUYING around 1.4280 STABILIZED single currency..."

SOVEREIGN NAME BUYING are the Big Boy Money Maker "PPT" for the Euro, and their weapon of choice is their Boy Toy eur.gbp.

STABILIZED in this context translates to "intervened". In other words, some very big people are desperately supporting EUR.

So the question and battle moving forward is...Will Ashraf be ccorrect and is Eur heading to 1.4200, then sub 1.40, or can the "Sovereign Name Buying Big Biy Money Making PPT" artists continue to mintervene and support a doomed falling knife?

At the time of this post, they are pouring EVERYTHING they have into eur.gbp, now at .9007.

Said,

I cannot believe my good fortune. Closed out all eur, gbp and aud shorts when Mr. Stark stated no saving of Greece. Kept my long usd.jpy open. Closed that today at 92.6.

I live on west coast U.S., so it is 10:30 pm - 5:30 am for me when the daily goosing occur in European session until U.S.

Been flat with limit orders to short eur, gbp and aud at higher prices as at today's 5:00 pm new york time is the cut for the roll on premium on the carry trades. Today those long those pairs receive three days premium. So the Big Fella's will keep these three pairs well bid.

Then to better fortune, the FED minutes were released, allowing for an explosion in eur, taking gbp and aud along for the ride and pounding down usd/jpy. Started shorting eur, gdp and aud a little earlier than anticipated, and long again in usd.jpy because of the mindless explosion.

Want to point out something to you. When Stark's comments came out, the Big Fella Money Maker's Boy Toy eur.gbp was at 89.85 and eur around 1.4355. In one minute, eur.gbp dropped to 89.45 and eur to the lows of the day at 1.4282. After a quick reaction-jerk down in sympathy, gbp went right back to 1.5995, where it has pretty much stayed all day. Yet eur.usd has recovered all the way back to over 1.44. How?

The Big Fella Money Maker's rammed into eur/gbp, their boy toy, too desperately save eur.usd. They were caught long (wrong) again. So the eur.usd rallied 100 plus pips, while the gbp.usd remained stagnant, while gold and aud exploded higher, all in the wake of "bad news" for the eur.usd.

Again I will state who'se really going to be short usd heading into Friday's NFP, especially with the rally in all the majors vs usd so far this week. I don't know how NFP will read, or what the reaction will be. Ashraf says eur.usd 1.42 by early next week. For this to occur, the NFP must be USD favorable in a big way. But what I do know is some to most of the gains this week against usd will be undone from here to Friday's NFP.

Long usd.jpy and short eur.usd.

DEAR ASHRAF
after FOMC Minutes do you think EUR \ USD will raise to strong point 1.45
thank you

Dear Ashraf
Happy New Year
after EUR \ USD Raise to 1.4445 RIS . DO YOU Think it will down agin to 1.4240 ?
Thank you for Ansar