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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30745
Forum Topic:

EUR

Discuss EUR in this thread
 
La Puzzy Digitale
HastaLaVista, Burkina Faso
Posted Anonymously
11 years ago
Nov 1, 2010 0:08
intervention
La Puzzy Digitale
HastaLaVista, Burkina Faso
Posted Anonymously
11 years ago
Oct 31, 2010 21:04
NEW YORK (TheStreet) -- The euro-dollar currency pair (EUR-USD) collapsed from the 1.4157 level in early October, beginning a period of corrective weakness that is now in its third week.
Yet the euro-dollar continues to maintain its medium-term bullish tone that was established from the 1.1875 level, its 2010 low, which it hit in early June.
Looking back, the pair saw a stretch of weakness from its 2009 high at 1.5143 to 1.1875. Then a rally ensued, pushing the pair to the aforementioned 1.4157 level in early October.
If you look at the weekly chart very carefully, you will notice that the pair just finished a second leg of upside gains and is now consolidating its uptrend.
The first leg of that uptrend started from the 1.1875 level and ended at 1.3332 in early August and was followed by a correction. The second one started from the 1.2586 level on Aug. 24 and ended at the 1.4157 level.
The current price action suggests that the pair is merely taking a breather from its medium-term rally and will resume that rally, targeting the 1.4413 level and possibly taking a stab at 1.5143.
In sum, we are bullish on euro vs. the dollar over the next one to three months.
redstone
bristol, UK
Posted Anonymously
11 years ago
Oct 31, 2010 20:04
hey putzi u on drugs or sumfin...........
La Puzzy Digitale
HastaLaVista, Burkina Faso
Posted Anonymously
11 years ago
Oct 31, 2010 19:28
NFA orders $459,000 monetary sanction against New Jersey forex firm Gain Capital Group LLC
October 28, Chicago - National Futures Association (NFA) has ordered Gain Capital Group LLC (Gain), a forex dealer member located in Bedminster, New Jersey, to pay a $459,000 fine as a result of an NFA Complaint issued and a settlement offer submitted by Gain and its chief executive officer, Glenn H. Stevens.
NFAs Business Conduct Committee alleged that Gain engaged in abusive margin, liquidation and price slippage practices that benefited Gain to the detriment of its customers. The Committee also alleged that Gain failed to maintain records for certain unfilled orders, failed to adequately review the activities and promotional material of the firms unregistered solicitors, and failed to supervise the firms operations.
In addition to the fine amount, Gain must also provide appropriate refunds to its customers as a result of these detrimental margin, liquidation and asymmetrical slippage practices.
Gain and Stevens neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFAs website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

chloethebull
Canada
Posted Anonymously
11 years ago
Oct 30, 2010 22:53
@forum...what if the fed buys its way outta its problems...keeps on printing money til it solves its problems an actually gets itself in positive territory,what if the markets decide that qe 2-3-4..ect..is good for the usd on the premise that the fed is just going to keep on printing til its problems are solved an they get the results they desired,does the fed have that ability to print soo much money or are they running outta time(options)?im not sure how powerful ben an the boys are,but im sure they must carry a fair bit of influence still an im sure ben is no idiot(may im nieve)an im sure they must have a plan or can they reallly be flying by the seat of they pants..lol?ashraf do u think the usd is doomed or do u beleive they will eventually turn things around?ok gl this week guys:)
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Oct 30, 2010 21:58
This is very difficult to find the short entry. I assume if the election comes as expected and QE within expected range or a bit below the entry is 140 but I do expect wild swings. Only for very experienced traders.
Gunjack
London, UK
Posts: 1184
11 years ago
Oct 30, 2010 21:14
Hey Cat what do you see as upper resistance on eurusd
catnip
Frankfurt, Germany
Posted Anonymously
11 years ago
Oct 30, 2010 18:46
for what ?
Imo one of the very best fx trades is EURUSD short ( EURGBP short was a good trade )
if after whatever QE announcement big profit taking starts ... USD shots up and EUR shoots down. Technically EUR was weak only USDx was weaker. This may not mark a general trend reversal but a 300 pip profit on daytrading. Btw supreme court has permitted lawsuit vs. Merkel
plans of a 700 bln bailout reserve program.
Imagine reaction USD if after holidays sales fall 2.4% ? And EUR doesn't move on such dramatic
news from German economy? Believe me it will react.
Konings
Belgium
Posted Anonymously
11 years ago
Oct 30, 2010 18:08
http://stockcharts.com/h-sc/ui?s=FXE&p=60&yr=0&mn=2&dy=0&id=p72185085577&a=210213967&listNum=13

Watch the chart and wait
Konings
tongeren, Belgium
Posts: 2
11 years ago
Oct 30, 2010 17:27
http://stockcharts.com/c-sc/sc?s=FXE&p=60&yr=0&mn=2&dy=0&i=p72185085577&a=210213967&r=5316

Look the chart and wait