Chinook's EUR/USD (E/$)Mumblings

Just broke 1.3 on the upside, pericing candle on hourly, can this be a upmove??? Long from 1.2994

 

I saw this on a calendar too, but it can't be much of a holiday if their stock exchange is open. I'm still long the Euro; I don't think anyone is going to ever accuse me of having good entries.

Cheers,

TRADERguy :eek:

 

I like being right, but now that I've averaged myself into a small profit (by adding to "losers" - wohoo ) I will just have to be patient for this latest ploy to fizzle.

Maybe we'll go around 1.3010 again on the EURUSD - that's very probable as the slide has no big substance this night - remember that there is not a lot happening before 06-07 London time.

 

Monday, November 22, 2004

04am EST

EU Sep Euro zone foreign trade figure ?

 

Since this came out last night, I'm guessing not . But even if it was coming out tonight, the Euro rise has always been a USD weakness story. Lately, the market has been focusing on the twin deficits so USD positive #s don't even have the expected effect. Trade tonight seems to be dominated by fears of BOJ intervention (and maybe a conclusion that China is going to loosen the peg sooner than planned). Lets see if this USD optimism holds up through the European session.

TRADERguy

P.S. In an earlier post I said that the Japanese stock market was open. Apparently not, Bloomberg just forgot to designate it as closed.

Edit--but the Hong Kong, Seoul, and Sydney exchanges are up nicely.

 

Yes, it's importance has risen during the last week. I think that current levels will be good for some whipsaw or fast slide action later on, but without the asian session in full vigour we might see the touted profit-taking fears becom triggered on the back of a unexpected number - or a number for good excuses.

 

I assume these numbers might move the market a little in the next few hours?

Tuesday, November 23, 2004

02am EST

GER 3Q Final GDP ?

04am EST

EU Sep Euro zone Indus New Orders?

 

I'm buying EUR here in anticipation of the European open. This move down is bullshit, just knocking out a few weak EUR longs. Spec position is very very heavily long EUR. When the flow is light, like Japan holiday, good chance to push for some stops to the downside (which they got). My guess is over 1.31 by close of NY tomorrow. Neal.

 

Agree, I think 1.30 is a bargain at this point

 

Neal,

I'm with you on the long; I just wish it would go up soon. I was thinking it would bounce quickly and wasn't planning on being up now. Oh well, I can always catch up on sleep during the weekend.

TRADERguy