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

I think we will see some of the big guys taking profits. Might settle around ~1.3250~ and get support there to make a move past 1.3300 in London.

 

Closed EUR/JPY at 135.92 for 62 ticks. Since 136.12 is the Jan 12th high, and 136.4 is the downtrend line for 141.61, that's about as good as I think it'll get for a while.

 

You lucky dog! Your stop was about 4 pips from getting hit in the early AM.

 

EUR/USD looks like it wants to fill in the 1.3200/50 gap. I sense buying on dips.

 

1.3250 holding good support, tempeted to buy here before a London bounce.

 

Yep. Luck is part of it.

 

what's going on in Euro -- dip buyers getting run over? 1.3120 now.

 

have some volatility to them !

man ... that dollar index .... can zip at times !

this is what I see Bloomie reporting tonight


-Jan. 14 (Bloomberg) -- The dollar advanced in Asia after St. Louis Federal Reserve Bank President William Poole said the Fed will eventually drop its commitment to increasing interest rates at a ``measured'' pace.-

 

hmmm...Poole is emulating Greenspan w/ cryptic lingo... don't know which way to read it...drop increasing rates or increase rates at a "rapid" pace? I guess the mkt read it as possible faster raises which makes more sense. Thx.

 

It means that eventually rates will have to go up faster than .25% per meeting. However, PPI was so benign that "eventually" seems like a long way off.

Cheers,

TRADERguy