They can be. Sorry about that. Been there. Hard to find the check up points, support levels, when any instrument has moved so far in one day. Trend was down as ND just pointed out. You'll be okay.
Guys, the 1-min chart is letting you in with acceptable stops. Ignore the price noise and wait for the follow through. The follow through is great today. EDIT: I'm stepping away from my desk now...
Back in at 93.80! just reversed out my stop. STOP on entry this time! Huge moves in CL yesterday and today
Anyone listening to the LIVE Gaddafi rant - its crazy! Its live on the BBC news website at the mo...........
Currencies Feb. 22, 2011, 9:54 a.m. EST Dollarâs safe-haven gains disappear Swiss franc and euro gain; quake upends New Zealand dollar By Deborah Levine and William L. Watts, MarketWatch NEW YORK (MarketWatch) â The U.S. dollar turned slightly lower on Tuesday, pulling back following comments from a European official that raised prospects for an interest-rate hike by the European Central Bank. The Swiss franc, in turn, was the recipient of flows from investors looking for a safer haven as turmoil in Libya sent oil soaring and dented overall investor appetite for assets and currencies deemed more risky to own. A deadly earthquake in New Zealand and news that Moodyâs Investors Service had lowered its outlook on Japanese sovereign debt to negative from stable also contributed to safe-haven demand in early action that supported the dollar, strategists said. The dollar index (BOARD: DXY) , which measures the U.S. unit against a basket of six major rivals, stood at 77.719, off from a high of 78.326 earlier and versus 77.739 late Monday in European trading. U.S. markets were closed for a public holiday on Monday, but currency trading took place in other countries. The euro (U.S.:EURUSD) turned up to $1.3679, from $1.3666 late Monday. The shared currencyâs rebound was tied to remarks by Yves Mersch, chief of Luxembourgâs central bank. In an interview with Bloomberg, Mersch said the European Central Bank might toughen its language on inflation next week. âMerschâs hawkish tone gave the euro a much-needed lift at a time when safe-haven demand was helping both the dollar and the Swiss franc,â said Michael Derks, strategist at FxPro. âHelped by some solid buying from sovereign wealth funds, the euro has recovered a lot of the ground it lost overnight against the dollar.â Meanwhile, the dollar won no support from a report showing U.S. home prices fell in December by more than some analysts expected, weighing on hopes for recovery in the largest global economy and for the possibility of rate increases from the Federal Reserve. The U.S. central bank has to balance the outlook for growth and inflation expectations. Read about Case-Shiller home prices. The euro remained 0.5% lower against the Swiss currency (U.S.:EURCHF) , changing hands at 1.2851 francs. The dollar (U.S.:USDSWF) also fell against the Swiss franc, down 0.8% to buy 93.96 centimes. The British pound (U.S.:GBPUSD) remained lower at $1.6155, down from $1.6221 Monday. As for the Japanese yen, the dollar (U.S.:USDYEN) pared losses to stand at Â¥83.11 against Â¥83.18 late Monday. The yen had been down earlier as investors reacted to Moodyâs downgrade of Japanâs ratings outlook. Read more on Moody's, Japan. The New Zealand dollar (REUTERS:USDNZD) fell 1.7% to buy 1.3326 New Zealand dollars, in the wake of a major earthquake. The quake, with a magnitude of 6.3, shook Christchurch, New Zealandâs second-largest city, on Tuesday, killing more than 60 and destroying buildings. Read about New Zealand earthquake. The quake caused markets to reduce expectations for rate hikes by nearly a full quarter of a percentage point, weighing on the currency, according to strategists at Brown brothers Harriman. The New Zealand dollar shed 0.6% versus its Australian counterpart (U.S.:AUDNZD) to trade at A$1.3384. The Australian dollar (U.S.:AUDUSD) fell 0.3% to $1.0031
short 94.38 stop to be out be (-1) Trading from an island in Malasya Similar problem as with the islands in Thailand: the connection with Europe doesn't have a decent ping until after people go to bed (midnight here now and finally able to connect). Kudos to those making a killing in these perfect storm. Yiiiiiiihaaaaa!
Economic Report Feb. 22, 2011, 11:00 a.m. EST U.S. home prices slip 1% in December Shiller sees risk of further steep declines By Greg Robb, MarketWatch WASHINGTON (MarketWatch) â Home prices in 20 major U.S. cities fell 1.0% in December compared with November, the fifth consecutive monthly decline after a tax incentive expired, according to data released Tuesday. The non-seasonally-adjusted Case-Shiller home price index showed prices rose in just one city, Washington D.C., as 2010 came to a close. âWe ended 2010 with a weak report. Despite improvements in the overall economy, housing continues to drift lower and weaker,â said David Blitzer, chairman of the index committee at Standard & Poorâs. The 20-city index is only 2.3% above its April 2009 trough. Falling below that level would put housing in a double-dip downturn. On a seasonally adjusted basis, prices fell 0.4% in December. Prices have moved down 2.4% in the past year following a 1.6% decline in the prior month. Compared with a year ago, prices were lower in 18 of the 20 cities. Prices increased only in San Diego and Washington D.C. Read the full report. On monetary policy, U.S. regains narrative In this edited highlight from a special panel discussion on foreign currencies, economist Eswar Prasad tells WSJ's David Wessel the U.S. is starting to convince the rest of the world that its monetary policy is not the only troublemaker. âThe enormous supply overhang of existing homes, particularly factoring in all those in foreclosure or soon to be, promises to keep pressure on prices for some time,â said Josh Shapiro, chief U.S. economist at MFR Inc. Case vs. Shiller Robert Shiller and Karl Case, the two economists who created the index, disagreed on a conference call with reporters about whether housing has hit a bottom. Shiller said he feared prices may fall further. He noted several factors, including high oil prices and the high number of foreclosures. He also cited the discussion in Washington about the possibility of phasing out Fannie Mae and Freddie Mac and reducing tax breaks for home owners. âBouncing along the bottom sounds optimistic to me,â Shiller said. âMy intuition rates the probability of another 15%, 20%, even 25% real home price decline as substantial. That is not a forecast, but it is a substantial risk,â Shiller said. Case responded there was âa chanceâ that we are at the bottom, although he added it was not something he would say with confidence. âIt looks like even the pessimistic indicators are flat,â Case said. He noted that existing home sales have come back after collapsing this summer when the home-buyer tax credit ended. Existing home sales rebounded to a seasonally adjusted annual rate of 5.28 million in December after plunging to 3.84 million units in July. 3.9% quarterly fall A quarterly index covering the entire nation showed home prices fell 3.9% in the fourth quarter compared with the third. The S&P/Case-Shiller index is based on a three-month moving average of home prices. So the December data reflects price data for October, November and December. This makes the index less volatile that other government housing price data. In ascending order, hereâs how each of the 20 cities fared over the past year. Detroit, down 9.1%; Phoenix, down 8.3%, Atlanta, down 8.0%, Portland, down 7.8%; Chicago, down 7.4%; Tampa, down 6.2%, Seattle, down 6.0%, Minneapolis, down 5.3%; Las Vegas, down 4.7%; Charlotte, down 4.4%, Cleveland, down 4.0%, Miami, down 3.7%; Dallas, down 3.6%; Denver, down 2.4%; New York, down 2.3%; Boston, down 0.8%; San Francisco, down 0.4%; Los Angeles, down 0.2%; San Diego, up 1.7%; and Washington D.C., up 4.1%. In a separate report, the Conference Board reported that its measure of consumer confidence rose to its highest level in three years in February