This is getting rather interesting. There is a HUGE USD & JPY carry trade unwind going on, yet the EUR is holding somewhat steady against the USD. That means the EUR is actually moving up against the GBP, AUD, and several other major currencies. Any ECB intervention to hold the EUR steady against the USD is going to result in the currency rising significantly against all other major currencies. I don't see that happening; I've got a feeling that another big flush on the EUR is due. ... just take a look at the AUD. Wow.
Yeah, the AUD finally caved. I've lost so much money shorting that son-of-a-bitch these last 6 months that this week is payback time. I'm making a killing on it. I would make more, but I'm like a dog that has been beat too much, the moment the owner picks up the paper, I cower in the corner. Positions have been smaller and less aggressive than i've done in the past, because I've always gotten stuck in them the last 6 months.
Hi Folks, I'm making a run to the airport today, so I'll be on the sidelines today. So for entertainment purposes I'll puke out a few thoughts, (to f/k with your heads). Yesterday when the afternoon rally (creeped) up, I really "thought" that rally would gain more steam and carry further into the 24's during RTH. It didn't. I would call the area above 24, 2400 - 2420 thin ice, especially if it's "there" at 10:00 am when the Philly Fed reports. Anything can happen, I know that.... But I want to see a tag of 2600 to sort things out in the near term........... (remember this is for ENTERTAINMENT purposes) Oh ya, don't forget Angie Merkell (sp) she can start Yapping "anytime" and screw up all the markets........ Have fun guys Good trading <*)))><
Japan, US and Swiss want a weaker currency. Europe wants a stronger currency. BoJ, FEd, SNB buy EUR. Even Merkel and Sarkozy could work this one out. Simples!
i dont trade forex but i track the euro and its flying right now, what a spread from the lows, i hope it runs to 1.35