Why did it start going up at 9am EST ? Up about 40 pips so far. I notice European markets were up and US equity index futures were up. It'd be nice to have a continuing thread of EUR/USD like the YM thread.
Bloomberg just said Bush may appoint a successor to Greenspan soon, possibly today. It'll probably be Bernanke. What would the effect of this be on EUR/USD and the dollar in general? Edit: According to one source, this may be one reason why the market is higher today. Short-covering. I don't remember if people thought Bernanke would be hawkish on rates or not. Might make more sense if he wasn't. Edit#2: Press conference at 1pm EST ? Rumored that it will be to announce Greenspan's successor.
Forgot... After Greenspan et al. visited China, China recently said something about a gradual revaluation. This is supposed to be helping the Yen and hurting the dollar. The euro being equal, this would make EUR/USD go up.
It has been consolidating between a falling 30-day average and the 1.1900âs for a month now. Let's see if it touches the average (1.2080-90) and then moves back down to the 1.1900âs again...
Forex Fair Values ie..--------Yes Euro is a sell but now over sold Now 10 Days 20 Days 30 Days EURUSD 1.2127 1.2082 1.2036 1.1988 USDJPY 111.5587 111.8901 112.2344 112.5919 GBPUSD 1.8022 1.7981 1.7939 1.7895 USDCHF 1.3025 1.3086 1.3149 1.3214 EURCHF 1.5410 1.5401 1.5390 1.5379 AUDUSD 0.7518 0.7499 0.7480 0.7459 USDCAD 1.1941 1.1936 1.1932 1.1929 NZDUSD 0.6927 0.6911 0.6895 0.6877 EURGBP 0.6689 0.6677 0.6664 0.6651 EURJPY 133.7667 133.5574 133.3404 133.1158 GBPJPY 199.5490 199.5764 199.6027 199.6278 CHFJPY 86.5650 86.4697 86.3716 86.2707 GBPCHF 2.3033 2.3060 2.3087 2.3115 EURAUD 1.6145 1.6129 1.6114 1.6100 EURCAD 1.4263 1.4182 1.4100 1.4015 AUDCAD 0.8847 0.8808 0.8768 0.8726 AUDJPY 83.0349 83.0040 82.9689 82.9295
They are the Centriod (Average...but theoratical) I use my own center of Gravity Models... actual prices Revolve around them...simply to Balance to calcualte them have to use Non-Linear Models
Plus if High/Close and Low/Close--average are for weekly then 1.010797788 0.987861175 EURUSD High= 1.2127*1.010797788 Low=1.2127*0.987861175 roughly....... 1.1979 for the low this week 1.2127 if is OK for average close... In general I won't sell it here