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Stocks extending dip; real money selling EUR/USD

By   || July 28, 2010 at 19:11 GMT
|| 15 comments || Add comment

If you’re sitting with a EUR/USD position this afternoon and your watching stocks back away from their 200-day moving average, odds are you are going to hit bids and ask questions later. That’s what’s happening in this, the final hour of the trading day.

Real money is said to be selling at the moment, helping push EUR/USD toward the bottom end of the day’s range at 1.2974 in NY and London and 1.2967 in Asia. EUR/USD trades at 1.2976/77 with the S&P down 0.9%.

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Category: All, Americas, Mkt Talk, Regions
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15 Responses to “Stocks extending dip; real money selling EUR/USD”

  1. Giles on July 28th, 2010 19:25 GMT

    Jamie, am trying to post a comment and it doesnt post, or i dont think it has so i then try again and it says ir is a duplicate message. Have tried from my laptop and iphone but having no luck. Any problems with ur website u might be having?

  2. Giles on July 28th, 2010 19:26 GMT

    And this one goes through but the other wont…bizarre

  3. dafx on July 28th, 2010 19:30 GMT

    reading a story of a terrorist group in Greece wanting war…

  4. Corey on July 28th, 2010 19:34 GMT

    SELL, SELL, SELL!!!

  5. John on July 28th, 2010 19:34 GMT

    Jamie, do you think the EURUSD sell off will take us to 1.2950?

  6. Jamie Coleman on July 28th, 2010 19:44 GMT

    My website is perfect giles. I suggest all your web devices are in someway corrupted. ;)

  7. Hart on July 28th, 2010 19:50 GMT

    Uh oh Giles your a fxl addict like me.

  8. Giles on July 28th, 2010 19:51 GMT

    au contraire Mr Coleman…I think it doesn’t like the link I’m trying to post.

  9. Jamie Coleman on July 28th, 2010 19:51 GMT

    It’s the servers way of saying “Dude, get a life!”

  10. Giles on July 28th, 2010 19:56 GMT

    Righto, will try again tomorrow from work

  11. Hart on July 28th, 2010 19:56 GMT

    Now we just need waterproof, heatproof, indestructible hand held devices and it would be a perfect (fxl) world! haha

  12. Giles on July 28th, 2010 19:56 GMT

    It’s sooo unfair Hart :-)

  13. Giles on July 28th, 2010 19:57 GMT

    Check out this link as interesting reading. Go to Recession Watch at the bottom of the page…will be interested in people’s thoughts. Is this seasonal or something we should be concerned about

    http://www.railfax.transmatch

  14. Giles on July 28th, 2010 19:58 GMT

    Lordy lordy lordy!!! Finally got it. Just add dot com on the end of the link. That is what the bloomin website did not like…for pete’s sake!!! :-)

  15. Nick on July 28th, 2010 20:08 GMT

    John, looks like its stalled at 2970 t/p on half position @ 2980 for 40 pips same goes for cable @ 5580 converted both remaining halves to trailing stops from break even – see if asia can break thru the resistance – Thanks to Jamie, Gerry and Sean for the excellent info as usual – gr8 site – im an fxl addict too – cu all on the ‘morrow – ‘night all

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