shahani: 1120 is the 76.4 retracement of the rally from the recent lows to the highs made @ 1254.......if we cant even hold that it definately looking like we are going to bust through higher. euro/usd broke threw its 76.4 retracement at 1.2690 but is now hovering above it.....lets see if we manage to close the week below both levels.....if not we would easily enter consolidation mode....do you think that current volatility is going to stay...it seems like its dying out already..... - October 30th, 2014 03:34:45 PM
Leo: Agree to both )) - October 30th, 2014 02:54:23 PM
alex: The FOMC sounded hawkish, even if stocks and bonds disagree, maybe that being the good forecaster they really are (cough!) they see something that mainstream economist don't see ... - October 30th, 2014 02:50:42 PM
Zvi: While this may be true (we have NO way of knowing) that this is an "accounting trick" - if it is, probably all countries use it.. so just sounds like someone trying to fill in his quota of writing... or am I missing something? - October 30th, 2014 02:49:51 PM
TR: @mark p Don't see any links named "navigate" on the page, but there is that blue bar near the top of the page for site navigation. Wrap ups can be accessed by hovering the cursor over the "NEWS" part of that blue bar (this opens a submenu) and then chosing "Wrap up". Alternatively, below each post there are lists of "Categories" and "Tags" under which that post is classified, and wrap up posts are apparently classified as "Forex Headlines" in both, so one can click on "Forex Headlines" in either categories or tags to get the list of wrap ups. The "blue bar" method seems to be category based (not tag based), but hopefully contents of both lists are identical. - October 30th, 2014 02:46:28 PM
Jim: The appeal of QE to policy makers is the same as the appeal of inflation -- it gives them room to spend without the burden of collecting more revenue -- and an immediate effect is to make citizens feel wealthier. Over the long run this is illusory, but then how many politicians do we know who can see past the next election. In any case, from that point of view, if there is QE then inflation is not so necessary. Expect this circle to continue for a long, long time ... - October 30th, 2014 02:36:22 PM
ali raza: EU is going up on this news ............ how funny - October 30th, 2014 02:10:51 PM
peter: This is why retail traders should never trade on information I guess, but 3.5% is better than 2%, and the inflation figures from Germany are terrible. My bet is the recovery will hit 1.2630, and head south from there. Lets see. - October 30th, 2014 02:29:48 PM
alex: I agree with your valid considerations but my explanation is simpler: one, it's month end and two, nowdays Mr. Market is used to have a very short term kind of memory, like fishes, and forgets everything after a few seconds. - October 30th, 2014 02:23:57 PM
Greg Michalowski: My view....we can speculate on all the reasons (logical or illogical) and stories, but the underlying story is "the market" for which we are a part of, has not been able to keep the price below some broken levels. Momentum faded and the price rebounded back higher. Is trading a coin toss? If it is, we should all go to vegas and bet red or black. I think traders can swing odds in their favor by understanding risk and believing that the "market" will look to define risk and target levels. And if it does not do what we think it should do, eat "a little" crow. get out and get to the sidelines. Live to trade another day! Thanks for all the comments ; ) - October 30th, 2014 02:10:56 PM
Greg Michalowski: @seel I tend to agree with your comment (it is not always a coin toss though. There are plenty of times the price trends off the story) because I do listen to the price action more, but my point with the "HMMMM" is that the price action is not doing what the story says it should...So I begin to question and become more cautious. I guess you might have to read between the lines...; ) - October 30th, 2014 01:57:01 PM
Arul: Oh wait! we are not in a right or wrong business, anyway as per my thinking the logical reason behind that should be either Month-end,week end Dhamaka or as we know EUR is still a reserve currency with which some Nordic,Scandinavian and swiss currencies are pegged, talk about CB's intervention- that makes it similar to an Large operator running stock lol - October 30th, 2014 01:53:34 PM
niaz: seems like manipulation 101 by the option underwriters, the EUR & GBP options prices scheduled to expire at 10 AM today are at least a cent away from current prices for both currencies - October 30th, 2014 01:47:33 PM
DH: Do u think this is an indication towards a reversal in EUR i.e. EUR strength ? - October 30th, 2014 01:43:42 PM
garry: Beartrap!!!! - October 30th, 2014 01:32:28 PM
alex: Nobody is really interested into EUR shorting, it's a very dangerous sport. Things could change only if, and it's a big 'if' markets begin to freak about a possible confidence crisis in Europe, fueled by Greece electing an anti - Europe Government or something equivalent like in 2012. If you want to be USD long there are commodity currencies, gold, silver, crude oil, a.k.a. the usual suspects. My 2 cents. - October 30th, 2014 01:32:22 PM
Zvi: yep - looks like a LOT of profit taking. I see EUR/USD holding around the 1.26 level. I expect it to go down as the day go on... but who knows in this market? - October 30th, 2014 01:29:48 PM
seel: this eur/usd just won go down despite good usd date and poor german numbers? so what? toss a coin? - October 30th, 2014 01:19:38 PM
Jakob: Hey Greg, looks a lot like profit taking. - October 30th, 2014 01:14:58 PM
xeno: Check out the option expiries and you know why .. - October 30th, 2014 01:13:54 PM
bert: who cares?? gold is finished for a long long time. if it can't rise in the face of a world breaking down it can't rise period. it's just that plain and simple. - October 30th, 2014 02:08:39 PM
Big Tom: Remeber that even if the refrendum should pass it would take up tp two year until the relevant laws are changed and become effective. Up to then the SNB would still be able to buy EUR vs. CHF without buying a fifth of it in XAU. Yes things move slowly here in Switzerland - October 30th, 2014 01:02:53 PM
hello: Dunno about gold - a bit more sure about silver. Oh - and I'm bearish in the audnzd cross - it may trade still in the 1.13 1.09 range, but ultimately, it will move lower to 1.04 until the big rebound. - October 30th, 2014 12:55:42 PM
scjohn2008: Interesting the move based on the GDP figures was pretty much a none event. We're back up to 1.60 on GBPUSD and above where the EURUSD was when Europe woke up this morning. The coming months will be interesting to see how all this plays out. I believe that was predicted by our experts here. - October 30th, 2014 01:00:48 PM
scjohn2008: The present administration is doing all they can to trash the dollar. There is no way the US can repay the debt they have run up. I guess I see a possible collapse of the dollar and possible collapse of US economy. The problem with the US debt is that it relies on foreign countries to buy it as it is not greatly owned by US citizens as in Japan. The world is full of scam artists and the present administration is one of them. it will be interesting to see how long this will go on. I believe there are problems with most major economies at present. Buyer beware! - October 30th, 2014 12:53:11 PM
anon: Data was just leaked ahead of the news - check stock indexes (they are bid)... - October 30th, 2014 12:26:46 PM
Dennis: scjohn, where do you see the strong economic recoveries elsewhere in the world to pressure USD hugely lower? The EU? China? the BRIC's? - October 30th, 2014 12:25:04 PM
Browse our latest comments from forex traders to get a gage of general forex market sentiment. Our forex comments come from active forex market participants from around the world and include our real-time streams and updates from the major social media networks such as Facebook, Twitter and Google+. Get involved in the forex market discussion and share your thoughts, technical analysis charts, opinion or comments directly to our page or via our social media networks. We're likely to respond to the most interesting and thought-provoking commentary and our currency pair trade experts scour the internet to find social media related to forex markets we think our readers would be interested in. Feel free to share any news from policy makers, central bank officials or forex market leaders that would be of interest to other FX traders.
Don't miss a thing - get a daily digest of ForexLive.com articles sent directly to your inbox every 24 hours. Subscribe today and also receive Adam Button's 8 Secrets to Trading the News.
* indicates required. By subscribing to this form you opt-in to occasional messages from our partners.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.