Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Bari Baig

That is what SNB wants which is why it has been buying euro to weaken franc against it! Now, what part of my message was not clear :s

Originally Posted by Bari Baig

You're kidding me right? SNB rings a bell? SNB has been at it since last year March in efforts to strengthen Franc.

no desire to argue, just answering.

Originally Posted by Mary R

There are many different ways the issues of state and muni debt could play out, in fact hundreds of ways. There is a clause in the constitution which states that a state cannot violate a contract with an individual (oversimplified) but this can be interpreted differently by different judges. Saying that the states are in bankruptcy and this is similar to the situation in the EU is way too simple. Some creditors of the states and municipalities may just not get paid and will chose not to sue . Others may initiate class action lawsuits which would end up in court. Other states will be able to close their budget gaps by tax increases and revenue cuts. But for people who think the situation will play out in a similar manner to the EU sovereign debt crisis, I doubt it would be the same.

confused as to what you are saying. but as i recall from law school days long, long time ago states are sovereign within their own borders and it's constitution open to interpretation from it's own state courts and beyond the scope of federal courts. only when a state disagrees with another state can a federal court intervene.

this situation completely different from EU sovereign matters. back to hibernation.

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Originally Posted by fxaprendiz

no desire to argue, just answering.

I'm not arguing fxaprendiz,

Jan 5th onwards euro has appreciated significantly against most of the pairs [if it has weakened against Indian rupee or something of that I don't know] and that is when Swiss Minister of Economics called upon the leaders to do something about the weakness.

Track record of SNB is littered with interventions :s

Originally Posted by analyzer

confused as to what you are saying. but as i recall from law school days long, long time ago states are sovereign within their own borders and it's constitution open to interpretation from it's own state courts and beyond the scope of federal courts. only when a state disagrees with another state can a federal court intervene.

this situation completely different from EU sovereign matters. back to hibernation.

well there has been way too much arguing on this forum about whether the EU or the US has better long term economic fundamentals, in my opinion. I am hoping for a final move to slightly above 1.36 on Monday to short. I am also thinking the GBPUSD may move above 1.60 again in line with the ITD1 expectaions John G was discussing. The Fed meeting will be the next major mover for the markets Wednesday

Originally Posted by nopainnogain

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Hi Thomas,

Just a note....

On that chart showing the divergence,,,

one thing I look for is sustained divergence.... but You see where the previous high got broken on the divergence line.... by the following RSI peak ???

For me that is a warning that the move may be incomplete..... I am hoping not but I have the same picture on my own RSI's....

Divergence on 5m but not on 10m which for me is Master.


When that "Here" arrives... I then ignore all previous RSI divergence signals and note it as strength consolidation instead.


Heres my charts: see HERE
,

Who typically holds into the weekend?

Originally Posted by Mary R

... I am hoping for a final move to slightly above 1.36 on Monday to short...

just shorted @3615
good weekend to you

Thanks i see what you are saying. ( what you say makes alot of sense) ( will be watching the 10 min. dever. )

Originally Posted by nopainnogain

Thanks i see what you are saying.

Youre welcome.

Many times I have lifted the divergence line... and usually to accomodate a complete count.

I don't allow the count to over-rule the RSI's now.

I was told they would show me what price action WILL DO.

The prophecy came true, is true, remains true.

I no longer lift the divergence line.

I start again instead.

Originally Posted by nopainnogain

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.50 retracement, 1.618 of a, at 1.3620, Daily cloud top at 1.3626. Do you guys think this area will hold?

Thanks

Originally Posted by Mary R

well there has been way too much arguing on this forum about whether the EU or the US has better long term economic fundamentals, in my opinion. I am hoping for a final move to slightly above 1.36 on Monday to short. I am also thinking the GBPUSD may move above 1.60 again in line with the ITD1 expectaions John G was discussing. The Fed meeting will be the next major mover for the markets Wednesday

I really haven't noticed much arguing, but I enjoy reading all the different view points, personally speaking.

Just thinking out loud, can you imagine a state foreclosure sale? How awesome would that be! I just bought a foreclosed home about this time last year, but I would have waited if I knew I could own an entire state instead!

Hey, I'm calling dibs on Alabama..... I always wanted to own me a state...

Oh well, like I said, double dip recession anyone????

Happy Trading,

t3t4

Originally Posted by zion

building long positions from 13440 to 13780 13380 negates

moved some lots out and stop to 13470

as soon as you said that it made total sense. on the 60 min. i get a lot of consolidation which would cool thing off. on 10 min.plus looking at big picture, you would get a real good picture. many thanks . got that one in my quiver.