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

LOL....No Comment.

Don't Be Fooled By The Latest Euro Rally; Look to Sell
20 April 2011 05:25 GMTBy Joel Kruger, Technical Strategist

Originally Posted by DB_fxtrader

naked...short. ---y & brave

LOL! Very ---y indeed! Look at those bones left...

YouTube - ‪The Who - Won't Get Fooled Again‬‏

Originally Posted by Paul Chin

LOL! Very ---y indeed! Look at those bones left...

Short: 4529. SL: 4550. No TP.

Short: 4529. SL: 4550. No TP.

Take a look at the 8hr. Still plenty room

Originally Posted by Andie

Short: 4529. SL: 4550. No TP.

Take a look at the 8hr. Still plenty room

Wow! Really? Then better lock in profit... SL +2 pips (PS: I'm a scalper who can post real-time.)

Originally Posted by Paul Chin

Wow! Really? Then better lock in profit... SL +2 pips (PS: I'm a scalper who can post real-time.)

Move SL to 4520. Lock in 9 pips. I can continue on and on. No prob...

Low liquidity conditions in the markets today - thats probably why there are sharp moves for no apparent reason. Its a holiday week with Passover/Good Friday so big institutional players might wait until next week

Originally Posted by straty01

Inflation continues to climb in every market except the United States, which tells us that US inflation statistics are rubbish. In a global economy where the dollar is the world's reserve currency, and given the fact that the dollar is down roughly 8% over the past year, it is practically impossible for inflation to be higher everywhere besides the US. EZ had a record monthly increase in euro-zone inflation unexpectedly pushed up the annual rate to a 29-month high in March, a move that is likely to strengthen expectations that the European Central Bank will further tighten monetary policy further this year.

So, if you want to win the ugly contest you have to at least dress up for the show, the emperor (USA) has no clothes!

I suspect you may be right that the inflation numbers are skewed. Of course, it also argues the US was actually in a deflationary environment (while denying such) and inflation is simply catching up. I go with the former, however. This reminds me a bit of China's GDP numbers, which consistently stay in the 9-10% range. they are 9-10% at the height of the global financial crisis and the same last quarter, hmmmmmm, that seems odd. How is it everyone contracted but China grew when exports were the main driver. Have friends in China and they yell, be careful all is not as it seems. So if the US is skewing numbers and China is skewing numbers, where does that leave us?

Originally Posted by Mary R

Low liquidity conditions in the markets today - thats probably why there are sharp moves for no apparent reason. Its a holiday week with Passover/Good Friday so big institutional players might wait until next week

Might be right, next week seems to be setting up for a big reversal for several reasons

Originally Posted by stkelrey

I suspect you may be right that the inflation numbers are skewed. Of course, it also argues the US was actually in a deflationary environment (while denying such) and inflation is simply catching up. I go with the former, however. This reminds me a bit of China's GDP numbers, which consistently stay in the 9-10% range. they are 9-10% at the height of the global financial crisis and the same last quarter, hmmmmmm, that seems odd. How is it everyone contracted but China grew when exports were the main driver. Have friends in China and they yell, be careful all is not as it seems. So if the US is skewing numbers and China is skewing numbers, where does that leave us?

lol.... usa numbers are super skewed too
moody, s and p etc etc ratings of AAA ratings of lehmen brother even before it collapsed
most numbers and ratings are skewed and rotten

and they said 1.45 wouldn't be breached.... common top out...with fingers and toes crossed. i guess when this reverses, it'll be dramatic

I got killed last night with the AUD/JPY! Oh well. Hopefully better days are ahead for me.

Originally Posted by Paul Chin

PS: I'm a scalper who can post real-time.

yeah, i like real time trades instead of those posting after a move and proclaiming xxx pips gained.
short eur/usd @4527 / short eur/jpy @120.19 / long usd/chf @8911 let's see.

Originally Posted by analyzer

yeah, i like real time trades instead of those posting after a move and proclaiming xxx pips gained.
short eur/usd @4527 / short eur/jpy @120.19 / long usd/chf @8911 let's see.

Count me in. Short again: 45274 SL: 4550.