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

Am looking to see when will GBP and USD will stop correlating positively because Britain will have to safe their currency which they love so much.If this will not happen soon than later then even Britain will also cry for GBP as a currency.am waiting to see what will happen for this strong currency

Originally Posted by Sarah Muchuku

Am looking to see when will GBP and USD will stop correlating positively because Britain will have to safe their currency which they love so much.If this will not happen soon than later then even Britain will also cry for GBP as a currency.am waiting to see what will happen for this strong currency

I have heard that the UK sold the bulk of their GOLD holdings back in early 2000's when it was trading b.w 330-370 USD... If memory serves me rt, I believe it stated they sold over 80% of their holdings........ Look at where Gold is now and I like to know if Soros was around on the gold rush at that time...

GL...

Originally Posted by stryker

I have heard that the UK sold the bulk of their GOLD holdings back in early 2000's when it was trading b.w 330-370 USD... If memory serves me rt, I believe it stated they sold over 80% of their holdings........ Look at where Gold is now and I like to know if Soros was around on the gold rush at that time...

GL...

They sold the bulk at around $275. That Brown idiot gotta be the best bottom picker in the history of all financial trading. Gold low between 1999 and 2001 is called the 'Brown bottom'.

GUYS AS WE MENTIONED EARLIER THE 2480 IS A GOOD POINT WHERE WE MIGHT SEE SELLERS CAME THROUGH THE MARKET REMEMBER ..
HERE YOU GO GUYS , MY CHART 10M REMAINING

Originally Posted by Franosh

They sold the bulk at around $275. That Brown idiot gotta be the best bottom picker in the history of all financial trading. Gold low between 1999 and 2001 is called the 'Brown bottom'.

lol....... So I heard it rt and was tad off the price.. ok, was kinda trying to give some grace to them on 370 a pop on GOLD.. but 275 and I do wanna read about this Brown guy for whatever he did would be something I don't wanna do.........
thnx........

GL..

THE TRADING VOLUME IS KINDA SHALLOW BECAUSE BANKS, TRADERS, AND HUGE FUNDS ARE WAITING THE RELEASE SO IF WE GET A POSITIVE OR NEGATIVE DATE WAIT THE CHICAGO OPEN IT WILL MOVE THE MARKET AS LONG AS WE GET A GOOD OR BAD INFLUENCE ON THE RELEASE, NOT NEUTRAL, THERE ARE ESTIMATING A POSITIVE FIGURE LETS SEE ...

Euro 3-Wave Correction of Down Trend?

This is a long term strong downtrend with another week or so to go. When things get very oversold, a retrace happens to set up the next round of selling. Retracements are shallow so normal retracement targets need to be adjusted to reflect the strength of the selling. Reversal to the downside has already started so anyone waiting for higher levels will be left at the altar.

The 50EMA(gray line) on the 5min timeframe can be used to determine the trend. When the bars highs and lows are trading above the rising 50EMA, the trend is up, When the bars highs and lows are below the dropping 50EMA, the trend is down. All other times are transitions from one state to the other.

Originally Posted by stryker

lol....... So I heard it rt and was tad off the price.. ok, was kinda trying to give some grace to them on 370 a pop on GOLD.. but 275 and I do wanna read about this Brown guy for whatever he did would be something I don't wanna do.........
thnx........

GL..

A monumental mistake: As the chancellor at the time, he announced to the world how much he was going to sell and on what date he would sell it....

That's something so simple and fundamental that I don't think even secondary school kids would be so foolish.

And he thought/claimed he 'saved the world'.... with someone like this claimed to be an 'academic' and 'scholar' (a supposedly economic historian), gotta say I could feel nothing but despair of the state of academia.

(On another note, I am long euro from 2360.)

Originally Posted by rcopadilla

The 50EMA(gray line) on the 5min timeframe can be used to determine the trend. When the bars highs and lows are trading above the rising 50EMA, the trend is up, When the bars highs and lows are below the dropping 50EMA, the trend is down. All other times are transitions from one state to the other.

Much appreciated.

Hello everybody. Quite new and still learning and wondering what to do now with a lucky trade here. Any ideas welcomed.

Eur 2 hrs and gold and USD 30 mins,,
EUR 2 came back testing its breakout and holding similarly as gold is doing on its 30 mins..
USD 30 mins has broken under as explained on the charts but failing at confirmation and hence either back above to where it broke out else down under confirmation for a sell out..
The confirmation supp lvl on USD 30 mins coincides with USD 4 hrs supp as well.
In short USD whichever side it breaks; the rest will go accordingly........
Laterzzzzzzzzzzzz and GL........

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.25 as nearly 56% of traders are long. Yesterday, the ratio was at 1.58 as 61% of open positions were long. In detail, long positions are 6.6% lower than yesterday and 9.4% weaker since last week. Short positions are 17.7% higher than yesterday and 27.6% stronger since last week. Open interest is 2.8% stronger than yesterday and 3.3% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 2.51 as nearly 71% of traders are long. Yesterday, the ratio was at 3.33 as 77% of open positions were long. In detail, long positions are 10.3% lower than yesterday and 20.5% weaker since last week. Short positions are 19.3% higher than yesterday and 15.5% stronger since last week. Open interest is 3.4% weaker than yesterday and 9.3% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 2.85 as nearly 74% of traders are long. Yesterday, the ratio was at 3.34 as 77% of open positions were long. In detail, long positions are 0.8% lower than yesterday and 8.8% stronger since last week. Short positions are 16.1% higher than yesterday and 7.4% stronger since last week. Open interest is 3.1% stronger than yesterday and 15.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 5.76 as nearly 85% of traders are long. Yesterday, the ratio was at 5.65 as 85% of open positions were long. In detail, long positions are 0.4% higher than yesterday and 10.2% stronger since last week. Short positions are 1.5% lower than yesterday and 8.9% stronger since last week. Open interest is 0.1% stronger than yesterday and 6.0% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.39 as nearly 58% of traders are short. Yesterday, the ratio was at -1.52 as 60% of open positions were short. In detail, long positions are 5.0% higher than yesterday and 10.5% stronger since last week. Short positions are 4.0% lower than yesterday and 5.2% weaker since last week. Open interest is 0.4% weaker than yesterday and 7.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at -1.86 as nearly 65% of traders are short. Yesterday, the ratio was at -2.20 as 69% of open positions were short. In detail, long positions are 9.4% higher than yesterday and 1.3% stronger since last week. Short positions are 7.3% lower than yesterday and 12.9% weaker since last week. Open interest is 2.0% weaker than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.23 as nearly 69% of traders are long. Yesterday, the ratio was at 3.59 as 78% of open positions were long. In detail, long positions are 12.5% lower than yesterday and 1.4% weaker since last week. Short positions are 40.7% higher than yesterday and 74.6% stronger since last week. Open interest is 1.0% weaker than yesterday and 12.1% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.52 as nearly 72% of traders are long. Yesterday, the ratio was at 2.63 as 72% of open positions were long. In detail, long positions are 3.6% lower than yesterday and 11.6% weaker since last week. Short positions are 0.8% higher than yesterday and 41.7% stronger since last week. Open interest is 2.4% weaker than yesterday and 1.5% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

Long term channel , and some fibo levels between 1.2420 and 1.2360 ,

below 1.230 next level between 1.2130 and 1.2050 .

Good luck