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

Originally Posted by rickos69

In fact, parity can come regardless of the situation of the US economy. Of course, not tomorrow morning.

The reason this can happen is that, the European "Union" is behaving, not only now, but also in the past, and not only in financial matters, but also in strategic matters, as a group of countries, and absolutely NOT as a UNION.

Unless they change their behavior, parity, at least, is a certainty.

have heard all the noise for the past 5 yrs, when it was up in the high 1.5's the flavor of the month was to call for 1.7

when it was at 1.2 everyone said 1.4 when it hit 1.4 and dropped everyone said parity again

hell its gonna go up and its gonna go down and all the arguemnts both ways will be out there again but we will see another new low for the dollar before we see parity again.
The global economics cannot handle parity nor can the USA so its silly to eveb think that far ahead

trade what we have and ride the waves up and down. Personally I do not care where it goes, I will profit from it no matter what it and anyother pair does.
These past few weeks and more so this WEEK has been simply the best trading opportunities I have EVER seen in the forex market. I like these conditions.

Originally Posted by CodyB

have heard all the noise for the past 5 yrs, when it was up in the high 1.5's the flavor of the month was to call for 1.7

when it was at 1.2 everyone said 1.4 when it hit 1.4 and dropped everyone said parity again

hell its gonna go up and its gonna go down and all the arguemnts both ways will be out there again but we will see another new low for the dollar before we see parity again.
The global economics cannot handle parity nor can the USA so its silly to eveb think that far ahead

trade what we have and ride the waves up and down. Personally I do not care where it goes, I will profit from it no matter what it and anyother pair does.
These past few weeks and more so this WEEK has been simply the best trading opportunities I have EVER seen in the forex market. I like these conditions.

I'll drink to that!!!

"In Communism we Trust!" - With Love from Bernanke and Paulson

Originally Posted by DollarBull

"In Communism we Trust!" - With Love from Bernanke and Paulson

they have been using a lot of this lately too

Originally Posted by DollarBull

"In Communism we Trust!" - With Love from Bernanke and Paulson

Hey DB,
What do you think about shorting AUDJPY from this level with sl@72.40?

Edwards,

Originally Posted by Edward16

Hey DB,
What do you think about shorting AUDJPY from this level with sl@72.40?

Edwards,

The volatility is still very high but spreads are large implying that the volume is small; therefore no particular trend could be established at this time. I think it is best to wait for the turbulence to go away before taking risks in Forex. Of course, if you want to be adventurous, try it out on anticorrelated pairs with tight stoploss so that when one clicks it gives you a few hundred pips. Or buy/sell correlated pairs, same strategy.

If carry trade returns, AUD, AUDJPY etc could gain significantly, so it is not very advisable to consider shorting these pairs.

DB - Did you enter the short for this pair yesterday?

At the moment it's ranging around the 50 FIB retrace.

I expect it to drop to 1.9 but will wait for a good signal. Looking at the charts ff it brakes 1.9250 it will go down.

Any suggestions?

Scalping at the moment. Two entries short above 1.9500 took profit at 1.9450.

Looking to go short if it goes above 1.9500 again.
There's a FIB zone 1597 is located at 1.9509 which seems to be a big resistance at the moment.

8PM BST

Well, the retracement is over. It seems that the EUR/AUD is falling during US and EUR sessions and rising during asian session. Does that make any sense to you?

Originally Posted by DollarBull

The volatility is still very high but spreads are large implying that the volume is small; therefore no particular trend could be established at this time. I think it is best to wait for the turbulence to go away before taking risks in Forex. Of course, if you want to be adventurous, try it out on anticorrelated pairs with tight stoploss so that when one clicks it gives you a few hundred pips. Or buy/sell correlated pairs, same strategy.

If carry trade returns, AUD, AUDJPY etc could gain significantly, so it is not very advisable to consider shorting these pairs.

Thanks DB, I 've shorted it@71.96 and tight stop and bailed out after 135 pips!!
Thanks for the advise!!

Edwards,

So what are you guys doing with eur/usd. Buying or selling. looks like its on its way up to 1.38 or higher. No at the moment though.

Breakout/Reversal is taking place during asian session.

Long @ 1.9750 first target @ 1.9918-1.9925 second target @ 2.0030-2.0090.

EUR USD seems to be breaking the trendline support. All together the correction feels like a dead cat bounce. The Great Unwinding is still in progress, which means the dollar will go higher.
GL.

Originally Posted by Guilder

EUR USD seems to be breaking the trendline support. All together the correction feels like a dead cat bounce. The Great Unwinding is still in progress, which means the dollar will go higher.
GL.

Yes, this could be it! There is not much resistance between the recent low and 1.25. After that 1.15.
Lets see how this goes.

Oh yeah, yours truly, Mr.Immodesty predicted it!

But it also means this is close to a bottom for the stock market. It may hover around this area for a week and begin recovery in November which will move JPY crosses and EUR etc. I expect Gold and Oil also to recover significantly with Gold hitting past $1000 by year end. This time. Gold won't go against stock market... it will move up with it. Only problem with gold going up would be JPY will remain strong. Hence, I see that the near term prospects of JPY crosses is not very great, though there will be some recovery.

Originally Posted by DollarBull

Oh yeah, yours truly, Mr.Immodesty predicted it!

But it also means this is close to a bottom for the stock market. It may hover around this area for a week and begin recovery in November which will move JPY crosses and EUR etc. I expect Gold and Oil also to recover significantly with Gold hitting past $1000 by year end. This time. Gold won't go against stock market... it will move up with it. Only problem with gold going up would be JPY will remain strong. Hence, I see that the near term prospects of JPY crosses is not very great, though there will be some recovery.

Didn't the DJI also reach its all time high on this date?

Originally Posted by rickos69

Didn't the DJI also reach its all time high on this date?

Not likely. I think it was sometime March, 2000... (march 18th to April 14th). November to April is the Bull season for stock market. Bulls run when bears hibernate in winter!