Thread: GBP and JPY Pairs H1 2013

Originally Posted by Thomas Long

All very interesting....anybody have an opinion on the EUR/USD?

with the GU looking very bullish long term I am inclined to look for EU to follow it up into the high 130's

Originally Posted by rickos69

the US is still the leader of the pack, and will be for some time, some turn around and bash the US and USD as being useless and bad for the world.

That is exactly what the US government says. They say "we believe in a strong dollar!" and then they go about trashing USD because they want a weaker USD to promote stock market, exports and also print more currency bills to pay for the debt.

USD is still the leader of the pack but that is only because there is no good alternative. In fact, countries are replacing USD with a "basket of currencies". Even Geithner was supporting that idea yesterday and trashed USD further. When Japan and other influential economic countries replace USD with a basket, USD will get dramatically weaken.

EUR/GBP showing bullish signs on 4h chart. maybe worth checking out.

Originally Posted by andruha

EUR/GBP showing bullish signs on 4h chart. maybe worth checking out.

I would agree and looked at this pair yesterday in another section of the DailyFX forum. Here is the link:

Chart of the Day

It seems like no one really has a clue about where this pair is heading. Someone please convince me why is it supposed to go up and test 1.40 just days before the ECB event risk and with GBP at relatively high levels but with some negative sentiment, with NZD, AUSD and EUR/JPY at near overbought levels? I know forex is crazy and everything is possible so I prefer to be sidelined until I see a clearer signal. AT least EUR/AUD seems to be moving in line with expectations sofar.

USD is still the leader of the pack but that is only because there is no good alternative.

this says it all in a short sweet sentence

Originally Posted by melbgirl

It seems like no one really has a clue about where this pair is heading. Someone please convince me why is it supposed to go up and test 1.40 just days before the ECB event risk and with GBP at relatively high levels but with some negative sentiment, with NZD, AUSD and EUR/JPY at near overbought levels? I know forex is crazy and everything is possible so I prefer to be sidelined until I see a clearer signal. AT least EUR/AUD seems to be moving in line with expectations sofar.

I am spread out across EURGBP EURUSD and EURCHF.

All three of these countries have announced QE and they are loath to QE in Europe. The EUR is a riskier currency and risk appetite is back on the table, so it could rise on this alone. Maybe doing nothing is probably the wise move as I have lost a ton of money close to central bank meetings as the unexpected often happens that screws up my trades.

I guess we didn't need to fret over NZD Trade balance or GDP, no?

Originally Posted by qed

I guess we didn't need to fret over NZD Trade balance or GDP, no?

Nope....it's on a roll, now we just need to find out where the EUR is going????

Originally Posted by DollarBull

That is exactly what the US government says. They say "we believe in a strong dollar!" and then they go about trashing USD because they want a weaker USD to promote stock market, exports and also print more currency bills to pay for the debt.

USD is still the leader of the pack but that is only because there is no good alternative. In fact, countries are replacing USD with a "basket of currencies". Even Geithner was supporting that idea yesterday and trashed USD further. When Japan and other influential economic countries replace USD with a basket, USD will get dramatically weaken.

Strongly agree

Geithner said that he supports a proposition of a new reserve currency then later on when he was asked second time he said USD is and always will be the reserve currency

the first answer was fast and spontaneous ...without thinking or hesitation
the second one was slow and he was careful with his vocabulary

one of the those answers was a lie ...... guess which one

Originally Posted by eurolinux

Strongly agree

Geithner said that he supports a proposition of a new reserve currency then later on when he was asked second time he said USD is and always will be the reserve currency

the first answer was fast and spontaneous ...without thinking or hesitation
the second one was slow and he was careful with his vocabulary

one of the those answers was a lie ...... guess which one

Eurolinux:

Your statements are untruthful and full of conjecture. This is not helpful.

Mike

BTW Rickos, here is the yen rally...LOL....just when we least expect it...I thought it wasn't a good idea to join in the rally today....

Kiwi getting dumped as verbal intervention starts...EUR getting pumped up a bit (I bet by Eastern European accounts so that we can sell into higher levels)...whatcha think?

Originally Posted by melbgirl

Kiwi getting dumped as verbal intervention starts...EUR getting pumped up a bit (I bet by Eastern European accounts so that we can sell into higher levels)...whatcha think?

IMO, short starting high 3800 - 4000 sometimes late in 1st week of April or 2nd week of April. Now it's more consolidation and potential for further upside. Market is just waiting for a reason (news) to drive EUR up one more time

Originally Posted by melbgirl

Nope....it's on a roll, now we just need to find out where the EUR is going????

I'm throwing my hands up in the air. I have been flipping and flopping so much on the EUR I have forgotten what I think about this currency pair.

Originally Posted by melbgirl

Kiwi getting dumped as verbal intervention starts...EUR getting pumped up a bit (I bet by Eastern European accounts so that we can sell into higher levels)...whatcha think?

I'm starting to turn into some kind of a forex guru....scary!!! I'm starting to buy GBP/JPY...maybe this time it will be better than it would have been two days ago...