CatFx50 - page 478

eric79
308
eric79  

Now we are appoaching the EMA again.

harold4x
758
harold4x  

morning all a tricky little market because of treasury head change first guy was weak dollar second guy strong dollar as usual confusion in market becareful

moneyline
689
moneyline  
eric79:
Now we are appoaching the EMA again.

Yes Eric, we are near but I don't expect anything big to happen 'till after the US news. Notice we had good movement for the last hour or so, but now it's stalled waiting for the release.

moneyline

EDIT: Is anybody else having trouble with their Neuimex platform not updating USD/CHF ?

harold4x
758
harold4x  

yes my swiss is not working either

David
86
David  

Anyone take the yen trade?

moneyline
689
moneyline  
harold4x:
morning all a tricky little market because of treasury head change first guy was weak dollar second guy strong dollar as usual confusion in market becareful

I see what you mean Harold. Paulson has just been nominated and he's in favor of a strong dollar....no wonder! It's a good thing I got my pips before this news!

moneyline

UPDATE: Can we expect a huge dollar buy shortly? Take a look at this, from CNN:

"I think getting Paulson is a bit of a coup for the Bush administration," said Jeoff Hall, the chief U.S. economist for Thomson Financial. "You've got enough academics at the Fed right now. You need someone with a little Wall Street credibility."

In his remarks, Bush said the Treasury secretary would be the leading force on his economic team, as well as the chief spokesman for his economic policies, and he praised Pauson's experience and integrity.

harold4x
758
harold4x  

theres no rule you have to trade today if market is mixed so will signals be very careful keep stops tight

moneyline
689
moneyline  

You're right Harold, there isn't, but if it has the same impact as yesterday's news I'm going to hang around and see if there's a rush after 10 AM eastern.

moneyline

harold4x
758
harold4x  

well i just got 25 on euro entered 78 on breakout with rush thats it for me see you guys later time to take a swim

moneyline
689
moneyline  
harold4x:
well i just got 25 on euro entered 78 on breakout with rush

Good for you Harold, I got some pips too. However, I have a feeling it's nothing compared to what's coming shortly...