[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 118

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tara:


And Baba Yaga is against it :)

Eurobucks to 3600 at most to 3700 with a big stretch...as it is in a downtrend...and the probability of a continuation of the move downwards is very high...
 
 
solar:


Consensus:

 
anything is possible. I'm trying to identify the points possible for a re-run. (that's the question I'm most interested in)
tara:


Consensus:

 
tara:


Consensus:

there's a 1.3415 trend there, not all of her trends are broken.
 
I would not be surprised if we go back down to 1.3360. Just in case, I will put a buy limit there
 

The day is a scalper's dream. You could illustrate it in a textbook:

and - synchronously:

 

Has the ECB cooked up a "bazooka"?

Players note that ECB spokesman Bini-Smaghi used the word "bazooka" in his speech. If you remember, the term was first used by US Treasury Secretary Hank Paulson in July 2008 when he asked Congress for the right to use taxpayers' money to deal with the crisis. "If you have a bazooka in your pocket and people know it, you might not even have to use it," he told the Senate Banking Committee. Of course, we all know what then happened to the GSEs, AIG, Lehman etc.

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Traders are actively buying the Euro on rumours

The Euro/dollar pair has recovered from the lows and reached $1.3520, but traders note that the market is rather thin. There are active rumours that Sarkozy/Merkel will hold a press conference early next hour. However, there has been no official confirmation of this, so it looks more like idle speculation. Offers are still expected at $1.3550.

 
 
solar:


Already :)

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