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Thomson reports: "[15:51 EUR/USD: Spreads Narrow; Funds Taking Profits] Boston, November 17: US/German interest rate differentials are narrowing today despite the jump in US CPI and the stronger industrial production data. A large European fund is reported by Dow Jones to be taking profits...

Yet the surplus was lower than expected (1bn was expected I believe) and we decline. So there must be other factors in the decline (overbought, etc) I assume... I think if you had this impression early in the morning, you would be rich, my friend. But you bought close to the highmark of...

Thomson reports: "[15:22 EUR/USD: Crosses, US Equities helping Spark Correction] Boston, November 17: EUR/USD is easing back into the low 1.30teens, weighed down by selling of EUR/JPY as well as profit-taking linked to the sizeable rally this morning in US equities. Also eyed are the US...

hmm, i said that wrong in my previous post. yes, you are correct :>

Out of curiousity, I read that USD/AUD is measured heavily on the CPI. That is coming out tomorrow.. do you think USD/EUR will have the same effect with USD/AUD?

I think tomorrow we are going to see some big movements. If the CPI is higher like PPI was, I think we will break 1.300 easily. I hope this sucker keeps falling from 1.2950ish region so I can get a few good long positions :>

I'm curious.. what are other currencies that have a lot of momentum like USD/EUR? I'd like to start branching out into other currencies when the EUR is not being kind to me :>

From Thomson: "EUR/USD is consolidating at 1.2975, capped by options-related selling ahead of 1.3000. Dips are limited by options-related buying in the 1.2940/45 region, dealers note."

So when Thomson reports a 1.3000 plain-vanilla strike rolling off Wednesday, you really do not know if it means to keep away from 1.3000 or touch/surpass... although when they mention the one-touch @ 1.3100 i am assuming that implies it will need to touch that mark to get the 12M..

1.3000 options expiry tomorrow meaning people say EUR will not hit 1.3000 or EUR will hit 1.3000? I always mixed that up.

Thomson reports: "15:08 EUR/USD: Moskow Calls Current Account 'Unsustainable'] Boston, November 16: EUR/USD has bounced back to the 1.2960s, goosed by comments from Chicago Fed president Moskow that the US current account is unsustainable and must come down over time. He notes sluggish growth...

Interesting news from Thomson: "Resistance at 1.2985/05 is proving tough, with four daily attempts stalling here. Daily studies remain overbought, but a break of uptrend line support at 1.2915 and the Nov 10th low at 1.2850 is needed to suggest that the primary uptrend is ready for a major...

Thomson: (take it with a grain/dose of salt ;o) [16:43 EUR/USD: Gathers Footing As Support Holds] Boston, November 15: 1.2935 managed to contain the latest EUR/USD dip and prompt a rebound to the familiar 1.2950 level. The oil plunge has abated, helping sap the dollar rebound of its...

moral of story: go long around 1.290? :)

From Thomson: "[14:49 EUR/USD: Asian Name Keeping a Lid On] Boston, November 15: The Powell Rally was short-lived, capped in the high 1.2960s as an Asian central bank looks to keep the market range-bound, dealers say. One of the main drivers for EUR/USD strength is on the sidelines as Middle...

Thomson: "14:50 FX OPTIONS: EUR/USD Short End Heavy Ahead Of Expiry] London, November 11: The EUR/USD 1-wk contract has eased another fraction lower to show 8.35/8.80 from 8.45% bid as spot consolidates close to the 1.2900 region. With the US out for Veterans Day holiday, option strikes...

Seems pretty steady today.. I'm up +9 but I think we are getting resistence as we go up.. play the dips?

From Thomson: "12:16 GMT 11th November] The large 1.2900 and 1.2925 option expiries seen today have weighed on spot prices and with price action capped early on by German offers at 1.2900, this view still looks valid. The European preference is to buy on dips with 1.2850 support likely to...

From any sources or those guesses?

EUR/USD had a volatile outside trading day yesterday but we suspect the pair will stay in range of 1.2850-1.3004 for the rest of the week. The price action is violent but underlying strength is genuine. The fact remains 3 new all time highs have been made in the last four trading sessions...