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They always have an explanation.... San Francisco, April 17. The USD index has extended its lows to 88.43 today, shaking off the positive TIC data in favor of USD selling over Iran concerns. The index was last at 88.55 but still remains poised close enough to 88.40 to break that level...

Nice.

I still see a major down move materializing in the $Index. Just hard to say what the timing is. I am still long from above and in the hole a little. I will cover if price solidly clears 2059 to the downside. I think we are headed back up to test the 2330 highs. I think we will break thru to...

Ivan, I was afraid you had lost interest in this pair. Nice to see you back at it.:p I am still long, we are headed to 1.30 area.

It works good as a signal service too. Everytime they go short, it is usually time to take a long position and vice-versa.

A Euro View

Just to clarify. I was talking about the $Index.

Okie dokie, but I think she's headin south.

I "see" a fairly bearish look to the $index on the monthly chart. Do any of you have this view or am I the only one. DRT

This was a nice trade. Congratulations.

Looks like you guys were right. I am still in my longs for now. I actually added to them this afternoon. Have a good weekend. DRT

[23:18 EUR/USD: Opinions Divided On Why Trichet Turned "Dovish"] Sydney, April 7: Analysts are divided as to why ECB President Trichet went out of his way to dampen expectations of a rate hike in May. One theory is that the ECB was starting to worry about the recent strength of the...

Any cigar smokers here at ET? I just bought a few Opus X sticks and locked them in the humidor. I set an aggressive goal for myself. If I hit it, I get to smoke one! :p Thanks to Monsieur Trichet and his loose lips, I will have to wait. He is obviously not a cigar Connoisseur or he would...

If I am driving, I take my laptop and zip into any good old Holiday Inn, etc and park outside. Turn on my laptop and fire up my program to check on postion trades, etc. I do not attempt to trade between hotels though.:D Well, maybe once or twice. Many times I trade from airports, airport...

Mon amis, In my humble opinion, all Monsieur Trichet did was create a buying opportunity. I find it hard to believe a man in his position would provide comment to many of the questions that he did. We should all sell the damn Euro based on his incompetence. He absolutely must have other...

I just reset the half I took off earlier on the move up to 1.2090.

Look for a move back up to around 2090 and reset shorts for 1987. 2059 will be the key on the way back down.

I took off half of my position at 2040. Next target is around 1987.

I have this pair closing in a very weak position. Of course, this is strictly a technical statement for me as I am not a fundamental trader. Likewise (as always it seems) I will be looking to the JPY to give direction as the flows return in the new FY. I have the JPY closing in a very strong...

Yes still short and that analysis was not done by me. I just copied it over.