what people need to understand about currencies is that there is no "floor" or "ceiling"..
with a rumor of the EU breaking apart, imagine sovereign funds dumping "billions" of EUR for any other currency. EUR/USD at 0.2500 - 0.1000 or less is possible in panic sell off by factor of cross...
Sunday EUR/USD opens gapped down 25pips and dropping.
if it breaks 1.3575 ES would have a bearish candle engulfing the EOD rally, point is.. ES will not continue rally without EUR strength
looking to go LONG 1.3625 - 1.3575
traders on the online community of "elitetrader.com", mentioned..
i though the point of journalism was to invent some causality..
>"the heavy snowstorm forced traders to close short positions early and run home for the weekend!"
>"steve jobs had a turkey sandwich for lunch, Apple shares...
i am a fund manager, i have purchasing power in excess of 2mm intraday
1]the 2pm rally was impressive, a few different forces came into affect and created the perfect storm.
a)selling was exhausted, the shaky/loose hands got out of the market in the morning and the bearish expectations...
what really is the conspiracy here... lets say the whole system is rigged by GS and the FEd, (which i believe)what does it mean to "show there hand" with a print like that?
1043 is a silly bottom, this will go much lower
support and resistance.. sure
but nothing more beautiful than a breakout of a tight established channel or descending/ascending triangle
*except when its a trap
"A sharp increase in the number of people giving up looking for work helped to depress the jobless rate. The number of 'discouraged job seekers' rose to 1.1 million in January from 734,000 a year ago."
can you explain the play.. i just go with the flow but>
a positive number would be bullish for the Dollar and therefore continue the slide in equities?
has the market priced in the consensus of +15K jobs for Jan and left us at DOW 10K?
the real issue is the EURO...