Chinook's EUR/USD (E/$)Mumblings

Quote from V-Viper:

Did you figure volume on the sell side by how it failing to pass 30's or is there a source of info somewhere on this?
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When it first bounced from 1.3000, the pullup volume was low relative to the volume it fell down. This is from my futures data.
 
Quote from Gringinho:

...
That will probably ease movement over 1.3050 - maybe as early as pre-european open - or during european session - just like wednesday above 1.3010. That is unless someone sees the opportunity to wreak a little havoc weakening € whilst Yen is strenghtening - both vs USD.
....
For the very short term we will probably see some bigger volatility - welcome for us who are scalping or otherwise trading.
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Wow, I would almost think someone read my posts when looking at the european open and the hour just before it.... the USDJPY and the EURUSD did EXACTLY that.
:D
 
Looks like longs are being dumped - not sure why?? I can only think before the G20 meeting this weekend - any other ideas?

There is a support line extending from 22 roughly up to 1.2990 - so this needs to break before any meaningful drop I would think.

I've shorted from 20
 
Quote from csaunders:

Looks like longs are being dumped - not sure why?? I can only think before the G20 meeting this weekend - any other ideas?

There is a support line extending from 22 roughly up to 1.2990 - so this needs to break before any meaningful drop I would think.

I've shorted from 20
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Thomson says:

"[13:58 EUR/USD: Position Trimming Predominates] Boston, November 18: The
overriding theme of the day seems to be that it is time to trim back longs. The
G-20 tomorrow offers a convenient excuse to book profits, though few expect any
meaningful effort to address USD weakness to come of the meeting. Buyers are
seen on dips to 1.3000 where a vanilla expiry is seen at 15:00. Stops are seen
below 1.2980, dealers note.
A European official a short while ago mentioned that the EUR could strengthen
to 1.35 now that 1.3000 has been broken. The market did not take the bait,
indicative of a tired trend in the near-term."


edit: i'm long/short, but i think we will generally see it touching in the 1.3050 area sometime day
 
It seems the proximity to 103.50 scared the USDJPY crowd into a hefty bounce to almost mid 104s ...
The strengthening USD on the back of jobs numbers is not typical of the last weeks, but might as I suggested earlier, start to show signs of how normalization is on it's way now - becuase the USD can vent against JPY - and possibly other asian currencies later on.

The one-sided depreciation against the € cannot continue as it has, since the pressure becomes unbearable in the end. Everyone knows this - and now that we signs of the situation changing, reverting we go back to more normal reactions also to US data.

We have to adapt and adjust quickly in this market which acts upon anticipation of future events and trends.
 
If things lighten up like the Japanese reaction might indicate I think we're in for a hefty slide; at least to around 1.24-26 ...
:)

edit: The big payouts at 1.3050 - 1.3100 might just hold us in volatility here a little still, but after that it's no way but back a little.
 
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