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

Quote from OfmY:

Yeah, I mean not their web site but software with real-time streaming news etc.

The best source is probably REUTERS 3000 XTRA, but it's probably too expensive, but in here Russia they created special services like IScreen with less fee.

Concerning Thompson how do you find it and what is the fee per month?

p.s. IMHO Usually there enough rumors and insider stuff to explain every significant move either up or down. That's why I don't rely on it.
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don't forget, I'm in Russia too!

www.ifrmarkets.com

That's Thompson. The cost per month is dependant on what you negotiate with them. But I'll say that I make the fee up in one or two trades.
 
myforex - yeah, I might have called the rate cut thing wrong. Regardless, I still think that with the US CA problem, the EU political disaster, and the Aussie and Loonie starting to chip, Sterling will be where it's at.

Also short on the EUR right about where you are.

Cheers.
 
Ivanovich,

I mean for people who read this thread too. Besides your current location is available at your web site. BTW how does it work?

Thanks for the link! Joining to nice weekend wishes! :)
 
It's linked to the gprs on my phone. When I log on, the phone updates my location through Keyhole, which you probably heard is a mapping/geo program. Friend of mine set it up. Neat, eh? :)
 
Hey.

I posted this on a separate thread in the main section.

I have this image of an analisys of mine and what i would like to see is opinions from you guys regarding this.

I call this a bottom and a retrace to the 30day EMA plotted on the chart in the image. First the price should breach supply line 2 and then line 1 b4 heading to the EMA.

All of this because of MACD and RSI divergence, situation that has happened as you can see in the image right underneath where it says Plot Area.

Let me know what you think.

Cheers
 

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Ivanovich, great pictures!

On the subject of forex... and EUR/USD in particular:

Technically:
Didn't USD just make a double top at 89.x with a confluence of many other technical indicators (measured move, MACD divs, Andrews lines etc), suggesting a high possibility for reversal ?

Funnymentally:
The effect of almost-tax-free re-patriation of US corporate profits held abroad which started 1-Jan-2005 has probably also runs its course. Hedge fund redemptions are due next week. FOMC will most probably stop rates at 3.25% next week ('9th inning')

And the true funnymentals of the US economy are as difficult as they've ever been. I think US will pursue a weak dollar policy, to wipe out much of the accumulated debt.

In addition, we're already 6months in this USD counter-trend bull in the secular USD bear market.

As I've said several times in the past, I'm not fond of any of the confetti fiat-currencies, yet I would think it's about time for USD to resume its slide vs the other confettis.
 
Thanks Mtzianos, I did not check the futures chart, that was only by the spot pair. I am glad i got this right as i put a trade to take profit at 1.2200 and a stop loss at 1.1950 because of this. How do you see this?
 
Quote from mtzianos:

FOMC will most probably stop rates at 3.25% next week ('9th inning')

And the true funnymentals of the US economy are as difficult as they've ever been. I think US will pursue a weak dollar policy, to wipe out much of the accumulated debt.

In addition, we're already 6months in this USD counter-trend bull in the secular USD bear market.

As I've said several times in the past, I'm not fond of any of the confetti fiat-currencies, yet I would think it's about time for USD to resume its slide vs the other confettis.
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I disagree with the 9th inning idea, simply because in several of the Fed speeches, the comments "We might have to go into extra innings on this one" regarding the 9th inning comment.

And in regards to a weak dollar policy wiping out much of the debt, Greenie and several major economists have already stated that the dollar falling will not be enough to do this. So that's not a solution.

oh, and thanks for the compliments on the photos! :)
 
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