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

Quote from csaunders:

Nice call Gringinho - Some stop running seems to be the order of the day till Trade Balance figures and FOMC is out of the way - this could go down to 28/2780
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Yes, I think trade balance can pre-empt a bigger move - and lock in some ranges before the FOMC statement gets analyzed properly.

On the Bloomberg wire - Greenspan is reportedly worried about his would-be successor's handling of the double deficits. Hah! :D
http://quote.bloomberg.com/apps/news?pid=10000103&sid=aupqr_mhmBUs&refer=news_index
 
Another +10 scalp move ...
It's too easy right now. :)

Well, better to take a little rest until numbers get released.
Ta-ta.

edit: any takers on to around 1.2900 from where I called it (from 1.2875-ish -- 1.2890+ now) ? I was happy with +10 and got out on first stalling. Now I'm really putting those beans to rest.:)

edit2: LOL - ROFL. China's export surplus was USD 53bn for october - "almost exact number expected for US trade deficit" said the presenter on Bloomberg UK. :D
Hehehe - and there we see 1.2899 .. and 1.2900+ ... ahh I guess those beans relaxed me a little too much, and maybe because it's 05:30 AM ... I better shut up.
 
I saw Friday's move as Central Bank (Bank of China, etc.) sellers of $ and Treasuries. They needed liquidity to execute. I have no firm evidence of this however.
 
Quote from trade-ya1:

I'm a big buyer of EUR now. Also started setting some shorts in Treasury. I believe Central Banks are paring Treasury/Dollar positions.
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I expected some more downward probing pre - data release and FOMC - looks like you and others are betting on a worse than expected deficit number and Greenspan sticking to the orginal text. (I suppose a fair bet)
 
Just betting on the trend rather than a specific short-term event like tomorrow. Dollar is in the midst of a major down move here. Got to get in whenever you have opportunity.
 
I just entered my first real money position. Long at 43 after breaking the 40 level and retracing to that level (on the 5 min - 11:10 bar).

TP at 84 SL at 25. Or earlier TP before data.

Only 1000 units though :)
 
Where do you think the Euro/Dollar will go Trader-ya1? 1.3500, 1.4000? Do you see any risk of intervention by central banks at those levels that could halt a further uptrend?
 
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