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

Quote from chinook:

Indeed. I'm trying to play both sides but longs have been very aggressive. Shorts also started hurting me. Well, I'm giving the short side one more try here.
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I'm outta this spaghetti a little.

Thomson complains:
"Until further notice all US economic data is to be read bearishly for the USD. Doesn't matter what the data says, the specs are going to sell the buck until they find buyers..."

That Jamie Coleman is the most biased commenter on that news service. I'm not saying I'm unbiased though - but I'm not writing "news articles" or comments for a professional, commercial investor news service.
:D

That guy is just a little more "opinionated" in his comments, less factual, sticking to facts, rumours than the others it seems.
 
Quote from Gringinho:

Interestingly the comments are not all negative - e.g as the austrian minister .

Also, let's hear what the Fed district bank presidents has to say today and tomorrow. One spoke 08:45 EST already - but saw no notices on that one; TIC was in focus.
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What did the Austrian minister say and when did he say it?

I briefly saw the 8:45 headline on Bloomberg TV and it was something about how inflation was moderate, or was going to continue to be under control, or something to that effect.
 
Quote from Gringinho:

I'm outta this spaghetti a little.

Thomson complains:
"Until further notice all US economic data is to be read bearishly for the USD. Doesn't matter what the data says, the specs are going to sell the buck until they find buyers..."

That Jamie Coleman is the most biased commentary on that news service. I'm not saying I'm unbiased though - but I'm not writing "news articles" or comments for a professional, commercial investor news service.
:D

That guy is just a little more "opinionated" in his comments, less factual, sticking to facts, rumours than the others it seems.
More...

You like going over all of the news, reports and come up with nice commentary. You should start your own web site. If you get 100 subscribers for $100/month, that's 120k risk free/year :)
 
Thomson reports: "15:08 EUR/USD: Moskow Calls Current Account 'Unsustainable'] Boston, November
16: EUR/USD has bounced back to the 1.2960s, goosed by comments from Chicago Fed
president Moskow that the US current account is unsustainable and must come down
over time. He notes sluggish growth in Europe and Japan and urges more US
savings. Other Fed members have been blunter in their jawboning down the dollar
than these comments, but taken in the context of the September FOMC minutes, the
Fed is clearly concerned and sees a dollar decline a one road to better balance
in the current account. Europe, unfortunately for them, bears the brunt of the
adjustment owing to pegs and quasi pegs in Asia.
1.3000/10 remains the near-term stumbling block while 1.2920 is support. --"
 
Quote from TRADERguy:

What did the Austrian minister say and when did he say it?

I briefly saw the 8:45 headline on Bloomberg TV and it was something about how inflation was moderate, or was going to continue to be under control, or something to that effect.
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Well, what I remember was that he said that markets should decide foreign exchange pricing themselves.
 
Quote from chinook:

Well if this downdraft gets bought again, I'll puke my lungs out. Anyway, I parked little bit better than breakeven and waiting here.
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There is a large 1.3000 options expiry tomorrow - consider that a fore-warning. :)

Sometimes writing is fun, but it's better to be free from having to write. Besides, would YOU pay $100 to read my comments ?
:D
 
Quote from Gringinho:

There is a large 1.3000 options expiry tomorrow - consider that a fore-warning. :)
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1.3000 options expiry tomorrow meaning people say EUR will not hit 1.3000 or EUR will hit 1.3000? I always mixed that up.
 
Quote from fandelem:

1.3000 options expiry tomorrow meaning people say EUR will not hit 1.3000 or EUR will hit 1.3000? I always mixed that up.
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Well, some will try and break above to get their side of the prize, while others will try to defend - not letting it break above - to claim their prize on the options.
Remember - options are "prenegotiated prices".
 
Quote from Gringinho:

Well, some will try and break above to get their side of the prize, while others will try to defend - not letting it break above - to claim their prize on the options.
Remember - options are "prenegotiated prices".
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So when Thomson reports a 1.3000 plain-vanilla strike rolling off Wednesday, you really do not know if it means to keep away from 1.3000 or touch/surpass...

although when they mention the one-touch @ 1.3100 i am assuming that implies it will need to touch that mark to get the 12M..
 
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