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

Seems like we're fanning out here with some greater ranges. Thinning action and upcoming US RTH session will see more of that profit-taking, and volatility it seems.

Jamie Coleman at Thomson will start talking about jawboning from the US again, and remember som more Fed district bank president speakers too (11 EST and 17 est).

Reluctant action towards 1.3050 barriers will pull into question the seriousness of the 1.3000 level.
Also remember the solitude of this move - the QM oil futures are still on multi-week lows, but it's obviously not being pegged here.
 
Not very broad based range whipping for the numbers release today. May we get time-based reactions to things like US 6E RTH start, equity open , european close etc. ?

Still quite thin action considering fairly mainstream numbers release.
 
Quote from Gringinho:

Not very broad based range whipping for the numbers release today. May we get time-based reactions to things like US 6E RTH start, equity open , european close etc. ?

Still quite thin action considering fairly mainstream numbers release.
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Where do you think the market is going, test to 50?
 
Thomson reports:

"[15:22 EUR/USD: Crosses, US Equities helping Spark Correction] Boston, November
17: EUR/USD is easing back into the low 1.30teens, weighed down by selling of
EUR/JPY as well as profit-taking linked to the sizeable rally this morning in US
equities. Also eyed are the US oil inventory data, due in about 10 minutes. A
modest build of about 1 bln barrels is expected.
Support is seen in the 1.2995/1.3005 region on dips with small stops scattered
between 1.2980 and 90. "

Oil, I assume, if surplus is more, would make the EUR rise, no?
 
I think it'll hit 1.2995 before it hits 1.3100, but what do I know I'm short hopeful thinking :p I'll go long if it sharply goes down on news.
 
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