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

Quote from SethArb:

or cross rates ?

for example ... look at the yen and the
suisse today !

wow ... really strong ...

note ... I just made a 3 ticks fading a spike on a scalp in suisse

:p
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I read this on Thomson: " EUR/JPY fell and the talk of CNY revaluation could have the biggest impact
on this pair. With Asian currencies taking a bigger part of the Dollar decline,
EUR/JPY should fall sharply, and large stops are below 134.50. (TR) "

edit: does anyone know what symboles eur/jpy is for IB (globex)?
 
The most interesting thing about about the past few days has been that while there's been plenty of money to be made being short the dollar, long Euro and/or long the Pound weren't the ideal trading vehicles. I think cable and EUR/USD were pulled along for the ride, but I don't think they led it; just look at a chart of USD/JPY, USD/CHF, hell AUD/USD or NZD/USD. I'm not sure if this says anything meaningful or lasting, but for the time being, the Euro and Pound may very well be best avoided in favor of stronger currencies.

Just my opinion, which really doesn't mean that much.
 
do not have cross rate liquidity

for some reason ... only spot will do here
unless you want to create your own
legs with 1 side Euro and the othe side JPY
 
Quote from SethArb:

do not have cross rate liquidity

for some reason ... only spot will do here
unless you want to create your own
legs with 1 side Euro and the othe side JPY
More...

My apologies. I trade the spot market so I'm not "up" on the futures aspect of it.
 
Quote from SteveL91:

The most interesting thing about about the past few days has been that while there's been plenty of money to be made being short the dollar, long Euro and/or long the Pound weren't the ideal trading vehicles. I think cable and EUR/USD were pulled along for the ride, but I don't think they led it; just look at a chart of USD/JPY, USD/CHF, hell AUD/USD or NZD/USD. I'm not sure if this says anything meaningful or lasting, but for the time being, the Euro and Pound may very well be best avoided in favor of stronger currencies.

Just my opinion, which really doesn't mean that much.
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i must agree with you with the edit: AUD. Very strong move. I think the swiss is a mirror image of the euro, so in my opinon they are the same.

I only trade the euro, but am planning on trading the pound sometime soon. I like the pound better it's so much more volatile than the euro. :D
 
Quote from Gringinho:

Sure, because losing more than a normal day's gains is going to cost you. There are stop-limits to trades, and there are limits to daily losses as well.

It seems the USDJPY cross is more extreme than the "puny" jump for the €$. There has been increased focus, pressure on asian currencies towards the USD - ad maybe we will see more spillover which would put the € more into limbo.
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volatility is a good thing :D
 
Quote from Andy62279:

i must agree with you with the edit: AUD. Very strong move. I think the swiss is a mirror image of the euro, so in my opinon they are the same.

I only trade the euro, but am planning on trading the pound sometime soon. I like the pound better it's so much more volatile than the euro. :D
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I personally don't agree with the sentiment that the Franc is the mirror image of the Euro. I believe it's a fairly common opinion, but from what I've seen and traded, I don't tend to agree. Who knows. I admit I may very well be wrong, but that's the beauty of an opinion. :D

The pound is definitely volatile, but if you want real neck breaking volatility, try trading the GBP/JPY, EUR/AUD or EUR/CAD. I doubt they're liquid in the futures market, but they're sure fun to trade in the spot market! The biggest problem with trading those three is that even in the spot market, I suspect there isn't much liquidity which causes very wide spreads.
 
Quote from SteveL91:

I personally don't agree with the sentiment that the Franc is the mirror image of the Euro. I believe it's a fairly common opinion, but from what I've seen and traded, I don't tend to agree. Who knows. I admit I may very well be wrong, but that's the beauty of an opinion. :D

The pound is definitely volatile, but if you want real neck breaking volatility, try trading the GBP/JPY, EUR/AUD or EUR/CAD. I doubt they're liquid in the futures market, but they're sure fun to trade in the spot market! The biggest problem with trading those three is that even in the spot market, I suspect there isn't much liquidity which causes very wide spreads.
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I trade spot too. Yes, spreads are too wide for me. I'm being spoiled already with 3 pip spread on euro, and pounds 5 pip spread. Futures market definitely has its advantages, but I prefer the spot market.
 
Quote from SteveL91:

The pound is definitely volatile, but if you want real neck breaking volatility, try trading the GBP/JPY, EUR/AUD or EUR/CAD. I doubt they're liquid in the futures market, but they're sure fun to trade in the spot market! The biggest problem with trading those three is that even in the spot market, I suspect there isn't much liquidity which causes very wide spreads.
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There actually seems to be a mathematical reason for the wide spreads in the crosses. I came across this yesterday and although I haven't put in the effort to fully understand the math it comes from a reliable source. Check out the 4th post from the top.

http://www.moneytec.com/forums/_showthread/_threadid-11539/_s-
 
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