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

Quote from fandelem:

Are you referring to the BoJ not intervening at this time?
More...

I don't think that they will intervene this week, right before the G20 meeting. The last G7 statement referred to letting the market set exchange rates (aimed at China) and it would be too much of an in your face move. I think much of the action on the Euro today was position squaring to be flat before the G20 but I don't see anything new coming out of the meeting: the US has made it clear that they want to let the market decide exchange rates and China will not agree to speeding up the timetable to float the Yuan.

Cheers,

TRADERguy
 
I got heavier into the USDJPY on this last bounce. The EURUSD trade I see as more risky, but still probable - although it's roughly -4 now (because I had added a little earlier - I thought the position was very small initially).
 
Quote from Gringinho:

I got heavier into the USDJPY on this last bounce. The EURUSD trade I see as more risky, but still probable - although it's roughly -4 now (because I had added a little earlier - I thought the position was very small initially).
More...

It's times like these I wish I had more money.. I saw it back almost at 104.30 and wanted to buy but alas, I am fully extended ;o)

edit: does it mean when the spread suddenly becomes way more than 1 that they want to keep it from going in a certain direction ?
 
Quote from fandelem:

It's times like these I wish I had more money.. I saw it back almost at 104.30 and wanted to buy but alas, I am fully extended ;o)

edit: does it mean when the spread suddenly becomes way more than 1 that they want to keep it from going in a certain direction ?
More...

With the 6J CME future - it just means low participation - thin market.

... and you mean short at 104.30 or buy below 0.009600, right ? :)
 
Quote from Gringinho:

With the 6J CME future - it just means low participation - thin market.

... and you mean short at 104.30 or buy below 0.009600, right ? :)
More...

SHORT 104.30, yes!! ahh sorry. not much sleep lately. yes yes i've been in at around .009607...
 
Im trying to get the yen/dollar quote up on CQG can anyone help? Im able to pull up the euro but for some reason the yen is not coming up on my chart.
 
Right now I wouldn't like to have to sell JPY vs USD on 6J. There are a total of 6 contracts (1-1-1-3) over a total span of 13 ticks.
:D


edit: oops, missed those 18 contracts below that first 1 .. well, anyways - not a very thick market.
 
Quote from Urkel:

Im trying to get the yen/dollar quote up on CQG can anyone help? Im able to pull up the euro but for some reason the yen is not coming up on my chart.
More...

JYAZ4 --CME futures (if that doesn't work try JYZ4)

CEUSDJPY --EBS cash
 
I think that the first battle in the USDJPY will be around 104 tonight, with some importer-defending. It seems that US names also are seen capping around 104.50 - according to Thomson.
Well, the slow-dance is perhaps fading.

The EURJPY seems quite ready for some lower areas too, but perhaps it won't perform as good early in the session - perhaps better towards asian close - also spilling into somewhat stronger EURUSD.

Stop-runs in EURUSD are more probable on the upside than the downside given the size of today's move and the technicals upsets.

edit: Japanese economy minister Takenaka says he also sees lower USD over medium- to longer-term.
Earlier the finance minister Tanigaki said he was just watching the forex markets, and that the japanese economy was continuing strong growth.
 
You must log in or register to reply here.
Back
Top