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

It has been a very boring night, but I thought we would see some action back on pressure of BOJ, or some more official statements showing they were taking measures asap. More hazy talk and no good short USDJPY opportunities, just more USD weakness.

2 scalps on EURUSD, but it was like watching someone build a monument with specks of sand ...
The marketmaker made sure noone would get a lot out of scalping - just holding a stranglehold, so it was only small change to get.

Keeping spreads wide sure is a wet blanket. Now the european sesson is set to start in London in 35 mins, but I'm just to tired. No very good action on USDJPY, but seemed a little "friendlier" than the EURUSD which seemed to only want to stay close to the ATH for a possible chance at getting some runs on stops on this upcoming session.

At least I got to watch a film and some news.

Shot down, but only 15 ticks on EuroFX ... It's down 10 ticks from ATH now.
EURJPY has some better moves, though. And USDJPY not too bad.

edit: I'm going to get myself a genuine voodoo-doll for that marketmaker for him stopping those 5 tick wide spreads like that, and some rusty nails and needles ... :D
 
Spot moves ok, but I don't see that marketmaker getting hit, so he'll probably need that voodoo-tratment anyhow. :)

Maybe he's just too fast - faster than his own shadow - yes, Lucky Luke. :D

edit: went short on spot demo account - it could need a boost - but pretty dangerous in mid 70s ... The 1.32 barriers are awfully close, although the USD is compromising world-wide growth to spur US growth and finance deficit. Well, world taxpayers agreed to finance $ 80bn of the Iraq war or US spending by giving back debt ... so what does the world equity markets matter.

Aww, my die-hard ultra-hardcore capitalist friends who said gold is the only true standard ... if I had moved my money into gold some years back ... :)
A lot of good can be said of all the financial critique directed from www.capitalsimmagazine.com / www.capmag.com ...
Better catch up on "Gold and Liberty" by Richard M. Salsman .
 
EURUSD is quite scary, it's this one big ruffian - and there are absolutely noone of size hitting his bid .. He just feeds of all the small hits and is pressuring them upwards. It's almost comical.

I am still waiting for some signal to get in, because it got a lot more interesting, but there is no hurry yet.

edit: he removed his 200+ lot now, but I think he's still there, so it's just to watch out for him entering again - but look out for spoofing and baiting in these thin markets.

edit2: well, either that or he's on the ask side briefly. I think this almost looks like how the ES was trading earlier, not a lot of good opportunities, unless you get into a position - but at these levels I have not got a clue of intermediate direction. We're so close to 1.32 and there is absolutely no resistance above ... barriers-merdiers .. I think they consider it money lost already. :) At least their "defense" can't be seen reflected in the futures.
 
1.3202 and german IFO business confidence numbers that sucked below low expectations. 30 minutes before - the italian business confidence also disappointed. Looks like the EU is getting hit hard, and exporters will bear the brunt.

That ruffian came back from storming it down with the 200+ lot when 1.32 was breached and getting back in at mid 1.3180s ... with the lot.
Looks like it's best to watch out for that one still.

Loved the remark on Bloomberg UK - "no new euro-record in the last 5 minutes ..." :D

edit2: looks like the switcharoo on mid 80s ...
 
Heh...Bloomberg. Speaking of which, I'm taking suggestions and then emailing them to various news sites: Different, new and innovative ways to headline that the dollar is going lower. Overused ones thus far:

"Dollar hits fresh multi-year lows."

"No help for dollar from data."

"Dollar slides on fears."

"Fresh dollar selling across the board."

It's getting rather stale!

Gring, who was the "rough guy" you're talking about?
 
Japanese offers cap the Yen rise according to Thomson, and perhaps the inability of the EU to stem the Euro will be the theme for the rest of the day and week. It isn't getting any support from traders, and still looks like a deer in US headlights. :D

Too bad EU corporations had not hedged in general, because this will really hurt them. :)

The company I worked in moved into a USD based reporting of earnings a few years ago, and are involved in a massive stock buy back scheme .. but it does not look to good for them - even if they are a true multinational company, they still have most of their sales in the US. Too bad about those record high wages I negotiated for everyone from my firm .. no, not really .. well, too bad for the company though :)
 
Quote from Ivanovich:

...
Gring, who was the "rough guy" you're talking about?
More...

Just some big player pushing trading for what it was worth, capping on futures - on bid - then on ask, and then the switcharoo all over again.

It's just to be expected on a thin day.

I don't have a Globex terminal, so I don't know who it is.

edit: trading needs to be done carefully though; I just saw how a 20-30-ish bait got hit and that big white shark popped back there with 200+ to scare the light out of whoever hit that one - and driving it towards the top again. I'm not getting into that bath-tub with him ... no way.
Better get them with voodoo-dolls. :)
 
You must log in or register to reply here.
Back
Top