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

chinook · Dec 8, 2004

Quote from Gringinho:

Tonight around Tokyo open it seems the december EuroFX contract has wider spreads while the march contract is tighter and trades more frequently.

The December contract still has little bit higher volume so far but probably March one will catch up later in the European session. So far volume is 5000/4400 Dec. leading.

Ivanovich · Dec 8, 2004

Quote from SethArb:

is ralliying ... hmm

gosh ...maybe the losses in the precious metals sector and in gold and silver today and tonight

are weighing on euro sentiment ?

Wheee...got me some nice profit on shorting my old friend the Aussie.

Ivanovich · Dec 8, 2004

I feel like I'm on a water slide.

OddTrader · Dec 8, 2004

Quote from Ivanovich:

I feel like I'm on a water slide.

For the last 9 hours, EURUSD lowered 1% but AUDUSD 2.2%!

Ivanovich · Dec 8, 2004

I know, and I've been shorting the whole damned time...

SteveL91 · Dec 8, 2004

Quote from OddTrader:

For the last 9 hours, EURUSD lowered 1% but AUDUSD 2.2%!

As far as I can tell, it's a combination of new USD strength as well as broad selling of the AUD, which has been getting hit across the board. Apparently, funds have been selling to book profits, according to the news plugin for RefcoFX.

OddTrader · Dec 8, 2004

Do you think AUDUSD would bounce upwards by say 0.5%?

Ivanovich · Dec 8, 2004

Everyone's dropping commodities too. Gold down $6. People booking profits at year end, obviously.

OddTrader · Dec 8, 2004

Quote from OddTrader:

Do you think AUDUSD would bounce upwards by say 0.5%?

Already up 0.5%.

goldensavage · Dec 8, 2004

.....could be some interesting levels next few days...short covering....FOMC 14th....AUD&CAD being talked down....10yr Tbill bouncing back...gold reversing.....Anyone like to put some numbers on it...say...gold 430+/-...Euro 1.3000/2950...AUD .7430+/-.... CAD 1.2450+/-.....any comments, reasons...