Chinook's EUR/USD (E/$)Mumblings
- Thread starter chinook
- Start date
Here's a chart showing the USD/EUR exchange rate beside the S&P500 price chart.
Does this chart show that all the gains in the S&P 500 over the past year are entirely based upon USD currency manipulation by the fed's control of interest rates?
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1y&l=on&z=l&q=c&c=spy
Does this chart show that all the gains in the S&P 500 over the past year are entirely based upon USD currency manipulation by the fed's control of interest rates?
http://finance.yahoo.com/q/bc?s=EURUSD=X&t=1y&l=on&z=l&q=c&c=spy
Chinook, where are you? Do you still daytrade or only automatic trades now? 
I don't think my long bias was such a good idea, switched to short ... or maybe I should take no bias, but that would be VERY difficult.
I see the EUR dropping to the 50% retracement at 2710.
I don't think my long bias was such a good idea, switched to short ... or maybe I should take no bias, but that would be VERY difficult.
I see the EUR dropping to the 50% retracement at 2710.
TradingWise,
I've been frantically testing systems and writing software for trading automation
I'm only daytrading as usual but the trades are now automated. TS + my IB interface software handles the trades. While they are running during the day, I'm either adding to my interface code or doing light system testing.This is why I've been very quiet lately. I'm just about done with the interface code so I'll have time to mumble soon
I've been frantically testing systems and writing software for trading automation
I'm only daytrading as usual but the trades are now automated. TS + my IB interface software handles the trades. While they are running during the day, I'm either adding to my interface code or doing light system testing.This is why I've been very quiet lately. I'm just about done with the interface code so I'll have time to mumble soon
caught short ... lost my weeks profits
comments about china attending G7 hitting the wires might have
done it ( these comments have been on and off
for a few days I think )
-Yen Rises After Report China to Discuss Yuan Peg at G-7 Meeting Next Week-
earlier today the headline was this ...
-The yen yesterday had its biggest decline in three weeks after the head of China's National Bureau of Statistics said in an interview with Reuters that the time isn't right to alter the yuan's decade-old peg to the dollar.-
comments about china attending G7 hitting the wires might have
done it ( these comments have been on and off
for a few days I think )
-Yen Rises After Report China to Discuss Yuan Peg at G-7 Meeting Next Week-
earlier today the headline was this ...
-The yen yesterday had its biggest decline in three weeks after the head of China's National Bureau of Statistics said in an interview with Reuters that the time isn't right to alter the yuan's decade-old peg to the dollar.-
If the Chinese and the other Asian countries let their currencies appreciate, then wouldn't it take the pressure off of the Euro...i.e., Euro should weaken relative to USD, right? I'm confused with today's rally in the EURUSD contributed to China attending G7...or am I totally off base?
Edit1:
It seems today's rally in the Euro is attributed to stonger than expected data from Germany...
"LONDON (AFX) - The euro regained some ground against the dollar after stronger-than-expected economic data from Germany, the euro zone's largest economy.
The Ifo Institute said its business climate index rose to 96.4 in January from 96.2 in December, slightly better than expectations but a marked improvement on some of the rumours in the market ahead of the data."
Made 50 pip going long today