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

Quote from Ivanovich:

Forex is traded throughout the world. Not everyone celebrates the US Memorial Day.

Therefore: The FOREX market will be open normal times, but rather lightly traded.
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thanks... i ask because some u.s. fx dealers are closed for certain holidays.
 
Quote from csaunders:

Hi Ivan - I'm not so sure the French vote will have large impact - either way I think it will be EUR positive - as you said elsewhere well priced in anyway.

Next week should be a hunt for those short the EUR before NFP breaks Fri.

If EUR does break 1.26 we should see 1.27-2730 where I can finally try and add to my EURUSD shorts. Although willl have to watch carefully... it might probe higher still.

Have a "lekker" weekend
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CS - agree. It's priced in. But trust me, it's also not priced in. If the French vote no, at first little will happen because it's been expected somewhat. Then people will think more about the consequences of it and the bad feeling will persist. That's all I mean. The market won't just discount it like it does a bad number.
 
Quote from Ivanovich:

CS - agree. It's priced in. But trust me, it's also not priced in. If the French vote no, at first little will happen because it's been expected somewhat. Then people will think more about the consequences of it and the bad feeling will persist. That's all I mean. The market won't just discount it like it does a bad number.
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Yup Ivan - I see what you mean - this probably will have long term implications.

I might just have to be more patient to find a new shorting opportunity. Lets see what transpires...
 
Quote from Ivanovich:

CS - agree. It's priced in. But trust me, it's also not priced in. If the French vote no, at first little will happen because it's been expected somewhat. Then people will think more about the consequences of it and the bad feeling will persist. That's all I mean. The market won't just discount it like it does a bad number.
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That's the thing, i think a "YES" would be the bad thing. I don't get the markets seeing "no" as bad...
 
Well, it did. The overall "no" isn't the big downer, but the strength in which the "no" was given. That, and a perception of how abyssmal everything in the EU is now, from an economic and political perspective.
 
well, wtf?? I see ZERO-impact.

and I don't think I'm seeing things.

fxs
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Well look a bit closer then, or get new glasses. The EUR opened at 1.2580 after staging a short covering comeback late Friday (instead of dropping heavily like it had the last few Fridays). Now it's flirting with breaching 1.2510. a 60 or so pip drop since opening is not what I'd call ZERO. It's SIXTY.

Maybe they count different where you're from.
 
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