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

[csaunders]

I'm going long from current levels - seems to be garnering some support here....

Lets see where it runs to - I'm looking for 1.2250 initially. Unless of course the Consumer Confidence comes out crazily strong - although these numbers impact in general seems to be dimmed lately as the trend is king.

I think the statement from the FED is still the hot item for the week and with momentum dying lately lets see if it is a tad more dovish, if not, then we could be heading lower sooner than later.

 

[Ivanovich]

Did you read your Jack today?

I did. I'm long on everything except Euro.

Long GBP
Long AUD
Long NZD

Gimme yield, baby!

 

[csaunders]

Quote from Ivanovich:

Did you read your Jack today?

I did. I'm long on everything except Euro.

Long GBP
Long AUD
Long NZD

Gimme yield, baby!

Yeah I read it - GBP long seem a good play it has built quite a base from which to launch - 3 hourly support needs to hold though. (I'm also long there)

AUD was just smacked down... not quite sure why?

 

[Ivanovich]

Because I believe the dollar is due for a correction - broadly based. And I want to hold on to the yield while I wait for it to happen.

I'm a patient man!

 

[sKaLpZ]

Quote from Ivanovich:

Because I believe the dollar is due for a correction - broadly based. And I want to hold on to the yield while I wait for it to happen.

I'm a patient man!

so you're saying we're headed up 4 or 500 points?

 

[illiquid]

What's the number of pips equivalent for the yield gained by holding AUD or GBP vs dollar, say over a week's time? What's the shorthand way of eyeballing that?

 

[Kastro_316]

AUD/USD took a dive. Quick question, are you long or short?

Thanks guys

 

[Ivanovich]

Long Aussie at around 7650.

And Skalpz, I don't know how many points, but I believe it's coming. I'm no oracle, though.

 

[Ivanovich]

Quote from illiquid:

What's the number of pips equivalent for the yield gained by holding AUD or GBP vs dollar, say over a week's time? What's the shorthand way of eyeballing that?

Here you go:

http://www.oanda.com/products/fxmath/interest.shtml

 

[illiquid]

Thanks for the link! So if I'm using this right, you're getting a little over 3 pips a week in holding AUD/USD? Be careful if CRB starts going down the toilet.