Contra's FX Journal

Mideast seen buying again above 1.2550
German name big buyer of euro/crosses
Euro sees gains of 0.35-0.45 pct vs commodity currencies
Russian names also in the mix of big EUR/USD_buyers (1.2530-40)
Finland to Back Bailouts Needed to Save Euro, Katainen, BBG


lol hello 2600...
 
Quote from JuniorCTA:

bid @ 10270 Aussie futures

euraud looks toppy, want to see this trading above 1.0350s by tomorrow (hopefully)


out 10322 fut


i am in buying dips mode; audusd, eurusd, shit even crude oil
 
All in all, nothing new at all really today from the Beard I assume? shocking...

"Germany's central bank head Jens Weidmann has never threatened to resign his post over his disagreement with the European Central Bank's anticrisis policies, according to a Bundesbank source, refuting speculation in Germany's largest newspaper that he weighed quitting."
 
crazy, was watching aussie futures earlier, someone kept offering, over and over and over x5000

i am assuming it was a iceberg stop. market didn't move down at all and market kept lifting the plentiful amount of offers hitting the book


if its not trading 10425+ by EOW I will be amazed
 
Quote from JuniorCTA:

crazy, was watching aussie futures earlier, someone kept offering, over and over and over x5000

i am assuming it was a iceberg stop. market didn't move down at all and market kept lifting the plentiful amount of offers hitting the book


if its not trading 10425+ by EOW I will be amazed

there were reported decent sized barriers here at 0225 and 0200 of course on spot AUD/USD (0220 being the 38.2 fib) I don't play that fib. If I see a nice daily reversal here, I will look to enter. There are usually decent sized defense stops just beyond them if they are being defended. There is also the July 24th daily low at 0172 so around here would be a decent spot for a low risk entry if you get a signal.

I have been trading EUR/AUD, she has done me no wrong this year and as a matter of fact is my main bitch, without her my year wouldn't be half as good.
 
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