Tag Archives: EUR

#Eur rally could be short-lived due to squeeze top

rally could be short-lived due to squeeze top

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#Eur rally could be short-lived due to squeeze top

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#Eur call put for Delta without premium adjustment

call put for Delta without premium adjustment

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#Eur call put for Delta without premium adjustment

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#Eur call put for Delta without premium adjustment #options #trading

call put for Delta without premium adjustment

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#Eur call put for Delta without premium adjustment #options #trading

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I currently trade USD to Asians but want to trade simultaneously GBP and EUR to minor Asian currencies.

What system is best for tracking positions in multi currency? I currently trade USD to Asians but want to trade simultaneously GBP and EUR to minor Asian currencies.

 

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Your question is a little vague: do you mean accounting/back office system? Front office (trading GUI) system? You haven’t told what tools you use to trade, and how you currently manage the trading risk, so it is difficult to answer your question with so little understanding of your situation.

 

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EUR/USD dangling on the 100 Hour SMA bouncing up and down off of it for the last few hours. A break below should be off to the races #fx $$

EUR/USD dangling on the 100 Hour SMA bouncing up and down off of it for the last few hours. A break below should be off to the races #fx $$

 

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Perhaps..I have support between 30 & 40 across 6 timeframes that it will have to break first..Right now (and depending on price action at the time) I think I’d be more inclined to take a tentative long at those prices I mentioned – if we see it..

 

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A nice 102 pip move there from 1.3032 – chi ching! 🙂

 

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This was a Wave 4 support which I had between 1.3017-41. It’ll go up to around 1.3450-90 before it corrects for a little longer…

 

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If the pair breaks above 1.3231 then my stop loss will be executed from the overall bearish sentiment however, the pair has resistance at the 1.3200 level as tested!

 

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t still needs one more push higher but now seems to be restricted to somewhere between 1.3332 & 1.3404. The 1.3234 high was Wave (iii) and Wave (iv) at 1.3026. Even after this push higher I only see a relatively shallow correction (to the entire rally from 1.2623) and expect a move above 1.40. You’ll get your big move lower but it won’t start until mid-end March at least.

 

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see a bull flag in 240 mts. still may see 3420

 

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I believe stronger then expected job report pushed the pair down.

 

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The 1.3017-41 Wave (iv) support mentioned earlier held in a wide flat correction… and is on track for the target areas mentioned still looks to be somewhere between 1.3332 & 1.3384-04.

 

 

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EUR rallying is this a rally or just a pull back. Profit takers pushing it up so they can sell it still no legit good news out of EUR #fx

EUR rallying is this a rally or just a pull back. Profit takers pushing it up so they can sell it still no legit good news out of EUR #fx

 

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No real surprises from the European Central Bank and the Bank of England after their monetary policy sessions yesterday with markets getting a little more optimistic encouragement after successful bond auctions in Italy and Spain. Italy succeeded in selling €12bn of bills at 2.735%, half the rate of last month’s auction with Spain selling nearly €10bn, considerably more than expected, of three and four year bonds at the lowest levels for some months. There is a €4.75bn bond issue from Italy this morning for 2 and 6 years which again will be monitored closely. There will be a sense of cautious optimism within the Eurozone markets that the past actions of the ECB, including yesterday’s holding of Eurozone interest rates at 1%, are clearly starting to reap some benefits, with “Super Mario” Draghi in the press conference yesterday suggesting that the ECB’S provision of €489 longer term cheap funds to the European banks is “providing a substantial contribution to improving the funding situation of the banks thereby supporting financing conditions and confidence”. Enough clues I think from Draghi to support the view that there will be an easing of European monetary policy over the course of the year but also cautious words from the ECB’s President that debt issues and the restructuring of the economies as yet have not been fully resolved which will maintain the pressure on the future economic outlook and that downside risks remain in place.

US markets will be looking at this afternoon’s University of Michigan confidence report where expectations are that the level be at its highest in seven months.

Oil prices continue to see-saw on the back of Iranian tensions and the possible oil embargo sanctions, now I see possibly being delayed by the EU for six months, to be applied in purchasing oil from Iran. The crux of the problem is the replacement to Iran as a supplier of oil to Eurozone countries and the impact this I going to have on future pricing. So far the threat of closure of the Straits of Hormuz, the gateway for oil supplies, has not been carried out but it does remain a potential hot potato in the politically sensitive Middle East region. Some bizarre oil price predictions I am seeing being banded about with a range of $50 per barrel to $200 per barrel for the year. Now that’s what I call a range!!

The NIESR GDP report published yesterday afternoon showed UK growth in the fourth quarter of 0.1% and growth in 20111 at 1%, less than half of that seen in 2010. The ONS first estimates of fourth quarter GDP growth are due to be published on January 25th. UK data yesterday also showed a weaker performance in the industrial and manufacturing sectors with the day “nicely” rounded off with a weak assessment of the UK’s economic performance and outlook by the OECD.

The end of the week again with the Eurozone markets still taking centre stage but markets being distracted by Swiss Franc activity, Iran, corporate earnings and a slight decline in the dollar’s recent

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Many strategists see this rally as a correction from its steep fall. And when it does, consider using it as a funding currency. Here’s a video I posted about the euro.

http://bit.ly/AeCmJ7

 

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EUR rallying is this a rally or just a pull back. Profit takers pushing it up so they can sell it still no legit good news out of EUR #fx

EUR rallying is this a rally or just a pull back. Profit takers pushing it up so they can sell it still no legit good news out of EUR #fx

 

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No real surprises from the European Central Bank and the Bank of England after their monetary policy sessions yesterday with markets getting a little more optimistic encouragement after successful bond auctions in Italy and Spain. Italy succeeded in selling €12bn of bills at 2.735%, half the rate of last month’s auction with Spain selling nearly €10bn, considerably more than expected, of three and four year bonds at the lowest levels for some months. There is a €4.75bn bond issue from Italy this morning for 2 and 6 years which again will be monitored closely. There will be a sense of cautious optimism within the Eurozone markets that the past actions of the ECB, including yesterday’s holding of Eurozone interest rates at 1%, are clearly starting to reap some benefits, with “Super Mario” Draghi in the press conference yesterday suggesting that the ECB’S provision of €489 longer term cheap funds to the European banks is “providing a substantial contribution to improving the funding situation of the banks thereby supporting financing conditions and confidence”. Enough clues I think from Draghi to support the view that there will be an easing of European monetary policy over the course of the year but also cautious words from the ECB’s President that debt issues and the restructuring of the economies as yet have not been fully resolved which will maintain the pressure on the future economic outlook and that downside risks remain in place.
US markets will be looking at this afternoon’s University of Michigan confidence report where expectations are that the level be at its highest in seven months.
Oil prices continue to see-saw on the back of Iranian tensions and the possible oil embargo sanctions, now I see possibly being delayed by the EU for six months, to be applied in purchasing oil from Iran. The crux of the problem is the replacement to Iran as a supplier of oil to Eurozone countries and the impact this I going to have on future pricing. So far the threat of closure of the Straits of Hormuz, the gateway for oil supplies, has not been carried out but it does remain a potential hot potato in the politically sensitive Middle East region. Some bizarre oil price predictions I am seeing being banded about with a range of $50 per barrel to $200 per barrel for the year. Now that’s what I call a range!!
The NIESR GDP report published yesterday afternoon showed UK growth in the fourth quarter of 0.1% and growth in 20111 at 1%, less than half of that seen in 2010. The ONS first estimates of fourth quarter GDP growth are due to be published on January 25th. UK data yesterday also showed a weaker performance in the industrial and manufacturing sectors with the day “nicely” rounded off with a weak assessment of the UK’s economic performance and outlook by the OECD.
The end of the week again with the Eurozone markets still taking centre stage but markets being distracted by Swiss Franc activity, Iran, corporate earnings and a slight decline in the dollar’s recent gains.

 

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

EUR starting to show some pull back vs USD, resistance at 1.2815 area, we will see if it breaks up and goes bull or stays bear #fx $$ #forex

EUR starting to show some pull back vs USD, resistance at 1.2815 area, we will see if it breaks up and goes bull or stays bear #fx $$ #forex

 

How far do you see EUR pull back after break of 2815?

I doubt break of 2815 sets bull back in action. Market may look every rally as selling opportunity.

 

 

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