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montmorency
(Abingdon, United Kingdom)
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 25, 2010 11:05
In Thread: EUR
Is all this suggesting more volatility in the Euro as the stress test results are picked through and deconstructed? Waves of alternating pessimism and (probably false) optimism?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 23, 2010 14:44
In Thread: EUR
As we anticipate the results, I feel we are spectators in a drama, maybe even participants.
But is it tragedy, comedy, or farce? Or maybe pantomime. Who is the fairy godmother, and who is the pantomime villain?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 23, 2010 14:34
In Thread: GBP
Could do anything at this particular point I think. Let's get the stress test results out of the way and then see what happens.

Meanwhile, Catnip has timed his short pretty well. +~60 pips at time of writing.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 23, 2010 10:35
In Thread: EUR
IMT @July 23, 2010 08:49 GMT
"EURUSD, GBPUSD and GBPJPY breaking last nights IMT targets."
IMT@July 22, 2010 23:52 GMT
"EURUSD ooking for fresh attempt towards $1.2970."

Not to quibble :-) but EUR/USD did not quite meet 1.2970. (1.2965 on my chart; rolling daily). Still, close, so not bad :-)

Currently in retreat, so we'll have to see how it gets on with $1.3020.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 22, 2010 23:20
In Thread: EUR
@Ashraf: spot on with 1.2930 today (high of 1.2932 on my chart); kudos.
Hope 1.31xx also achieved (but I know trading is not about hope, etc).
It's looking achievable anyway.

Guesstimate of 1.3150 max.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 21, 2010 19:49
In Thread: EUR
"#euro dropping across board; $EURUSD nearing key support of 1.2770. might see possible retreat here b4renewed gains when bernanke speaks about 8 hours ago via TweetDeck "

19:43 BST EUR/USD 1.2755-1.2756.

I guess he said something unexpected.
http://www.bloomberg.com/news/2010-07-21/bernanke-says-fed-is-prepared-to-act-as-needed-to-aid-u-s-economic-growth.html

"Bernanke Says Fed Prepared to Act as Needed to Aid U.S. Growth"

"Bernanke didnt elaborate on steps the Fed might take as he affirmed the Feds policy of keeping rates low for an extended period.

Also mentioned lower inflation.

hmm.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 21, 2010 11:02
In Thread: EUR
So, why is the Euro selling off at this point?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 21, 2010 8:42
In Thread: GBP
Down with a bang around 8AM BST, then back up. Similar on EUR/USD, to smaller extent.
Any ideas why?
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 22:42
In Thread: EUR
http://www.bbc.co.uk/news/business-10683913

"'Crisis? What crisis?' says euro architect"
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jul 20, 2010 22:27
In Thread: GBP
Thoughts on cable at this point? I was convinced it was going to keep falling for a bit longer today, so the V bounce took me by surprised. Anyone think it's going to bounce back in the other direction (from ~1.53) again?
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