Forex Video Technical Update 8.17.2010 – Mixed USD Trading; Euro Firms while Pound SlidesFeatured \ \ 12:44 PM EST \ August 17th, 2010 |
|
The USD is in mixed trading today. The EUR/USD strengthened slightly while the GBP/USD slid, but still remains in consolidation. The USD/JPY is following our bullish count scenario so far and we will get a very important clue today. The USD/CAD is declining after testing resistance. Finally I will follow up on the EUR/GBP, which is in a strong pullback that is challenging my bearish outlook.
Help us grow and Share/Vote for this Post |
Get the latest updates from FXTimes |
| Post Was Recommended (0 votes) | |
 |
|---|
Why is this $EURCHF rally so significant? Video Update explains why. #chf #forex $
Today's #Video: $EURUSD and GBPUSD for #ECB and #BoE Decisions or EURGBP? http://t.co/XU2fMClk @DRodriguezFX $EURCHF has also broken a pattern of the last 2 months.. not regain the previous corrective high
.@JohnKicklighter Yes, retail trading crowds are often right at 'the' turn. Having a central bank to lend a hand also helps. $EURCHF
Just saw Eli walking his dog outside our building again. For the most popular dude in the western world he's hanging around a lot today Not necessarily a contrarian reading though when the SNB is threatening to dump francs...“@DRodriguezFX: Yes. Record number.” Yes. Record number. “@Vtechp: @DRodriguezFX Am I reading this right? Is there really a massive number of EUR/CHF longs?” What a joke. “@djfxtrader: Greek Socialist party spokesman says party chiefs may meet again later this evening.” Holy EURUSD sell-off and pullback. Dislike these hours for a reason; price can spike and pull back at a moment's notice. $EURUSD comes close to sliding back below 1.3200, but same lack of commitment as to the tentative Troika accord details leaded earlier. Clever hashtags abound! “@EconBizFin: What would be the cost of the #Grexit? (a Greek exit from the euro zone) http://t.co/iE0FQdgp” Big risk-off move in the after-hours, this looks the culprit “@FGoria: As expected, Greek TV saying no agreement today #Papandemonium”
Ahead of the BoE & ECB Announcements http://t.co/eZwu7iPi Tactically speaking #forex Talking EURCHF long entries w @robbooker. We're both staggering long entries above 1.20. I like 1.2050 personally; he's looking at 1.2025.
@DRodriguezFX that sounds great - I set up a grid last time too - thinking about 2025 as a starting point @robbooker last time I staggered limit entries every 15 pips below 1.2075. I'm thinking similar but starting below 1.2050 this time. “@cbhensel68: @robbooker I took 50 PIPS this one ... Nice!” // well done and great podcast talk today! Thanks! In other words: I closed my EURCHF long. Might buy again if we drop back towards SFr 1.20. I no longer feel compelled to hold onto this EURCHF long position. SSI is at a massive 19:1, I'd get back in at a lower price. Updated activity level gauge for the S&P 500. Implied and actual volatility continue to tumble. http://t.co/Xsm50VAy That 10 second range may be all we get from the NZD. Hard to deviate from the underlying current of risk appetite trends nowadays. Interesting mix. Improved jobless rate, weaker employment change. NZD clearly trying to work out whether positive or negative. Heads up kiwi traders we have New Zealand employment figures coming up in less than 4 minutes. Latest Premium Trades Ahead/After BoE, ECB (Premium Access) http://t.co/0HH8IPJH #forex
The blog owner requires users to be logged in to be able to vote for this post.
Alternatively, if you do not have an account yet you can create one here.
Powered by Vote It Up
Information and opinions contained on this page are for educational purposes only and do not constitute trading recommendations.
Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts.
