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- Pipsforall replied Jan 12, 2012
Draghi saying all the right things so far, also seems he won't cut rates anytime soon, and is not going to print or expand money supply like Big Ben.
EURUSD
- Pipsforall replied Jan 12, 2012
With the weaker US econ numbers, QE talk that everyone dismissed yesterday should be back today, lol, that could be Euro positive.
EURUSD
- Pipsforall replied Jan 12, 2012
Yes, I'm listening to him, but the Euro sold off because the US economic numbers were weak, so it killed the futures and the risk-on trade for the time-being, not because of what Draghi has said.
EURUSD
- Pipsforall replied Jan 12, 2012
I'm kinda wide open now, I'm really hoping for a huge short covering rally that pushes us to 1.30, but I will be taking manual profit the whole way up. I think if we break 1.820 we definitely will hit 1.29.
EURUSD
- Pipsforall replied Jan 12, 2012
These guys time it perfectly, but the current sell-off is because a member of Merkel's coalition just said that Greece can't be saved and warned about it asking Germany and other EU members for more aid. I'm hoping the market digests this and ...
EURUSD
- Pipsforall replied Jan 12, 2012
Same guy who made the comment yesterday is using his tongue today, he's probably working in tandem with the Russian names that were told to be sellers at 1.2770. lol
EURUSD
- Pipsforall replied Jan 12, 2012
Spanish Auction Results: Spain Sold Euro9.98bln (Target Of Euro 4-5bln) Sold Euro 4.27 bln of new 4% July 2015, yield 3.384% , cover 1.8 Sold Euro 2.5 bln of 3.25% April 2016, yield 3.748% (vs 4.871) , cover 2.21 (vs 2.9) Sold Euro 3.21 bln of 4.25% ...
EURUSD
- Pipsforall replied Jan 12, 2012
If the yields prior to the auction are any indication, it should be the most successful auction they've had in quite some time. Just got a headline, "Good Spanish Auction."
EURUSD
- Pipsforall replied Jan 12, 2012
FRANKFURT (Dow Jones)--Banks' overnight deposits with the European Central Bank fell slightly Wednesday from Tuesday's all-time high but remained extremely elevated, reflecting ongoing tensions in interbank markets and excess liquidity in the ...
EURUSD
- Pipsforall replied Jan 12, 2012
Its been reported that the Spanish and Italian banks are actually starting to buy sovereign debt with the 1% 3 year loans they got from the ECB. Whether that is accurate reporting, well, time will tell. Also, possible that the ECB will announce a 10 ...
EURUSD
- Pipsforall replied Jan 12, 2012
I think the Euro ultimately goes to parity if not lower than the USD, but I think its moved to many handles to the downside to quick, another 7 pennies this month, wow, if that's possible.
EURUSD
- Pipsforall replied Jan 11, 2012
I don't think he can say anything that will be positive, the eurozone is in trouble, that said, I still think we we see 1.2975 before we see 1.2550.
EURUSD
- Pipsforall replied Jan 11, 2012
Who knows, that's what makes a market, those on the opposite side of a trade. I'm long right now, so I'm hoping for a continued move up, depends on what the Asians do tonight, the fact that the Euro is off the lows of the day and the DOW is flirting ...
EURUSD
- Pipsforall replied Jan 11, 2012
I'm long here, been trading this counter trend for a while, I'm hoping we formed a double bottom today. If the ECB doesn't lower tomorrow and show's no signs of QE, then I think there is a good chance we formed a temporary bottom and we get that run ...
EURUSD
- Pipsforall replied Jan 11, 2012
A real grindout right now, but not much follow through after the initial US Investment Bank dumping the Sterling/Fitch Euro comments induced sell-off this morning.
EURUSD