This is how risk management is performed. The portfolio manager looks at net currency exposure, the pairs are not important. If there is large short exposure to Euro then the exposure is reduced or hedged.

EURUSD

I was actually referring to this range, Blue line is the minor resistance:

EURUSD

I think EURUSD will be stuck in a range (look 4hr chart) unless there is a firm break above the resistance / support. I might try shorting EURUSD but I do not have an entry yet. Small tp, around +35 pips.

EURUSD

Good luck! I think the next leg will ne at opening of the Asian session.

USD/JPY Discussion

Yes and No. If the total amount of short trades to the Euro (currency pairs are not really relevant on terms of risk management) is EUR 30.0 billion and there is a concern for the Euro to strengthen (fundamental or technical, irrelevant why), these ...

EURUSD

$60 is a result of short covering and safe-haven. About JPY reacting to downgrade, before I'll answer, for how long have you been trading forex?

Only Gold!

Yes, that's the one.

EURUSD

In theory you are correct. I still think fresh money needs to come in to sustain medium-term gains. Bear in mind the ECB whether it will admit it or not wish to have a weak Euro to boost the economy (exports). I am not saying things will go there ...

EURUSD

Do you think the ECB will hint an expansion of the QE to sovereign bonds on Thursday?

EURUSD

I am perfectly aware, this is why I am interacting lol

EURUSD

I think the CFTC release the amount of contracts (buyers/sellers) in FX. You can use that as a good measurement tool. It is released every Friday.

EURUSD

I can't post any links here, I am sorry. But yes, it's all about getting the right information.

EURUSD

I am not aware of any ceiling, the SNB did not target a range, just a minimum exchange rate.

EUR/CHF

That what happens when many are shorting a currency. You think people that are short EURUSD will hold it forever? This was a mass short covering. The more people that are short, the bigger the short covering will be.

EURUSD

I think you are wrong there. Moody's downgraded Japan and pushed safe-haven flows into gold, which forced big short traders to cut down their trades, elevating the price even higher. Short covering in simple words.

Only Gold!

Japan were downgraded by Moody's and that's when the mess began everywhere. Lucky for me, I was short USDJPY. I was tempted to buy gold but my performance has been very poor in it lately so I let it go.

Oil and Natural Gas

Traders will refrain from taking big traders in EURUSD ahead of the ECB meeting. What we saw today is not new traders buying EURUSD but those that held a short trade in EURUSD are downsizing their short net exposure to the Euro, it is called short ...

EURUSD

I guess I was right about Gold...

Only Gold!

USDJPY technical strategy that gave an entry is ensuring USDJPY short trade is in over +60 pips at the time of this writing. The weakness was triggered by Moody's decision to downgrade Japan credit rating from A3 to A1.

DDMarkets.com (Digital Derivatives Market) Trade Alerts

I would stop looking for gains in USDJPY, it is over in my opinion.

USD/JPY Discussion