Thanks for your posts today and yesterday. Always appreciate it when you decide to visit

EURUSD

Hey pawpaw nice to see you. Miss the old Clogster, I do..... She had very nice run last year and now we are paying for it. She's consolidating (prolly a bear flag on the monthy). Range trading time now in a 1200 pip range. Not so good if you hate ...

EURUSD

Are you sure? Because the FF calendar shows it at 20:00 for me (normally it's 21:00 for me but we just went of DST and the US hasn't) and my time is GMT+2 (now it's 10 am my time and it's 8 am GMT)

EURUSD

It's polite (and more credible) to quote the source guys...

EURUSD

Thanks

EURUSD

For the most part, I agree with gator. It's all there in the charts in advance if you know how to read them. (Look how the monthly engulfing bar in April predicted that the advance to parity had stalled) even while the fundamentalists were saying ...

EURUSD

True but it depends when, where and in what direction you enter. To me, it's short either way in the long term, because if they hike it's short and if they don't hike it's short after the equities effect kicks in (after a nice spike up). So I'm ...

EURUSD

In my opinion, what happened (happens) is that when you get a no-hike (dovish on hikes) FOMC statement, the first thing that happens is a knee jerk up reaction on the EuroUsd. Then the equities markets start to react to to the statement, and they go ...

EURUSD

I don't think so. The FOMC conference was a week before that on Sept 17th and the next time she spoke was on Sept 30, when she didn't say anything about the topic. As far as I know she hasn't spoken since then. So either it was someone else who said ...

EURUSD

Yeah, except for Yellen saying the following in a speech she made on September 24th I anticipate that it will likely be appropriate to raise the target range for the federal funds rate sometime later this year and to continue boosting short-term ...

EURUSD

Agree no hike = pair goes up and vice versa. I meant that it looks to me like Draghi made his comments expecting the Fed to be dovish (weak) about hiking, so that the EURO would be in a better position to withstand the resulting knee jerk up ...

EURUSD

I am beginning to suspect that Draghi's comments were coordinated, meant to drive the EURO lower to get it into a better position for when the Fed comes out with another no-hike/dovish statement, and that what we are seeing down here is accumulation ...

EURUSD

The resident doctor is on vacation...

EURUSD

Maybe not never, but not in our lifetimes. Like I said, look who joined it. What brought about the Euro was the Masastricht Treat, signed in 1992. What happened two years before that?

EURUSD

Partly intuition (also partly exaggerated for the sake of the joke. Maybe after all payment is electronic, Americans won't be so attached to the greenback.) But you have to consider who DID join the currency union and what they had to gain from ...

EURUSD

My guess is somebody who thinks Draghi's remarks were pre-coordinated with Yellen (in some discrete way) to offset the effect that will happen when the FED doesn't hike and comes out dovish again.....

EURUSD

Thanks! (I did) This reminds me of an old joke: Reagan, Thatcher and Gorbachev are talking to God. Reagan asks God: "God, tell me when the American people will be happy. God answers: Not for another 20 years. Reagan says " So it won't happen in my ...

EURUSD

Very good point. But can you actually see Americans agreeing to it?

EURUSD

I think that the goal of it is to give more advantages to 'equal' trading partners. By this I mean that when the US trades with China, it is at a big disadvantage because, among other things, Chinese employers don't have to provide health care, ...

EURUSD

Except that the lesson from the Greek example seems to be that being part of a currency union makes your economic problems worse, not better when your economy is in really bad shape, because it limits your policy options...

EURUSD