Nah. It was just noise in the end. I didn't react to the news but was just mildy amused when I saw a sudden decent sized green candle on the M5.

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I'm closing all my shorts. Going to call it a night. Not going to wait for it to breach 97 if it even challenges it today that is.

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Not sure what this means at all. Should be good according to the spike up.

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Interesting. A huge move before the US session and now the US session seems to have a slow grind up to retracement.

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Just what is going on? Obamacare ?

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Well, the crazy, pot smoking hippies would attribute it to the Illuminati and all that other crap hippies do when they don't work.

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Just the usual reaction to news from the US. When it comes to betting on US figures, it is always risky for risk currencies as fundies can interpret any numbers to be bull/bear. So it's just the market trying to decide how to react. Same thing ...

EURUSD

Now all we need is another Reuter's/Bloomberg article about Germany agreeing to Eurobonds for perfect short entries.

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Plus it is election year. Though I am no American, an economist friend of mine in America claims that during election year figures are usually "polished" a little. No idea how credible that is though.

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Overall, I am a bear for euro. At least til the jokers sort out their crap at the summit. But if you are talking about the US numbers, I am betting on good numbers.

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Short covering in preparation for US numbers.

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Oh..You would like that don't you? Just kidding. Making a speculative play on the UJ on better unemployment figures. Maybe Bernanke and Shirakawa buttsecks?

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Damn right they do. They are scripted programs and can be programmed to react to just about anything not just limited to price action or technicals. Hell they could even react to Merkel gets laid by Bernanke if you wanted them to.

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Added a short @47. Not going to over add and overexpose myself with US numbers due soon.

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This scenario has been played out so many times, that I think the only things that actually react to these news are not human traders but algos.

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Nein is the word of the day.

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Just recycling hope about Eurobonds. I shall wait for price consolidation before adding shorts again. Probably gonna let this trade become a swing trade instead of intraday position.

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It will happen when it happens. I've scaled in 2 shorts at 35 with SL pretty tight above 74. Down move better come before US numbers because I hate US numbers on risk currencies. May make a play on UJ for US numbers.

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A fiat currency system was never meant to be sustainable much less economies whose growth hinges on debt.

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Just get it from BGN website. It is delayed by abt 10mins or so but 25bps doesn't just instantly reverse within 10mins.

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