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6EforMe commented Oct 22, 2017Just sounds like an internal political fight for better negotiating power, not sure why this would make the Euro do anything. There isn't a call for actual independence or anyone saying negative Euro things.
Italians vote in autonomy referendums in shadow of Catalonia crisis
- 6EforMe commented Oct 21, 2017
I hope the EUR/USD finally decides to move out of this tight range, but every time someone has called for the Euro to fall over the past year they have been wrong. It is time to confirm or invalidate the H&S. I wouldn’t mind a confirmation since ...
Catalonia's leaders fight off direct rule from Madrid
- 6EforMe replied Oct 20, 2017
Bulls can’t get it over 1.1880, bears can’t event attempt a test of 1.1670. Here we are sitting in the middle again, maybe the big players waiting for next week to decide on the next move. I don’t see anything meaningful in this week’s trading. If ...
EURUSD
- 6EforMe commented Oct 19, 2017
No, this should make the dollar go down, which is what it is doing. The market was afraid it might be Taylor who is hawkish, Powell is not a hawk, so dollar down.
Trump leaning toward Powell for Fed chair, officials say
- 6EforMe replied Oct 19, 2017
Catalan news is seen as a positive, not negative. It would take something unexpected to happen over there for it to turn negative. We had a very significant number of negative news events since last week, and the Euro has ignored it all. Economic ...
EURUSD
- 6EforMe replied Oct 17, 2017
Unless I am missing something, which is entirely possible, we have 4 big things going on with the 1660-70 area. A double bottom, testing it brings a possible triple bottom. The first Fib level measured from the yearly low to the yearly high. The ...
EURUSD
- 6EforMe replied Oct 17, 2017
Same thing I am waiting for, but don’t know if we will make it down there. We spent all of about one second at that last low during the employment report, it makes sense to test the area again to make sure it is support. If the support fails I would ...
EURUSD
- 6EforMe replied Oct 16, 2017
Hmm, seems like it either bounces before the 1.660-70 support, or it confirms the H&S with a target below 1.15. Can I ask why you think 1.16 would be the support area if we do go down?
EURUSD
- 6EforMe commented Oct 16, 2017
From what I read Taylor is a bit of a hawk, but I can't imagine Trump actually nominating anyone who says they are going to be hawkish. Trump has said many times he wants a loose policy.
Taylor Impresses Trump for Fed Chairman, Warsh Slips, Sources Say
- 6EforMe replied Oct 16, 2017
There were two dovish ECB speeches, Yellen was a little hawkish, Catalonia is still an issue, and the Empire State was good. All of those things say EUR/USD goes down, right? Except it isn’t going down, so everything mentioned is already priced in ...
EURUSD
- 6EforMe commented Oct 15, 2017
You are exactly correct, there will absolutely, positively, definitely be a rate hike, unless there isn’t.
Yellen sounds upbeat on economy, signaling likely rate hike
- 6EforMe replied Oct 15, 2017
If it breaks 1.17 then the H&S looks confirmed and it should go lower, but if it breaks 1.19 I would think it is invalidated so it should cause it to keep going. Between 1.17 and 1.19? I have no idea, seems like it ignores most “news” and just does ...
EURUSD
- 6EforMe replied Oct 15, 2017
Hello everyone. Been reading here for many years, but decided to join, guess I am a bit bored waiting for the open today. I don’t post anywhere much, but just wanted to say hello to everyone. Been trading a few decades, but as an old guy now, I just ...
EURUSD
- 6EforMe commented Oct 15, 2017
I read through the speech, and while it was not hawkish, it definitely was not dovish at all. Since she has normally been quite dovish, this speech should be taken as a little hawkish by the market. Maybe I'm missing somthing, but I see Yellen a bit ...
Yellen: The U.S. Economy and Monetary Policy
- 6EforMe commented Oct 15, 2017
"Yet, this return remains conditional on a very substantial degree of monetary accommodation." Another ECB dovish speech maybe? Is he and Draghi trying to talk down the Euro? What do you guys think?
Constâncio: Growth in a more resilient Euro area