Yup, it's definitely a shakeout of bears. The pair just jumped 20-30pips despite lack of bearsh signal for USD from building permits, only for it to come down within minutes. I feel sorry for the poor traders who decided to scalp long right after ...

EURUSD

I hate reading FOMC. They tend to wind their speeches more than necessary. But then again, I guess I can't just expect them to say something simple like "yeah, we're feeling good about the economy"

EURUSD

Does anyone have any indication of how FOMC will turn out? Will it likely favor the dollar? Will it not? Honestly, that's the #1 question in my mind, considering its potential to butcher both the USD/JPY and EUR/USD

EURUSD

Hey tyrant, what do you think the FOMC would do? Bit of a toss up for me at the moment whether FOMC would favor USD. I'm also expecting a small dip in EUR/USD from current prices when the FOMC occurs. What do you think?

EURUSD

Very simple answer: Short term (daily~couple weeks): Probably bullish (correction). Possible resumption of bearish momentum depending on FOMC Long term: 100% Bearish until price goes within the 1.22 mark. After that, there's a chance it might go ...

EURUSD

That's because the market is in a correction. Basically, the price moved too far down for the liking of market movers (especially the E.U.), so we're seeing a temporary rise in EUR/USD. It's still guaranteed to fall to the 1.22 levels, but the ...

EURUSD

Here's an alternate version that's been going on ever since the USD/JPY has been becoming "overbought" since 2011 image Note: The USD/JPY has been pulling up continuously for the past 3 years due to good fundamentals, save for corrections. ...

EURUSD

It doesn't look good on economy on paper. Loss of currency value= not very popular. You'd be surprised to see the effect of appearance and ego on forex; on Black Wednesday in 1992, the British pound sterling finally crashed, allowing the infamous ...

EURUSD

The price just REFUSES to move below 1.2500 right now.....and it's been like this for the past few hours. I wonder what would happen to my shorts if I leave my computer for the next 3 hours.......Mmmm. If we do keep bouncing on the 1.2500+ area, ...

EURUSD

Ah. Sorry about that There's two reasons: it's listed as tentative (so im partly guessing), and I'm looking at it from my time zone. By Tokyo time, I guess you'd be right.

USD/JPY Discussion

Anyone think the GBP/JPY will test the 183.00/.30 levels before Wednesday? I have a small long poised for intraday profit. It'd be a shame to earn $0 during the morning trading times, when market is most volatile.

USD/JPY Discussion

The only day you need to know for trading the USD/JPY this week: WEDNESDAY. We're seeing a press conference from Bank of Japan and a meeting from U.S. FOMC. Those two will move markets for sure. I'd say that the press conference of the BOJ would ...

USD/JPY Discussion

I get the feeling we won't make any significant breaches of supports OR resistance. Seeing as how the market doesn't want to move in any particular direction, the FOMC meeting tomorrow will be the do-or-die moment for bulls. Probably the market ...

Geppy's Geppy Thread (GBP/JPY)

Traders and investors are likely looking for the FOMC meeting on Wednesday before making any decisions about the dollar. They're probably worried about the dollar performing to its highest point in a few years (USD/JPY, USD/EUR, etc.). If FOMC=good, ...

EURUSD

Quite possible. With poor bulls being suckered in by the news, I wouldn't put it out of possibility. .....But what do you think will happen AFTER? With overwhelmingly positive data from German ZEW, why didn't we see a massive spike? Why does it ...

EURUSD

Do you honestly think that? No, in the next 4 hours, I see a decline for the EUR/USD (provided of course, US data doesn't sink the value of the dollar). the ZEW is basically a survey of some 300+ economists and analysts who pitch their opinions ...

EURUSD

The dollar isn't just long. The dollar is KING, at least for the next few weeks and months. The major pairs are in for continued bullish phase for the dollar-the yen, the euro, the pound; it doesn't matter. I'm only worried about the corrections; I ...

USD/JPY Discussion

Doubt it. This is a correction, nothing more. Overall outlook is still bearish. With U.S. data above expectations, the dollar profit taking has been dampened. Or are you being sarcastic?

EURUSD

This best expresses my emotions when I saw the news report for Japan today. image Corrections. Enough said.

USD/JPY Discussion

Probably will be bearish for the USD until Monday morning comes and New York wakes up. Oh, and Draghi's little speech about the Euro could move the USD. Still, I'm not worried, even with risking higher percentages of my account. Unless, of course, ...

USD/JPY Discussion