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PipTrapper commented Sep 13, 2011lumesh, that was a hypothetical example. I was not suggesting that they would. Read the whole post please.
Sarkozy spokesman says rejects report on Franco-German initiative
- PipTrapper commented Sep 13, 2011
The SP500 is making a nice bounce upwards. We will most likely see a daily close above 1.3720 on the EUR today.
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
US indexes are bouncing upwards. We will most likely see 1.3720 on the EUR before US close.
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
Always best to play it safe RodMca I am currently position neutral other than a USD/JPY long which I have been nursing for several weeks now. In the money with a trailing stop which may get triggered if BOJ does nothing this week.
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
It might. I didn't read the article but I do know that if the industrial production number comes out higher than expected, it may start a relief rally on the US equity indexes which may cause the EUR/USD to go up.
EUR/USD: Trading the European Industrial Production
- PipTrapper commented Sep 13, 2011
I don't believe it's in the cards. I believe it is more likely that the SP500 will finish the day with a good bounce thereby putting pressure on the USD and indirectly elevating the EUR/USD or at minimum stabilizing it at the current price. However, ...
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
It will (temporarily) rally all major JPY crosses simultaneously. Therefore USD/JPY and EUR/JPY will go up together making the move on EUR/USD more or less neutral.
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
Matters not. You may as well hold your short coz that's where it's likely going in the end. As a bonus, as soon as the EU year/year core CPI comes out less than expected on Thursday, The EUR will make a mad dash up to the next resistance level and ...
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
What I see on the EUR/USD daily chart is the formation of a bear flag. How far up it will go is unknown but my own technical analysis tells me that it will be between 1.3785 and 1.3985. So far it has reached 1.3720 which is a minor resistance line. ...
China Called On as Lender Amid Italy Crisis
- PipTrapper commented Sep 13, 2011
The Euro is technically currently oversold. When a financial instrument is oversold, any hint of good news, even if it is only a rumor, will ignite a buying frenzy especially when almost all the other financial instruments are just as distressed. ...
Sarkozy spokesman says rejects report on Franco-German initiative
- PipTrapper commented Sep 13, 2011
@tranco, In order for Eurobonds to work, the Eurozone countries will have to be federalized. That means a United States of Europe. Greece will no longer be a sovereign country. It will be a state of Europe transferring all national fiscal powers to ...
Trichet: Anticipate Satisfactory Troika Review For Greece
- PipTrapper commented Sep 12, 2011
I'm taking a break as we speak. Then I'm gonna short the euro/usd at 1.3785. Hopefully tomorrow sometime. Till then, it's jacuzzi time
When To Take a Break From Trading
- PipTrapper commented Sep 12, 2011
Cool. Kill a chicken for me while you're at it.
Observing some USD weakness across the board
- PipTrapper commented Sep 12, 2011
Learnin, Unless we become witness to a miracle (it could happen), it's only a matter of time before the euro tests this year's lows around 1.29 Sooner or later Greece will default, the banks will have to write down their losses, the equity markets ...
Observing some USD weakness across the board
- PipTrapper commented Sep 12, 2011
Learnin, I share AW's sentiment. Keep in mind though that these are volatile times and before entering any trade I strongly recommend that you map out your targets and stick to them. Use money management to pre determine how much you are willing to ...
Italy is in talks with China investment to buy bonds
- PipTrapper commented Sep 12, 2011
"as equity markets rally into the closing bell on wall street" Probably traders are covering their shorts from last week so it may be just a bounce. The problems are far from over.
Observing some USD weakness across the board
- PipTrapper commented Sep 12, 2011
It's probably because I prayed for the euro to rally so I can short the sucker again.
Observing some USD weakness across the board
- PipTrapper commented Sep 12, 2011
LearninForex, This was an unconfirmed rumor which caused all risk instruments (including stock markets) to spike up but then fizzled out. When the markets are fatigued from all the uncertainty and they don't know where to put their money, these ...
Italy is in talks with China investment to buy bonds
- PipTrapper commented Sep 12, 2011
In mid august I opened a short at 1.4250 and I carried it in a 300+pip loss position till the collapse started two weeks ago. I didn't lose money coz I held it but I think I lost a few years off my life.
Germany May be Ready to Surrender in Fight to Save Greece