9 - 13 Nov News

Regarding ur comment frm last week post, I think if US perform bad, Euro & Pound will go down and Dollar will strengthen...

Do u know anything about why pound and maybe euro getting stronger this morning?
NFP news should not hv this kind of effect

maybe because of this news?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQWhy8AUKHNI&pos=2

Power to Pound?
http://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2009-11-06-2201-British_Pound_Could_See_Breakouts.html

Among important news this week...
(time stated according to our local time)

Mon(9/11)
Mostly Euro news at 3.00pm

Tue (10/11)
Euro German CPI 3.00pm

Wed (11/11)
few GBP news at 5.30pm
GBP BoE Querterly Inflation Report at 6.30pm

Thur (12/11)
Aud employment Change at 8.30am
Few Euro news at 6.00pm

Fri (13/11)
Euro German GDP at 3.00pm
Euro French GDP at 3.50pm
Euro Euro-Zone GDP at 6.00pm

I probably know for euro as in technical wise... not too sure about pound..

EU is breaking a triple top.

Maybe the currency pairs are getting "re-evaluated" for being undervalued..



Btw, I thought,

US bad economy = USD drops?

USD drops = EU strengthens?

As I know,

US bad economy -> USD strengthen -> stock market drop -> Euro & Pound drop -> Yen maybe strengthen as well

USD drop, not necessarily Euro will strengthen but it will look better than USD droping.

Euro & Pound getting stronger by the hour...
is it just because Monday trading... or new trend is forming?

last Monday if I'm not mistaken GJ went down to 145.7x then up to 148.xx

and today frm 149.2x climbing to 151.xx

Will it be possible to rally on this news:
http://www.bloomberg.com/apps/news?pid=20601087&sid=axQzdf9Rbyy0&pos=4

Analysts are betting EU to go down soon @ 1.4970

I think EU will touch 1.50 before head down... nothing solid to back this up... just my opinion...

GJ having tough time to break 151.50 level... but somehow managed to break 151.20 curse...
in my calculation, next level will be around 152.2x - 152.3x -> 153.4x

EUR/USD TECHS: Gains are stalling out by the 78.6% fib retrace off of the 1.5060-1.4625 move which comes in at 1.4970.

Stock rally because G-20 decision...
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_te85_hqWFM&pos=1

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9.ZzZW5rvEk&pos=2

maybe we'll see DJIA green tonight...
EU touch 1.50
GU touch 1.68
GJ touch 153.xx
EJ touch 136.xx

ha..ha...

or maybe I'm wrong... on price prediction...

somehow I still could not view my post in this topic...
I can't edit my previous post...

hmm... euro seems to have begun it's downward descent.. maybe the big players decided it's time to head down.

pm me your id and pass let me check what's wrong.

strange... everything seems fine.

Thanks for the checking...
I'll try again at home.. maybe it's because connection frm office...

Seems pound & euro ady tired running?

test at home, I can see my post & edit my prev post...
I guess it's office connection

ya... think the bulls have given up. haha

FOR NOW..

10 Nov 13:19:53 $GBPUSD DROPS OVER 100 PIPS IN LESS THAN 10 MINUTES AFTER RATINGS AGENCY FITCH SAYS UK IS MOST AT RISK OF LOSING "AAA" CREDIT RATING

5.30pm just now mostly news on GBP
and most important... GBP Bank of England Quarterly Inflation Report
at 6.30pm our time...

GJ spike more than 100pips down because of GBP inflation report:
http://www.bloomberg.com/apps/news?pid=20601087&sid=afUXytQPiJZE&pos=1

German GDP incoming..

Euro GDP figures at 3pm our time...
Did u see the estimated figures... all look optimistic

Euro German GDP at 3.00pm
Euro French GDP at 3.50pm
Euro Euro-Zone GDP at 6.00pm

Well, I sense this will be a very volatile period.. Expect extreme knee-jerk reactions...

Agreed...
Even GJ is trading in very tight range today...