Fx 2009

EURJPY has nose-dived by over 400 pips in just over an hour.
(from 116.70-ish to 112.42 now)

whats going on?

I missed it, as I was trading GBPUSD and EURUSD.

trendie said:

EURJPY has nose-dived by over 400 pips in just over an hour.
(from 116.70-ish to 112.42 now)

whats going on?

I missed it, as I was trading GBPUSD and EURUSD.

Click to expand...

Apparently caused by options expiry. Lovely.

good opp for an inverted H&S...

Will the pound bounce against greenback?
There is 7 year low @ 1.3680.
After that Hiroshima and Nagasaki could happen to pound.
I do not see any serious support at monthly chart all the way down to 1.0520..
COT is bearish on pound and after kind of consolidation that we had on G/U i think it might sink through 1.3680....
Cheers,
VTK

Recession is 'official'... I see no reason for it to go up!

Agree,as i said above...

Short Eur/JPY at 11,318?

How low can it go?

1/25/2009 21:30 NZ New Zealand's November Performance of Services

1/26/2009 02:00 NZ Credit Card Spending (YoY) n/a -0.7%
1/26/2009 09:30 UK BBA Loans for House Purchase n/a 17773
1/26/2009 15:00 US Leading Indicators -0.3% -0.4%
1/26/2009 15:30 US Dallas Fed Manf. Activity n/a -61.0%
1/26/2009 23:50 JPN BoJ Monetary Policy Meeting Minutes for December

1/27/2009 00:30 AUS PPI (YoY) n/a 5.6%
1/27/2009 09:00 GE IFO Surveys n/a n/a
1/27/2009 09:00 EU ECB Euro-Zone Current Account SA n/a -6.4B
1/27/2009 11:00 UK U.K. CBI January Distributive Trades n/a n/a
1/27/2009 14:00 US S&P/CaseShiller Home Price Ind n/a 158.16
1/27/2009 15:00 US Consumer Confidence 38.0 38.0
1/27/2009 15:00 US Richmond Fed Manufact. Index n/a -55
1/27/2009 22:00 US ABC Consumer Confidence n/a n/a
1/27/2009 23:30 AUS Westpac Leading Index (MoM) n/a -0.1%

1/28/2009 00:30 AUS Consumer Prices (YoY) n/a n/a
1/28/2009 07:10 GE GfK Consumer Confidence Survey n/a 2.1
1/28/2009 19:15 US FOMC Rate Decision 0.25% 0.25%
1/28/2009 20:00 NZ RBNZ Official Cash Rate 4.00% 5.00%
1/28/2009 21:45 NZ Trade Balance n/a -520.0M
1/28/2009 23:50 JPN Retail Trade YoY n/a -0.9%

1/29/2009 02:00 NZ Money Supply M3 YoY n/a 9.4%
1/29/2009 07:00 GE ILO Unemployment Rate n/a 7.1%
1/29/2009 08:55 GE Unemployment Change (000's) n/a 18K
1/29/2009 09:00 EU Bloomberg Eurozone Retail PMI n/a 41.4
1/29/2009 10:00 EU Euro-Zone Consumer Confidence n/a -30
1/29/2009 13:30 US Durable Goods Orders -1.5% -1.5%
1/29/2009 13:30 US Initial Jobless Claims n/a n/a
1/29/2009 13:30 US Continuing Claims n/a n/a
1/29/2009 15:00 US New Home Sales 410K 407K
1/29/2009 21:45 NZ Building Permits MoM n/a 4.3%
1/29/2009 23:00 AUS Conference Board Leading Index n/a -0.5%
1/29/2009 23:15 JPN Nomura/JMMA Manufacturing PMI n/a 30.8
1/29/2009 23:30 JPN Natl CPI YoY n/a 1.0%
1/29/2009 23:50 JPN Industrial Production (YoY) n/a n/a

1/30/2009 00:01 UK GfK Consumer Confidence Survey n/a -33
1/30/2009 00:30 AUS Private Sector Credit YoY% n/a 8.2%
1/30/2009 04:00 JPN Vehicle Production (YoY) n/a -20.4%
1/30/2009 05:00 JPN Housing Starts (YoY) n/a 0.0%
1/30/2009 09:30 UK M4 Money Supply (YoY) n/a n/a
1/30/2009 10:00 EU Euro-Zone Unemployment Rate n/a 7.8%
1/30/2009 13:30 CA GDP MoM n/a -0.1%
1/30/2009 13:30 US GDP QoQ (Annualized) -5.0% -0.5%
1/30/2009 14:45 US Chicago Purchasing Manager 34.0 35.1
1/30/2009 15:00 US U. of Michigan Confidence 61.9 61.9
1/30/2009 22:30 US RPX Composite 28dy YoY n/a n/a

Been a while since I have done one of these... I don't even care for the news but its raining so here you go............!

Cable Futures (Mashup Mix)

An attempt at blending a mess of trading concepts into a cohesive whole.

(My early take on "darksiding" :cheesy

started off a nice morning, then got whipped as GBPUSD dipped, then double-backed upwards.
thankfully EURUSD and EURJPY behaved.

good post Joey25, re: entry and target for GBPUSD.

GBP/USD Mar09

Projected supply almost in range (coming in at 1.4507 today).

More importantly, approaching the first test of the 2008 low (1.4329).

FOMC rate decision at 19:15 GMT.

On daily EUR/USD price have yesterday entered supply(resistance) zone from year ago.
Note the wick of yesterdays candle.At this level at the time was more willing seller than buyers so price could not stay there.As result we can see kind of shooting star daily candle.
May be price could decline from this point all the way down to first demand level(support)
Will see...

P.S.
How to attach pictures like Joey25 did in his last post?Could someone please provide a link or something that might help..??
Thanx in advance!
VTK

"Go Advanced > "Click on the Paperclip" > Browse > Upload

Joey25 said:

GBP/USD Mar09

Projected supply almost in range (coming in at 1.4507 today).

More importantly, approaching the first test of the 2008 low (1.4329).

FOMC rate decision at 19:15 GMT.

Click to expand...

13:00pm Update:

Pretty exciting price action on the hourly chart, with a failed probe into the 2008 lows combined with a close back within the previous candle's range.

14:30pm Update:
Finally, an inside bar fakeout + fill for me. Not exactly brimming with confidence, given it's Fed Day...

my Alpari MT4 screen has frozen at 5:30pm or so.
anyone else, or just me?
just as well I have ODL running as well.

EDIT: data returned at 5:57pm or so. however, I now have data-gap of about 27 mins.

mine is fine Trendie

Been a nice simple swinging day today really, and got to play in the snow!

...its just reading between the, er, lines........

What happened there?!!! Bloody GJ not in tune with GU??!

Or could we have a 'leading indicator'!

That's beter :cheesy: