Buddies while we did reject the first resistance level ,second attempt broke above . The background fundies are not just holding they are gaining power so while my pair eur/usd messes with the technical levels the power is still in force as i type ...

Whats really moving the market today?

All the background fundies are ok but technically. 1.4267 is midnight uk start of the day price expect those that entered short earlier wont be too happy. 14283 is todays high a break of that could trigger the shorts stops giving bulls a boost.

Whats really moving the market today?

Oil $100 dow +14.30 nas +13.39 sp +2.27 eur/usd 1.4245 up +45 pips . You dont have to trade weekly charts to make use of this . Am up 50 pips as we speak and i got in when it broke below 1.4200 check were price was when i posted. my target.

Whats really moving the market today?

Oil 99.60 up +.60 dow -7.5 sp +7.5 nasdaq +1.8 Eur/usd up 30+ pips. What i do is just watch the background fundies now and news releases to keep me in ,or with adverse fundies prepare to get out even if price is still going my way ,get out before ...

Whats really moving the market today?

While eur/usd has pushed down and is around 1.4200 level. In fact it just broke 14200 level. I would like to post oil has broken the high $99/barrel. In this situation if oil can indeed maintain $99 or above ,the US indices trade up ,and currently ...

Whats really moving the market today?

Thankyou lumesh, Dont get me wrong buddy I am learning like most ,Reading and interpreting the knowledge. I can only be educated by what i'am reading ,If you can correct me with better informed knowledge ,please will you go ahead and put me on the ...

Whats really moving the market today?

From now on I won't be posting anything on this thread except news and fundamental information. Don't expect replies to anything else even if you're replying to my post. [/quote] No need to be upset just open your mind to other view points . Your ...

Whats really moving the market today?

j.p.morgan been at it a good while. video

The video store

At the moment its seems which turd get shined first lol. USA , miraculously holding a triple A rating ,with a maxed out credit card and dipping into thier pension fund ,and begging the card holder for a raised limit so they can blow more countries ...

EURUSD

Apparently we are in a tight range awaiting the out come today of the 2 day meeting and what stance is going to be taken on greece . Keep your ears open for a news report . Whatever direction we go then will likely decide the next couple hundred ...

EURUSD

To be honest I dont delve to deep into the reasons why the fundies do what they do. Its nice on my part to know but not totally neccesary. Use the known correlations to give you confidence to stay in a trade . Hesitating in a trade and exiting too ...

Whats really moving the market today?

Yes, every economy needs oil and the higher the price of oil the more you have to pay for it thus making any other area in the economy grow slower cause there are less money to buy other things. Oil market isn't what we would call an efficient ...

Whats really moving the market today?

Thankyou for your thoughts about my post . It works for me . But,Its not as simple, as i cant explain fully on a forum how i interpret the fundamentals ,just wanted to let traders know what the drivers are . For example I also dont believe 1000point ...

Whats really moving the market today?

At the last meeting trichet didnt raise rates and his speech indicated they would even rise in june. multiple margin increases in commodoties like oil,silver were raised adding weight to the correction. But watch for the americans going in to syria ...

Whats really moving the market today?

Hello traders, Hope i can express my fundy interpretation. My view is there are 2 types of fundies : The main drivers. These are the interest rates set each month by each central bank ,all traders interpret every word officials say at meeting and ...

Whats really moving the market today?

Thankyou ,I have seen this and others before ,appreciate your input and infinitus ,but lets leave it there . Difficult to discuss over a forum ,lets focus on making pips daily .

EURUSD

Not seen anything on forex factory about this. Good morning traders. url

EURUSD

Thankyou infinitus, I was thinking to myself you were going to say a defaulted debt vanishes from the system . If you have a source to explain this please send me a link please . Say i lend you $100 and you go bankrupt and i have no chance of ...

EURUSD

Thankyou buddy, I read the article . And agree in principal,But That reinforces my point i feel. They would normally need the reserves to lend to an expanding economy . ie lend to businesses obviously when the loan is repaid it goes back into the ...

EURUSD

Iam not sure i agree . addressing your points . a) every note that they print that expands the monetary base is an iou ,its says so right on the paper ," promise to pay the bearer" b) the only way you can expand money in circulation ,is if its ...

EURUSD