Took another piece short on EURUSD 1.3220, Im hoping this is it for the upside, but i have a feeling its not.
Saving some ammo for 1.3250 if we get there.
it has been pretty tight leading up to this, and if the news was that great the USD would of broke 79.05 which it didnt. im pretty far up there in terms of a long on the dx so.. if im holding i must see something, otherwise im grabbing my nuts hoping lol.
eh ill post some charts in a bit..
a break past 1.326 would bring possibly 1.328 .. but i cant see it going past that.
IF it does run, a 1.328-1.333 short would be ideal.
I just want it to do it already so i can go back to copper.
Edit: i read somewhere that the middle east funds are buying euros lately and target the US and EU sessions.. what im trying to figure out is why not asia.
Embargoed for release at 2:00 p.m., EDT, April 25, 2012
Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, April 2012
NOTE: Projections of change in real gross domestic product (GDP) and projections for both measures of inflation are from the fourth quarter of the previous year to the fourth quarter of the year indicated. PCE inflation and core PCE inflation are the percentage rates of change in, respectively, the price index for personal consumption expenditures (PCE) and the price index for PCE excluding food and energy. Projections for the unemployment rate are for the average civilian unemployment rate in the fourth quarter of the year indicated. Each participant’s projections are based on his or her assessment of appropriate monetary policy. Longer-run projections represent each participant’s assessment of the rate to which each variable would be expected to converge under appropriate monetary policy and in the absence of further shocks to the economy
The FED remains prepared to do more as needed to make sure the US recovery continues. The consensus view of the FOMC meet this week represents a highly accommodative policy stance. With Treasury’s, equities and gold ending the week higher and the dollar stumbling, are we setting the scene for QE3? If Ben’s apparent “conditions” become realized, an extension of Operation Twist or outright QE3 will surely have to be implemented. A disappointing weekly claim print this week has inspired some of the QE3 enthusiastic rhetoric. An uninspiring NFP release next week will be the key to shaping the quantitative outlook. Imagine what the asset class landscape is going to look like if there is no QE3 announcement at the June FOMC meet!
Below are some other highlights of the week:
I think it will be a RISK OFF monday, if not leading into the meeting, OR we could continue to run and drop afterwards.. pick your poison.
MONETARY DEVELOPMENTS IN THE EURO AREA:
The annual growth rate of the broad monetary aggregate M3 increased to 3.2% in March 2012, from 2.8%
in February 2012.
Regarding the main components of M3, the annual growth rate of M1 increased to 2.7% in March 2012,
from 2.5% in February. The annual growth rate of short-term deposits other than overnight deposits (M2-
M1) increased to 3.3% in March, from 3.1% in the previous month. The annual growth rate of marketable
instruments (M3-M2) increased to 5.1% in March, from 2.8% in February. Among the deposits included in
M3, the annual growth rate of deposits placed by households increased to 2.2% in March, from 2.0% in the
previous month, while the annual growth rate of deposits placed by non-financial corporations decreased to
0.0% in March, from 0.4% in the previous month
. Finally, the annual growth rate of deposits placed by nonmonetary financial intermediaries (excluding insurance corporations and pension funds) increased to 4.1% in March, from 3.5% in the previous month.
lol are you trying to piss me off here? ;) - I doubt it,.. only way things can get worse is the yeilds.. but well see as it could happen tonight.
Also there is no short volume below the 1.295 mark.. (yet)
As for my balls, i think they just reverted back into my stomach from birth.