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LA Tony  19:11:05 GMT - 07/27/2012

Any e/$ sell entry for next week? Any body? Have a great weekend!

Colo Chief1Oar  18:27:52 GMT - 07/27/2012

MTL article is from Zero Hedge, link below Chief Europe Releases Another Unsourced Rumor To Talk Markets To Weekly Highs

Colo Chief1Oar  18:25:52 GMT - 07/27/2012

EUR Idx pairs have tumbled -480 pips from the days high, as all EUR crosses are being sold ahead of the weekend. Best Chief

Mtl JP  18:23:54 GMT - 07/27/2012

what is the source of the "All the shorts have now been taken out" claim ? tia

Colo Chief1Oar  18:20:03 GMT - 07/27/2012

------------------------------------------------------- Update: and now the denial, conveniently just after all the upside stops have been taken out, again via BBG: An ECB spokeswoman said in an e-mailed statement that it is usual practice and nothing special that Draghi meets or talks with the members of the Governing Council. She declined to comment on the content of any talks. Of course, this is irrelevant. All the shorts have now been taken out. So once the market tumble resumes on the realization that nothing has happened, there will be no natural buying to the downside. Brilliant central planning as usual. * * * And so for the third day in a row, we get Europe continuing to talk itself up ever higher. From Bloomberg, with everything unsourced of course. DRAGHI SAID TO SPEAK TO WEIDMANN BEFORE AUG. 2 COUNCIL MEETING DRAGHI SAID TO FAVOR GIVING ESM BANKING LICENSE IN LONGER TERM DRAGHI'S PROPOSAL SAID TO INCLUDE BOND BUYS, RATE CUT, NEW LTRO How much higher, we wonder, can the central planners talk this market up before someone actually demands something be done? And what happens when Merkely comes back from vacation? ----------------------------------------------------------- From ZH Pretty much says it all .... Best Chief

Colo Chief1Oar  17:10:37 GMT - 07/25/2012

After profit taking on Monday, the EUR continues to consolidate for the third day, showing a declining interest in higher price from the market players. Added to existing short positions Monday, a bit early, currently maintaining downward bias as bad news continues and 'Save the day' rumors abound. Best Chief

Colo Chief1Oar  03:27:32 GMT - 07/23/2012

********************************************** Colo Chief1Oar 05:32 GMT July 21, 2012 - My Profile EUR: Reply Going for broke? The EUR pairs continue their relentless slide toward zero, down -475 pips on the third straight day of losses, -943 pips for the week, as Spanish bonds blow out while their people riot in the streets, Greece is told they cant use their bailout funds for collateral, Italy sinks further into the quicksand, Germany balks at being the ultimate lender and the politicians run around mouthing platitudes and spouting promises they cant keep. EURUSD led the way down -124 pips with the EURJPY second down -111 pips, the rest all falling as well with the EURCHF closing at zero, no loss, no gain, for the day. Will be adding to existing positions on the next consolidation, anticipated this coming week, after 3 straight days of decline. Bias is still down, currently holding short positions, +3088 pips. Best Chief ********************************************** Added to existing shorts ... on retrace of gap opening and all the bad news out of Europe over the weekend. Above comments still hold... Best Chief

Mtl JP  12:41:31 GMT - 07/21/2012

ECB's Draghi says euro not in danger Sat Jul 21, 2012 PARIS (Reuters) - European Central Bank President Mario Draghi said that the euro was not in danger despite some analysts' worse case scenarios for a break-up and said that greater financial, budgetary and political union among euro zone countries was inevitable. Asked in an interview with French newspaper Le Monde if the euro were in danger, Draghi said: "No, absolutely not. We see analysts imagining the scenario of a euro zone blow-up." "They don't recognize the political capital that our leaders have invested in this union and Europeans' support. The euro is irreversible," he added. In the long term, the euro would need to rest on a foundation of greater integration among euro zone countries, Draghi said. "All movement towards financial, budgetary and political union is for me inevitable and will lead to the creation of new supranational bodies," he said. European leaders took a step towards greater integration last month at a Brussels summit where they agreed to put the ECB in charge of supervising banks and gave the ESM rescue fund the power to recapitalize troubled banks. Draghi said that the ECB's monetary policy and bank supervisory activities would have to be kept separate in order to avoid conflicts of interest and suggested that an "independent structure" could be built. The scandal over the fixing of the LIBOR rate was undermining confidence in a cornerstone of the global financial system, he said. Turning to the economic outlook in the euro zone, Draghi said he did not see the risk that the bloc as a whole would enter a recession and that the situation would gradually improve towards the end of the year and the beginning of 2013. The ECB cut its interest rates to a record low earlier this month to breathe life into the ailing euro zone economy amid signs that inflation pressures were subsiding. Draghi said that the ECB, which strives to keep euro zone inflation at a rate close to but less than 2 percent, was prepared to take action in the case that the risk of deflation emerged.

Colo Chief1Oar  05:32:32 GMT - 07/21/2012

Going for broke? The EUR pairs continue their relentless slide toward zero, down -475 pips on the third straight day of losses, -943 pips for the week, as Spanish bonds blow out while their people riot in the streets, Greece is told they cant use their bailout funds for collateral, Italy sinks further into the quicksand, Germany balks at being the ultimate lender and the politicians run around mouthing platitudes and spouting promises they cant keep. EURUSD led the way down -124 pips with the EURJPY second down -111 pips, the rest all falling as well with the EURCHF closing at zero, no loss, no gain, for the day. Will be adding to existing positions on the next consolidation, anticipated this coming week, after 3 straight days of decline. Bias is still down, currently holding short positions, +3088 pips. Best Chief Another One Bites the Dust

Colo Chief1Oar  21:59:18 GMT - 07/19/2012

EUR pairs continued extending their losses closing down -245 pips on the day with most of the loss coming from money moving into the AUD and NZD while remaining pairs were lackluster movers at best, continuing the flight away from the EUR across the board. Currently maintaining downward bias, holding existing shorts +2600. Best Chief

NYC ET  17:34:16 GMT - 07/17/2012

Look at stocks =>>>>> then look at the fx

Miami JN  17:20:48 GMT - 07/17/2012

1.2252 is 50%

Kaunas DP  17:12:24 GMT - 07/17/2012

we just retraved 50% of the daily range and stopped... jo jo inside 1.22-1.23 ??

Colo Chief1Oar  16:45:10 GMT - 07/17/2012

EUR pairs are currently down 125 +/- pips on the day after a short run up in London. Heavy selling pressure from "Dr. Bens Traveling Medicine Show and Magic Circus" drove the EUR down across the board on US open, as expected whenever the Godfather pontificates in public. Prices are currently rebounding slightly off the lows. Expect the rebound to extend thru Asia. Pairs are having difficultly making new lows and have been consolidating for the last 3 days. EURJPY, EURCHF, EURGBP and EURNZD are essentially flat on the day so far, EURAUD, EURCAD and EURUSD slightly off at this point. Currently biased to downside, holding existing short EUR positions. Best Chief

Colo Chief1Oar  22:34:38 GMT - 07/10/2012

Interesting article ... "Although the euro managed to crawl higher during Monday, the signs are that we are in for a long summer period. Eurozone finance ministers have been meeting this week and continue even though the next steps of Spain’s bank recapitalisation have been put in place, with an agreement to lend EUR 30bln by the end of this month. There is also talk that the loans will not land on the Spanish government’s balance sheet." The Long and Winding Road