The Worst Christmas Present For The Dollardear Santa…

The Worst Christmas Present For The Dollardear Santa…

Options

alberto86

Dec 23 2006, 04:52 PM

Post #1

Junior Money Maker

Group: Members
Posts: 78
Dream Points: 100
Experience Points: 136

Joined: 25-November 06
Member No.: 8,233

I am hearing a lot of option expires for next week, most of them call options above 1.3400 so that is going to make the market in the EUR/USD with an upside bias, since the option market is really driving the market sentiments nowadays.
Markets are very thin today, so we can have a lot of volatility and swings. Yesterday the 10 year not yield plummeted after the Philly Fed Index, something that is clearly marking the market sentiment towards the dollar and the future moves of the FED.

Technically speaking the downtrend in the dollar is pretty much in place, but we need to see a break of the recent ranges in the majors, i.e. 1.3370 in the EUR/USD, that would make the market to gather momentum and we may see large players like Hedge Funds stepping in with the flow and making the trend gather more strength.
I am going to advice some orders within the recent ranges in the majors, to anticipate the break.

Have a great weekend, and a merry Christmas
by alberto86!

--------------------

My Autosurf - 9% daily for 20 days!Paying!

Replies(1 - 5)

antone	Dec 24 2006, 03:23 AM Post #2
Serious Money Maker Group: Members Posts: 1,003 Dream Points: 100 Experience Points: 915 Joined: 2-June 06 Member No.: 2,042	Wow thanks.. please don't hi-jack other peoples thread.. -------------------- I LOVE HOLIDAY

Magnus	Dec 24 2006, 05:29 AM Post #3
Moderator Group: Lifetime Supporters Posts: 6,195 Dream Points: 675 Experience Points: 7,253 Joined: 23-February 06 Member No.: 811	QUOTE(alberto86 @ Dec 24 2006, 12:52 AM) I am hearing a lot of option expires for next week, most of them call options above 1.3400 so that is going to make the market in the EUR/USD with an upside bias, since the option market is really driving the market sentiments nowadays. Markets are very thin today, so we can have a lot of volatility and swings. Yesterday the 10 year not yield plummeted after the Philly Fed Index, something that is clearly marking the market sentiment towards the dollar and the future moves of the FED. Technically speaking the downtrend in the dollar is pretty much in place, but we need to see a break of the recent ranges in the majors, i.e. 1.3370 in the EUR/USD, that would make the market to gather momentum and we may see large players like Hedge Funds stepping in with the flow and making the trend gather more strength. I am going to advice some orders within the recent ranges in the majors, to anticipate the break. Have a great weekend, and a merry Christmas by alberto86! Thanks for sharing Albert. Glad to have a FOREX expert around. --------------------

Cashlady	Dec 24 2006, 11:17 PM Post #4
Serious Money Maker Group: Members Posts: 1,090 Dream Points: 20 Experience Points: 1,481 Joined: 25-November 06 From: New York Member No.: 8,227	Thanks for sharing with us! Merry Christmas! -------------------- http://vitaminbydesign.com

alberto86	Dec 28 2006, 06:43 AM Post #5
Junior Money Maker Group: Members Posts: 78 Dream Points: 100 Experience Points: 136 Joined: 25-November 06 Member No.: 8,233	The dollar was little changed in light pre-holiday trading against most major currencies on Thursday. Weaker-than-expected US GDP did not affect the dollar. The Canadian dollar was pressured by a weak retail sales report, but few traders wanted to take big positions ahead of the yearend. We raised the stop on the USD/JPY to 119.15. -------------------- My Autosurf - 9% daily for 20 days!Paying!

ForeignExchange	Dec 28 2006, 12:34 PM Post #6
New Money Maker Group: Members Posts: 2 Dream Points: 100 Experience Points: 52 Joined: 28-December 06 Member No.: 10,071	alberto86 give me your email please send me PM. Thank you. -------------------- Free The Bulgarian Medics in Libya

« Next Oldest · Forex Foreign Currencies Exchange Trading Discussion · Next Newest »

Topic Title	Replies	Topic Starter	Views	Last Action
Exness Oficial Representative - Www.exness.com	208	ginos	10,406	May 6 2013, 09:31 AM Last post by: Exness
Limousine Gift Cards Make A Perfect Christmas Present	0	scoty	46	Apr 19 2013, 05:19 AM Last post by: scoty
When Do You Start Shopping For Christmas?	5	feugi	372	Apr 9 2013, 09:43 AM Last post by: vshah1585
An Engagement Ring Is Usually Presented To A Woman	0	scoty	92	Mar 29 2013, 11:02 AM Last post by: scoty
What Kind Of Present To Get To My Husbands Bday?	21	diamond	1,488	Mar 11 2013, 05:16 PM Last post by: pjmoneymaker

Forex Forum Rules