EUR/USD&USD/JPY&AUD/CAD

[simran khalon]

EUR/USD The euro dropped for a third consecutive week versus the dollar, losing 1.6 percent to $1.3525.
USD/JPY Japan’s currency gained 0.1 percent to 76.83 against the dollar.
AUD/CAD The Australian dollar fell 0.3 percent to 99.74 U.S. cents as of 4:34 p.m. Sydney time, after earlier touching 99.43, the least since Oct. 12.

 

[Vaibhavi merchant]

simran khalon , your names look like Indian, are you from India ?

 

[simran khalon]

yes i am indian

 

[Vaibhavi merchant]

Its great to have forum member from India, well I am also from India, if you don`t mind can you please tell me about your Trading experience ?

 

[simran khalon]

i am sorry but this is not discussion area its news area i cannot say any thing here

 

[KhanB]

market moving news

€/$ fell after a senior EU Official said giving the EU permanent bailout fund a banking license off the table.

BoE
Policy Left Unchanged (repo rate 0.50%)
Asset Puchases steady at GBP 275 bln

(ECB)
Refi Rate cut 25bps to 1.00%

 

[KhanB]

Today's market moving news

EUR/USD rallied after Chinese government announced that it will set up a $300billion investment vehicle made up of two funds (for the U.S. and Europe)

 

[KhanB]

number of net short positions

 

[Enivid]

Where did you get that data from?

 

[KhanB]

I gather the data from ctfc
http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm

 

[KhanB]

German ZEW economic sentiment data was better than expected but didn't help EUR that much...
GBP/USD is affected by EUR/USD atm...
let's see how fomc will impact...if we don't go below 1.3160 today, a quick retracement to 1.33-34 may be possible...

 

[KhanB]

as long as USD/CHF is above 0.9295, I prefer buying on dips

 

[KhanB]

EU mess is getting interesting
Vice-president of the Socialist Party, Pedro Nuno Santos said "Debt is our only weapon and we must use it to impose better conditions, because recession itself is what is stopping us complying with the (EU-IMF Troika) accord. We should make the legs of the German bankers tremble"

 

[KhanB]

range is getting tight...betting higher if we don't go below parity...

 

[KhanB]

GBP/USD is affected by bearish EUR/GBP