Fed activity in EURUSD

[andrusdavis]

Interesting day in the EURUSD today. Do you believe it is profit taking or could it be the FED?

 

[ampro]

A good chunk it is/was down to players paring off & lightening up on the back of thin post payroll trade.

ECB Hawks remain (audible to the wires) on the front foot & won't drop their guard whilst inflationary fears are still prevalent. That will weigh on the buck short-term.

5250-5300 will be the initial fulcrum from current levels ahead of layered bids back to 5150 & strong upper prev range support at 4900.

 

[Rhody Trader]

If it were the Fed (acting on behalf of the US Treasury) everyone would know it. That would be news since they haven't done it in quite some time.

 

[meghana_shru]

EUR/USD - Euro Dollar, European Session

I think its good to take on...
1,5352. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5320. The uptrend should continue to gather momentum.

Resistances
1,5370 - 1,5330
Supports
1,5320 - 1,5300

 

[alexander]

Interesting day in the EURUSD today. Do you believe it is profit taking or could it be the FED?

Yep, it's the FED and it would like to see EURUSD at 1.75 you bet.

Alex

 

[grantx]

I'd be surprised if central bank interventions still happen. Everyone knows it's a pointless exercise - the banks intervene, do their work, then everyone takes it back up/down so the net is zero and expensive.

Grant.

 

[andrusdavis]

We'll know later today

Yep, it's the FED and it would like to see EURUSD at 1.75 you bet.

Alex

We'll know later today. Interesting to see how close it gets to 1.550.

 

[alexander]

We'll know later today. Interesting to see how close it gets to 1.550.

I think EURUSD at 2.0000 is still a possibility. USD is currently being debased by FED policy of printing money. We may also see inflation getting out of control. This is one reason Jim Rogers believes agricultural commodities will move higher. We'll see.

Alex

 

[jamesbk]

I think EURUSD at 2.0000 is still a possibility. USD is currently being debased by FED policy of printing money. We may also see inflation getting out of control. This is one reason Jim Rogers believes agricultural commodities will move higher. We'll see.

Alex

EUR is sure flying. What happens this week when Fed cut rates.
Jim

 

[grantx]

Weak dollar is causing inflation to commodity importing countries which restricts importing countries' ability to manage their economies via domestic interest rates. In other words, everyone is suffering to varying degrees. Eur/USD 2.0000, GBP/USD 2.5000, USD/JPY 80.00? Why not. Big difference between a fcked economy with low rates and weakening currency vs fckd economy with high rates and strong currency (not worked-out what it is yet)

Grant.