First EURUSD Print: 1.3045

Tyler Durden's picture


Something tells us the BIS' Mikaël Charozé is not going to be too happy defending that all important 1.3000 border in the EURUSD tonight. First prints out of the gate: a timid 35 pip drop to 1.3045.

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Sun, 05/06/2012 - 14:47 | 2401169 JeremyWS
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Going to be a fun week :P

Sun, 05/06/2012 - 14:49 | 2401177 maxmad
maxmad's picture

Collapse Bitchez!  VIVE La France!

Sun, 05/06/2012 - 15:02 | 2401219 Xibalba
Xibalba's picture

The revolution will not be ....on cnbc

Sun, 05/06/2012 - 15:03 | 2401233 SilverTree
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2012 Nevada GOP Convention Proceedings.

Sun, 05/06/2012 - 15:07 | 2401243 knukles
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                               maniacal giggling

Sun, 05/06/2012 - 18:08 | 2401709 francis_sawyer
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I have no comment until SLEWIE & YEN CROSS chime in...

Sun, 05/06/2012 - 15:05 | 2401237 FlyoverCountryS...
FlyoverCountrySchmuck's picture

Apple Stock, the New Global Reserve Currency, should SOAR tomorrow.

Sun, 05/06/2012 - 16:30 | 2401434 Comay Mierda
Comay Mierda's picture

AAPL broke 50 day moving average on heavy volume couple weeks ago and couldnt rebound, now back under 50 sma.  pile on the shorts

if EUR/USD breaks 1.3000 look out below, next support at 1.26 and if that breaks it will see parity with USD

Gold about to break higher and USD aint looking so good either

Summer is going to be  very interesting


Sun, 05/06/2012 - 16:55 | 2401534 DeadFred
DeadFred's picture

That's one of the problems with soaring stocks, they have such a loooong way to drop. Of course being a socially approved stock it can never be described as a bubble.

Sun, 05/06/2012 - 17:37 | 2401652 NewWorldOrange
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"It's going to be a very interesting summer."

Yes indeed it is. Perhaps even better than last summer (for currency traders.)

As for this evening, I think AUD/USD and/or NZD/USD are better shorts than EUR/USD. Always great "risk off" trades, especially on a Sunday evening after such a weekend. Whether the markets perceive increased volatility much in part due to the Europe elections, a decline in global markets, or are still just pricing in the Friday's jobs report, there is likely to be a flight to the "safety of the US dollar" (yeah, I know - LMAO too) and when that happens the Aussie and Kiwi usually take a real beating. Especially if commodities markets are trending down as they have been.

Shorted both and EUR/USD Friday afternoon. Just closed EUR/USD. Just added BIG to my already sizeable shorts on AUD/USD and NZD/USD. I'll either wake up with a huge profit or most of my earnings from the past two months wiped out. Because sometimes you just gotta' go for the gusto.

Sun, 05/06/2012 - 15:29 | 2401313 banksterhater
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fumigate them. give Kernen his own chamber!

Sun, 05/06/2012 - 15:03 | 2401230 Joe The Plumber
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Temporarily bad for euro but hollande likes to say " growth" a lot and the markets love to be lied too. I wouldnt be surprised to see the CAC have a nice pop in the next week or two

Sun, 05/06/2012 - 15:11 | 2401257 Joe The Plumber
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Lol daily kos lurkers are highly sensitive. Somehow they believe when playas don the red team jersey it means something

Sun, 05/06/2012 - 15:39 | 2401336 slaughterer
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Hollande wants the ECB to print.  Enuff said.  

Sun, 05/06/2012 - 17:19 | 2401615 xela2200
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Growth = Print

Print = Dictator for life

Sun, 05/06/2012 - 14:48 | 2401170 agent default
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Just wait for the bank Holiday in Greece tomorow.  

Sun, 05/06/2012 - 15:10 | 2401258 permafrost
permafrost's picture

You mean the bank holiday in Greece this month.

Sun, 05/06/2012 - 15:17 | 2401278 taniquetil
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Why don't we just pay them to stay home and not fuck stuff up?

Sun, 05/06/2012 - 16:00 | 2401373 I should be working
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Wait, Greece still has banks???

Sun, 05/06/2012 - 17:12 | 2401591 WmMcK
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Just wait for the bank Holiday(s) in Greece starting tomorrow.

Sun, 05/06/2012 - 14:52 | 2401183 I am Jobe
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Meanwhile in the USSA, must save the EUR at all costs. Bendonkey shitting bricks and Geitner is whacking off

Sun, 05/06/2012 - 15:04 | 2401236 Joe The Plumber
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Save the euro but keep it weak so we have more room to QE

Sun, 05/06/2012 - 15:30 | 2401318 Joe The Plumber
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That is not my opinion or hope. That is what bernanke is thinking. I should be more clear

Sun, 05/06/2012 - 15:21 | 2401286 FlyoverCountryS...
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Goldman-Sachs is just TOO BIG TO FAIL, BABY!

(And if you are one of those people who saw Obama say "THE ERA OF BAILOUTS IS OVER!", you muss be a rassiss!!!)

Sun, 05/06/2012 - 14:54 | 2401187 ZeroPower
ZeroPower's picture

Fucking socialists taking over Europe now. And here i was thinking obamAo was a one-off event.

Sun, 05/06/2012 - 15:02 | 2401220 billwilson
billwilson's picture

Do you have any understanding of reality. In Europe Obama would be called a right wing radical.

About time the bankers got their spanking ... Good on ya Greece and France.

Sun, 05/06/2012 - 15:05 | 2401242 GeneMarchbanks
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Fear not good friend. Canada will still have the Queen on its currency while you shall continue having your 'freedom' an' shit.

All I'm saying is: there's hope.

Sun, 05/06/2012 - 17:10 | 2401587 WmMcK
WmMcK's picture

But no longer on the penny. Welcome Liz, Abe may join us shortly.
Tom in January and who know who(m) after that.

Sun, 05/06/2012 - 15:10 | 2401256 DosZap
DosZap's picture

Fucking socialists taking over Europe now. And here I was thinking obamAo was a one-off event


Huh?..............Europe has been Socialist for years,nuttin new here.

Sun, 05/06/2012 - 18:39 | 2401791 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

If you've been paying attention, you'd know there's not a fuckin' hair's width between the "left" & "right" anywhere anymore..  Both are merely two tribes wholly owned and operated by the moneycrat bankster stooges..


Wake me when we start seeing banksters hanging by their heels, throats slit and draining like pigs in a slaughterhouse..

Sun, 05/06/2012 - 14:54 | 2401189 CURWAR2012
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Sun, 05/06/2012 - 14:54 | 2401194 carbonmutant
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I wonder if the Chinese will chase this dog tonight...

Sun, 05/06/2012 - 14:55 | 2401198 maxmad
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Chinese are shorting both Euros and Dollars tonight!

Sun, 05/06/2012 - 15:24 | 2401299 Id fight Gandhi
Id fight Gandhi's picture

That dog don't hunt

Sun, 05/06/2012 - 18:03 | 2401696 NewWorldOrange
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They should short AUD/USD. About to fall off a cliff. 1.0149 now. Probably at parity within a day.

Sun, 05/06/2012 - 14:54 | 2401196 buzzsaw99
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1.30 is China's problem the same way usa clownbux are.

Sun, 05/06/2012 - 15:07 | 2401245 Joe The Plumber
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Socialist, conservative, mere words with no meaning. We are all statists now.

This was recognized by william f buckley when he said conservatism ( as we knew it in the ussa) was dead

Sun, 05/06/2012 - 15:29 | 2401316 financial apoca...
financial apocalyptic contagion's picture

statists? more like totalitarian

Sun, 05/06/2012 - 18:09 | 2401710 WonderDawg
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You can say that again.

Sun, 05/06/2012 - 15:30 | 2401317 financial apoca...
financial apocalyptic contagion's picture

statists? more like totalitarian

Sun, 05/06/2012 - 15:32 | 2401322 Joe The Plumber
Joe The Plumber's picture

It always evolves that way

Sun, 05/06/2012 - 16:26 | 2401425 Beam Me Up Scotty
Beam Me Up Scotty's picture

Hey don't talk bad about Clownbux.  People are willing to trade me gold and silver for them.

Sun, 05/06/2012 - 17:08 | 2401580 WmMcK
WmMcK's picture

But maybe just for the time being ...

Sun, 05/06/2012 - 14:59 | 2401215 The Axe
The Axe's picture

China has to...and has supported  the 1.30 level in the Euro...period...

Sun, 05/06/2012 - 15:12 | 2401262 monkeyshine
monkeyshine's picture

Maybe they should back off and wait to start 'averaging down' at the 0.7 level.

Sun, 05/06/2012 - 15:49 | 2401362 HoofHearted
HoofHearted's picture

True story- I got an invite to a conference in Caen France just yesterday. The registration fees will only be accepted in US dollars. They will not accept euros, even if you want to pay the day of, right there in Caen.

Sun, 05/06/2012 - 16:48 | 2401507 Dien Bien Poo
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Mon, 05/07/2012 - 17:51 | 2404839 HoofHearted
HoofHearted's picture

Hey dickhead, take a look for yourself:

You have to be smart enough to get down to the part that says "Payment Option A." You can walk up the stairs from the basement and ask your mommy to show you where that is. Maybe she can even read you the part about not accepting euros.

We don't need to bluff around here. We're the real shit.

Sun, 05/06/2012 - 15:04 | 2401232 Kaiser Sousa
Kaiser Sousa's picture

"Let's get ready to tummmmmble...."

Sun, 05/06/2012 - 16:25 | 2401248 Everybodys All ...
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I don't see how you can defend the Euro. That fiat is going a lot lower. When the Germans realize the experiment is over ... they will decide how fast this currency goes away?

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