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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JeremyWS's picture

Going to be a fun week :P

maxmad's picture

Collapse Bitchez!  VIVE La France!

Xibalba's picture

The revolution will not be ....on cnbc

knukles's picture




                               maniacal giggling

francis_sawyer's picture

I have no comment until SLEWIE & YEN CROSS chime in...

FlyoverCountrySchmuck's picture

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

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


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.

NewWorldOrange's picture

"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.

banksterhater's picture

fumigate them. give Kernen his own chamber!

Joe The Plumber's picture

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

Joe The Plumber's picture

Lol daily kos lurkers are highly sensitive. Somehow they believe when playas don the red team jersey it means something

slaughterer's picture

Hollande wants the ECB to print.  Enuff said.  

xela2200's picture

Growth = Print

Print = Dictator for life

agent default's picture

Just wait for the bank Holiday in Greece tomorow.  

permafrost's picture

You mean the bank holiday in Greece this month.

taniquetil's picture

Why don't we just pay them to stay home and not fuck stuff up?

WmMcK's picture

Just wait for the bank Holiday(s) in Greece starting tomorrow.

I am Jobe's picture

Meanwhile in the USSA, must save the EUR at all costs. Bendonkey shitting bricks and Geitner is whacking off

Joe The Plumber's picture

Save the euro but keep it weak so we have more room to QE

Joe The Plumber's picture

That is not my opinion or hope. That is what bernanke is thinking. I should be more clear

FlyoverCountrySchmuck's picture

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!!!)

ZeroPower's picture

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

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.

GeneMarchbanks's picture

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.

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.

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.

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..

CURWAR2012's picture


carbonmutant's picture

I wonder if the Chinese will chase this dog tonight...

maxmad's picture

Chinese are shorting both Euros and Dollars tonight!

NewWorldOrange's picture

They should short AUD/USD. About to fall off a cliff. 1.0149 now. Probably at parity within a day.

buzzsaw99's picture

1.30 is China's problem the same way usa clownbux are.

Joe The Plumber's picture

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

Beam Me Up Scotty's picture

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

WmMcK's picture

But maybe just for the time being ...

The Axe's picture

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

monkeyshine's picture

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

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.

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.

Kaiser Sousa's picture

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

Everybodys All American's picture

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?