EUR/USD went up on better US data why

[Tiger21]

Morgan Stanley is recommending that investors buy a 3-month at the money call option at a strike of $1.4946 and simultaneously sell a call with a strike at $1.55. Clear evidence that MS expects continued weakness of the dollar.

[Tiger21]

Going through economic data points, the calendar for Tuesday and Wednesday data coming out of the US is light, but Thursday should be a busy day after New Zealand and Australia report retail sales and unemployment numbers late Wednesday.

[FXWizard]

Originally Posted by Tiger21

Morgan Stanley is recommending that investors buy a 3-month at the money call option at a strike of $1.4946 and simultaneously sell a call with a strike at $1.55. Clear evidence that MS expects continued weakness of the dollar.

For those who don't know, they are recommending to build a bull call spread

Regards,
FXWizard

[Tiger21]

Geithner said that a strong dollar is in the nation's best interest and that the government understands the importance it plays in the global economy. Regardless the dollar fell to a 15-month low vs many of its major pairs on dovish comments by Fed governors.

[Tiger21]

The euro appreciated on Friday getting support at $1.4825. Some are expecting that Bernanke's speech on Monday will be dovish and the dollar will continue to weaken on Monday. PIMCO now says that the Fed won't raise rates until the end of 2010.

[MDunle]

The estimated test of key resistance range levels has been confirmed, but relative rise in buying activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. Nevertheless, in the bigger picture, considering close parity of both party activity while rate is contained within the borders of Ichimoku cloud, we can assume probability of rate range movement with attainment of close border of the cloud at 1,4980/1,5000 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,4920/40 and (or) further break-out variant up to 1,4860/80, 1,4800/20. The alternative for buyers will be above 1,5080 with the targets of 1,5120/40, 1,5180/1,5200, 1,5240/60.[actionforex]

"P&F EURUSD1440 Box Size 150X3 or(3.25%) HI/LO
Data 1.6038 - 1.1639 ~ 49 Month ~ 1477 Day
Database 1050 records 1.4974 (Last Close)
2005-10-31 00~00
2009-11-16 00~00 (GMT+01:00) Paris
BJF Trading Group chart"

1.6050|~15O||_____________________________|-0.07%|37.9%
1.5900|~3OO||________X_X_X________________|0.86%|[B]36.61%
1.5750|~45O||________XoXoXo_______________|1.8%|35 .32%
1.5600|~6OO||________XoXoXo_______________|2.73%|3 4.03%
1.5450|~75O||________Xo_oXo_______________|3.67%|3 2.74%
1.5300|~9OO||________X__o_o_______________|4.6%|31 .45%
1.5150|~1O5O|________X____o_______________|5.54%|3 0.17%
1.5000|~12OO|________X____o______________X|6.47%|2 8.88%
1.4850|~135O|____X_X_X____oX_____________X|7.41%|2 7.59%
1.4700|~15OO|____XoXoX____oXo______X_____X|8.34%|2 6.3%
1.4550|~165O|____XoXoX____oXo______Xo____X|9.28%|2 5.01%
1.4400|~18OO|____Xo_o_____oXo______Xo____X|10.21%| 23.72%
1.4250|~195O|____X________oXo______Xo__X_X|11.15%| 22.43%
1.4100|~21OO|____X________oXo______Xo__XoX|12.08%| 21.14%
1.3950|~225O|____X________o_o______Xo__XoX|13.02%| 19.86%
1.3800|~24OO|____X__________o______Xo__Xo_|13.95%| 18.57%
1.3650|~255O|____X__________o______XoX_X__|14.89%| 17.28%
1.3500|~27OO|____X__________o______XoXoX__|15.82%| 15.99%
1.3350|~285O|__X_X__________o______XoXoX__|16.76%| 14.7%
1.3200|~3OOO|__XoX__________oX_____XoXoX__|17.7%|1 3.41%
1.3050|~315O|__XoX__________oXoX_X_XoXoX__|18.63%| 12.12%
1.2900|~33OO|__Xo___________oXoXoXoXoXo___|19.57%| 10.83%
1.2750|~345O|__X____________oXoXoXoXoX____|20.5%|9 .55%
1.2600|~36OO|__X____________oXo_oXo_o_____|21.44%| 8.26%
1.2450|~375O|__X____________o___o_________|22.37%| 6.97%
1.2300|~39OO|X_X__________________________|23.31%| 5.68%
1.2150|~4O5O|XoX__________________________|24.24%| 4.39%
1.2000|~42OO|XoX__________________________|25.18%| 3.1%
1.1850|~435O|Xo___________________________|26.11%| 1.81%
1.1700|~45OO|_____________________________|27.05%| 0.52%
1.1550|~465O|_____________________________|27.98%|-0.76%
Column|~48OO|43131333133441615434431175938|
Count|~495O||__O_3___O____3_6______44_____|




BJF-Trading-Group-091116_eurusd4H.xls