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U.S. DOLLAR / EURO REFERENCE RATE

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U.S. DOLLAR / EURO REFERENCE RATE forum


FXLOKS
EURUSD The sellitrons will win today the buyiptocons are losing steam.
TraderMcGill
EURUSD From yesterday, we have moved up 500 pips. That is wild for EUR/USD. There has quite obviously been a team effort global to crash the dollar / DXY (I am aware China has been dumping T Bills Etc). Stay safe out there !
Th3L1qu1d1ty
EURUSD I want to see a very fast price manipulation up from 10:30 EST.
caulirick
EURUSD For those clueless what's going on, let the intraday enthusiast share more details:

We are currently stuck within an intraday internal range. Until this range breaks, we will be bouncing within. Depending on which side the range breaks, the directional bias will then be drawn.

Breadspeed traders 🥪 🥪 🥪

tradingview.com/x/Fx9uoOex
Snapshot
MaryPippins
EURUSD Aside from a retrace, what other reason is there to short?
Nordic_Wings
EURUSD My two cents on what's going on atm in the market and why we have some out of this wild volatility in forex (based on experience, not on hard facts since I don't work in central banks sadly).

As you can see the US bonds are being dumped by the dozen by china (and probably others) as yield surge to worrying level for the US.
Investors are trying to find a safer haven which is german bonds and other european bonds for the most part. leading in the obvious DXY decline and EUR appreciation more than any other currency (even more so than "safe" ones like CHF or Yen).

And to prevent the complete crash of the dollar, FED and ECB (and most likely others like UK's) have the plunge protection team hard at work to buy treasuries covertly to cap yields (like japan's yield curve control) and ECB and fed have some swap lines activated like in 2008 and 2020 to keep the market liquid.

Earlier today Lagarde said she wouldn't comment if the Fed was intervening in the treasury market, which leads to believe they are.

Bottom line is, lagarde just signaled that the Fed have a weak hand currently and we should all be looking for any ECB and fed emergency meetings in the coming days, watch for rallies in treasuries and potentially China slowing bond sales.

We might get very soon the fed to ask for more ECB help and potentially a yield cap/swaps/bailout, which will make the current mad volatility looks like peanuts if things get to that point.

Of course anything can happen in trump's world but this is, imo, so take it with a fat grain of salt, the reason we currently have those massive swings (because it looks like single candles, but remember 20 pips 1min candle would be considered a freaking hourly swing in normal times!!) up and down without actual news backing any of it.

Be careful if you still plan on trading, there is a lot of money to be made but even more so to be lost.
I prefer preserving capital so I'm out and will take the next week off completely, so be vigilant, don't fall for Fear of missing out and look for clues of what's coming next.

Have a great end of the week and I wish you all the best!
EURUSD We've created a ChoCH on the 1hr looking for a close below the higher low (1.13201), for a break of structure and an entry.

**Late Edit** Also current Value low on the volume profile for this move down is at 1.13264. That's a second confirmation for bears to take control. I'm seeing us going down from this position, not only because we've hit a 4hr supply and created a bearish hammer candle on the 4hr, but also because we've had no retracement in the last 2 days on the 4hr. Insane, some 5/15% (563 Pips).