UJ has been the most dormant of all the pairs for close to 2 weeks now, now major movement, nothing nothing, the thing just tanda for their like cripple

odiaero:

Yah, also sending my soldiers to that EU, we are still on the sideline, waiting to commence attack

@ sending soldiers. Abeg no send Boko Haram go there oo

JAZES:

@ sending soldiers. Abeg no send Boko Haram go there oo

wow! banked-in my 120 pips from GU. xpecting EU to drop too

Oh yes!!!!

EU just no wan come down yet

AHHHHHHHHHHHHHHHHH, rain shut me out of the internet, CHAI, the rain no wan gree at all, i hope GU and EU has not reversed?

bro , nairaland is on d internet na

honeric01:

AHHHHHHHHHHHHHHHHH, rain shut me out of the internet, CHAI, the rain no wan gree at all, i hope GU and EU has not reversed?

aguiyi:

bro , nairaland is on d internet na

I just got online when i posted that comment,

Didnt get a chance to trade the EU session, all those pips . Just sold the AU sha, hopefully that will make up for missing out earlier. Congrats to all who made it

EU oh EU
Come down baby come down
I have waited patiently for you baby
Come down baby come down baby

^ Easy o dude

naijababe:

^ Easy o dude

Naija babe, i don dey inside this trade since
morning with some heavy sell(like Odiaro will say)
but the guy dey do shakara for me.

Now you know why our London morning IMT was titled "Sterling Fears Upcoming BoE Minutes". Indeed, the minutes did show one less hawk (see below). USD holding steady. Euro zone industrial orders disappointed. Critically important FOMC statement is later on today.

GBP was under pressure since London traders got to their desks. After the MPC meeting minutes were released, the Sterling dropped sharply. Vote was 7-2 from previous 6-3 (7 members voted for holding rates steady and 2 for rate increase). The minutes revealed a discussion about the possibility of QE extension should downside risk materialize and Adam Posen voted for GBP 50 bln increase in Asset Purchase Facility to GBP 250 bln. Recent QE comments and overall dovish stance would indicate that BoE will not be raising rates in the near future.

Other news from this morning include Swiss ZEW Economic Expectation index for June that dropped to -24.3 from previous -11.5 and Euro zone April Industrial Orders that increased to 0.7% from previous -1.5% but still came short of 1.1% expected.

The New York session will be all about FOMC. The rate decision and statement are both due at 12:30 pm ET and the press conference will start at 2:15 pm ET. The fed funds rate will stay between 0 and 0.25% and the highlight of the day will be the press conference. Traders can expect a significant volatility around these times.

The Fed will acknowledge slowing of the economy and deteriorating fundamentals. The job market has worsened with unemployment ticking back up, yet consumer inflation has been increasing steadily since November 2010. However, at this point additional round of QE is not probable. The Fed is likely to keep the main interest rate unchanged for extended period and to continue to reinvest maturing securities as not to shrink its balance sheet.

If there are no hints of QE3, equity markets will be disappointed and risk aversion will increase as there will not be any expectation of an additional liquidity injections to the financial markets. Falling equities and other types of riskier assets combined with ongoing uncertainty in Euro zone should support the USD over the near term. Should QE3 be hinted, that would be a different case entirely

I see EU fall yakata
Bring it on baby

JAZES:

I see EU fall yakata
Bring it on baby

Na wa o. Enjoy the ride, I got out of it because I was frustrated, only for the damn thing to head south 2 mins later. SMH!!! Today get as e be, abeg

JAZES:

EU oh EU
Come down baby come down
I have waited patiently for you baby
Come down baby come down baby

LWKMD

naijababe:

Na wa o. Enjoy the ride, I got out of it because I was frustrated, only for the damn thing to head south 2 mins later. SMH!!! Today get as e be, abeg

E really get as he be
No be small thing ooooo

odiaero:

LWKMD

odiaero:

Bring it on, guy u wan fight EU?

Odiaro na so u teach me na.Infact na 1,000,000 lot
i enter now ooo.I don vex cos the thing needs to pay
for all my time wey hin don waste.

1,000,000 lot baby.Even Odiaro no fit try me

JAZES:

E really get as he be
No be small thing ooooo

Odiaro na so u teach me na.Infact na 1,000,000 lot
i enter now ooo.I don vex cos the thing needs to pay
for all my time wey hin don waste.

1,000,000 lot baby.Even Odiaro no fit try me

1,000,000 lots? On ur own

Eu might not fall as expected.

odiaero:

1,000,000 lots? On your own

Chairman me,y u dey deny me now after u thought me
how to kill the market.

blackgucci:

Eu might not fall as expected.

Back to sender by fire

@jazes no harm intended , just defending my long interest in Eu.lol

odiaero:

^^ U may wanna change your mind

No sir,too late man
EU going down baby

blackgucci:

@jazes no harm intended , just defending my long interest in Eu.lol

No prob my brother.Your long go happen after my short

Guys,
I hope u all they watch GU,down side baby

If yesterdays high doesnt break at the end of today then u can have your short.