Is There Major Buying In The EUR/USD Around The 1.30 Area?

The LFB submits:Asian equity trade held support overnight, and although still dramatically oversold offered enough momentum to move S/P futures trade off the pivotal 1050 area. If global equities move higher ahead of the ADP U.S. employment numbers at 08:15 ET on Wednesday the USD will have a hard time getting bought. Oil traders moved WTI (West Texas Intermediate) off 71.50 support, in a move that was aided by positive overnight Asian macro-economic reads.

Ralph Shell submits: News of the euro's relentless slide over the last six months has reached main street. Even my good friend Vinnie the full time bartender and part time book maker is asking questions, trying to figure out how he can take some of the action. The bear party in the euro has become a big time affair. Tuesday the open interest in the euro futures market increased by 13,340 contracts, following two days during which the market saw an increase of 13,660 in total. The total futures OI is up to 290K.

By FXstreet:The EUR/USD closed Wednesday below the 1.3000 mark at 1.2960 after an attempt at recovery from a fresh 3-month low of 1.2920. Today's economic data highlighted the divergences between the U.S. and the eurozone economies, and investors behaved in accordance. Good U.S. data meant higher stocks and a higher dollar.

By FXstreet:The EUR/USD closed Wednesday below the 1.3000 mark at 1.2960 after an attempt at recovery from a fresh 3-month low of 1.2920. Today's economic data highlighted the divergences between the U.S. and the eurozone economies, and investors behaved in accordance. Good U.S. data meant higher stocks and a higher dollar.

By FXstreet:The EUR/USD rose 1.5% on Thursday and closed the day at 1-week highs, fueled by the risk appetite tone following the ECB decision to keep its policy unchanged and Draghi's speech saying that the eurozone is in better condition than expected.

Ralph Shell submits: Some of the definitions of caper are; a playful leap, a prank or trick, harebrained escapade, a frivolous, carefree episode or activity. Is this a more appropriate definition of Helicopter Ben's policies?

The recent financial crisis has provoked a lot of interesting discussions about the state of macroeconomic theory, and one aspect of this that I’ve been interested in is the revelation (to me) that a lot of the macro theory of the past 30-40 years has been driven by a sense that a theory is no good unless it has “micro-foundations.” This is interesting to me largely because while I can’t do hard math like a real economist, this is closely related to things people talk about in philosophy classes.

Ralph Shell submits: As the holiday season approaches trading in the forex market should slow but will the size of the moves decrease? Yesterday at the CME, with the expiration of the December contract, there was a sharp reduction in the open interest. In the euro, the largest futures contract, the OI dropped 57,000 contracts to only 150k. Daily volume remained high, 338K but a big reduction from +500k contracts on recent days. The OI in the pound is down to a mere 71K contracts.