Obsidian

funny road signs rock...

I think only US is capable of doing these. Israel alone can't just hit such a big target. Besides Israel has border to Iran. They have to convince EU or US to do their dirty work but I doubt they can even do that. Last time the US had convinced NATO to invade Iraq to execute their old puppet but things didn't go as planned. Declaring war on Iran may not be good for Obama this time http://www.nytimes.com/2012/02/25/world/middleeast/us-agencies-see-no-move-by-iran-to-build-a-bomb.html?_r=4

EUR/USD: Last week (Thursday and Friday) we saw EUR/USD climbing pretty fast, with a 2 day total of 217 pips. Now the question everyone will be asking is where its heading next. I think next week's range will be between 1.3300 and 1.3695. I am expecting price to possibly pull back to the previous resistance levels 1.3410 and maybe 1.3350 before climbing again. If we don't see a pullback at this level, we may find some resistance at 1.3530/40 zone. If the bulls can pass this level, 1.3635 and 1.3695 levels will be the next targets. I am bullish as long as the pair stays above 1.3300. GBP/USD: The pair made a nice move and closed the week above 1.5865/45 resistance zone. The bulls are strong and I don't think they will have hard time to break a key level at 1.5910. Once we are above that level, look for 1.6000 and 1.6077 next. If price retrace from this level, I will be looking for support at 1.5845 and 1.5765. USD/CHF: We saw that selling increased after the pair broke its 3 weeks trading range. 0.9110 level has been holding for weeks. Once it was broken, falling to 0.8930 was inevitable as we predicted. Now we are going to see if the bulls are strong enough to break this level or not. A daily close below that level would pull the pair deeper, to 0.8765 level. If 0.8930 level hold, we can see a bounce to 0.9070/90 area. AUD/USD Political storms have been affecting the Aussie lately. Even though the bulls are having hard time penetrating 1.0750 level, they well defended the 1.0600 line. If we can pass above that key resistance, 1.0843 and 1.0955 will be my next targets. If we do break and close below 1.0680, I will expect sentiment to turn bearish and a re-test of 1.06 won't be out of the question.

I think they make money due to the fact that the house always wins:rofl:

unfortunately that is because of politics. countries keep accusing others without looking at the mirror or their past. you know who has the money makes the rules... thanks for that video Tams. I agree that Israel can't attack Iran alone. They need US and/or Europe but they may not be able to afford a war like that.

haha I guess you are right but I have no idea where in the US

NZD Chart (Weekly CFTC Commitments of Traders Report)

AUD Chart (Weekly CFTC Commitments of Traders Report)

CHF Chart (Weekly CFTC Commitments of Traders Report)

CAD Chart (Weekly CFTC Commitments of Traders Report)

JPY Chart (Weekly CFTC Commitments of Traders Report)

GBP Chart (Weekly CFTC Commitments of Traders Report)

EUR Chart (Weekly CFTC Commitments of Traders Report)

do not laugh at the natives...

a long but nice article: Consequences of Iran-Israel War | Greg Hunter

I don't think it is a good idea anymore, gonna wait and see how the week will end first... anyway, have a great weekend all...

buy dollars wear diamonds?

being on the same side with the ones doing the intervention is not a risk:roll eyes:

Iranian tensions continue oil's rise CRUDE futures shot higher as worries about Iran and gains in the euro, equities and other markets trumped data showing still-slumping US fuel demand. Light, sweet crude oil for April delivery settled $US1.55 higher at $US107.83 a barrel on the New York Mercantile Exchange, the highest price since Libya's civil war sent futures soaring early last year. Brent crude on the ICE futures exchange ended up US72c at $US123.62 a barrel. Prices rose along with equities markets and the euro, which recently traded at $US1.3335, near the highest level against the US dollar since early December. Markets cheered data showing that the jobs picture in the US continues to improve, as the four-week average jobless claims fell to the lowest level since 2008. The move in broader markets, coupled with the continued tensions over Iran, sent oil prices up for the sixth-straight session despite weaker data on the US oil market. The US Energy Information Administration said oil inventories rose by 1.6 million barrels last week, topping analysts' expectations calling for a 500,000-barrel increase. The rise in stockpiles, coupled with a 1.5 percentage point increase in refiners' capacity utilisation, signalled that oil is available to meet current demand. But even as usage of fuel products remains "extremely weak," worries about Iran have kept traders from betting on a fall in prices, said Jaya Bajpai, managing director of Trajan Investment Management. "Iran remains a wildcard and the consequences are so extreme that no one wants to be caught short," Mr Bajpai said. Traders worry that a stand-off between Iran and the West ahead of the EU's coming Iranian oil embargo could disrupt some of that country's 3.5 million barrels a day of production from hitting the market. Oil prices have surged over the past month, gaining 9.6 per cent since the beginning of February on improving economic data and growing tensions surrounding Iran. Analysts are keeping close watch on oil-market data for any signals that high prices are cutting into demand or prompting refiners to increase their production of fuel products. Front-month March reformulated gasoline blendstock, or RBOB, settled US2.59c higher at $US3.1136 a gallon. March heating oil settled US2.25c, or 0.7 per cent, higher at $US3.2949 a gallon. ---- Would oil prices continue to be so high if we got rid of all the speculators?

EUR/USD: Lately the pair has been bullish and the candle formations were indicating higher prices. So it was no surprise that we saw a strong price action to break 1.33 level yesterday. Today the pair is still bullish and trying to stay above 1.3360 during the Asian session but it is possible that we may visit 1.3320 before we move towards 1.3455 today. To the downside there is support at 1.3242 and 1.3205. GBP/USD: The cable bounced from 1.5650 yesterday but the bullish momentum was not enough to penetrate 1.5755/65 zone. EUR/GBP chart shows that the British pound is pretty weak compared to the euro. Price will need to break above 1.5765 in order to remain bullish and go higher. If the bulls can pass that level then I will be looking for 1.5830 and 1.5865. If the pair fails to break 1.5755/65, look for support at 1.5650 and 1.5560. USD/CHF: USD/CHF daily chart is indicating that we could see prices dropping today. The pair slipped below 0.9100 level which was a strong support for 3 weeks. I think that price will most likely push lower, to the 0.8930 level before rebounding. If 0.8930 is breached, we will probably see price fall to around 0.9765. However we see price bounce from this level, we can expect resistance at the previous support zone of 0.9100. USD/CAD: The pair has been consolidating between 1.0000 and 0.9900 level for weeks. Besides, the Canadian dollar has always been sensitive to oil markets. It is possible that the pair will revisit 0.9900 area today. If price breaks lower than 0.9900, there will most likely be resistance at 0.9790. I am neutral on this pair until we close above 1.0070 or below 0.9900.

closed @ 1.0743. I may consider longing again though, maybe 1.0700 area

ah I see...I would be glad if you attach a screenshot on a daily chart so that we can visualize the trades taken

closed 1/2@ 1.0679...moved sl to entry...let it run

hmm eur/chf back to 1.2054, added more to position that I have been holding

long at 1.0630 with sar at 1.0590 seems fine today