EURUSD - Trends, Forecasts and Implications (Part 2) - page 209

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And it also draws a triangle by other parameters
 
14:50 23/07 DJ: OVERVIEW: Euro falls to intraday low below $1.28 -2-
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/With continuation/.
NEW YORK, July 23 (ANI). /Dow Jones/. The euro briefly fell to an intraday low below $1. 28 on Friday amid talk of criteria for stress tests of European banks.
Investors are nervous about the details of the stress tests, said Hans Redeker, head of currency analysis at BNP Paribas in London, and especially about talk that a discount on the value of assets pledged against loans is only implied for the trading portfolio and does not apply to the investment portfolio.
"The market saw this negatively, in the sense that the tests were not rigorous enough," says Redeker.
These tests, which will indicate whether European banks have enough capital, will be the most important event of the day and their results will set the benchmarks for the euro and the dollar for next week, analysts say.
If too many banks fail the tests, it could raise concerns about the health of the eurozone banking sector. And if too many banks pass those tests, the markets may view them as unreliable.
The Committee of European Banking Supervisors, headquartered in London, has subjected 91 eurozone banks to tests to see whether their capital levels meet minimum requirements under various adverse scenarios.
The continuous leakage of information and optimistic forecasts from commercial banks, central banks and authorities suggests that the vast majority of banks even in the most troubled economies probably passed the tests.
This has economists wondering how rigorous these tests were and whether they can convince investors that European banks have overcome the debt crisis.
The euro/dollar pair rose to 1.2966 before a steady decline in the morning in New York before the current session began after news from Germany backed a stream of data from Europe and the US that proved more favourable than forecast.
-Author Frances McInnis, Dow Jones Newswires; 212-416-3417; frances.mcinnis @ dowjones.com; translation by PRIME-TASS; +7 495 974 7664; dowjonesteam @ prime-tass.com.
/Conclude/.
Dow Jones Newswires, PRIME-TASS
 

Nedojones does not need to be published here. Firstly, everyone has it, and secondly, it is hard to find a more deceptive source of information. They manage to write that the rate went up, when it is falling steadily and vice versa. That is, they write without looking at charts and real data.

It is free because no one will buy such nonsense.

I even suspect that they have a software generator of articles, you just need to press the button and it will produce another "Market Watch". But out of laziness they don't even hit the button.

 
That's a lot of scaremongering, but nothing seems to be happening.
 
So there shouldn't have been anything. I mean there shouldn't be any strong movements, as if there is no special reason yet or we don't know it.
 

so far so good... although a bit ahead of schedule... going white.... let's see what happens next......

 

Japan was correcting the Yen - when it was rising, they sold for dollars - the dollar rose, the euro was not traded - they waited, gold fell - they did not wait for it to fall because of the high dollar, silver was not traded - the rate remained unchanged. Gold declined - Yen is not going up any more.

Stress tests have nothing to do with it.

 
the pound is being prepared for a reversal in my opinion
 
Gold fell because the Euro was bought back from 1.28. There were no strong movements in the Yen today. A correction would have either led to a strong fall in the yen or would have been applied when it was rising strongly. That did not happen.
 

Good evening, everyone.

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