Thought it about time we had a separate thread for currency plays.

Charts Currently Removed - New Ones To Follow Soon

Good Reading If You Like FX
http://www.mizuhobank.com/fin_info/exchange.html

Dollar wagers

Doesn't look like its going to break out of the range, with QE and Greece in turmoil why hold Euros I think will become the question. I await shorting signals to further establish.

Well the EU are clearing the way for QE, an increase in money supply will weaken the Euro, we have Greek elections on the 25th and I wonder how long sanctions against Russia will take before the default (like in 89.) on debt. Certainly any default will crack Germany and forward looking could well be the fatal blow to the entire currency whhooppieeee... So a Euro short against the majors continues to be a no brainer right now. I may extend short positions.

Boom, get in..... Ker-ching...! :-)

Swiss franc soars as Switzerland scraps ban on cap
http://www.bbc.co.uk/news/business-30829917

Barclays loss
on Swiss franc moves

Fall looks overdone and a move back to the 25 day moving average first target now. The market awaits the ECB QE programme due this week.

The ECB will purchase bonds worth €60bn per month until the end of September 2016 and possibly longer - far more than previously expected.

The ECB has also said eurozone interest rates are being held at the record low of 0.05%, where they have been since September 2014.

ECB president Mario Draghi said the programme would begin in March.

He told a news conference the ECB would be purchasing euro-denominated investment grade securities in the secondary market.

He said the programme would be conducted "until we see a sustained adjustment in the path of inflation", which the ECB has pledged to maintain at close to 2%.

No reason not to be short and stay short on this news...

ECB STIMULUS PLAN
Via Twitter Nouriel Roubini Professor at Stern School, NYU tweets: ECB went for a larger QE program (over 1tr euros) in exchange for low risk sharing (only 20% of bonds purchased by ECB, 80% by NCBs [national central banks]) #WEF

All we need now is for Cameron to win the election, take us into the EU fully and watch our savings shrink as they get revalued as Euro's....

Finland’s prime minister opened the door on Thursday to a renegotiation of the terms of Greek debt short of a writedown in the face value owed, ahead of elections on Sunday. Speaking at the World Economic Forum in Davos, Alexander Stubb said that his country could consider extensions to the maturity of the debt and changes in the conditions attached to the debt, but no debt forgiveness. His Irish counterpart, Enda Kenny, the Taoiseach, agreed – FT.

Pound gains strongest level in seven years versus Euro

The only piece of news that really interested me was that America is looking to increase its sanctions against Russia..... This will surely have further downwards pressure on the Rouble and cause the government to carry on buying it to help stabilise the currency. With an increasing deficit brought about through trade sanctions and currency stabilisation the odds that we'll see a 1998 debt default are increasing.

Worth a read http:http://www.economist.com/node/21636720//

The Russian government is to spend at least 2.34 trillion roubles ($35bn, £23bn) to try to stave off an economic crisis, following a collapse in oil prices and the value of the rouble.

http://www.bbc.co.uk/news/world-europe-31018881

Have taken a Chunnel long just now as we broke above .75

Euro-dollar parity

Dollar licks its wounds

What's happened to Shortie?

He defected to over the road :(

Really! Why?

Not sure , it was after Goldfinger got banned .