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  • Next Comes The US Downgrade

    From zerohedge.com

    Read Full Story at zerohedge.com

    From SocGen: The scaled-down deal passed in the Senate addressed the fiscal cliff but did nothing to address longer term fiscal health of the nation. This puts the US rating at risk for a downgrade. However, credit rating agencies may decide to wait and see what emerges from the subsequent talks. There is an implicit new cliff at the end of February related to the sequester and to the expected exhaustion of extraordinary measures related to the debt ceiling. This date is expected to be used by Republicans as leverage for spending cuts. President Obama has already signaled that a new round of ... (full story)

    • Guest

      IP XX.XXX.120.202
    • Even if US will be downgraded who really cares about it? Will it change anything and whole world will stop believe in mighty US Dollars?;D

    • Loadedgun

        3,011 posts
    • Quoting Aussiegirl
      Will that make the USD go up ?
      It depends and then again that is if the market takes notice of it at all. Because it would be an unscheduled event some other factor might be said to be in play more important than that consideration.

      In my experience it is usually more reliable to study a system of pivots that indicates to the trader what the market has "negotiated" on a given day or period to trade direction.

      Fundamental analysis is easily akin to voodoo and other such practices such as reading the entrails of dead animals to tell the future. In market fable you hear of those who use it to win trades consistently - but if you believe that you would believe anything and or have just started the business of trading.

      Happy new year

    • Loadedgun

        3,011 posts
    • BTW was watching this program (really fascinating) about this Arab who went to Australia to see how he could save the camels in the outback that the government is culling. I did not know there where camels so many in that country they have become a problem. Really interesting.

    • Guest

      IP XXX.XXX.32.38
    • Why isn't the euro going up? I thought it was going up today.

    • Loadedgun

        3,011 posts
    • I am trading it down - been thinking it should see the 1.30 handle before it sees 1.357. I do not seek a reason just a pattern of pivots. One says up, the other tells when it is down and the other when it is flat. I guess there will be as many reasons as there are traders or analysts or whatever - but who cares?

    • shaf04

      13 posts
    • Quoting Loadedgun
      I am trading it down - been thinking it should see the 1.30 handle before it sees 1.357. I do not seek a reason just a pattern of pivots. One says up, the other tells when it is down and the other when it is flat. I guess there will be as many reasons as there are traders or analysts or whatever - but who cares?
      agreed..it's all depent on market. who knows exactly what market will do..
      last night i just closed my EU short position that opened from end of december only for a bit of profit after hold quite big of floating loss for several days.. and it's time for long.

      Happy New Year All.

    • TraderJoe
      TraderJoe's Avatar

        516 posts
    • What would make it go up is a firm comittment by the US to get spending under control and lower taxes, something Obama and his crew are firmly against.


      Quoting Aussiegirl
      Will that make the USD go up ?

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