Dislikedmoved into green territory as from 1.3405, everything up from here is profit. Nice feeling to be out of waterIgnored
Observation is the path to discovery.
EurAnalysis Kindergarten 24 replies
Dislikedmoved into green territory as from 1.3405, everything up from here is profit. Nice feeling to be out of waterIgnored
DislikedThe fun is just beginning in my view. The RSI is looking really strong and may breakout in the next 4 hours.Ignored
DislikedThe fun is just beginning in my view. The RSI is looking really strong and may breakout in the next 4 hours.Ignored
DislikedThe fun is just beginning in my view. The RSI is looking really strong and may breakout in the next 4 hours.Ignored
DislikedS&P H4 chart is showing three straight green bullish divergence arrows on the Trix. The RSI has broken out of its downtrend line. I expect price to retrace to the 61.8% Fib level of 1228, which coincides nicely with the 200SMA (Blue Line). This in turn will carry the euro higher and should drop the USD Index to 76-76.50 level. All of this should happen by Dec. 15th or so.Ignored
DislikedI mentioned in the other thread. Watch-out for panic. "Dexia asking for emergency liquidity funds all over europe. It was just reported, but as Piters were showing yesterday, a run on banks across the world is a HUGE trigger for panic. A liquidity run is not easy to stop so politicians will not have anything to do if it triggers except, rescue the survivors after.... Watch out for banks running the show"
That can become huge if it doesn't stop straight away....
In any case, GL. Not worth to take that trade in H4 in my case. Daily/weekly...Ignored
DislikedI mentioned in the other thread. Watch-out for panic. "Dexia asking for emergency liquidity funds all over europe....Ignored
DislikedI mentioned in the other thread. Watch-out for panic. "Dexia asking for emergency liquidity funds all over europe. It was just reported, but as Piters were showing yesterday, a run on banks across the world is a HUGE trigger for panic. A liquidity run is not easy to stop so politicians will not have anything to do if it triggers except, rescue the survivors after.... Watch out for banks running the show"
That can become huge if it doesn't stop straight away....
In any case, GL. Not worth to take that trade in H4 in my case. Daily/weekly...Ignored
DislikedThe solution to liquidity problems can be a real headache. Last time we had one the Euro popped 1100 pips.Ignored
DislikedAnyway. ECB still has something like 194 Bn to sterilize from SMP operations. They probably didnt sterilize it so far because of that liquidity issue. We all know that ECB should enhance money supply and weaken EUR, but goal of ECB so far was to strenghten EUR and I think it is because of heavy German influence on ECB. But if we assume Germans are loosing grip and yesterdays failed auction was another strike to their strenght, we could predict ECB will soon stop beeing bullish and will be working on devaluating of EUR.
Would be glad if someone...Ignored
DislikedAnyway. ECB still has something like 194 Bn to sterilize from SMP operations. They probably didnt sterilize it so far because of that liquidity issue. We all know that ECB should enhance money supply and weaken EUR, but goal of ECB so far was to strenghten EUR and I think it is because of heavy German influence on ECB. But if we assume Germans are loosing grip and yesterdays failed auction was another strike to their strenght, we could predict ECB will soon stop beeing bullish and will be working on devaluating of EUR.
Would be glad if someone...Ignored
DislikedI donīt think the Fed/ECB will let that happen again. There are silver bullets in case they are needed. Money printing (QE3) and Eurobonds. The announcement of either would immediately spark a huge rally in the markets and the euro. I bet you they are being considered as we speak in case things begin to get out of hand.Ignored
DislikedYeap ... Lehman and the other thousand of banks collapsing bars in the monthly chart is self-explanatory (and that was without EZ debt on the table).
The fall in the euro will be "peanuts" and will be limited to the Euro collapse in whatever ECB band/floor set for the process in comparison (in relative terms) with the other markets. Indexes, Gold or Oil will be the one to trade....
sisseIgnored
DislikedYou have to figure that 197 Billion is quantitative easing until they sterilize it. And how are they going to do that when they are having a liquidity crisis?
I wonder what the price of gas (and inflation) would be like if the Euro fell to parity.Ignored