Dislikedright now it is heading back to the R2 and as for going up.... That will depend on the announcement.Ignored
The Chonchy
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Dislikedright now it is heading back to the R2 and as for going up.... That will depend on the announcement.Ignored
DislikedWhat traders do not understand is the balance of power within the monetary system...... The USD is fiat money with no value, in other words, there is no metal to back it. But the USD is the most used money in the world and the FEDS control that world wide and by using that control balances the spending of of all currencies in the world.Ignored
DislikedJust like right now..... The announcement favored the dollar and look which way it is going.Ignored
DislikedOh I know that, I just don't see that as a problem. By the way the Feds don't control it worldwide, the Chinese and the Japanese own more of our currency than anyone else so they excercise a nice bit of control as well.Ignored
DislikedThere's too much transparency in forex, this ain't equities. Everyone knows who's holding what, when and where. Which is why if you're on the wrong side of a big trade other traders put the knife to your throat.Ignored
DislikedWell, that is debatable because if Asia owns most of the USD then they have something that has no value. That doesn't make since. Remember - The dollar has no value except for the price of printing which is about $0.04 per bill. may it be $1.00 or $1,000.00Ignored
DislikedYou're stating something different than what I said, I said that since the Asians own more of our currency than anyone else, meaning aside from the US, they have a vested interest in keeping the rate at a reasonably high level as compared to their own currency. Which is why there is never an outcry when the Japanese blatantly interfere in the market either tacitly or directly. As for the chinese, they own a ton of treasuries and dollar denominated issues as well as currency which is why they also keep their own currency artificially low. As for owning something that has no value, don't you pay with us dollars? Nothing has any value, except what an individual or a community of individuals attaches to it, but ofcourse now we're getting into semantics. Point is the Chinese/Japanese own a ton of US dollar and have a vested interest in seeing it remain high so as to not diminish their combined trillions of us holdings.Ignored
DislikedYou're stating something different than what I said, I said that since the Asians own more of our currency than anyone else, meaning aside from the US, they have a vested interest in keeping the rate at a reasonably high level as compared to their own currency. Which is why there is never an outcry when the Japanese blatantly interfere in the market either tacitly or directly. As for the chinese, they own a ton of treasuries and dollar denominated issues as well as currency which is why they also keep their own currency artificially low. As for owning something that has no value, don't you pay with us dollars? Nothing has any value, except what an individual or a community of individuals attaches to it, but ofcourse now we're getting into semantics. Point is the Chinese/Japanese own a ton of US dollar and have a vested interest in seeing it remain high so as to not diminish their combined trillions of us holdings.Ignored
DislikedWell, Let me put it this way so you get an idea of what will happen when the market crashes or the economy had deteriorated to nothing..... That dollar you have in your pocket will not even be worth the paper it was printed on.... Only value of money will be silver and gold..... so don't believe that any country has an interest in the US dollar because it is not true... They may want you to think that for moral purpose but that is it.....Ignored
DislikedSee you're mixing up two vastly different issues. You're assuming, why I don't know, that I'm wholly unaware of the post Bretton Woods fallacy that is the current US treasury situation. I'm merely saying to you that if everyone is holding us dollars they are beholden to that currency until such time when they are able to switch to euros, or perhaps the day that the Yuan Renmibi or Yen become the worlds defacto currency. Till that faithful day they're all on a mission to prop up the US. The US dollar should've been worthless many moons ago, and it's not kindness that prevents this happening or "Great economic data" it's cold and calculate business sense. As for the value of silver and gold, you're preaching to the choir, I've traded metals and energy long before I got into forex.Ignored