EurAnalysis

Nah, boobs fixing department is better leave it to the expert, namely Swiss.

Take a close look at the 15M USDX chart... Right in the center... Is that your Long Dong Silver???

Yep... Sounds like unbalanced assets to me.

So far good .. 4 hrs left only for the week

Anybody think we're going lower here? We're at the 50% retrace from today's low/high.

What say you?

Tom,
The thread tends to be Europe centrist so I give a US side of the equation an effort.
I am bias as my political inclinations are quite Libertarian in origin, but that does not exclude trading.

It does put me into countertrend moves which can turn out well if done at the right time. When a new trend begins and the old ends. Such is where I think the markets are now.

The Central Banks have done their thing and all the money printing has not turned the economic corner. Of course the CB's will argue that they have contributed as what else will they say other then to justify their own actions.

But since the Euro/USD is rather erratic I tend to find that playing the deflation scenario can work with Euro/Cad, Euro/AUD, GBP/CAD, GBP/AUD, USD/AUD is starting to look as if it is catching on and USD/CAD still has some ways to go for a reversal (but today will see if it has found major support that holds on the daily)

Since the Euro is in a deflation possibly depression in some countries there is the underpinnings of the fundamentals. It is spilling into the GBP, and the US economy is not rocketing off into space, so deleveraging remains intact.

I think China is only being held together by the central authorities in a mad scramble to maintain the power elite. so am bearish on the Aussie.

Poor Marco

.... where they have 2 options representing the same circus.

No it's better to vote at Miss America where you have 50 candidates. Just my 2 cent.

Looking at monthly trading behaviour and especially trading within a range these last few weeks, It will not surprise me if PA returns to the daily POC, thus completing a rountrip.

Newswire: ECB bond proposal will be given to the Central bank heads Sept 4th before the rate decision ECB meeting on Sep't 6th. The idea is to give the CB heads time to digest before a potential unveiling of the plan. Not a guarantee they will follow through with the plan.

What ever the hell that means.

Still reading that document and looking at yesterday's price movement (while trying to visually see yesterday's POC), I have 1.2545 (or there abouts). Is that correct? This would coincide with the 61.8% retrace.

PS: You can tell me to f'off and finish reading the document. I won't get offended

I don't talk like that.

I have daily POC at 1.2515/20 area.

Ohhhhps ...that explains all ... lol ....

For real, IMO nothing from the fiscal side until election is over. If Obama wins they have a slight chance of seeing something a bit more aggressive on the fiscal side as he will not have the "reelection effect" of all 1st term presidents...while the Republicans look so far a bit "confuse" on their economic plan (as confuse as Obama was when he took office) during ealry campaign so that will delay any prospect of any fiscal solution until late 2014...in both cases assuming they actually have a coherent plan ....

IMO, the US economy will pick up via the private sector not via the public sector and therefore the fiscal problems will be addressed only when the economy starts picking up.

Although it make 100% sense to fix the fiscal side (for 90% of the economies of the world) it is not necessarily efficient to do it very aggressive in the short term in countries like the US when they have the monopoly of dollar, a very competitive economy (despite of all the crying of the media last few years), a big room of maneuver from the monetary side, a even bigger room for maneuver in the credit markets, and they are just leaving the recession hole.

Despite the above, I don't think we will ever see fiscal fix first and the rest after as it will be a political suicide (for any party) in the US to expend 4 years or more "fixing" a problem that could trigger something that, maybe very "distant" in the future, can trigger a catastrophe....

Making every US citizen in the process sit tight and bite the bullet (oh yes fixing that fiscal problem requires a lot of pain for the average Joe despite of what politicians say) until the fiscal problems are solved is not going to happen any time soon...

In simple words, I see a lot of QE mumbojumbo until election. 2013 is the key year, if the economy star picking up (private sector) the fiscal issues will fade rather quickly .... The best solution for the US in the short/mid and long term is making the economy work and start addressing the long term fiscal problems on the highs not on the recession ....

That's the big difference between let say Greece, Portugal, etc and the US ....The Pigs don't have a competitive economy, the monopoly of the printing the world's reserve currency, access to unlimited credit (they barely have access to short term credit) and 0 room of fiscal maneuver ...in simple words, they don't have a choice, either they fix the house or die ...the US can leave the house dirty for a couple of summer weekends ....nothing will change


sisse

Check your PM.

You didn't have to say it.. You could have just typed it

Let's not get the ladies in the house too excited.

Thanks Swiss. Guess I'd better continue reading!

Appreciate that PT. Very useful, thanks