Disliked{quote} Jermone Powell, China & US talks, and the new ECB head. More the latter reallyIgnored
2
- #90,762
- Jul 3, 2019 3:27pm Jul 3, 2019 3:27pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} and tomorow probably another flaaat. usd bank holday
Can you afford to take that chance?
- #90,765
- Edited 5:35pm Jul 3, 2019 5:00pm | Edited 5:35pm
- Joined May 2015 | Status: Trader | 1,148 Posts
All data Bad. but USD still strong. Why ?{image}
We just broke out of a falling wedge on the daily. We'll see how it plays out in the long run, we can't predict everything and better trade what we see as mentioned before.
But for now the us governement is manipulating the stock market until the next election, doing everything to prevent a crash including lowering rates, inflating the bubble even more.
It's not a time to lower rates believe you me... it's the one thing to do to get out of a recession and get the economy going again.
Rates should have been at 5% and more for a long time.
Central banks will be out of ammunition... in my opinion (and certainly not only mine), we are heading to a world economic crisis, we'll only see once in our lifetime.
Talking recession??... no I mean depression! Many people will lose jobs and it will last for years.
Why do you think tankers are exploding, and tensions are highest with Iran. It's all to manipulate to oil price.. I wouldn't be suprised to see something major happening the next few weeks.
Just compare the stock market crash of 2008 with the one in 1920, see what happend after. A long bull run with low interest rates. High margins.. and then came the great depression..
https://www.investopedia.com/terms/g...depression.asp
Oh and then they started raising tarrifs.. at the end of the decade.. world war 2.
Jobs are already being cut everywhere, including where I work. Deutsche bank is talking about 20 000 job cuts.
I can go on and on..
I don't want to sound all negative, but I think a major conflict is inevitable. (And god I hope I am wrong)
There is already an economic war and probably cyber war playing in the background.
China, Russia and Europe created their own banking system, (to fight swift). So they can trade with each other, and with Iran.. Turning their back to the dollar.
In the end it's all fiat currency, it's backed by NOTHING.
Creating money creates more debt, that's it. And debt is higher than ever before.
Also these countries are stacking up gold and getting rid of American debt.
We are (in my opinion) heading towards a new monetary system, no more US dollar as backup currency.
Gold, Bitcoin, maybe Yuan? Who knows.
For now to fight deflation, interest rates are lower than ever. Going in the negative even..!
This is just the start, after the stock market crashes we will probably see hyperinflation.
And in the mean time, most people here are partying, like ever before.. Not knowing what's coming.
Caring to much about reality tv, just being ignorant.
We trade what we see ofcourse, and I don't know exactly what is going to happen, but in the long run.. with rate cuts in mind.
Overall I think the dollar is going to weaken.
Grtz
Inserted Video
What's that smell? ---- I smell money!
- #90,767
- Jul 3, 2019 5:53pm Jul 3, 2019 5:53pm
- Joined May 2013 | Status: Trader | 1,457 Posts
Neither a Bro Nor a Pro I am I
- #90,768
- Jul 3, 2019 5:55pm Jul 3, 2019 5:55pm
- Joined May 2015 | Status: Trader | 1,148 Posts
{quote} Hi SteFX85, Is it buy signal generated by Mr President Trump . If so I can make a 0.5 lot buy .
The fundamentals play out in the long run.
When taking an intra day trade, all this shit doesn't matter one bit.
But I needed it to get of my chest.
Good luck!
Grtz
What's that smell? ---- I smell money!
- #90,773
- Jul 3, 2019 8:01pm Jul 3, 2019 8:01pm
- Joined Sep 2013 | Status: Trader | 1,646 Posts
{quote} I talking about a big round shoulder girls can cry on.. It will take at least a week to completeStay Green
Don't believe me just watch!
- #90,774
- Jul 3, 2019 8:15pm Jul 3, 2019 8:15pm
- Joined Sep 2013 | Status: Trader | 1,646 Posts
icant believe what manipulation today they doing with this spikes . GUYS FX BECAMING ROULETTE!!
This is just an example I begin with half lot now I got just a little for 6 months, no matters the swap if you got 700 pips and good trade management. Day trading is not easy, Long trades are very easy to win.
UC (Ata just for my example
)
Don't believe me just watch!
- #90,777
- Jul 3, 2019 9:45pm Jul 3, 2019 9:45pm
- Joined Nov 2018 | Status: Trader | 4,643 Posts
ex nihilo
- #90,780
- Jul 3, 2019 10:36pm Jul 3, 2019 10:36pm
- Joined Nov 2018 | Status: Trader | 4,643 Posts
ex nihilo