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  • #72,741
  • Jul 30, 2020 6:46pm Jul 30, 2020 6:46pm
Quoting euroboy2208
{quote} Asia has been madly buying euro since start of week..crazy..
I'm thinking the fundamentals are finally catching up.
US is weaker than EU and Asia. And this will persist until they get the corona virus under control - which they can't because
1)Vaccine is not ready
2)Trump.

So unless we get a vaccine or a capable US leader, the weakness in the US economy should persist. And based on election/vaccine approval timelines, we have a few more months of dollar weakness to go.

The mad rush to sell dollar probabbly accelerated after we broke 1.15. And I don't think we'll stop soon.

Edit: Right now, I do hope EU will fall back to 1.1810 area. But judging from the momentum I don't know if it is possible. Light support at 1850. Not even sure if we can drop down there.
  • #72,742
  • Jul 30, 2020 6:53pm Jul 30, 2020 6:53pm
Quoting thelws
{quote} I'm thinking the fundamentals are finally catching up. US is weaker than EU and Asia. And this will persist until they get the corona virus under control - which they can't because 1)Vaccine is not ready 2)Trump. So unless we get a vaccine or a capable US leader, the weakness in the US economy should persist. And based on election/vaccine approval timelines, we have a few more months of dollar weakness to go. The mad rush to sell dollar probabbly accelerated after we broke 1.15. And I don't think we'll stop soon. Edit: Right now, I do hope...

I think this bull run should stop somewhere between 1.19 - 1.20 ..who knows bastard will show 1.20 also tomorrow
  • #72,743
  • Jul 30, 2020 6:59pm Jul 30, 2020 6:59pm
Quoting euroboy2208
{quote} I think this bull run should stop somewhere between 1.19 - 1.20 ..who knows bastard will show 1.12 also tomorrow
Tbh where it will stop is a bit hard to pin point.

But if nothing changes, dollar will keep getting weaker. The fundamentals demands it. Just keep selling the dollar rallies.
  • #72,744
  • Jul 30, 2020 7:04pm Jul 30, 2020 7:04pm
Quoting thelws
{quote} I'm thinking the fundamentals are finally catching up. US is weaker than EU and Asia. And this will persist until they get the corona virus under control - which they can't because 1)Vaccine is not ready 2)Trump. So unless we get a vaccine or a capable US leader, the weakness in the US economy should persist. And based on election/vaccine approval timelines, we have a few more months of dollar weakness to go. The mad rush to sell dollar probabbly accelerated after we broke 1.15. And I don't think we'll stop soon. Edit: Right now, I do hope...

I dont get your covid comnent?? Us is still doing pretty ok with covid compared to other countries ? A shame that people are dying at all, but statistically USA is doing ok. Yes, they have alot of cases, but i think most people dont know their geography and cant calculate... USA has “pretty” many inhabitants!

Do the math yourself and count deaths per population. USA is not the worst, so sure do the anti Trump propaganda and enjoy yourself. I am no Trump fan but this literally crap talk of US covid respons is a pure media invention.. Trump was also the first to give the call to stop international flights, offcourse beeing called a rasist for that... Italy, Sweden, Belgium Spain etc have all more deaths per total inhabitants than USA... And all these countries have use widely different tactics, which of no statistical significance in outcome has been shown...
  • #72,745
  • Jul 30, 2020 7:10pm Jul 30, 2020 7:10pm
Quoting krst8
{quote} I dont get your covid comnent?? Us is still doing pretty ok with covid compared to other countries ? A shame that people are dying at all, but statistically USA is doing ok. Yes, they have alot of cases, but i think most people dont know their geography and cant calculate... USA has “pretty” many inhabitants! Do the math yourself and count deaths per population. USA is not the worst, so sure do the anti Trump propaganda and enjoy yourself. I am no Trump fan but this literally crap talk of US covid respons is a pure media invention.. Trump...
I'm not political. I'm not even from US. I don't care about trump.

But if I manage 100 bil worth of funds, I'm not putting my money in US when they can't even get their act together. Asia is already starting to recover economically. And europe is following. I'd rather park my money in these 2 regions because they are going to improve over time while the US is still stuck with the virus. Economic numbers don't lie. US is in deep shit right now, and they aren't doing anything to get out of it.
  • #72,746
  • Jul 30, 2020 7:17pm Jul 30, 2020 7:17pm
wow! even a Federalist Society founder is calling for impeachment.

"I have voted Republican in every presidential election since 1980, including voting for Donald Trump in 2016. I wrote op-eds and a law review article protesting what I believe was an unconstitutional investigation by Robert Mueller. I also wrote an op-ed opposing President Trump’s impeachment.
But I am frankly appalled by the president’s recent tweet seeking to postpone the November election. Until recently, I had taken as political hyperbole the Democrats’ assertion that President Trump is a fascist. But this latest tweet is fascistic and is itself grounds for the president’s immediate impeachment again by the House of Representatives and his removal from office by the Senate."
Here is what President Trump tweeted:
those who can, do. those who cant, talk about those who can
  • #72,747
  • Jul 30, 2020 7:17pm Jul 30, 2020 7:17pm
Quoting thelws
{quote} I'm not political. I'm not even from US. I don't care about trump. But if I manage 100 bil worth of funds, I'm not putting my money in US when they can't even get their act together. Asia is already starting to recover economically. And europe is following. I'd rather park my money in these 2 regions because they are going to improve over time while the US is still stuck with the virus. Economic numbers don't lie. US is in deep shit right now, and they aren't doing anything to get out of it.
i can agree that it appears to be a power fight in USA that should perhaps not be mixed with actual covid issue. So can agree on that!

As it an election year, for sure there is political powers wanting to screw the US economy over so they can win the election . So in Europe all now is basically open up like there was not a yesterday , explicate country leaders have admitted that lives must be lost to save the economy... When Trump say to open up, people just call him stupid.

Again, not caring of any of these politicians, but the media frenzy is funny to se.
  • #72,748
  • Jul 30, 2020 7:18pm Jul 30, 2020 7:18pm
wow! even a Federalist Society founder is calling for impeachment.

"I have voted Republican in every presidential election since 1980, including voting for Donald Trump in 2016. I wrote op-eds and a law review article protesting what I believe was an unconstitutional investigation by Robert Mueller. I also wrote an op-ed opposing President Trump’s impeachment.
But I am frankly appalled by the president’s recent tweet seeking to postpone the November election. Until recently, I had taken as political hyperbole the Democrats’ assertion that President Trump is a fascist. But this latest tweet is fascistic and is itself grounds for the president’s immediate impeachment again by the House of Representatives and his removal from office by the Senate."
Here is what President Trump tweeted:
https://www.nytimes.com/2020/07/30/o...ronavirus.html

By Steven G. Calabresi
Mr. Calabresi is a co-founder of the Federalist Society and a professor at Northwestern University’s Pritzker School of Law.
those who can, do. those who cant, talk about those who can
  • #72,749
  • Jul 30, 2020 7:20pm Jul 30, 2020 7:20pm
watching 1919 on eu.. it should hit 1887/88 shortly
those who can, do. those who cant, talk about those who can
  • #72,750
  • Jul 30, 2020 7:23pm Jul 30, 2020 7:23pm
Quoting krst8
{quote} i can agree that it appears to be a power fight in USA that should perhaps not be mixed with actual covid issue. So can agree on that! As it an election year, for sure there is political powers wanting to screw the US economy over so they can win the election . So in Europe all now is basically open up like there was not a yesterday , explicate country leaders have admitted that lives must be lost to save the economy... When Trump say to open up, people just call him stupid. Again, not caring of any of these politicians, but the media frenzy...
This is only true for maybe UK and a handful of other countries like sweden.
The rest of europe is still in partial lockdown. But they are slowly opening up carefully.

Don't kid yourself. The virus is the main reason we're in this mess. And it is the main thing we need to control if we want to move forward. I don't dabble in conspiracy. I dabble with facts.

Anyway, I'm not here to convince you what to believe. You can think the moon's position is what's causing dollar weakness. I don't really care. But if you're not shorting dollars, you're going to have a tough time.
  • #72,751
  • Jul 30, 2020 7:26pm Jul 30, 2020 7:26pm
Quoting thelws
{quote} I'm not political. I'm not even from US. I don't care about trump. But if I manage 100 bil worth of funds, I'm not putting my money in US when they can't even get their act together. Asia is already starting to recover economically. And europe is following. I'd rather park my money in these 2 regions because they are going to improve over time while the US is still stuck with the virus. Economic numbers don't lie. US is in deep shit right now, and they aren't doing anything to get out of it.
That makes sense. But keep in mind, the worlds consumer is the U.S. The less the U.S. buys. The less the world sells. The less others all around the world will buy. So a bad U.S. economy will be everyone's concern. Don't think others are unaffected. A U.S. recession can equal a depression in places reliant mostly on U.S. sales. We are all connected with a chain around the neck.
those who can, do. those who cant, talk about those who can
  • #72,752
  • Jul 30, 2020 7:27pm Jul 30, 2020 7:27pm
All longs on EU and AU hit TP while I slept. Still holding half of UJ shorts. UJ closed gap on daily from March 9th, closed half there. Short EU 1.888
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  • #72,753
  • Jul 30, 2020 7:27pm Jul 30, 2020 7:27pm
Quoting thelws
{quote} This is only true for maybe UK and a handful of other countries like sweden. The rest of europe is still in partial lockdown. But they are slowly opening up carefully. Don't kid yourself. The virus is the main reason we're in this mess. And it is the main thing we need to control if we want to move forward. I don't dabble in conspiracy. I dabble with facts. Anyway, I'm not here to convince you what to believe. You can think the moon's position is what's causing dollar weakness. I don't really care. But if you're not shorting dollars, you're...
Dont take me wrong, i agree with you! But in the end the virus has been a trigger, however not the absolute cause and pulled up alot of crap from below....
  • #72,754
  • Jul 30, 2020 7:29pm Jul 30, 2020 7:29pm
Quoting gatorinla
{quote} That makes sense. But keep in mind, the worlds consumer is the U.S. They less the U.S. buys. The less the world sells. The less others all around the world will buy. So a bad U.S. economy will be everyone's concern. Don't think others are unaffected.
Exactly, short and clear point! Us going down is going to be a delayed “shit storm” in rest of world, but give it a quarter or two... or should we say sub prime crash anyone?!? :-)
  • #72,755
  • Jul 30, 2020 7:37pm Jul 30, 2020 7:37pm
Quoting krst8
{quote} i can agree that it appears to be a power fight in USA that should perhaps not be mixed with actual covid issue. So can agree on that! As it an election year, for sure there is political powers wanting to screw the US economy over so they can win the election . So in Europe all now is basically open up like there was not a yesterday , explicate country leaders have admitted that lives must be lost to save the economy... When Trump say to open up, people just call him stupid. Again, not caring of any of these politicians, but the media frenzy...
We call him stupid because he is stupid. Most people have changed their way of living regardless of opening or not. Trump has no control over who opens or not. That's a state issue. Every day he losses more of the little credibility he has. People in the red states are getting a reality check. Corona is no longer fake news. You have to get it under control or people will go out less, and shop less. Trump cant make people shop.
those who can, do. those who cant, talk about those who can
  • #72,756
  • Jul 30, 2020 7:38pm Jul 30, 2020 7:38pm
Quoting krst8
{quote} Exactly, short and clear point! Us going down is going to be a delayed “shit storm” in rest of world, but give it a quarter or two... or should we say sub prime crash anyone?!? :-)
This is potentially bigger than any crash we have ever seen.
those who can, do. those who cant, talk about those who can
  • #72,757
  • Edited 7:51pm Jul 30, 2020 7:39pm | Edited 7:51pm
EU will never go down again....
I am making some donation ,,short EU 1874 and EJ 124.20 here with 50 and 20 pips stop ... leave TP open...
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  • #72,758
  • Jul 30, 2020 7:44pm Jul 30, 2020 7:44pm
Quoting gatorinla
{quote} Bulls are not playing. 1887/88 are within striking distance now. {image}
meanwhile back at the farm. Uncle John is shucking corn. While Old Blue naps on the porch. While Billy Bob looks through the peephole in the outhouse wall at CindyLue.
those who can, do. those who cant, talk about those who can
  • #72,759
  • Jul 30, 2020 7:45pm Jul 30, 2020 7:45pm
Quoting gatorinla
{quote} We call him stupid because he is stupid. Most people have changed their way of living regardless of opening or not. Trump has no control over who opens or not. That's a state issue. Every day he losses more of the little credibility he has. People in the red states are getting a reality check. Corona is no longer fake news. You have to get it under control or people will go out less, and shop less. Trump cant make people shop.
I get your points... how he could be elected in the first place is to me a mystery... but that I attribute to all “great presidents” before him from the establishment that paved his path... Anyhow, he will most likely be out in 4-6 months of offices, but covid maybe not...

again i am off topic but a trade question.

of time like this, does prior resistance/supports really matter? We have slized through everything like nothing these last two weeks?
  • #72,760
  • Jul 30, 2020 7:46pm Jul 30, 2020 7:46pm
Quoting Boulder
EU will never go down again.... I am making some donation ,,short EU and EJ here with 50 and 20 pips stop ... leave TP open... {image}
Reminds me of my Junior Prom date. But once the liquor kicked in, she warmed right up. Like a real professional.
those who can, do. those who cant, talk about those who can
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