EURUSD | Page 149 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #2,961
  • Nov 5, 2007 10:26pm Nov 5, 2007 10:26pm
athalon7,
I don't want to start a conspiracy theory here---but I'll elaborate on "manipulaton". All major commodities are denominated in USD. As the dollar index continues to plunge, oil prices continue to dance and prance to new highs. So who is bearing the full brunt of these rising oil prices? That's right, the good ole USA! Everyone one else has a built in buffer by letting the USD devalue. It is in the world's best intrest to continue to kick the stuffing out of USD as its weakness props up their economies by blunting the full effect of these oil prices. It is my contention that we will not see any major turn in the dollar until commodity prices (especially oil) have a major correction. Things in Euroland would not smell as sweet if the Eur-Usd were 1 to 1 and they were paying the same price for oil that we are!! Like it or not, wars are fought over oil and the thirst for energy is what drives policy all over the world.

ps---there was no shooter on the grassy knoll!!!!
  • #2,962
  • Nov 5, 2007 11:33pm Nov 5, 2007 11:33pm
By continuing to devalue USD, the economy in Euroland will soon be shooting themselves in the foot ...
  • #2,963
  • Nov 6, 2007 5:49am Nov 6, 2007 5:49am
Quoting FX-Petra
athalon7,
I don't want to start a conspiracy theory here---but I'll elaborate on "manipulaton". All major commodities are denominated in USD. As the dollar index continues to plunge, oil prices continue to dance and prance to new highs. So who is bearing the full brunt of these rising oil prices? That's right, the good ole USA! Everyone one else has a built in buffer by letting the USD devalue. It is in the world's best intrest to continue to kick the stuffing out of USD as its weakness props up their economies by blunting the full effect of these oil prices. It is my contention that we will not see any major turn in the dollar until commodity prices (especially oil) have a major correction. Things in Euroland would not smell as sweet if the Eur-Usd were 1 to 1 and they were paying the same price for oil that we are!! Like it or not, wars are fought over oil and the thirst for energy is what drives policy all over the world.

ps---there was no shooter on the grassy knoll!!!!
I cannot disagree (athough, yes, there was a shooter in the grassy knoll!). But that leaves the EUR/USD. Right now the Fed is controlling the pair, not statistics as you said in a last post. Do you see another rate cut in December or is that the time to look for a pullback? Things are a mess right now, though.
"Its not where your at, but where your coming from"
  • #2,964
  • Nov 6, 2007 12:30pm Nov 6, 2007 12:30pm
Quoting athalon7
I cannot disagree (athough, yes, there was a shooter in the grassy knoll!). But that leaves the EUR/USD. Right now the Fed is controlling the pair, not statistics as you said in a last post. Do you see another rate cut in December or is that the time to look for a pullback? Things are a mess right now, though.
A mess ??? that's understated ....
  • #2,965
  • Nov 6, 2007 9:03pm Nov 6, 2007 9:03pm
What the fk just happened ???
  • #2,966
  • Nov 6, 2007 9:07pm Nov 6, 2007 9:07pm
Was there some news, or was it just the Market reacting to the Phase of the moon. Does anyone have an Idea as to what Happened and why?
  • #2,967
  • Nov 6, 2007 9:11pm Nov 6, 2007 9:11pm
Notice the calm before the "spike" .... what the hell caused that spike ????
  • #2,968
  • Nov 6, 2007 9:16pm Nov 6, 2007 9:16pm
Top chinese official said that they should diversify more of their 1.4 trillian USD reserves into other strong currencies such as the EUR.

He later clarified saying that he didn't mean that they should buy Eur.
  • #2,969
  • Nov 6, 2007 9:23pm Nov 6, 2007 9:23pm
A major correction is much needed here just to get my ass out of the hole ...
  • #2,970
  • Nov 7, 2007 5:21am Nov 7, 2007 5:21am
At this rate, the eur should break the 1.5000 by this friday. I think that the 1.5000 will be the new base for the eur. It's what the fed and the us government want - a weak usd - and they will try to do their best to keep it weak. IMHO, of course.
  • #2,971
  • Nov 7, 2007 7:21am Nov 7, 2007 7:21am
Quoting ashlee_17
At this rate, the eur should break the 1.5000 by this friday. I think that the 1.5000 will be the new base for the eur. It's what the fed and the us government want - a weak usd - and they will try to do their best to keep it weak. IMHO, of course.
This will greatly help US exports, thus setting the stage for a USD Strengthening in 2008
Patience + Humility + Study = Success
  • #2,972
  • Nov 7, 2007 8:20am Nov 7, 2007 8:20am
Quoting DutchTrader
This will greatly help US exports, thus setting the stage for a USD Strengthening in 2008
Not to mention job security in the US too ...
  • #2,973
  • Nov 7, 2007 8:56am Nov 7, 2007 8:56am
some think about temporary strong EUR, because the political atmosphere is not good and some problem with energy supply from russia in to EUR zone
?
  • #2,974
  • Nov 7, 2007 8:58am Nov 7, 2007 8:58am
Very LOL EUR! If EUR great and strong why England not want EUR???
  • #2,975
  • Nov 7, 2007 9:52am Nov 7, 2007 9:52am
EUR isnt strong - crappy dollar is weak.

we dont want EUR because its not worth the paper it's written on
https://linktr.ee/Soultrader
  • #2,976
  • Nov 7, 2007 10:43am Nov 7, 2007 10:43am
Quoting soultrader
EUR isnt strong - crappy dollar is weak.

we dont want EUR because its not worth the paper it's written on
  • #2,977
  • Nov 7, 2007 11:24am Nov 7, 2007 11:24am
Quoting Ninto
Top chinese official said that they should diversify more of their 1.4 trillian USD reserves into other strong currencies such as the EUR.

He later clarified saying that he didn't mean that they should buy Eur.

I was looking on the News sites last night, but I could not find where this statement was announced, or posted. Where did you see it posted?
  • #2,978
  • Nov 7, 2007 11:30am Nov 7, 2007 11:30am
Quoting Schminner
A major correction is much needed here just to get my ass out of the hole ...
hahah... man I'm not laughing at your current situation but I love the way you put it. been there and know that pain.
Trade Small. Be Patient. Learn to Survive.
  • #2,979
  • Nov 7, 2007 11:36am Nov 7, 2007 11:36am
Quoting soultrader
EUR isnt strong - crappy dollar is weak.

we dont want EUR because its not worth the paper it's written on
yeah soul has the right idea; the dollar is week accross the board... the dollar will continue to remain under pressure as long as the fed sees fit to cut rates. someone noted here that lower interest rates mean higher inflation and they are right and given the current fuel costs (and usage most of have to accept) we can't afford commodity prices to ramp up...

having said that its not worth the time I spent to write it if you can't trade it... the likely hood that the Fed will cut rates another 25bp is probably pretty high and we may be seeing some anticipatory selling in the face of that. Longer term traders who are short the buck probably have an argument fundamentally to remain short; a lot of that will depend on funding levels and how much noise you can stomach. Most of us can't properly trade interst rates, the swings are just too large.

I'd expect a technical correction of some sort in a few days, but we may not have seen the bottom of the rabit hole yet.
Trade Small. Be Patient. Learn to Survive.
  • #2,980
  • Nov 7, 2007 12:33pm Nov 7, 2007 12:33pm
Quote
Notice the calm before the "spike" .... what the hell caused that spike ????

It was the calm awaiting the Wolfe Wave to complete ..


The hell got to be china Cheng Siwei, a senior Chinese congressman
Attached Image
3,002 traders viewing now