The reason i started this thread was to reveal the true face of politicians & central bank officials. They make financial statements when things personally affect them. What they think about their country or people is clearly evident from their actions. It tells you how hollow these statements are & carry no weight. If these statements are to be taken seriously then you have to start questioning their mental ability. Then how come the market reacts to these useless statements. The answer is it only scares the gamblers & speculators who suddenly exit their positions, they have taken without any knowledge. The true fundamentalists stay put & finally the trend restarts back. Since August you have seen so much volatility in the markets due to these gamblers & speculators. The 2 following examples illustrate this whole scenario. From an educated traders point of view these idiots should be totally ignored.
About a week ago, the jokers within the canadian govt. & central bank were so busy thumping their chest about how strong the canadian economy is & it does not matter how far the canadian dollar appreciates. I still remember Harper appearing on TV & make carefree statements, same with Flaherty & Dodge. They kept on harping let the market decide the exchange rate.
Within a week their pants are getting wet. CAD has only reached .9050. It only tells you that either they were mentally incapable or had a secret agenda. What happened overnight the best economy will turn into african economy. These politicians are seeing writing on the wall that they will be booted out of power because they have caused the manufacturing to collapse, no body wants to buy any canadian products at filthy rates. Tourism & hotel industry is down. Its the same Harper who said i dont care if we are losing jobs in manufacturing. Now a complete turn around, & he wants to meet various officials to discuss the issue. All of you must have read these idiotic comments on bloomberg. I have seen this before & you will notice that suddenly all data coming out of Canada will be negative. That immediately tells you that everything is manipulated & somebody is making some serious money with this inside knowledge.
Now lets turn our attention to the idiots at ECB. Trichet was the one telling all the politicians that do not make comments on Exchange rates. The Euro is strong because we want it strong. Now he figured out that he will be kicked out of office because the politicians are after his blood, he started doing what he was preaching not to do. Euro is too high, too high. Come on Trichet grow up. It is strange to see german chancellor talking about weak dollar, when a few days ago she was too excited about a very high euro.
My advise to every body is ignore these jokers & trade based on your own fundamental/technical analysis. I assure an average trader has more knowledge & sense then these highly paid officials.
About a week ago, the jokers within the canadian govt. & central bank were so busy thumping their chest about how strong the canadian economy is & it does not matter how far the canadian dollar appreciates. I still remember Harper appearing on TV & make carefree statements, same with Flaherty & Dodge. They kept on harping let the market decide the exchange rate.
Within a week their pants are getting wet. CAD has only reached .9050. It only tells you that either they were mentally incapable or had a secret agenda. What happened overnight the best economy will turn into african economy. These politicians are seeing writing on the wall that they will be booted out of power because they have caused the manufacturing to collapse, no body wants to buy any canadian products at filthy rates. Tourism & hotel industry is down. Its the same Harper who said i dont care if we are losing jobs in manufacturing. Now a complete turn around, & he wants to meet various officials to discuss the issue. All of you must have read these idiotic comments on bloomberg. I have seen this before & you will notice that suddenly all data coming out of Canada will be negative. That immediately tells you that everything is manipulated & somebody is making some serious money with this inside knowledge.
Now lets turn our attention to the idiots at ECB. Trichet was the one telling all the politicians that do not make comments on Exchange rates. The Euro is strong because we want it strong. Now he figured out that he will be kicked out of office because the politicians are after his blood, he started doing what he was preaching not to do. Euro is too high, too high. Come on Trichet grow up. It is strange to see german chancellor talking about weak dollar, when a few days ago she was too excited about a very high euro.
My advise to every body is ignore these jokers & trade based on your own fundamental/technical analysis. I assure an average trader has more knowledge & sense then these highly paid officials.
