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EURUSD

  • #11,061
  • Jun 12, 2008 8:55am Jun 12, 2008 8:55am
Quoting triq03
What exactly are the areas in question?
It can be at 1.5437 or 1.5383.
Beware False breaks!
  • #11,062
  • Jun 12, 2008 8:56am Jun 12, 2008 8:56am
EUR is slowly going UP... Perfectly!
  • #11,063
  • Jun 12, 2008 9:05am Jun 12, 2008 9:05am
????????


Quoting assamusic
EUR is slowly going UP... Perfectly!
  • #11,064
  • Jun 12, 2008 9:05am Jun 12, 2008 9:05am
Quoting BoredToLoose
It can be at 1.5437 or 1.5383.
Beware False breaks!
Thank you and best of luck to all
Helping the philosophically challenged
  • #11,065
  • Jun 12, 2008 9:05am Jun 12, 2008 9:05am
Quoting triq03
I don't dare to say it..But it's been in the back of my mind forever now.

stagflation

n. Sluggish economic growth coupled with a high rate of inflation and unemployment.



From what I can remember bout economics, we seem to be close if not there. Although the sluggish economic growth could be argued. Would like to here your thoughts.
Someone out there has to have a thought or impulse bout my query...ANYBODY
Helping the philosophically challenged
  • #11,066
  • Jun 12, 2008 9:09am Jun 12, 2008 9:09am
Quoting hard1head1
????????
Slowly UP )))
  • #11,067
  • Edited 9:26am Jun 12, 2008 9:16am | Edited 9:26am
I do not use this method, but if I am right:
since 08/05/2008 price at 1.5276 we have at daily chart:

1 -1.5276
2 -1.5810
3 -1.5364
4 -1.5830
5 - Currently, this is where I think will do the surprise, every bulls are waiting again a up move from 1.5350 area to kill the counting, but this currently wave will not stop where most are thinking!!

If I am wrong about Wave counting, forgive me because I do not use this system!
  • #11,068
  • Jun 12, 2008 9:17am Jun 12, 2008 9:17am
Hi everyone, first post here.... very good forum and calendar all we need to make cash.....

Also new in forex so i bet today it would hold in first resistance but it fell even lower now i hope i goes up to 1.57!!!! lol

At least now the damage is being reduced since assamusic said almost 20pips up.....

Peace
  • #11,069
  • Jun 12, 2008 9:21am Jun 12, 2008 9:21am
Quoting assamusic
Slowly UP )))

  • #11,070
  • Jun 12, 2008 9:42am Jun 12, 2008 9:42am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
  • #11,071
  • Jun 12, 2008 10:21am Jun 12, 2008 10:21am
lets see what bernake can do to this deadlock.
  • #11,072
  • Jun 12, 2008 10:30am Jun 12, 2008 10:30am
Quoting triq03
Someone out there has to have a thought or impulse bout my query...ANYBODY
Hey Triq... Just came across this little excerpt off of Google News and thought it was pretty interesting.

"Given negligible recent growth, the economy can already be described as stagnant. But as with a ham-and-cheese sandwich, one ingredient is not enough. To get stagflation, you also need inflation. And contrary to popular impression, that has yet to show itself."

http://www.realclearpolitics.com/art...agflation.html
  • #11,073
  • Jun 12, 2008 10:37am Jun 12, 2008 10:37am
???
What about 5:30pm USDhttp://www.forexfactory.com/images/m...mpact_high.gifFed Chairman Bernanke Speaks

?
  • #11,074
  • Jun 12, 2008 10:39am Jun 12, 2008 10:39am
Quoting dswk
???
What about 5:30pm USDhttp://www.forexfactory.com/images/m...mpact_high.gifFed Chairman Bernanke Speaks

?
Here it is : http://www.federalreserve.gov/newsev...e20080612a.htm

nothing.
  • #11,075
  • Jun 12, 2008 10:39am Jun 12, 2008 10:39am
I just read throught the speech. No hints were dropped about policy.
  • #11,076
  • Jun 12, 2008 10:40am Jun 12, 2008 10:40am
Quoting PhorPhunn
Hey Triq... Just came across this little excerpt off of Google News and thought it was pretty interesting.

"Given negligible recent growth, the economy can already be described as stagnant. But as with a ham-and-cheese sandwich, one ingredient is not enough. To get stagflation, you also need inflation. And contrary to popular impression, that has yet to show itself."

http://www.realclearpolitics.com/art...agflation.html
How much longer do you think it will take for gas price costs to trickle down from the company to the consumer? It's already started in parts of the food industry - a place where I buy lunch finally increased the pricing of their menu a few weeks ago which was exclusively due to increased shipping costs. The price of basic things such as milk and eggs is up at the grocery store.

Inflation is coming, whether they want to report it or not.
  • #11,077
  • Jun 12, 2008 10:47am Jun 12, 2008 10:47am
The problem with inflation in the US though it the way they work it out. It's adjusted so it doesn't go up or down sharply so it might not appear in the figures for a while. All the time food and energy costs go higher and people real time see it more quickly.
  • #11,078
  • Jun 12, 2008 10:48am Jun 12, 2008 10:48am
Quoting thegunslinger
How much longer do you think it will take for gas price costs to trickle down from the company to the consumer? It's already started in parts of the food industry - a place where I buy lunch finally increased the pricing of their menu a few weeks ago which was exclusively due to increased shipping costs. The price of basic things such as milk and eggs is up at the grocery store.

Inflation is coming, whether they want to report it or not.

Absolutely, the way they calculate inflation is just insane. Food and energy
are not included! Nobody I know eats food, or uses energy. Right.
There's a lot of good articles on this website, check them out.
http://www.marketoracle.co.uk/
  • #11,079
  • Jun 12, 2008 10:48am Jun 12, 2008 10:48am
Quoting PhorPhunn
Hey Triq... Just came across this little excerpt off of Google News and thought it was pretty interesting.

"Given negligible recent growth, the economy can already be described as stagnant. But as with a ham-and-cheese sandwich, one ingredient is not enough. To get stagflation, you also need inflation. And contrary to popular impression, that has yet to show itself."

http://www.realclearpolitics.com/art...agflation.html
Thanks for the article. As stated below, how much longer do we need? With oil prices ultimately reaching 200+ I don't think stagflation is avoidable unless America can get its economy back on its feet; which I highly doubt will happen anytime soon. Take care
Helping the philosophically challenged
  • #11,080
  • Jun 12, 2008 10:49am Jun 12, 2008 10:49am
Quoting thegunslinger
How much longer do you think it will take for gas price costs to trickle down from the company to the consumer? It's already started in parts of the food industry - a place where I buy lunch finally increased the pricing of their menu a few weeks ago which was exclusively due to increased shipping costs. The price of basic things such as milk and eggs is up at the grocery store.

Inflation is coming, whether they want to report it or not.
Agreed. I think that some companies are going to start passing higher costs on to consumers very soon (if they haven't already), but will resist as long as they can without gouging their revenues. At the same time, one of the main goals of the Fed is to control inflation. But they haven't exactly done this in an efficient manner in the past, so who knows how effective they will be this time around? Thanks for the post.
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