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  • #13,821
  • Jul 9, 2008 9:51pm Jul 9, 2008 9:51pm
Quoting jeremiasgordillo
U.S. is not a net exporter of goods but in services, an asset that usually has higher margins, are unique and therefore generate greater wealth of what could make a country like China which is devoted only to the production. U.S. wants to devalue, have no other way to improve growth this year.
Services. The new economy of Greenspan.

According to the UFCW, the country’s largest employer in 1970 was General Motors. Workers earned $17.50/hour plus health, pension, vacation and cost of living increases.

Today, the country’s largest employer is a service industry leader. Wal-Mart, with over 1 million US workers. The average Wally World employee earns $8.00/hour with no benefits, no pension and practically inexistent healthcare.

I fail to see how people can afford to make an economy spin more, be it from purchasing manufactured goods or buying services, if they make less.

The manufacturing sector is what built America and it is now building China. Services come after and it shouldn't be the only ace up one's sleeve.

Some of greatest manufacturers in America are gone. Many are on life support. America sold the cow and is now buying the milk.

http://img154.imageshack.us/img154/6572/soapboxlk0.gif http://img154.imageshack.us/img154/6572/soapboxlk0.gif http://img154.imageshack.us/img154/6572/soapboxlk0.gif
Not all sins are created equal
  • #13,822
  • Jul 9, 2008 9:53pm Jul 9, 2008 9:53pm
Hehe . Hope to see 1.5810 today

Then I have my weekend early
  • #13,823
  • Jul 9, 2008 10:34pm Jul 9, 2008 10:34pm
Quoting Jay Walker
Services. The new economy of Greenspan.

According to the UFCW, the country’s largest employer in 1970 was General Motors. Workers earned $17.50/hour plus health, pension, vacation and cost of living increases.

Today, the country’s largest employer is a service industry leader. Wal-Mart, with over 1 million US workers. The average Wally World employee earns $8.00/hour with no benefits, no pension and practically inexistent healthcare.

I fail to see how people can afford to make an economy spin more, be it from purchasing manufactured goods or buying services, if they make less.

The manufacturing sector is what built America and it is now building China. Services come after and it shouldn't be the only ace up one's sleeve.

Some of greatest manufacturers in America are gone. Many are on life support. America sold the cow and is now buying the milk.

http://img154.imageshack.us/img154/6572/soapboxlk0.gif http://img154.imageshack.us/img154/6572/soapboxlk0.gif http://img154.imageshack.us/img154/6572/soapboxlk0.gif

WELL SAID
  • #13,824
  • Jul 9, 2008 11:05pm Jul 9, 2008 11:05pm
I believe EU going down a bit today before rally up....all the way up by tomorrow as still have upcoming potential good news for US.
  • #13,825
  • Jul 9, 2008 11:31pm Jul 9, 2008 11:31pm
I think he will confirm that a strong US dollar is in the interest of the US and we shall see Dollar lol however I don't think he will give a promise to hike rate as the market expect, anyway, time is ripe for the big dollar rally
  • #13,826
  • Jul 9, 2008 11:38pm Jul 9, 2008 11:38pm
Quoting forex killer
I think he will confirm that a strong US dollar is in the interest of the US and we shall see Dollar lol however I don't think he will give a promise to hike rate as the market expect, anyway, time is ripe for the big dollar rally
the bernanke hot air rallies are over. with stocks tumbling I don't think he can weave any magic with words to turn it around anymore.

However, understand this is just my opinion and I am usually wrong more than once each day and today has just started.
  • #13,827
  • Jul 9, 2008 11:46pm Jul 9, 2008 11:46pm
Definitely e/u will spike up today. Just watch. 95% certain. At least we will see 1.57700
  • #13,828
  • Jul 9, 2008 11:46pm Jul 9, 2008 11:46pm
ah. i see her going down to higher low. uj turn to rally
  • #13,829
  • Jul 10, 2008 12:02am Jul 10, 2008 12:02am
Quoting Clouds
ah. i see her going down to higher low. uj turn to rally
This is what i think of too I have waited for EU to break 5 times but resistance is greater as if it's preparing to drop 1 last time before big rally just my opinion
  • #13,830
  • Jul 10, 2008 12:15am Jul 10, 2008 12:15am
Quoting magnumfreak
the bernanke hot air rallies are over. with stocks tumbling I don't think he can weave any magic with words to turn it around anymore.

However, understand this is just my opinion and I am usually wrong more than once each day and today has just started.
I like that quote and I'm stealing it. *yoink*

But I believe you're right on this one
Not all sins are created equal
  • #13,831
  • Jul 10, 2008 1:48am Jul 10, 2008 1:48am
i'm back, look like the build up to clear 1.5752 is successful, but fail to keep 1.5750 as support, 1.5716 will be tested once more...
  • #13,832
  • Jul 10, 2008 2:21am Jul 10, 2008 2:21am
diamonds are forever even on m5
E/J FTW
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"Diversification is an excuse for a lack of talent" ~FXC
  • #13,833
  • Jul 10, 2008 2:29am Jul 10, 2008 2:29am
Quoting FXCapitalist
diamonds are forever even on m5
E/J FTW
u long ej too/
  • #13,834
  • Jul 10, 2008 2:34am Jul 10, 2008 2:34am
Im sick of EUR/USD, plus they dont have an E/J thread so I'll post E/J here.
"Diversification is an excuse for a lack of talent" ~FXC
  • #13,835
  • Jul 10, 2008 2:37am Jul 10, 2008 2:37am
Quoting FXCapitalist
Im sick of EUR/USD, plus they dont have an E/J thread so I'll post E/J here.
oh, dont come screaming to me then, when you say 'long EU' tomorrow, hah
  • #13,836
  • Jul 10, 2008 2:46am Jul 10, 2008 2:46am
could be a reversal, better keep your eyes peeled..

there's been lack of buying interest since the break of 1.5752, will have to see if have more interest closer to 1.5700 and will have to see if it holds..
  • #13,837
  • Jul 10, 2008 2:49am Jul 10, 2008 2:49am
Quoting dragoncat
could be a reversal, better keep your eyes peeled..
reversal yes, but not tonight, i think
  • #13,838
  • Jul 10, 2008 3:02am Jul 10, 2008 3:02am
Quoting Clouds
reversal yes, but not tonight, i think
hard to say, I'll cover my longs below 1.5700, and will not be adding any longs until it clears 1.5761, unless it can be shown that 1.5709 is well supported, then i may decide to add a small amount..

I'll also hedge my position temporarily if it spikes back up to 1.5755, till it either finds support at 1.5710 or 1.5760
  • #13,839
  • Jul 10, 2008 3:06am Jul 10, 2008 3:06am
Quoting FXCapitalist
Im sick of EUR/USD, plus they dont have an E/J thread so I'll post E/J here.
now we have it, Sir,,,

sonic

http://www.forexfactory.com/showthre...73#post2101473
  • #13,840
  • Jul 10, 2008 3:07am Jul 10, 2008 3:07am
looks like we're going to be trapped inside 1.5709-1.5748 for a few more hours like it did yesterday...
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