DislikedIs there a consensus where this will bottom-out before it reverses for one more ride up prior to the news? Is 1.5480 a fair number, or is it lower? Or is it going on DOWN?
Thanks,Ignored
- #17,222
- Jul 31, 2008 8:58pm Jul 31, 2008 8:58pm
We may see a spike up before the 1.54 level. If USD news tomorrow is good we'll see 1.54, if bad then 1.56 it is. USD news was pretty bad today so we have an initial catalysist for the spike up.
- #17,226
- Jul 31, 2008 9:14pm Jul 31, 2008 9:14pm
- | Joined Dec 2007 | Status: Trader | 2,797 Posts
Funny that I found this from the UK not the US...
http://news.bbc.co.uk/2/hi/americas/7536486.stm
Governor Arnold Schwarzenegger of California has moved to end a budget crisis by sacking 22,000 state workers and ordering pay cuts for 200,000.
The biggest state in the US faces a budget deficit of more than $15bn (£7.6bn), and legislators are struggling to agree a spending plan.
The cuts, which will save $100m a month, are designed to put pressure on politicians to end the budget crisis.
But a leading official in the state challenged the decision to cut pay.
California has one of the largest economies in the world and it has no way to pay contractors for many of the services it provides.
Some 30 American states face budget deficits caused by rising costs and falling revenues in a slumping economy but California's is by far the largest.
~~~~~~~
http://news.bbc.co.uk/2/hi/americas/7536486.stm
Governor Arnold Schwarzenegger of California has moved to end a budget crisis by sacking 22,000 state workers and ordering pay cuts for 200,000.
The biggest state in the US faces a budget deficit of more than $15bn (£7.6bn), and legislators are struggling to agree a spending plan.
The cuts, which will save $100m a month, are designed to put pressure on politicians to end the budget crisis.
But a leading official in the state challenged the decision to cut pay.
California has one of the largest economies in the world and it has no way to pay contractors for many of the services it provides.
Some 30 American states face budget deficits caused by rising costs and falling revenues in a slumping economy but California's is by far the largest.
~~~~~~~
It can't go on forever. Just recently EUR has been posting bad numbers. EUR is a delayed market in contrast with US. EUR banks lose the same amount as US. EUR still has a ways to go in the housing decline. US is further in its completion in the decline. UK is in the same boat. JPY has avoided most of what is killing these economies.
and in the future.. I have no idea if all that digital money goes back to US
Money often costs too much...
- #17,228
- Jul 31, 2008 9:18pm Jul 31, 2008 9:18pm
Funny that I found this from the UK not the US...
- #17,229
- Jul 31, 2008 9:31pm Jul 31, 2008 9:31pm
- | Joined Jul 2008 | Status: Trader | 1,722 Posts
Up or down, gimme a ticket
- #17,237
- Jul 31, 2008 11:10pm Jul 31, 2008 11:10pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
Clouds, are you still holding your long positions in aussie dollar ??
- #17,239
- Jul 31, 2008 11:15pm Jul 31, 2008 11:15pm
Umm, yes, and Aj too
.. tomorrow U.S news will be BAD enough to make it possible. also EU will test 1.60 again in august and UJ will be rejected back to 104.xxif not... i will stop trading beer (for a while at least)
... /$ -> LONG
- #17,240
- Jul 31, 2008 11:19pm Jul 31, 2008 11:19pm
don't worry; my 8 ball says that 0.9350 will hold and its calling for a 0.9520 reversal
if not... i will stop trading beer (for a while at least)
