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
- Post #17,222
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- Jul 31, 2008 9:58pm Jul 31, 2008 9:58pm
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.
- Post #17,223
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- Jul 31, 2008 10:00pm Jul 31, 2008 10:00pm
- Joined Nov 2007 | Status: beginner | 7,698 Posts
- Post #17,224
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- Jul 31, 2008 10:03pm Jul 31, 2008 10:03pm
- Joined Nov 2007 | Status: beginner | 7,698 Posts
- Post #17,225
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- Jul 31, 2008 10:05pm Jul 31, 2008 10:05pm
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- Post #17,226
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- Jul 31, 2008 10:14pm Jul 31, 2008 10:14pm
- | Joined Dec 2007 | Status: Member | 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 $100m a month, are designed to put pressure on politicians to end the budget crisis.
But a leading official in the state challenged the decision to cut pay.
California has one of the largest economies in the world and it has no way to pay contractors for many of the services it provides.
Some 30 American states face budget deficits caused by rising costs and falling revenues in a slumping economy but California's is by far the largest.
~~~~~~~
- Post #17,227
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- Jul 31, 2008 10:15pm Jul 31, 2008 10:15pm
- | Joined Dec 2007 | Status: Member | 520 Posts
It can't go on forever. Just recently EUR has been posting bad numbers. EUR is a delayed market in contrast with US. EUR banks lose the same amount as US. EUR still has a ways to go in the housing decline. US is further in its completion in the decline. UK is in the same boat. JPY has avoided most of what is killing these economies.
and in the future.. I have no idea if all that digital money goes back to US
Money often costs too much...
- Post #17,228
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- Jul 31, 2008 10:18pm Jul 31, 2008 10:18pm
Funny that I found this from the UK not the US...
- Post #17,229
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- Jul 31, 2008 10:31pm Jul 31, 2008 10:31pm
- Joined Jul 2008 | Status: Member | 1,722 Posts
Up or down, gimme a ticket
- Post #17,230
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- Jul 31, 2008 10:41pm Jul 31, 2008 10:41pm
- Joined Apr 2008 | Status: Member | 7,674 Posts
- Post #17,232
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- Jul 31, 2008 11:00pm Jul 31, 2008 11:00pm
I've got a buy in at 1.555, I believe it will bounce of the trend line @ 1.540ish and go for a strong run
*edit* wrong price
*edit* wrong price
- Post #17,235
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- Edited at 11:53pm Jul 31, 2008 11:51pm | Edited at 11:53pm
I like the sig MaZae hehe
... /$ -> LONG
- Post #17,236
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- Jul 31, 2008 11:59pm Jul 31, 2008 11:59pm
Beer/$ long
the rollover is usually a bitch the next day though
the rollover is usually a bitch the next day though
- Post #17,237
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- Aug 1, 2008 12:10am Aug 1, 2008 12:10am
- Joined Apr 2008 | Status: Member | 7,674 Posts
Clouds, are you still holding your long positions in aussie dollar ??
- Post #17,238
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- Aug 1, 2008 12:11am Aug 1, 2008 12:11am
Beer/$ long
the rollover is usually a bitch the next day though
... /$ -> LONG
- Post #17,239
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- Aug 1, 2008 12:15am Aug 1, 2008 12:15am
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
- Post #17,240
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- Aug 1, 2008 12:19am Aug 1, 2008 12:19am
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)
