yeah definitely for the time being, but OPEC's not going to let this thing sit at these levels forever, don't they want the price around 75 bucks or so, 100 by next summer?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #146,403
- Dec 5, 2008 3:40am Dec 5, 2008 3:40am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
gm de doc.,
if the nfp is bad as being speculated, i expect the dollar to go down. won't that send the geppy up? just currious. thanks.
, so this thing will come down. in that case i do not assume gbpjpy aligning to cable, since that increase of jpy strength in the case of us index' drops overweights.
- #146,404
- Dec 5, 2008 3:41am Dec 5, 2008 3:41am
I have never seen GJ so quiet the night b4 NFP. No buying or selling of the rumor even. There has to be a huge move coming. Which is more logical for a huge move ...up or dddddown? 
Me thinks it could just drop from here, but it would be cool to get a little bump to 136.60 where ma 50 is sitting on the 1hour.
JQ2
Me thinks it could just drop from here, but it would be cool to get a little bump to 136.60 where ma 50 is sitting on the 1hour.JQ2
The Only Constant Is Change!
- #146,405
- Dec 5, 2008 3:41am Dec 5, 2008 3:41am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #146,407
- Dec 5, 2008 3:46am Dec 5, 2008 3:46am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Morning all
- #146,409
- Dec 5, 2008 3:47am Dec 5, 2008 3:47am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
nothing they can do about it with the slow down from here to china. if you just watch the demand from a standpoint of china you'll have a better grasp of the picture. if china economy keeps stalling there's going to be a flat demand for oil for some time to come.
if the oil price would staya t it's highs, this would pretty much be a loss of power for the us towards other countries and this is a thing the USA does not tolerate. democracy as long as you do what i want
see other countries which even did not want to take USD for oil anymore and wanted it to be dealed in euro months ago.
what happened now? oil price drops, usd gets stronger. strange coincidence...
- #146,410
- Dec 5, 2008 3:50am Dec 5, 2008 3:50am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #146,411
- Dec 5, 2008 3:52am Dec 5, 2008 3:52am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #146,416
- Dec 5, 2008 3:56am Dec 5, 2008 3:56am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
