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  • #67,521
  • Feb 22, 2009 5:53am Feb 22, 2009 5:53am
Quoting Jay Walker
So the U.S. deficit will be brought to a normal level within 5 years?
Seems impossible task but we will see what they are going to do with that.

http://news.yahoo.com/s/nm/20090221/...s_obama_budget
  • #67,522
  • Feb 22, 2009 6:48am Feb 22, 2009 6:48am
no gap so far

1.2836
  • #67,523
  • Feb 22, 2009 6:57am Feb 22, 2009 6:57am
I am an American living in the Philippines and I get the same news feeds as everyone else. But one thing I get that some of you don't is hearing how these Asian countries are concerned about the devaluing dollar. When a country is in trouble they don't go out and borrow Euro's they borrow Dollars. When they go to other countries (US preferred) it is so that they can make as much as possible in US dollars and send it back to get the higher exchange. The FWO (Foriegn Workers Union in Philippines) has been lobbying the Asian central banks to bolster the dollar for the last 6 months. The exchange rate today is around 48:1, but when the FWO started to lobby the rate was 41:1.

I really don't think a 1.70 Euro is in the making. If anything, until this global credit crisis is finished, I think the dollar will get stronger until there is parity. After that, I think the Euro will get stronger again. I also think the average will be around 1.2750 when it does.

My 2 cents. open for discussion - Opinions?
  • #67,524
  • Feb 22, 2009 7:21am Feb 22, 2009 7:21am
Quoting dysan4x
I really don't think a 1.70 Euro is in the making. If anything, until this global credit crisis is finished, I think the dollar will get stronger until there is parity. After that, I think the Euro will get stronger again. I also think the average will be around 1.2750 when it does.

My 2 cents. open for discussion - Opinions?
Always willing to throw my opinions up for ridicule (I may learn something that way).

I did a fib on the monthly chart (from around the euros inception to the swing high July 08) and the 0.50 point is around 1.2140. So aren't we getting near the major point of that retracement? Once the market decides that correction is over then the global forces that pushed the euro up will take over again.
  • #67,525
  • Feb 22, 2009 7:25am Feb 22, 2009 7:25am
No matter what EU is doing and is trying to do, the way is passing through RUSSIA! Those who ignore Russia are making huuuuge mistake!

The following I am about to say has to give you a reason to think about some things simple and logical...population is growing as fast as never before, pollution, chaos, disasters, death rate of young ppl - this is not a one-day process - Rome wasn't built in a day, all these will affect the wrold's economy which will lead to crush downs!
What I think is about and is going to and is yet to happen in future, it's no good! Let me aks you something - you go in the garden and see a fruit, i.e. apple fallen from the tree and you see it only from one side, it looks ok and you pick it up and see it's rotten from the other side, what would you do if you want to save the the healthy part of the apple?
  • #67,526
  • Feb 22, 2009 7:32am Feb 22, 2009 7:32am
Quoting Baldur
point 7 nothing to do with eur/usd, never mention that again or go back to history lessons
7 No European form of government or ideology has been proven successful e.g communism and fascism.

Which Communist or Fascist country in your opinion is the best????
Only European countries count--- Socialist USA is not an acceptable ansewr
  • #67,527
  • Feb 22, 2009 7:37am Feb 22, 2009 7:37am
Quoting knuckledrag
Which Communist country in your opinion is the best????
France
  • #67,528
  • Feb 22, 2009 7:37am Feb 22, 2009 7:37am
Quoting Hertzvanrent
Always willing to throw my opinions up for ridicule (I may learn something that way).

I did a fib on the monthly chart (from around the euros inception to the swing high July 08) and the 0.50 point is around 1.2140. So aren't we getting near the major point of that retracement? Once the market decides that correction is over then the global forces that pushed the euro up will take over again.
Definitely, the POC (Point of Change) moves with the market where Fibs are static from the start to end point. My assumption is, taking into consideration monthly price since 1995 to today, the Euro will eventually find a balance close to the current price level. It will never be static, but always return to that price over time.
  • #67,529
  • Feb 22, 2009 7:39am Feb 22, 2009 7:39am
Quoting ravenbg
No matter what EU is doing and is trying to do, the way is passing through RUSSIA! Those who ignore Russia are making huuuuge mistake!

The following I am about to say has to give you a reason to think about some things simple and logical...population is growing as fast as never before, pollution, chaos, disasters, death rate of young ppl - this is not a one-day process - Rome wasn't built in a day, all these will affect the wrold's economy which will lead to crush downs!
What I think is about and is going to and is yet to happen in future, it's...
Hello Mate, if we decide and believe the world is dying then better for us to kill our selves today and not to wait till tomorrow, always have a hope in tomorrow, the whole world will not be better before things go wrong then the correction come.
imagine life as currency chart year up year down and in the end people do the best to rise it up. I say that for you and for my self and for life hopeless ppl.
Have a nice day
  • #67,530
  • Feb 22, 2009 7:41am Feb 22, 2009 7:41am
Quoting Hertzvanrent
France
Is it the wine or the women you find most appealing
  • #67,531
  • Feb 22, 2009 7:45am Feb 22, 2009 7:45am
Quoting knuckledrag
Is it the wine or the women you find most appealing
The missus is half French and sitting next to me so there can only be one answer.

... she likes the wine though
  • #67,532
  • Feb 22, 2009 7:49am Feb 22, 2009 7:49am
Mentioned earlier here falling wedge in swissy has a room yet and may go far away below last low.
I am anticipating 0.77 area by 2011

Then after final touchdown USD will be switched to Amero, chart will be same but worth of CHF will be weakening.
Have a look at swiss external debt.
They were over 500K$ debt per capita in year 2007.
Sooner or later they have to pay all debts.

Therefore i believe EUR/USD has potential to goes up above previous top yet. Question is when this event will be started.
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  • #67,533
  • Feb 22, 2009 7:55am Feb 22, 2009 7:55am
Quoting Hertzvanrent
The missus is half French and sitting next to me so there can only be one answer.

... she likes the wine though
You got to love a woman that drinks Sometimes not until she passes out but you still got to love her
  • #67,534
  • Feb 22, 2009 8:01am Feb 22, 2009 8:01am
Quoting knuckledrag
7 No European form of government or ideology has been proven successful e.g communism and fascism.

Which Communist or Fascist country in your opinion is the best????
Only European countries count--- Socialist USA is not an acceptable ansewr
If we accept "ifs", if there was no "Red Army" in 1916 to turn russians against each other and there was no Hitler in Germany I think communism would have been a successful one, but of course it needs to mutate and develop! By the way can you compare the GDP of the ex communist countries to what their GDP is now, jobless ppl before and now, their Money Reserves before and now!?

***Let me ask you something who began the credit policy and started lending money that in fact does not exist, turning out and presenting companies and their shares as profitable while the reality was that they are in debts (credits)? On more thing, you said Communism failed, what about "Capitalism", USA's Regime, did it succeed, flurish?
  • #67,535
  • Feb 22, 2009 8:04am Feb 22, 2009 8:04am
Quoting knuckledrag
You got to love a woman that drinks Sometimes not until she passes out but you still got to love her
if i find a woman that likes to party,drink, is wild, but at the same time can be serious when seriousness is required, and trades the markets, oh man, i'm soooo going to marry her in that instance !
Twitter: @forexpokerpro
  • #67,536
  • Feb 22, 2009 8:09am Feb 22, 2009 8:09am
Quoting 5ysfx
USA is on the best way to introduce Amero soon IMHO.
You'd best hope not! That would mean another combining of currencies.....THEN what would we trade?????
  • #67,537
  • Feb 22, 2009 8:10am Feb 22, 2009 8:10am
Quoting BBPI_fxtrader
if i find a woman that likes to party,drink, is wild, but at the same time can be serious when seriousness is required, and trades the markets, oh man, i'm soooo going to marry her in that instance !
I married a woman that is half chinese half filipina. She sits with me when the markets are open (she has this uncanny ability to read candles), goes to the bar with me on expat day, and takes care of the bills. Man, I got it made.
  • #67,538
  • Feb 22, 2009 8:12am Feb 22, 2009 8:12am
Quoting ravenbg
No matter what EU is doing and is trying to do, the way is passing through RUSSIA! Those who ignore Russia are making huuuuge mistake!

The following I am about to say has to give you a reason to think about some things simple and logical...population is growing as fast as never before, pollution, chaos, disasters, death rate of young ppl - this is not a one-day process - Rome wasn't built in a day, all these will affect the wrold's economy which will lead to crush downs!
What I think is about and is going to and is yet to happen in future, it's...
Ok, then we all need to start going long the Rubble/Dollar!
  • #67,539
  • Feb 22, 2009 8:14am Feb 22, 2009 8:14am
Quoting Jay Walker
So inflation would go rampant and the T-bills the Chinese bought would still bring the same return percentage wise. But if a dollar was worth 10 Yuan a year ago and is worth 6 Yuan today, the Chinese will end up getting the shaft. I wouldn't want to piss them off.
US should have sold US Properties to the chinese when they were expensive back in 2006; but it is way too late now when property are worth half their value in 2006 (or even worth less).

Just think about it? Sell USD500B worth of USA properties and by now, USA could buy it back now at USD250B.

But I think this idea WILL never come true - in 1980s, Japan were big buyers of USA properties from expensive residential properties in Beverly Hills, to Movie Productions to very exclusive golf courses. And this irked the politicians, wealthy businessmen...
  • #67,540
  • Feb 22, 2009 8:16am Feb 22, 2009 8:16am
Quoting dysan4x
I married a woman that is half chinese half filipina. She sits with me when the markets are open (she has this uncanny ability to read candles), goes to the bar with me on expat day, and takes care of the bills. Man, I got it made.
oh you sure do !
Twitter: @forexpokerpro
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