Alright I do admit that when we break below the Oct low of 1.2328 we will spend some time in the 1.16 handle before making a run to 1.00
+ Charts Happen
- #67,646
- Feb 22, 2009 7:05pm Feb 22, 2009 7:05pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
a piece of fundamental news. note that i am 22 years old so any attempt to explain fundamentals is pure speculation at best (in other words i dont know what the hell im talking about
). also note that i do not take any trades based on fundamentals, pa only..this is just purely something to think about.
"Clinton Urges China to Keep Buying U.S. Treasury Securities "..you can go to bloomberg.com to read the full article or any news source of your choice.
it is common knowledge the US cannot survive without china and china cannot survive without the US. Why, simple, China buys most of our debt and the US is the main importer of Chinese goods. Simple fundies right? Anyways, given the current troubling global economy and especially the debt in the states it is of big concern if China stops buying our debt pretty much.
How is this of any concern to us and Clinton urging China to keep buying treasuries? Simple. For the Chinese to continue buying Us treasury securities, they need relatively cheap prices. The rise of the Euro on friday could be directly correlated to this. We may also stick around these levels or go even higher for a short period of time (iceberg orders) so the Chinese stock up on cheap treasury securities. Now if we consider 1.3000 cheap...1.2000 is sure to come in the near future and possibly lower.
Long story short....in the short term..(could be just friday, could be a few more days or the rest of this month or even a bit longer)..consolidation at these levels or possibly a bit higher. Long term, the rise of the dollar has just begun
Again...this is pure speculation about fundamentals from a 22 year old dont know nothing guy. That is all...hope my nonsense made some sense
). also note that i do not take any trades based on fundamentals, pa only..this is just purely something to think about."Clinton Urges China to Keep Buying U.S. Treasury Securities "..you can go to bloomberg.com to read the full article or any news source of your choice.
it is common knowledge the US cannot survive without china and china cannot survive without the US. Why, simple, China buys most of our debt and the US is the main importer of Chinese goods. Simple fundies right? Anyways, given the current troubling global economy and especially the debt in the states it is of big concern if China stops buying our debt pretty much.
How is this of any concern to us and Clinton urging China to keep buying treasuries? Simple. For the Chinese to continue buying Us treasury securities, they need relatively cheap prices. The rise of the Euro on friday could be directly correlated to this. We may also stick around these levels or go even higher for a short period of time (iceberg orders) so the Chinese stock up on cheap treasury securities. Now if we consider 1.3000 cheap...1.2000 is sure to come in the near future and possibly lower.
Long story short....in the short term..(could be just friday, could be a few more days or the rest of this month or even a bit longer)..consolidation at these levels or possibly a bit higher. Long term, the rise of the dollar has just begun
Again...this is pure speculation about fundamentals from a 22 year old dont know nothing guy. That is all...hope my nonsense made some sense
Different opinions highly valued, ignorant to slander.
- #67,648
- Feb 22, 2009 7:09pm Feb 22, 2009 7:09pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #67,649
- Feb 22, 2009 7:09pm Feb 22, 2009 7:09pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
You must think we have it pretty easy compared to you dinosaurs.
Haven't really noticed the Market considering me antiquated though; so I think I'll keep hangin' around.
That is, of course, if you don't mind.
"Zip your Purse for it may be in the eyes of the usurper."
quote...errr... me...
- #67,651
- Feb 22, 2009 7:11pm Feb 22, 2009 7:11pm
- | Joined May 2008 | Status: Nudist | 1,098 Posts
Thaks a lot. I never really considered myself as a Pre-Historic but I suppose you are correct.
- #67,652
- Feb 22, 2009 7:13pm Feb 22, 2009 7:13pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #67,654
- Feb 22, 2009 7:17pm Feb 22, 2009 7:17pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #67,655
- Feb 22, 2009 7:21pm Feb 22, 2009 7:21pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #67,657
- Feb 22, 2009 7:24pm Feb 22, 2009 7:24pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #67,658
- Feb 22, 2009 7:25pm Feb 22, 2009 7:25pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
with this long u.s.d. on fridays (5 or 6 wks in a row) i will soon have my 75 pinto (olive green wood panel) paid off.. only 63 more payments..
Not all sins are created equal
- #67,659
- Feb 22, 2009 7:28pm Feb 22, 2009 7:28pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #67,660
- Feb 22, 2009 7:28pm Feb 22, 2009 7:28pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can