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  • #76,121
  • Mar 16, 2009 7:09pm Mar 16, 2009 7:09pm
Quoting panguFX
hey,

I noticed that around dec 8th or 9th of 2008 the fed cut interest rates.
the EUR/USD rose 600 to 900 pips all in a matter of 20 minutes.

This wednsday there might be another fed rate cut.

I'm thinking of goin long on EUR/USD this Wednsday.

what do you all think?

PanguFX
Cut where too? -/-0.50%?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #76,122
  • Mar 16, 2009 7:11pm Mar 16, 2009 7:11pm
Quoting panguFX
can't they go to negative interest rate?

Well, you got a point there... After all it's just a matter of printing more money... and hoping the Chinese keep buying...

Now seriously, negative interest rates? un-interest rates?
Traders are smartasses
  • #76,123
  • Mar 16, 2009 7:14pm Mar 16, 2009 7:14pm
"The central bank, which started lowering a key interest rate in September, has recently turned much more aggressive. Over the span of just eight days in January, it slashed rates by 1.25 percentage points -- the biggest one-month reduction in a quarter century. Economists and Wall Street investors predict the Fed will cut rates again at its next meeting on March 18."

Here is the original article...
http://www.truenorth-forex.blogspot.com/
  • #76,124
  • Mar 16, 2009 7:16pm Mar 16, 2009 7:16pm
Quoting Jhig
LOL -- can't help but to think about that Seinfeld episode. "Serenity Now!"
http://i40.tinypic.com/mkd7h3.jpg
Not all sins are created equal
  • #76,125
  • Mar 16, 2009 7:19pm Mar 16, 2009 7:19pm
Quoting panguFX
"The central bank, which started lowering a key interest rate in September, has recently turned much more aggressive. Over the span of just eight days in January, it slashed rates by 1.25 percentage points -- the biggest one-month reduction in a quarter century. Economists and Wall Street investors predict the Fed will cut rates again at its next meeting on March 18."

Here is the original article...
http://www.truenorth-forex.blogspot.com/
I would find a more accurate news source, to say the least.

It also says:

"Record high oil prices -- topping $100 a barrel -- are pushing consumer prices upward. That's shrinking paychecks, and with people feeling less well off because the values of their homes have dropped, consumer spending 'slowed significantly' toward the end of the year, the Fed chief said".


Just a little behind the times, 6 months behind.
  • #76,126
  • Mar 16, 2009 7:20pm Mar 16, 2009 7:20pm
Quoting panguFX
"The central bank, which started lowering a key interest rate in September, has recently turned much more aggressive. Over the span of just eight days in January, it slashed rates by 1.25 percentage points -- the biggest one-month reduction in a quarter century. Economists and Wall Street investors predict the Fed will cut rates again at its next meeting on March 18."

Here is the original article...
http://www.truenorth-forex.blogspot.com/

Ok, i went forward and check the predictions, the current rate is <0.25 as stated, the predictions are <0.25 too, since this is a somewhat "flexible" rate, ranging between 0 and .25.
The most that could happen imho was a fixed cut to 0, but I wouldn't count on it.
Traders are smartasses
  • #76,127
  • Mar 16, 2009 7:20pm Mar 16, 2009 7:20pm
UK is down to 0.50% which is just stupid ( I'm on a fixed mortgage for 16months more 6.25% arrggghhhh ) and I hear they are going to cut again, so expect negative.

And yet a credit card company has raised there rate from 28% to 36% I hear recently!!

This entire problem is because people have tooooo damn much credit they can only afford by getting more credit so in making it easier for people to get more credit you can spin it out longer while burying your head in the sand, the more you spin it out the worse it'll be.

Just wipe all credit card and loan debts out completely, leaving Car + Mortgages only, STOP more lending totally then people would have Cash they could spend and without more debts this would then be sustainable.

EASY Really, likely cost less to do above than they've spent for Zero effect so far.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #76,128
  • Mar 16, 2009 7:25pm Mar 16, 2009 7:25pm
Sorry I had to say it!!
  • #76,129
  • Mar 16, 2009 7:27pm Mar 16, 2009 7:27pm
what language do you speak?
  • #76,130
  • Mar 16, 2009 7:29pm Mar 16, 2009 7:29pm
Quoting panguFX
what language do you speak?
english
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #76,131
  • Edited 7:52pm Mar 16, 2009 7:30pm | Edited 7:52pm
Quoting gatorinla
2951 is the 50% retrace from last bull move.. if rejected then 2994 is passed im looking to short around 3025--or todays high.. it could go as low as 2923 for this last bull spike to remain mathematicaly wise intack.. and still be considerd in the bull move.. im looking at the longer term and hope it does give the bulls short term run.. for me to enter short..

4hour nap and i feel like ive been here before...degevue (misspelled ) all over again... i feel like its ground hog day...

enclosing a little little known trading tip for experts as well as nebies that may help trading.
Inserted Video


when you finish this there will be a short test after to see what you have learned..
those who can, do. those who cant, talk about those who can
  • #76,132
  • Mar 16, 2009 7:35pm Mar 16, 2009 7:35pm
Quoting neel123
Sorry I had to say it!!
does re-tarded mean you were tarded first? then you were cured..then had a relapse and got it twice? as in re-tarded? i guess its one of those things you can get more then once..maybe if you get it 3 times its tri-tarded..but im not a tarded expert though i play one on tv..
those who can, do. those who cant, talk about those who can
  • #76,133
  • Mar 16, 2009 7:35pm Mar 16, 2009 7:35pm
Quoting gatorinla
...degevue (misspelled ) all over again... i feel like its ground hog day...
That's Deja Vu. Affectionaly known as Dejaja vuvu...
Not sure but I think Robin Williams deserves the credit for thie Vuvu aspect...
  • #76,134
  • Mar 16, 2009 7:35pm Mar 16, 2009 7:35pm
Quoting gatorinla
enclosing a little little known trading tip for experts as well as nebies that may help trading.
http://www.youtube.com/watch?v=u1VEY7ndKCs
that's funny!
Pip what you see; See what you pip!
  • #76,135
  • Mar 16, 2009 7:35pm Mar 16, 2009 7:35pm
Some action now, not much movement in any direction, but we've got some accumulation happening.

EDIT: gator, that video helped me to broaden my already wide perspective on trading!
Traders are smartasses
  • #76,136
  • Mar 16, 2009 7:37pm Mar 16, 2009 7:37pm
Quoting gatorinla
4hour nap and i feel like ive been here before...degevue (misspelled ) all over again... i feel like its ground hog day...

enclosing a little little known trading tip for experts as well as nebies that may help trading.
http://www.youtube.com/watch?v=u1VEY7ndKCs
http://i41.tinypic.com/2nrncdh.jpg
Not all sins are created equal
  • #76,137
  • Mar 16, 2009 7:38pm Mar 16, 2009 7:38pm
Quoting Bemac
That's Deja Vu. Affectionaly known as Dejaja vuvu...
Not sure but I think Robin Williams deserves the credit for thie Vuvu aspect...
thanx... with my stutter and all it aways come out wrong..
those who can, do. those who cant, talk about those who can
  • #76,138
  • Mar 16, 2009 7:42pm Mar 16, 2009 7:42pm
Quoting Jay Walker
http://i41.tinypic.com/2nrncdh.jpg
i hear ya last years over.. time to pick trades more carefully..getting back to old days.. ranges are tightening..
those who can, do. those who cant, talk about those who can
  • #76,139
  • Mar 16, 2009 8:01pm Mar 16, 2009 8:01pm
Quoting gatorinla
does re-tarded mean you were tarded first? then you were cured..then had a relapse and got it twice? as in re-tarded? i guess its one of those things you can get more then once..maybe if you get it 3 times its tri-tarded..but im not a tarded expert though i play one on tv..
HA HA
  • #76,140
  • Mar 16, 2009 8:10pm Mar 16, 2009 8:10pm
Quoting Spsantos
...Now seriously, negative interest rates? un-interest rates?
Quoting bablo
He must think that lenders will pay out interest on any borowed money.
Now you're getting it...

"Late last week, things took an even more bizarre turn in the Japanese money markets. The nation's benchmark overnight lending rate, the interest rate banks charge each other, fell below zero for the first time.

That means the banks aren't just giving money away – they're paying other banks to take it. In many ways, it's the ultimate vote of no-confidence in the Japanese financial system."
http://www.abc.net.au/pm/content/2003/s893425.htm

Just one of many such articles on Japan's plight back in the 90's and maybe again...
FUBAR...
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