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  • #79,141
  • Mar 24, 2009 6:29am Mar 24, 2009 6:29am
Quoting govno
Export to EU: $1.952 trillion (2007)
Import from EU: $1.69 trillion (2007)

EU and US are by far the biggest partners in the world and they have a very good import/export business going on so imagine a sudden huge drop of USD. It would kill the business.

So Euro Zone has to do what they're doing right now to save their import/export and devalue their currency or let it go bull and say bye bye to their American partner.

United States is a country with the biggest debt in the world, I believe it's about 11,000 billion right now and since they don't...

the problem is that US could finish without partners... they want to buy american? Europe will buy european and asia will buy asian...

in 10 years? in 10 years there will be a lot more people suffering.
  • #79,142
  • Mar 24, 2009 6:31am Mar 24, 2009 6:31am
Do you guys see this baby breaking the 1.3500?
  • #79,143
  • Mar 24, 2009 6:33am Mar 24, 2009 6:33am
Quoting govno
Export to EU: $1.952 trillion (2007)
Import from EU: $1.69 trillion (2007)

EU and US are by far the biggest partners in the world and they have a very good import/export business going on so imagine a sudden huge drop of USD. It would kill the business.

So Euro Zone has to do what they're doing right now to save their import/export and devalue their currency or let it go bull and say bye bye to their American partner.

United States is a country with the biggest debt in the world, I believe it's about 11,000 billion right now and since they...
u.s. holds more gold reserves then any other country in the world.. and we paid for it with paper..
those who can, do. those who cant, talk about those who can
  • #79,144
  • Mar 24, 2009 6:37am Mar 24, 2009 6:37am
Quoting emda
the problem is that US could finish without partners... they want to buy american? Europe will buy european and asia will buy asian...

in 10 years? in 10 years there will be a lot more people suffering.
and guess whos gonna feed them... north america
those who can, do. those who cant, talk about those who can
  • #79,145
  • Mar 24, 2009 6:45am Mar 24, 2009 6:45am
So Far EU still holding...
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  • #79,146
  • Mar 24, 2009 6:45am Mar 24, 2009 6:45am
Quoting 99vt66
Hi, Greetings All,

Price is shaping up for a consolidation mode of between 13715 and 13500. A break of either will determine the assets next mode. My take is more inclined to a break of 13500 and then price will bounce up to 13650 to continue its decline. Let's see if I m right......... gl and stay real nimble especially if price is morphing into another mode.And for all those who scalp in and out of trade looking for 30-40 pips, try using sma 14 on 5 min chart to track price during a big move. Any breach of that sma means run is over. Hope to...
Looks like a rangey market again with pip value of 140-180 for today whilst market is evaluating the implications of Feds latest move and the main focus is more on equity market than forex right now.

Just my thought...hope to help.
  • #79,147
  • Mar 24, 2009 6:46am Mar 24, 2009 6:46am
Quoting Tenshi28
Do you guys see this baby breaking the 1.3500?
Could be tough.
+ Charts Happen
  • #79,148
  • Mar 24, 2009 6:56am Mar 24, 2009 6:56am
equitys futures are down at the moment..
those who can, do. those who cant, talk about those who can
  • #79,149
  • Mar 24, 2009 6:58am Mar 24, 2009 6:58am
Quoting gatorinla
equitys futures are down at the moment..
Was up 500 yesterday anything better than -200 would be a good day there.
+ Charts Happen
  • #79,150
  • Mar 24, 2009 7:00am Mar 24, 2009 7:00am
Quoting gatorinla
u.s. holds more gold reserves then any other country in the world.. and we paid for it with paper..
well, the u.s. holds less gold than the EUR countries..
(cf. http://en.wikipedia.org/wiki/Gold_reserve)
  • #79,151
  • Mar 24, 2009 7:04am Mar 24, 2009 7:04am
gatorinla, maybe it does but the Gold Standard was abandoned in 1933 for American citizens and in 1971 for the rest of the world. Gold, since then, is not a foundation of American monetary system.

Back then it was determined by the amount of Gold reserve how much paper money could be printed because too much paper money would mean a collapse of Gold Standard. Today, they can print whatever the amount of paper money they want because the Gold does not play such an important role as it did few decades ago. That's why there was no inflation in American history until the Gold as a standard was replaced with fiat money.

Before 20th Century, American people were actually holding a piece of Gold in their hands because the currency price was fixed in terms of an amount of Gold but after 20th Century American people were holding a worthless piece of paper in their hands because Gold as a reserve was replaced with USD.

So it doesn't matter how much Gold United States have, it's not a standard it's more like an exchange program. You don't own Gold anymore, you exchange money for it.

Anyway, fiat system is just a short-term solution, it can't work long-term and in such system a collapse of a currency is unavoidable. After that you create a new fresh currency and repeat the process. History speaks for itself.
  • #79,152
  • Mar 24, 2009 7:04am Mar 24, 2009 7:04am
Long at 1.3550 Target 1.4000
+ Charts Happen
  • #79,153
  • Mar 24, 2009 7:10am Mar 24, 2009 7:10am
nothing better than to wake up +120 pips...ohhhh yeahhhhh
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #79,154
  • Mar 24, 2009 7:10am Mar 24, 2009 7:10am
Quoting Passholder
Was up 500 yesterday anything better than -200 would be a good day there.
somethings up...u.s is europes top trading partner... the gap isnt really that much in 2007 .in early 2008 this gap got more less because strength of eur. but that didnt hurt e-zone because we were still spending. but now americans are not spending. if the dollar is weaker and we spend even less money buying beamers.. hurting euro zone.. still need to trade your charts . seems like we had the same type of trading in the other direction 6 wks back..
those who can, do. those who cant, talk about those who can
  • #79,155
  • Mar 24, 2009 7:18am Mar 24, 2009 7:18am
Quoting Passholder
Long at 1.3550 Target 1.4000
That's good, i think now. Very huge options call at 1.4000 in next two week or more.
The market is always right, but it is not never wrong!!!
  • #79,156
  • Mar 24, 2009 7:20am Mar 24, 2009 7:20am
Quoting govno
gatorinla, maybe it does but the Gold Standard was abandoned in 1933 for American citizens and in 1971 for the rest of the world. Gold, since then, is not a foundation of American monetary system.

Back then it was determined by the amount of Gold reserve how much paper money could be printed because too much paper money would mean a collapse of Gold Standard. Today, they can print whatever the amount of paper money they want because the Gold does not play such an important role as it did few decades ago. That's why there was no inflation in American...
yes but in 1971 the gold standard was removed..nixon did it..gold then was $35 per oz..history speaks if allowed to..
those who can, do. those who cant, talk about those who can
  • #79,157
  • Mar 24, 2009 7:22am Mar 24, 2009 7:22am
Quoting guardians
That's good, i think now. Very huge options call at 1.4000 in next two week or more.
Felt strange entering my limit with a 4 handle. I was talkiong over the weekend and saying 25,26,27 by accident when I meant 35,36,37.
+ Charts Happen
  • #79,158
  • Mar 24, 2009 7:36am Mar 24, 2009 7:36am
Quoting pit73
well, the u.s. holds less gold than the EUR countries..
(cf. http://en.wikipedia.org/wiki/Gold_reserve)
i dont doubt that.. not trying to get in a pissing contest.. my point is we are interlinked and if eu gets to strong its bad for europe. we are your best customer and pricing products out of reach will make you produce less..it will correct itself first in the eu.
those who can, do. those who cant, talk about those who can
  • #79,159
  • Mar 24, 2009 7:51am Mar 24, 2009 7:51am
1 hr chart - could be heading to 1.3450

Nice bull flag developing.
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  • #79,160
  • Mar 24, 2009 7:53am Mar 24, 2009 7:53am
EUR-USD Line Charts 4H and HOURLY... FWIW
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