EURUSD | Page 7595 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #151,881
  • Oct 13, 2009 2:25pm Oct 13, 2009 2:25pm
Quoting cgldsmth
It's in the interest of the USA.
So, as long as the Fed keeps up the weak dollar policy (they can smile & say "strong dollar" every day or so) and some choice foreign CB's keep moving their reserves out of USD, then it's a death spiral for the greenback, simple, right? Except, all those other foreign countries who depend on their exports to the USA will suffer from the weak $, so they will try to intervene (witness reported Asian sovereigns buying USD last week - protecting against E/U rise above .4850, for instance). But maybe they don't have enough firepower to stop the train, which is a runaway until the Fed jacks up the interest rate. Then maybe the exporting countries will just start selling all their cheap-labor produced stuff to each other, and the USA becomes a backwater. Maybe my children can get a job working in a sweatshop factory here to make plastic Barbies to ship to the Wal-Marts in Maylasia. If they're lucky. Is that how the fable goes?

But what are we going to do with this big military industrial complex? Can we sell that on ebay?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,882
  • Oct 13, 2009 2:38pm Oct 13, 2009 2:38pm
Quoting The Fool
So, as long as the Fed keeps up the weak dollar policy (they can smile & say "strong dollar" every day or so) and some choice foreign CB's keep moving their reserves out of USD, then it's a death spiral for the greenback, simple, right?
You know, it's not only the US$ that is losing value, it's also the GBP. I know it is awful to see your currency get slammed day after day but it is hard to argue with the market. I feel your pain.
Nothing worth having is easy.
  • #151,883
  • Oct 13, 2009 2:39pm Oct 13, 2009 2:39pm
Quoting The Fool
We're all in this together, coach. There's no "I" in Global Economy.
I am not with you.
There is "I" in Global Enonomy, I would say "BIG I" and it is called FED.
  • #151,884
  • Oct 13, 2009 2:40pm Oct 13, 2009 2:40pm
Quoting The Fool
But what are we going to do with this big military industrial complex? Can we sell that on ebay?
Bingo. The reason the idea is absurd is that it would trigger WWIII. Could it happen - sure. Will it happen - no one really wants it to. Right now is the time to rattle sabres...and they will do so with gusto. I think you will find that few wish it to graduate into full-blown economic warfare, which would inevitably escalate into actual warfare.
  • #151,885
  • Oct 13, 2009 2:42pm Oct 13, 2009 2:42pm
Quoting Patience
You know, it's not only the US$ that is losing value, it's also the GBP. I know it is awful to see your currency get slammed day after day but it is hard to argue with the market. I feel your pain.
lol well the brits have always been good company, and dependable in a pinch, too. Ya'll still have the RAF, right? I haven't seen that on ebay yet....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,886
  • Oct 13, 2009 2:43pm Oct 13, 2009 2:43pm
Quoting Spsantos
I totally agree but that was a bit more elaborated then I intended

My initial comment was mostly because most people here act like they only sell so they need reasons to do it(sell), not to trade. And even when just a fart shows a larger bear candle, the calls for "the fall" begin. So i guess these news could mean for those yet another reason for the long awaited downfall.
I also expect to ride this down, when the time comes. (Charts tell me too)

Now, I am well aware of this bubble we went into pretty fast too

Best regards
i need dates and times.. since were all going to hell in a hand basket. and we will not have any electricity i got my sardines and crackers packed. now what time should i set my sun dial too? im following the roaches since they will be the only ones left. until then im still shorting the gbp against commodity pairs and up till today was doing great!!! i mean real great.. these pairs actually move.. ... well reloading time... im hunting wabbit and smoking them for the nuclear winter..
those who can, do. those who cant, talk about those who can
  • #151,887
  • Oct 13, 2009 2:47pm Oct 13, 2009 2:47pm
Quoting gatorinla
i... im hunting wabbit and smoking them for the nuclear winter..
Don't bogart dat wabbit, Elmer!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,888
  • Oct 13, 2009 2:53pm Oct 13, 2009 2:53pm
"Except, all those other foreign countries who depend on their exports to the USA will suffer from the weak $"

Why???????????????????????
TRADE FOR SWAP
  • #151,889
  • Oct 13, 2009 2:57pm Oct 13, 2009 2:57pm
Quoting gatorinla
i need dates and times.. since were all going to hell in a hand basket. and we will not have any electricity i got my sardines and crackers packed. now what time should i set my sun dial too? im following the roaches since they will be the only ones left. until then im still shorting the gbp against commodity pairs and up till today was doing great!!! i mean real great.. these pairs actually move.. ... well reloading time... im hunting wabbit and smoking them for the nuclear winter..

Don't ask me , I don't predict anything, you *may* have misunderstood my post... the main subject was in the middle paragraph
Traders are smartasses
  • #151,890
  • Oct 13, 2009 3:00pm Oct 13, 2009 3:00pm
Quoting cgldsmth
"Except, all those other foreign countries who depend on their exports to the USA will suffer from the weak $"

Why???????????????????????
Weaker dollar buys less shit produced by cheap labor in foreign countries, produced expressly for sale to other countries with surplus cash to spend on cheap foreign goods. Add to that the fact that if you ain't got a job and a paycheck then you ain't buyin excess cheap foreign shit anyway. So maybe Chinese factories start closing down and all them millions hit the streets. Oh, shit, we shoulda built more tanks. So, we all roaches riding on one big turd swirling down the hole. Lucky roach on the high end of the stool might get the last gasp, but that's no consolation.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,891
  • Oct 13, 2009 3:16pm Oct 13, 2009 3:16pm
good night guys
  • #151,892
  • Oct 13, 2009 3:16pm Oct 13, 2009 3:16pm
Quoting cgldsmth
"Except, all those other foreign countries who depend on their exports to the USA will suffer from the weak $"

Why???????????????????????
well if u.s. ends up exporting Asian barbies, it will reduce deficit and boost usd in time. we may have to build factories. (like we tore down) hey build factories and make barbies in the u.s.a.. who would of thunk it? a manufacture base that can make you strong?.. hey all we need now is some natural resources.. hey we got that too...

LUCY!!!!!! u got some splaining to do!!!! who you been pucking???

somebody needs an ass whippen. the king has no clothes.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #151,893
  • Oct 13, 2009 3:18pm Oct 13, 2009 3:18pm
Quoting Spsantos
Don't ask me , I don't predict anything, you *may* have misunderstood my post... the main subject was in the middle paragraph
*L* i was pucking with ya..
those who can, do. those who cant, talk about those who can
  • #151,894
  • Oct 13, 2009 3:40pm Oct 13, 2009 3:40pm
http://www.cnbc.com/id/33290741/site/14081545
those who can, do. those who cant, talk about those who can
  • #151,895
  • Oct 13, 2009 4:02pm Oct 13, 2009 4:02pm
I think that in order to get higher here, we will need to see a powerful break of the 4865 - 4875 area, and it needs to be convincing. I'm not saying that won't happen, I'm just saying that it needs to be a convincing break. If it comes, then I imagine 1.5xxx is in order.

However, I do wonder to myself how much of this economic crisis is real, and how much is fueled by 'idle hands' who have nothing better to do than to speculate on worst case scenarios all the time. I mean, much of the rest of the world, whilst they may not yet have 'turned the corner' to recovery, can at least see the corner coming up. Yet it seems (to me) that two very significant players (USA & UK), can only see the doom and gloom.

Perhaps I see the donut more than the hole in the middle. I don't know. But I'm sure that much of what is going on is artificial and is perpetuated by the gloom mongers.

Okay, rant over
Doing what you like is Freedom. Liking what you do is Happiness.
  • #151,896
  • Oct 13, 2009 4:02pm Oct 13, 2009 4:02pm
big size contract for 1.4827 my target
  • #151,897
  • Oct 13, 2009 4:15pm Oct 13, 2009 4:15pm
Quoting realjumper
I think that in order to get higher here, we will need to see a powerful break of the 4865 - 4875 area, and it needs to be convincing. I'm not saying that won't happen, I'm just saying that it needs to be a convincing break. If it comes, then I imagine 1.5xxx is in order.

However, I do wonder to myself how much of this economic crisis is real, and how much is fueled by 'idle hands' who have nothing better to do than to speculate on worst case scenarios all the time. I mean, much of the rest of the world, whilst they may not yet have 'turned the...
Well i have to add that i agree that its made artificially. For some big players to get some more money and etc..... but we should see some more balance up coming day's i believe. What happend today i am quite sure no one in this forum predicted right .... i failed also not so big but i can say i failed ... but i got some nice pips also still two shorts running on minus side.. but overall picture seems for a bit weird that US is letting it out of hands big time.... we might see 1.5 i am prepared for this also ... i will tank my shorts up there if need but i rather take these out near 1.476

I believe that Asia session will bring it down to 1.4800 area again because its already their interest to get the dollar stronger ....

I might be totally worng and see it totally in a wrong angle but just wanted to express my view on all of this what we saw today... and what might happened... double top still there

Happy pipin for all
  • #151,898
  • Oct 13, 2009 4:16pm Oct 13, 2009 4:16pm
Quoting viljam
Well i have to add that i agree that its made artificially. For some big players to get some more money and etc..... but we should see some more balance up coming day's i believe. What happend today i am quite sure no one in this forum predicted right .... i failed also not so big but i can say i failed ... but i got some nice pips also still two shorts running on minus side.. but overall picture seems for a bit weird that US is letting it out of hands big time.... we might see 1.5 i am prepared for this also ... i will tank my shorts up there if...
yea i also think assians will bring us down.. but i think we ll get just to 4830 or so..
Pation is the Holy Grail
  • #151,899
  • Oct 13, 2009 4:20pm Oct 13, 2009 4:20pm
dow tomorrow needs 130 points to touch 10,000 and at the same time eur will touch the 1.5 and then both dow and eur down for the coming 6 months
  • #151,900
  • Oct 13, 2009 4:21pm Oct 13, 2009 4:21pm
if you look at weekly you can see that there is still enough room to go up.. RSI not even above 70.. if eur reaches 4919 till the end of this week i WONT be surprised at all ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: pr555.gif Size: 12 KB
Pation is the Holy Grail
1,059 traders viewing now