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  • #169,381
  • Dec 7, 2009 9:38am Dec 7, 2009 9:38am
ben b.
http://www.cnbc.com/id/24596546
  • #169,382
  • Dec 7, 2009 9:38am Dec 7, 2009 9:38am
Quoting psiholog
The e/j is the pair I trade when not trading the Eur/Usd. I have been shorting it since market open. Still, it too reached a point of indecision at a heavy S/R level. It unlike the Usd/Jpy was in an uptrend that broke down. Now its possible we can see a retest of that break out wall which may form a double top in the process (what I think will happen), or we may break down hard here. Still...its 50/50 right now but I dont think it gives a clearer picture then the Usd/Jpy. I still say the best course of action while Bernanke talks is to be flat,...

Heres what I have for my chart...it did break the 50 fib....if i decide to short ill wait till it pulls back to the fib or my trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: currentej.jpg Size: 139 KB
  • #169,383
  • Dec 7, 2009 9:38am Dec 7, 2009 9:38am
Quoting Pln
what's going on ? anybody
Just go back top bed for an hour.
  • #169,384
  • Dec 7, 2009 9:41am Dec 7, 2009 9:41am
Quoting Pln
what's going on ? anybody
Unattached hats are flying off the craniums of wannabe forex intellectuals leaving exposed the $#!t for brains they got.
Not all sins are created equal
  • #169,385
  • Dec 7, 2009 9:41am Dec 7, 2009 9:41am
Let's look at what is possible:

1) He does not mention monetary policy

Outcome-- perhaps slightly bullish. The stated Fed policy remains intact... intrest rates low for an extended period. Impact limited.

2) He hints at higher rates in the near future.

Outcome. Hello 4625 area, maybe more. Trend change likley.

3) He restates Fed Policy of low rates.

Outcome-- This was just a dip. We jump back inside the daily channel and resume our upward march.... (and my wife get's a new car for Christmas!)


This is just how I see it.... I could be now and have been wrong before!
  • #169,386
  • Dec 7, 2009 9:41am Dec 7, 2009 9:41am
Quoting Nud
ben b.
http://www.cnbc.com/id/24596546

Thanks I'll tune in....
  • #169,387
  • Dec 7, 2009 9:44am Dec 7, 2009 9:44am
still got mine
those who can, do. those who cant, talk about those who can
  • #169,388
  • Dec 7, 2009 9:45am Dec 7, 2009 9:45am
Quoting gatorinla
still got mine
You got the whole set; balls of steel, hat with extra strong hat glue and (please take it as a compliment) an attitude like nobody's business.
Not all sins are created equal
  • #169,389
  • Dec 7, 2009 9:45am Dec 7, 2009 9:45am
Quoting Jfk
The way I see it is they will have to keep interest rates as low as humanly possible for as long as possible. They want people to start spending money and devaluing the currency is an attempt at this: you may as well spend it if it's going to be worthless? In this way they hope to increase capital spending and stimulate real GDP growth. However, all they have currently succeeded in doing is inflating certain asset classes (and making banks richer). They know this but cannot reverse the strategy and this will create volatility for years as players...
methinks
  • #169,390
  • Dec 7, 2009 9:45am Dec 7, 2009 9:45am
[BERNANKE ON EXIT STRATEGY] Bernanke says the Fed's balance sheet expansion will not lead to inflation, that the Fed has the tools to withdraw stimulus. The Fed is committed to keeping inflation low and will be able to do so. The Fed can sell assets from its balance sheet, if necessary. Even if the Fed's balance sheet remains 'swollen" the funds rate can be raised to tighten policy. Raising rates on bank reserves at the Fed will be an important tool to tighten policy. Back on the inflation outlook, he says wage and price trends are slowing due to economic slack, and that long-run inflation expectations are stable. High unemployment and stable expectations could push inflation lower, and will at least keep it stable.
those who can, do. those who cant, talk about those who can
  • #169,391
  • Dec 7, 2009 9:46am Dec 7, 2009 9:46am
90 pips in 10 min?

what is it about ?

big move... trend line defended?
  • #169,392
  • Dec 7, 2009 9:47am Dec 7, 2009 9:47am
Quoting FX-Petra
Let's look at what is possible:

1) He does not mention monetary policy

Outcome-- perhaps slightly bullish. The stated Fed policy remains intact... intrest rates low for an extended period. Impact limited.

2) He hints at higher rates in the near future.

Outcome. Hello 4625 area, maybe more. Trend change likley.

3) He restates Fed Policy of low rates.

Outcome-- This was just a dip. We jump back inside the daily channel and resume our upward march.... (and my wife get's a new car for Christmas!)


This is just how I see it.... I could...
she will get her car most likely that was a good plan.. happy hollydays you and your loved ones
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #169,393
  • Dec 7, 2009 9:50am Dec 7, 2009 9:50am
stable inflation does mean stable rates ? so no word about rising rates ?
  • #169,394
  • Dec 7, 2009 9:50am Dec 7, 2009 9:50am
Thanks Gator,

So it sounds like rates can be increased but not definate.....

You are better at translating it.....so what is you take? EU LONG or SHORT? Thanks
  • #169,395
  • Dec 7, 2009 9:52am Dec 7, 2009 9:52am
Quoting Pln
90 pips in 10 min?

what is it about ?

big move... trend line defended?
Bernanke spoke. Said to sell dollars and buy euros.
  • #169,396
  • Dec 7, 2009 9:53am Dec 7, 2009 9:53am
Nothing will change. Policy stays the same but they are going to keep an eye on things (of course) and make sure the naughty banks are better capitalised.
  • #169,397
  • Dec 7, 2009 9:53am Dec 7, 2009 9:53am
If Fed increase the interest rate then EUR will be down for long.
  • #169,398
  • Dec 7, 2009 9:53am Dec 7, 2009 9:53am
Quoting Pln
stable inflation does mean stable rates ? so no word about rising rates ?
There is no reason to raise rates if there is no inflation threat (except for all the cry baby politicans around the world). Low intrest rates and weak dollar are good for USA right now.
  • #169,399
  • Dec 7, 2009 9:54am Dec 7, 2009 9:54am
Seems like we are all geniuses deciphering Ben's comments. We should all be on TV
  • #169,400
  • Dec 7, 2009 9:55am Dec 7, 2009 9:55am
well, well, well ... maybe we are not dead
The best thing that can happen to you is to find out where you're wrong.
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