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  • #176,181
  • Dec 29, 2009 1:05pm Dec 29, 2009 1:05pm
Quoting Why Oh Why
As we're now below 1.44 look for further downside to 1.4 and below. It didn't rebound on its support. The RSI suggested that it lacked downward momentum. It was wrong. I hope you're with me. Last 1.434.
Current short positions will now be reviewed towards 1.428 because any upward move is likely to be limited by the resistance at 1.44. Holding short from 1.445. Last 1.436.
Do not focus on making money; focus on protecting what you have.
  • #176,182
  • Dec 29, 2009 1:07pm Dec 29, 2009 1:07pm
Quoting lloydblankfe
Exactly the point I have been trying to make, there are no creditors only debtors in Europe. The fact Greece not being allowed to borrow at such rates clearly shows that interest rates are not converging in Eurozone and hence the system is not working. The bureaucrats will not admit.

This is not a radical assumption however, every political union in the history of the world has collapsed, so will eu with time. Euro is not economics currency yet political one.



Ohhh - yes - I do remember that very well - the EURO and the EUROZONE were concluded in December 1989 in Potdam in that ugly 'Cäzilienhof' at the Wannsee...


I wished it had never happened!


I have been there just in that time - at my beloved home in Berlin Town - (WEST) ofcourse ...
  • #176,183
  • Dec 29, 2009 1:12pm Dec 29, 2009 1:12pm
the beast caught down this time. details on my blog for everybody as always.
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  • #176,184
  • Dec 29, 2009 1:14pm Dec 29, 2009 1:14pm
Quoting malcolmb14
at last someone who is talking sense. The demise of the eu to 0.5 will not be due to dollar getting like super man .... instead it will be thru the demise and extinction of the euro
I try Mal but still most disagree with me. I had this very conversation today with somebody who just couldn't imagine it. And he's chairman of a small private bank in London!
Do not focus on making money; focus on protecting what you have.
  • #176,185
  • Dec 29, 2009 1:15pm Dec 29, 2009 1:15pm
Quoting Michael112
Greece should never have been allowed to borrow at such low rates during the good times, and Eastern Europeans shouldn't have been permitted to take out mortgages in foreign currencies.

Honestly, the EU needs stronger central governing institutions, but that will never happen due to national politics taking precedence.
Glad you agree Michael. It could never work MT.
Do not focus on making money; focus on protecting what you have.
  • #176,186
  • Dec 29, 2009 1:24pm Dec 29, 2009 1:24pm
Quoting Why Oh Why
I try Mal but still most disagree with me. I had this very conversation today with somebody who just couldn't imagine it. And he's chairman of a small private bank in London!
all he has to do is look at history. it tends to repeat. its not just the mid east that likes to fight among themselfs. bad economy and you have a powder keg. u.s. is not going to return to buying from europe or japan as it once did. its over.. s. korea and chinindia has their market share. plus now u.s. is creating more manufacturing jobs. jap-ez has to re-invent themselfs.
those who can, do. those who cant, talk about those who can
  • #176,187
  • Dec 29, 2009 1:33pm Dec 29, 2009 1:33pm
Yeah, Compare Greece to California which has GDP size close to India

and on the ropes BK and broke. Arni crying for more money.

How many Countries like Greece California worth? 10? 20?

http://www.dailybreeze.com/opinions/ci_14084399

"As a state legislator, this is difficult to admit, but the legislative process is often impotent
and since the Republicans refuse to accept any revenue increases while California goes broke, we are left with no choice."

"
California Watch: Will California Default on Bond Debt in 2010?"

http://imarketnews.com/node/6483
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #176,188
  • Dec 29, 2009 1:51pm Dec 29, 2009 1:51pm
Quoting gatorinla
all he has to do is look at history. it tends to repeat. its not just the mid east that likes to fight among themselfs. bad economy and you have a powder keg. u.s. is not going to return to buying from europe or japan as it once did. its over.. s. korea and chinindia has their market share. plus now u.s. is creating more manufacturing jobs. jap-ez has to re-invent themselfs.
Goodness gracious. Four people in the last hour generally share the same view. Come on then. I was hoping someone would disagree with the Euro going before the greenback. Then we'd get in to a debate. But no. Peace has broken out at FF. That's rare. Only joking. A happy, healthy and prosperous new year to everyone.
Do not focus on making money; focus on protecting what you have.
  • #176,189
  • Dec 29, 2009 2:06pm Dec 29, 2009 2:06pm
is highly unliky eurusd will disaper in 2012 imo is here for our life time at the very least.
i have buystop @1.4330 lookin for 25 pips
  • #176,190
  • Dec 29, 2009 2:15pm Dec 29, 2009 2:15pm
Quoting Why Oh Why
Goodness gracious. Four people in the last hour generally share the same view. Come on then. I was hoping someone would disagree with the Euro going before the greenback. Then we'd get in to a debate. But no. Peace has broken out at FF. That's rare. Only joking. A happy, healthy and prosperous new year to everyone.
i do disagree and though there s a lot of financial issues with euro lets not forget that the financial disaster for the dollar is not over its only covered up and as long as the system remains broken and full of corruption there ll be no hope . printig money wont help on the long run it will get sp500 up and up but it will devalue the dollar
  • #176,191
  • Dec 29, 2009 2:27pm Dec 29, 2009 2:27pm
Quoting paulw6182
is highly unliky eurusd will disaper in 2012 imo is here for our life time at the very least.
i have buystop @1.4330 lookin for 25 pips

entschuldigung - I think you have a buy limit at 1.4330 - looking for the level we trade now - 1.4355/58 ...

But why not sell it then now - if you are convinced for such a difference or decline move ...?

  • #176,192
  • Dec 29, 2009 2:36pm Dec 29, 2009 2:36pm
Quoting redsheriff
entschuldigung - I think you have a buy limit at 1.4330 - looking for the level we trade now - 1.4355/58 ...

But why not sell it then now - if you are convinced for such a difference or decline move ...?


moreover - that makes no sense to me. Are you conviced - that it would be a good idea - when it is dropping now towards 1.4330 ask price - which we have not seen until now today - that this would be a good idea to buy then ???
  • #176,193
  • Dec 29, 2009 2:43pm Dec 29, 2009 2:43pm
Schweigen im Karton... das versteh' einer mal...
  • #176,194
  • Edited 3:03pm Dec 29, 2009 2:43pm | Edited 3:03pm
Quoting Why Oh Why
Goodness gracious. Four people in the last hour generally share the same view. Come on then. I was hoping someone would disagree with the Euro going before the greenback. Then we'd get in to a debate. But no. Peace has broken out at FF. That's rare. Only joking. A happy, healthy and prosperous new year to everyone.
although things in a world market take time to develope. currency is controlled by supply and demand. if your currency is high i cant afford to buy much... now the only reason joe blow off the u.s. streets would by euros. would be as a result of buying a beamer or shamwows..ect. when he does this, his usd buys euros to purchase the car. creating euro demand pushing it and the car higher. but without a job joe blow buys less. joe blow's dad buys less since he is supporting jobless joe blow. now if and when joe blow gets a job he may buy a beamer but it will take years. and it will just take years with the old style credit flow.. but the old credit style is gone and not comming back soon. mean while south korea moved in and is at the top of the class according to JD Powers. so now joe blow may just buy a kia when he gets a job. s korea has already taken double diget market share. these things take time to develope. strong currency has to have strong manufacturing to support it with demand. ez is lossing this each day. because of the inflation mandate. it will cause more unemployment. then you have less workers supporting the economy in a high social cost economy. this cant be good. greece is the canary in the coal mine.
high unemployment in u.s. only make it worse. s. korea and china is and has been phucking u.s. and more now europe by not floating currency. and we all bend over and watch because the ellite gave us shinny beads. well bend over u got plenty more comming. until we pull shinny beads out of ass and say "my turn"..happy newyear!!!
those who can, do. those who cant, talk about those who can
  • #176,195
  • Edited 2:58pm Dec 29, 2009 2:47pm | Edited 2:58pm
the PRICIPAL of all currencies is WORK - YES...
  • #176,196
  • Dec 29, 2009 2:48pm Dec 29, 2009 2:48pm
Quoting gatorinla
although things in a world market take time to develope. currency is controlled by supply and demand. if your currency is high i cant afford to buy much... now the only reason joe blow off the u.s. streets would by euros. would be as a result of buying a beamer or shamwows..ect. when he does this, his usd buys euros to purchase the car. creating euro demand pushing it and the car higher. but without a job joe blow buys less. joe blow's dad buys less since he is supporting jobless joe blow. now if and when joe blow gets a job he may buy a beamer...
in otherwords DON'T blow Joe
hang on to your bread......unless you want toast
  • #176,197
  • Dec 29, 2009 3:03pm Dec 29, 2009 3:03pm
one hour until rollover close / rollover open...

anyone a sense or estimation of where we will see the closing rates ???

which is a quite important fact for a daily estimation !!!
  • #176,198
  • Dec 29, 2009 3:05pm Dec 29, 2009 3:05pm
Quoting Gld
in otherwords DON'T blow Joe
no mo ho n no mo blow fo joe fo sho bro
"If The Fool persists in his Folly he will become wise." - William Blake
  • #176,199
  • Dec 29, 2009 3:11pm Dec 29, 2009 3:11pm
Quoting gatorinla
strong currency has to have strong manufacturing to support it with demand. ez is lossing this each day.
Hi Gator... Been reading the thread for ages, finally decided it's time to take part! Do you really mean specifically manufacturing here? Surely export of services etc has the same currency effect? Certainly ez manufacturing is disappearing, but surely that's OK if a better educated population moves into exporting services?
  • #176,200
  • Dec 29, 2009 3:11pm Dec 29, 2009 3:11pm
E/U Chart
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