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  • #202,901
  • Edited 3:56pm Feb 25, 2010 3:12pm | Edited 3:56pm
Quoting Kramerica
1. If national currencies are coming, why would the Euro Advance?
2. If the Chinese knew better and the Euro is NOT the new reserve, why is it going to advance to 1.50
3. How will the Chinese be paid handsomely if they "knew better" and the Euro is/will be the new reserve currency and it's goint to 1.50 ?

alles ist klar??
Alles klar my friend.

1. Everybody will not buy the Euro, when the masses are buying someone is selling. That´s a political issue. That leads directly to question 2.
2. The Chinese are holding the largest USD reserves, dont they? They love to buy cheap. Remember the mass media drivel about the dire situation of the Chinese holding all those USD reserves, when the Euro was up at 1,60?. They love that stuff, i wonder why.
3.See 2. I said, one more distribution rally. The USD will be a very precious commodity very soon.

Remember, what moves the currency markets is not the NFP report or some other nonsense. That is just entertainment for the masses. The market is moved by politics, the so called economy is just going along with it.
  • #202,902
  • Feb 25, 2010 3:13pm Feb 25, 2010 3:13pm
Quoting england33
now's a good time to look at those ma's. also note i have support at 1.3511 which has to be eclipsed for downtrend to continue. Don't ask me how I arrived at these figures (I look at the moon lol).
In the end, it all comes down to some basic calculation and the result is in the chart
They think they are smarter than I am.
  • #202,903
  • Feb 25, 2010 3:16pm Feb 25, 2010 3:16pm
Quoting majorusa
What confirmation?

from my system....
  • #202,904
  • Feb 25, 2010 3:17pm Feb 25, 2010 3:17pm
My analysis
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #202,905
  • Feb 25, 2010 3:20pm Feb 25, 2010 3:20pm
Thanks DMA....I guess I'll just wait and see how much we go down and watch the charts, to make an educated guess as to whether we continue down or I cut my losses and go the other way.... What bugs me though is all the negitive talk about this currency and yet something makes it go back up....for instance I was watching CNBC and the bond guy mention that there was 1.10 put action on the Eruo...stuff like that drive me crazy
  • #202,906
  • Feb 25, 2010 3:23pm Feb 25, 2010 3:23pm
Why are countries worried about money.....print somemore now.....why wait till lator....
  • #202,907
  • Feb 25, 2010 3:24pm Feb 25, 2010 3:24pm
Quoting SirMcPip
Alles klar my friend.

1. Everybody will not sell the Euro, when the masses are buying someone is selling. That´s a political issue. That leads directly to question 2.
2. The Chinese are holding the largest USD reserves, dont they? They love to buy cheap. Remember the mass media drivel about the dire situation of the Chinese holding all those USD reserves, when the Euro was up at 1,60?. They love that stuff, i wonder why.
3.See 2. I said, one more distribution rally. The USD will be a very precious commodity very soon.

Remember, what moves the...

Häää??

Ok, I know that the Chinese own a tremendous amount of Dollar reserves and they can easily be a threat to the US by selling dollars heavily
Hence the Euro would rise...
But why would they want to buy the Euro if it is about to fall apart?

Now my confusion is even bigger ...
  • #202,908
  • Feb 25, 2010 3:24pm Feb 25, 2010 3:24pm
Quoting petehnm
Thanks DMA....I guess I'll just wait and see how much we go down and watch the charts, to make an educated guess as to whether we continue down or I cut my losses and go the other way.... What bugs me though is all the negitive talk about this currency and yet something makes it go back up....for instance I was watching CNBC and the bond guy mention that there was 1.10 put action on the Eruo...stuff like that drive me crazy
you'll have to decide wheter you pay attention to charts. or CNBC. can't do both trust me

when eur was 1.45 all they say was. Greece what a small country. hahaha what a joke .. now they begin talking about Spain, Portugal and eur doesn't fall
got to watch that price action. they will just get you out of the trade with all that hype. expecialy CNBC
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,909
  • Feb 25, 2010 3:26pm Feb 25, 2010 3:26pm
I agree the charts make more sense...I mostly think of CNBC as market shills
  • #202,910
  • Feb 25, 2010 3:27pm Feb 25, 2010 3:27pm
I guess, you mean that back then, when the Euro was 1.60, the Chinese bought all the bucks because they were freaking cheap....

Now, the bucks are almost as expensive as they can be currently and they will sell them and therefore the Euro would rise??
  • #202,911
  • Feb 25, 2010 3:31pm Feb 25, 2010 3:31pm
Quoting 4rexLady_de
Häää??

Ok, I know that the Chinese own a tremendous amount of Dollar reserves and they can easily be a threat to the US by selling dollars heavily
Hence the Euro would rise...
But why would they want to buy the Euro if it is about to fall apart?

Now my confusion is even bigger ...
They like tu buy weakness and sell strength. remember. oil, gold. copper. usd.
They are wise in my view. They like to control a lot of things.
Look at Africa how much influence they got there.
Just a small example. They offer to give a loan to Moldavia a really small country which is really hard to find on the map near Russia. They would not have anything to gain from that country. they are just growing their influence over the world. step by step. until they become 1st power. They can bailout any country from Europe. Don't think EUR will collapse. at list don't trade like it's the last days of the EUR.
People got short the dollar exactly when they were about to replace the dollar almost same sentiment
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,912
  • Feb 25, 2010 3:33pm Feb 25, 2010 3:33pm
Quoting 4rexLady_de
Häää??

Ok, I know that the Chinese own a tremendous amount of Dollar reserves and they can easily be a threat to the US by selling dollars heavily
Hence the Euro would rise...
But why would they want to buy the Euro if it is about to fall apart?

Now my confusion is even bigger ...
Folks, the issue is definitely not my English. The answer is crystal clear.
  • #202,913
  • Feb 25, 2010 3:34pm Feb 25, 2010 3:34pm
Quoting 4rexLady_de
Häää??

Ok, I know that the Chinese own a tremendous amount of Dollar reserves and they can easily be a threat to the US by selling dollars heavily
Hence the Euro would rise...
But why would they want to buy the Euro if it is about to fall apart?

Now my confusion is even bigger ...


its all about world power struggle....they want to be #1 and i can assure u they will be, no doubt whatsoever in my mind. With one little squeeze they can send treasuries and dollar soaring just so they can buy more commodities to fuel their growth, they cant get enough. Demand is there, they CREATE supply when they want to by selling usd....then DUMP they start buying usd along with CHEAP commodities to fuel their growth....theyre smart, and will ascend to #1 Hope this helps.
  • #202,914
  • Feb 25, 2010 3:38pm Feb 25, 2010 3:38pm
China To Purchase Half of IMF’s Gold
25.02.2010
China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.


Yet gold went up today, even with an advancing dollar and lower DOW and copper. I think we are starting to see the beginnings of the decoupling.......
  • #202,915
  • Feb 25, 2010 3:42pm Feb 25, 2010 3:42pm
Quoting redroadking
China To Purchase Half of IMF’s Gold
25.02.2010
China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
[i]The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision...
That was the rumor - that China will get that last chunk of gold from IMF. As far as I know wasn't confirmed by China.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,916
  • Feb 25, 2010 3:43pm Feb 25, 2010 3:43pm
Afternoon gents, haven't been in the market since Tokyo where my short hit its TP, looks like I missed some good action through London and NYC.

ATM E/U is repecting that H1 channel I posted yesterday, although it didn't make it all the way to the bottom it is currently stopped at the top so decided to take a short (could be a bull flag forming so watch out), may not see much action until Tokyo gets fired up.
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This is what awesome feels like
  • #202,917
  • Feb 25, 2010 3:44pm Feb 25, 2010 3:44pm
It's about scarcity.


Or making you believe resources are limited.


This is all because they are going to print a lot of money DOW will go upto 50,000points
  • #202,918
  • Feb 25, 2010 3:44pm Feb 25, 2010 3:44pm
Quoting england33
My analysis
I agree....here's a chart I posted a couple of days ago. The green line is strong.If it get's broken, then shorts will play well. But until it get's broken, I have to more or less, sit this out!
Attached Image (click to enlarge)
Click to Enlarge Name: Picture-1.jpg Size: 77 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #202,919
  • Feb 25, 2010 3:50pm Feb 25, 2010 3:50pm
guys, for the further explanation...

Call me stupid but still I do not understand why the Euro would rise.

Yes, I know that the Chinese are on their way to become #1 and that they are buying commodities like crazy.
I also read about them being all over the place like Africa, etc. and I found it pretty brave of Obama to have the Dalai Lama anyway ( right after a Minister was called to China to pick up the words of anger from the Chinese )...

Ok, so they will rule the world at any time soon(er) or later...and they might even lend money to Europe ( I don´t think that the Euro will break apart...I can´t understand all that rubbish talk about Greece anyway...I mean: who is GReece??...as someone here wrote...like a $2 against $98....so what they are stretching about?

So is it that the Chinese are buying all the Euros to later rule Europe? Or at least have as much influence as possible?
ok...but how would all this explain a rise of the Euro??

My thoughts were rather that at some point all the problems in the US will mount up and therefore the Dollar will get weak...
  • #202,920
  • Feb 25, 2010 3:50pm Feb 25, 2010 3:50pm
Yes they are smart however I would never trust their government.
Us Americans only have ourselves t blame for it.
Believe me you will not like it when they become number 1.
If the world is going to survive and still be a free world something needs to be done with China. It's in their very roots to conquer the world and make things their way or the hwy. Heck it's only been really a few years since they were allowed to wear normal clothes not uniforms.
It's not the people but the government that should worry you.
nuff said..

Dean


Quoting mfoste1
its all about world power struggle....they want to be #1 and i can assure u they will be, no doubt whatsoever in my mind. With one little squeeze they can send treasuries and dollar soaring just so they can buy more commodities to fuel their growth, they cant get enough. Demand is there, they CREATE supply when they want to by selling usd....then DUMP they start buying usd along with CHEAP commodities to fuel their growth....theyre smart, and will ascend to #1 Hope this helps.
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