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  • #238,901
  • May 9, 2010 10:52am May 9, 2010 10:52am
Quoting lloydblankfe
You don't understand SKYZER that strong dollar is good for America
Listen, I personally like to have 1:1 EU, have no problem with that..

About part that I don't understand..

1) When value of the Dollar goes up, US DEBT also rising in ultimate value

for the same % amount

And Feds need exact appositive to curb growth of the Deficit..

Strong Dollar will export more manufacturing jobs overseas, since

cost of labor will be cheaper elsewhere. ( Employment)

So when you next time talking about a )Strong Dollar b)Interest

rates hike, think about Size of the DEBT cause in both cases that size

will rise with either option (a) or (b) or both.

EUR drop against Dollar 15%, means US corporates, who have branches

in Europe will lose that in profits (handle their profits to Europeans)

Nobody will see LOW inflation regardless of the Currency Valuation..

Too much DEBT world wide..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,902
  • Edited 11:09am May 9, 2010 10:54am | Edited 11:09am
Quoting egkid
My view
Strong moves In both UP & Down , Step Aside.
Good advice , a good ranges of movements of any complex perhaps, not purely random though, from 1.2329 to 1.3117 at extremes and most time expends can be 1.2453 to 1.2973, risky for sure.
anyway if they range bound good for we scalpers taking care of money management , expecting a weeklong sideways .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #238,903
  • May 9, 2010 10:59am May 9, 2010 10:59am
Quoting SkyzerFX
About part that I don't understand..

1) When value of the Dollar goes up, US DEBT also rising in ultimate value

for the same % amount - Strong USD currency/economy makes other countries want to invest in the US

And Feds need exact appositive to curb growth of the Deficit.. Deficit is a paper number. Jobs, economic strenght can deflate even the biggest deficit in no time.

Strong Dollar will export more manufacturing jobs overseas New policies/agreements to keep jobs at home is Obama's number one goal, since

cost...
This is part of an email I just sent to my fellow forex forumte. Yes, I'm a conspiracy theorist:

My gut feeling is that the US already has in place currency agreements with those countries it considers its “partners”. Countries like UK, Germany, Canada, Japan, China (yes, China), must have inside information as to what is going on. The other world countries will just have to fend for themselves. I still anticipate the Euro to go down, only because it makes sense economically. They need to divest themselves of some very weak European economies, and then build up the currency. I think the cheap Euro will help those countries in the know (again….US, Germany, etc.) buy up cheap countries. One world government/economy is the long term goal.
Si vis pacem, para bellum.
  • #238,904
  • May 9, 2010 11:34am May 9, 2010 11:34am
Quoting ratman
Off the topic, BUT completely agree. WTF is with those huge ego people ?

Grow up
Exactly !
  • #238,905
  • May 9, 2010 11:40am May 9, 2010 11:40am
Quoting Predi
HIGH INTERVENTION ALLERT !!!

“The leaders have decided to put in place a European intervention mechanism to preserve the stability of the euro zone. The decisions taken will have immediate application, from the point that financial markets open on Monday morning.”

“Two mechanisms have been agreed — one based on article 122.2 of the Treaty saying the council can help a member state with serious difficulties,” one of the sources said.
“The other will enable the European Commission to go on the markets and get money with an explicit guarantee of...
Thanks for the post.. This is interesting... It may work.. for a bit.. where did this come from?
  • #238,906
  • May 9, 2010 11:43am May 9, 2010 11:43am
Quoting Kramerica
Thanks for the post.. This is interesting... It may work.. for a bit.. where did this come from?
Reuters and bloomberg
  • #238,907
  • May 9, 2010 11:48am May 9, 2010 11:48am
All the threats, the conference was supposed to be about 1 hr ago, and it moves the eu just 4 pips. LOL
Reminds me of when Lehman CEO said, "we are going to kill the shorts"
LOL....This is a comedy move by the the EZ
  • #238,908
  • May 9, 2010 12:10pm May 9, 2010 12:10pm
Quoting wwwin
All the threats, the conference was supposed to be about 1 hr ago, and it moves the eu just 4 pips. LOL
Reminds me of when Lehman CEO said, "we are going to kill the shorts"
LOL....This is a comedy move by the the EZ
Let the markets open first!
  • #238,909
  • May 9, 2010 12:15pm May 9, 2010 12:15pm
Quoting PipLand
Let the markets open first!
well how long is 70 billion going to last? they are better off paying debt with that than buying euros, they will lose money doing that...better off to pay debts....but we shall see.
  • #238,910
  • May 9, 2010 12:15pm May 9, 2010 12:15pm
Quoting Predi
HIGH INTERVENTION ALLERT !!!

“The leaders have decided to put in place a European intervention mechanism to preserve the stability of the euro zone. The decisions taken will have immediate application, from the point that financial markets open on Monday morning.”

“Two mechanisms have been agreed — one based on article 122.2 of the Treaty saying the council can help a member state with serious difficulties,” one of the sources said.
“The other will enable the European Commission to go on the markets and get money...
Clownshoes. They might as well have rung the dinner bell for big bears. The difference is the "speculators", probably many who crashed the Pound, have seen this all before. They'll let them pump it up only to short it into oblivion. The more the EU reps talk, the weaker they look...but it's political...they need a scapegoat when this crashes - evil speculators - they did this....john q. public, the speculators are responsible for your miserable lot in life.
  • #238,911
  • May 9, 2010 12:19pm May 9, 2010 12:19pm
Quoting PriceVolume
Clownshoes. They might as well have rung the dinner bell for big bears. The difference is the "speculators", probably many who crashed the Pound, have seen this all before. They'll let them pump it up only to short it into oblivion. The more the EU reps talk, the weaker they look...but it's political...they need a scapegoat when this crashes - evil speculators - they did this....john q. public, the speculators are responsible for your miserable lot in life.
You got politicians trading against speculators, I wonder who is going to win.
  • #238,912
  • May 9, 2010 12:20pm May 9, 2010 12:20pm
Keen observation. Gee, I wonder....

Quoting wwwin
You got politicians trading against speculators, I wonder who is going to win.
  • #238,913
  • May 9, 2010 12:24pm May 9, 2010 12:24pm
It's obvious this will not help euro and it will dive anyway... but I'm going to stay flat and wait for opportunity to short
  • #238,914
  • May 9, 2010 12:26pm May 9, 2010 12:26pm
Well, if they going to intervene before markets open so in interbank trading that will leave a gap. And we know what happens with gaps in FX. So that would be the biggest mistake from the "wise" EU. I'd rather wait till US open or so.
  • #238,915
  • May 9, 2010 12:27pm May 9, 2010 12:27pm
Quoting Predi
It's obvious this will not help euro and it will dive anyway... but I'm going to stay flat and wait for opportunity to short
Indeed. Let them pump it up, and then look for a good short entry at resistance....
  • #238,916
  • May 9, 2010 12:29pm May 9, 2010 12:29pm
Quoting Predi
HIGH INTERVENTION ALLERT !!!

“The leaders have decided to put in place a European intervention mechanism to preserve the stability of the euro zone. The decisions taken will have immediate application, from the point that financial markets open on Monday morning.”

“Two mechanisms have been agreed — one based on article 122.2 of the Treaty saying the council can help a member state with serious difficulties,” one of the sources said.
“The other will enable the European Commission to go on the markets and get money...
Perhaps they already started intervention last days of the last week as the tick volumes were relatively big & nothing special or of great comparative to many as such but can assume they already came into action . the result was not so promising but through process of accumulation , distribution & moved price 278 pips up & net gain still over 200 pips , not bad when comes concern of stopping a very big train with huge momentum plus inertia of motion & pushed actually back. A little but pushable at least & later sustain push with little extra force may move much more.
Lets see what waiting for us .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #238,917
  • May 9, 2010 12:34pm May 9, 2010 12:34pm
"IMF approves 30 billion euro rescue loan for Greece"

That doesn't sound like much, does it?
Si vis pacem, para bellum.
  • #238,918
  • May 9, 2010 12:38pm May 9, 2010 12:38pm
Quoting fontu
Perhaps they already started intervention last days of the last week as the tick volumes were relatively big & nothing special or of great comparative to many as such but can assume they already came into action . the result was not so promising but through process of accumulation , distribution & moved price 278 pips up & net gain still over 200 pips , not bad when comes concern of stopping a very big train with huge momentum plus inertia of motion & pushed actually back. A little but pushable at least & later sustain push with little extra force...
Well if Soros and co went short around 1.34 handle they're still in profit.
I am also wondering if this is just scaring or real intervention they want to do. And if real than how many billions are they going to load up with?
2 billion is good for about 70 pips. This is because a german bank recently dropped 2 billion on the markets and EU went 70 pips down. So they'll have to come with something massive or stay away and let the market do it's thing and head for the 1.17 and from there a rebounce.
  • #238,919
  • May 9, 2010 1:13pm May 9, 2010 1:13pm
Quoting hutrader
Well if Soros and co went short around 1.34 handle they're still in profit.
I am also wondering if this is just scaring or real intervention they want to do. And if real than how many billions are they going to load up with?
2 billion is good for about 70 pips. This is because a german bank recently dropped 2 billion on the markets and EU went 70 pips down. So they'll have to come with something massive or stay away and let the market do it's thing and head for the 1.17 and from there a rebounce.
They must be close to sorting something out now rate is starting to move!
  • #238,920
  • May 9, 2010 1:15pm May 9, 2010 1:15pm
Quoting hutrader
Well if Soros and co went short around 1.34 handle they're still in profit.
I am also wondering if this is just scaring or real intervention they want to do. And if real than how many billions are they going to load up with?
2 billion is good for about 70 pips. This is because a german bank recently dropped 2 billion on the markets and EU went 70 pips down. So they'll have to come with something massive or stay away and let the market do it's thing and head for the 1.17 and from there a rebounce.
It depends on volume... if they do it when there's no volume, they will need few milion to shake markets

I don't know the statistics of last Swiss central bank and Bank of Japan interventions, but don't think they are in billions
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