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  • #263,241
  • Jun 25, 2010 2:38am Jun 25, 2010 2:38am
Quoting Awesome
Euro and USD are both a mess but my sentiment is bearish. Like I've said before, previous to the last six months or so Euro has been rallying against the dollar under the false assumption that they had things under control. This isn't a problem that will solve itself overnight and with the amount of negative news coming out of Europe every day, upside potential seems limited to me.
Yes you're right. But the markets have focus on Europe only. It will return to the US very, very soon. And their debts situation looks very ugly and they do nothing against it. Something interesting to think about:

http://www.tradercurrencies.com/curr...ystem-failure/

Some snippets:

---------------------------------------------

July 1st marks the tipping point of the Great State Meltdown.

...

For years, 48 states have borrowed too much and spent too much just like the Federal Government. But the key difference is: they cant print their own money to pay the bills.

And to make matters worse BY LAW they must balance their budgets by July 1st.

---------------------------------------------
  • #263,242
  • Jun 25, 2010 2:39am Jun 25, 2010 2:39am
Quoting Bootleger
I see, I'm just asking opinions... I know that we would be all rich if it was so easy to trade on currencies

Is anybody out there thinking that the USD is going out to trash in a near distant future ?

If the USD went out the Trash, then EURO will be dead along side with it. The survival of EURO is dependent on the strength of USD and other major currencies. EURO is in Deep trouble and will continue to do so till 2011.

Given that said, Zoom out to weekly and monthly of EUR/USD to see the real trend. The levels we are at are no where near to fearing about reversal to bullishness. The correction from the past two weeks is very normal. Bear should be in very soon, have patience everyone.
  • #263,243
  • Jun 25, 2010 2:39am Jun 25, 2010 2:39am
Quoting guzda
This was a fake breakout, it should go up now...99%
can be but any logic behind the 99% ?like to know & learn
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #263,244
  • Jun 25, 2010 2:41am Jun 25, 2010 2:41am
Not to mention that the money in my wallet is the currency the world looks to, not the euro.

And not sure if this is good or bad, but we don't have people striking in the strikes like in France and Italy. Well, not yet hahaha

To me, it's not a case of one being great and the other not so much as it is who isn't sucking the most at any given time.
Only expectation matters . . .
  • #263,245
  • Jun 25, 2010 2:42am Jun 25, 2010 2:42am
Quoting Xaron
Yes you're right. But the markets have focus on Europe only. It will return to the US very, very soon. And their debts situation looks very ugly and they do nothing against it. Something interesting to think about:

http://www.tradercurrencies.com/curr...ystem-failure/

Some snippets:

---------------------------------------------

July 1st marks the tipping point of the Great State Meltdown.

...

For years, 48 states have borrowed too much and spent too much just like the Federal...

Sounds like you are comparing State or smaller regional debt problems to the Sovereign problems of the EZ. There will be time differences between the bad and worse and worst news, and only then we can profit from volatility. Given that said, EZ's problem is on a much much more larger scale than both politically and economically speaking to the USA's state, county, city level problems.
  • #263,246
  • Jun 25, 2010 2:42am Jun 25, 2010 2:42am
Quoting Xaron
Yes you're right. But the markets have focus on Europe only. It will return to the US very, very soon. And their debts situation looks very ugly and they do nothing against it. Something interesting to think about:

http://www.tradercurrencies.com/curr...ystem-failure/

Some snippets:

---------------------------------------------

July 1st marks the tipping point of the Great State Meltdown.

...

For years, 48 states have borrowed too much and spent too much just like the Federal Government....
cali used vouchers in the past. it was used as currency in the past couple of years at banks. but point well taken
those who can, do. those who cant, talk about those who can
  • #263,247
  • Jun 25, 2010 2:44am Jun 25, 2010 2:44am
Quoting fontu
can be but any logic behind the 99% ?like to know & learn
fontu
This is based on the most simple technical analysis. Short MA crossed long MA on M15, H1, H4, and the price is over short MA in daily chart.

But as things are going now I think that 1% are winning with fundamentals...and strong resistance between 1.2330-40
  • #263,248
  • Jun 25, 2010 2:46am Jun 25, 2010 2:46am
Almost time for the Asians to go eat and leave the market. Let's get ready.

geeez Bloomberg is talking about Michael Jackson. Yawn . . .
Only expectation matters . . .
  • #263,249
  • Jun 25, 2010 2:47am Jun 25, 2010 2:47am
Quoting Xaron
It is going to 1.2650 till the end of June and likely to drop to 1.20 in July where it will bounce and go up to 1.35 till the end of this year.

my personal opinion is that we already in a sell zone, on the very short term till 1.2588 is good opportunity to sell,

see diagram:

http://www.forexfactory.com/attachme...1&d=1277452003
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.JPG Size: 90 KB
  • #263,250
  • Jun 25, 2010 2:47am Jun 25, 2010 2:47am
Quoting RebelRed
Almost time for the Asians to go eat and leave the market. Let's get ready.

geeez Bloomberg is talking about Michael Jackson. Yawn . . .

I'm kinda enjoying the new flash based online video news of the bloomberg, any thoughts? more HD quality at least.....
  • #263,251
  • Jun 25, 2010 2:49am Jun 25, 2010 2:49am
USD is at record low interest rate. once that interest rate starts to get raised, that will not a chunk out of the debt making a lot of that monopoly money in circulation worth something.
All that is left in FF is just plain garbage. "Cloggie"
  • #263,252
  • Jun 25, 2010 2:49am Jun 25, 2010 2:49am
It is my first time to see such happening at countries level.

(GR) Greece may have put up some of its islands for sale to save the economy - Guardian
- An area on Mykonos that is 1/3rd owned by Greek govt said to be available
- Prices start less than €2M for a smaller island

**Reminder from June 2nd: (GR) Greece Fin Min Papaconstantinou: Greece aims to raise over €1B per year from sale of assets; To speed up pace of privatization sales but will not sell State assets at current low prices
Depict history, predict future, and the area in between ...
  • #263,253
  • Jun 25, 2010 2:49am Jun 25, 2010 2:49am
Quoting 4xmaker
I'm kinda enjoying the new flash based online video news of the bloomberg, any thoughts? more HD quality at least.....
I watch the site stream all day long pretty much. I love it. I just wish I could play it on my iPad.
Only expectation matters . . .
  • #263,254
  • Jun 25, 2010 2:50am Jun 25, 2010 2:50am
Quoting tonyo524
USD is at record low interest rate. once that interest rate starts to get raised, that will not a chunk out of the debt making a lot of that monopoly money in circulation worth something.
2012 (or late 2011) it looks like. Well, according to analysts and stuff.
Only expectation matters . . .
  • #263,255
  • Jun 25, 2010 2:51am Jun 25, 2010 2:51am
Quoting Al-Agha
It is my first time to see such happening at countries level.

(GR) Greece may have put up some of its islands for sale to save the economy - Guardian
- An area on Mykonos that is 1/3rd owned by Greek govt said to be available
- Prices start less than €2M for a smaller island

**Reminder from June 2nd: (GR) Greece Fin Min Papaconstantinou: Greece aims to raise over €1B per year from sale of assets; To speed up pace of privatization sales but will not sell State assets at current low prices

USA will do that on state and county level as well, if the USA continues to struggle with the depression
  • #263,256
  • Jun 25, 2010 2:53am Jun 25, 2010 2:53am
Quoting RebelRed
Almost time for the Asians to go eat and leave the market. Let's get ready.

geeez Bloomberg is talking about Michael Jackson. Yawn . . .
you guys trade round the clock? it should be the wee hours in the morning there in the US, right?
  • #263,257
  • Jun 25, 2010 2:54am Jun 25, 2010 2:54am
Quoting gatorinla
cali used vouchers in the past. it was used as currency in the past couple of years at banks. but point well taken
It's an older article, but validates your statement. For those of you unfamiliar with this here's an article:
http://abclocal.go.com/kabc/story?se...ate&id=6587084
  • #263,258
  • Jun 25, 2010 2:55am Jun 25, 2010 2:55am
Quoting tonyo524
for the length oh the wick on the 15 minute chart.
Did anyone else take this?
All that is left in FF is just plain garbage. "Cloggie"
  • #263,259
  • Jun 25, 2010 2:55am Jun 25, 2010 2:55am
Won't rates going up add to the debt spiral? How will it "not a chunk out of it"?

Quoting tonyo524
USD is at record low interest rate. once that interest rate starts to get raised, that will not a chunk out of the debt making a lot of that monopoly money in circulation worth something.
  • #263,260
  • Jun 25, 2010 2:55am Jun 25, 2010 2:55am
But at the level of the monthly chart, I feel that the Euro does't have enough history to be readable??

Quoting 4xmaker
If the USD went out the Trash,
Given that said, Zoom out to weekly and monthly of EUR/USD to see the real trend. The levels we are at are no where near to fearing about reversal to bullishness. The correction from the past two weeks is very normal. Bear should be in very soon, have patience everyone.
Ah Luv the smell of a good prediction in the mornin!
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