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  • #275,781
  • Jul 28, 2010 9:49am Jul 28, 2010 9:49am
Quoting gatorinla
things are worse there then media is saying also. workers hours are cut to keep unemployment rate lower. its a little trick, workers hours are cut to keep more workers working. it would add a few points on unemployment rates if not. underemployment rate is high. the guys working are taking home less money.
It's funny you mentioned that, I just found out today about Germany's "short work" policy. I didn't know before today.

Read about it on Bloomberg http://bit.ly/bLwucd
  • #275,782
  • Jul 28, 2010 9:50am Jul 28, 2010 9:50am
Quoting sisse
IMO, It will depend on what context. Today Crude Oil Inventories were awful, meaning the correlation goes to a weaker US economic output and not to the inflationary pressures (when is related to oil price) meaning bearish for the dollar and that's why Euro is attempting to test the highs again.

Sisse
So if US economy is in deep sh!t, then indices heading down-USD heading up-EURUSD heading down?
  • #275,783
  • Jul 28, 2010 9:54am Jul 28, 2010 9:54am
Quoting ubaidahsan
Oil drop = USD drop right??it means we are heading up again now?

Ub
it dont mean much atm. but usually opposite of your statement. it usually means a stronger usd.
those who can, do. those who cant, talk about those who can
  • #275,784
  • Jul 28, 2010 9:56am Jul 28, 2010 9:56am
Quoting moonchild

If oil drops then USD strengthens and EU falls.
Bravo !







Just take your prize !
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R & S , That Is All !...
  • #275,785
  • Jul 28, 2010 9:58am Jul 28, 2010 9:58am
I don't think the US economy is in deep sh!t. Today numbers are just bad reports. If you trade indices the number to watch is the employment numbers tomorrow.

For currencies people usually forgot there are 2 sides in the equation in any pair. Last few weeks, there has been sources for a weaker dollar but most of the moves are related to the positive strength on the numbers in the Pound and the Euro, and in the case of pairs related to commodities, there have been related to that and not to the US economy.

sisse
Quoting Atomanti
So if US economy is in deep sh!t, then indices heading down-USD heading up-EURUSD heading down?
Pending conversations? PM for a chat...I am mainly in OTM now
  • #275,786
  • Jul 28, 2010 9:59am Jul 28, 2010 9:59am
Oil is unchanged since the report came out @ 1030am ET
  • #275,787
  • Jul 28, 2010 10:01am Jul 28, 2010 10:01am
Quoting Jhig
It's funny you mentioned that, I just found out today about Germany's "short work" policy. I didn't know before today.

Read about it on Bloomberg http://bit.ly/bLwucd
we had a trader here from Germany called Mr. Hatch. He didn't seemed as impressed with the positive German economy. But he was just one.. many others from there had the another opinion. he seemed the less biased.
those who can, do. those who cant, talk about those who can
  • #275,788
  • Jul 28, 2010 10:02am Jul 28, 2010 10:02am
Quoting sisse
I don't think the US economy is in deep sh!t. Today numbers are just bad reports. If you trade indices the number to watch is the employment numbers tomorrow.

For currencies people usually forgot there are 2 sides in the equation in any pair. Last few weeks, there has been sources for a weaker dollar but most of the moves are related to the positive strength on the numbers in the Pound and the Euro, and in the case of pairs related to commodities, there have been related to that and not to the US economy.

sisse
I didn't mean that they are in deep sh!t... it was only an assumption, but cheers for the answer!
  • #275,789
  • Jul 28, 2010 10:03am Jul 28, 2010 10:03am
Quoting gatorinla

it dont mean much atm.
but usually opposite of your statement.
it usually means a stronger usd.
Welldone to you too !







You can also take your prize !

Have a nice lunch !

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  • #275,790
  • Jul 28, 2010 10:03am Jul 28, 2010 10:03am
Quoting sisse
........

For currencies people usually forgot there are 2 sides in the equation ........ and in the case of pairs related to commodities, there have been related to that and not to the US economy.
And two sides to commodities. Of course the price of commodities are related to what is happening in the US economy and the Chinese ecoomy and the EU zone. Everything is related nowadays. Just not in 10 seconds.
  • #275,791
  • Jul 28, 2010 10:03am Jul 28, 2010 10:03am
thanks for all of you post and explanations market is choppy today..nothing to buy nothing to sell..better to try tomorrow...or wait 1-2 more hours for any position....Gator is your target same in GOLD 1115?


Ub
  • #275,792
  • Jul 28, 2010 10:04am Jul 28, 2010 10:04am
Quoting FxCba
Weell, as I can see price dropped from 1.304 on London open to 1.2975 (75 pips) more or less, I was sleeping at thaqt time, from Nyc open had climbed 40 pips, good enough for intraday action, isnt it?
With all the respect mate: let's have a look at your chart and you'll see exactly what I was talking about... the BIG NOTHING around 1.30...
  • #275,793
  • Jul 28, 2010 10:06am Jul 28, 2010 10:06am
You gotta a good point there. I agree with you.

sisse


Quoting SunTrader
And two sides to commodities. Of course the price of commodities are related to what is happening in the US economy and the Chinese ecoomy and the EU zone. Everything is related nowadays. Just not in 10 seconds.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #275,794
  • Jul 28, 2010 10:11am Jul 28, 2010 10:11am
Quoting Gld
what's up with copper this week ?
market is undecided. we could go either way. im short euro till we get a strong showing above 3055 +.. today if we get a foothold below 2978.. we may c 2881 +.. r a close fib.. i posted bear targets a few days ago
those who can, do. those who cant, talk about those who can
  • #275,795
  • Jul 28, 2010 10:14am Jul 28, 2010 10:14am
Quoting gatorinla
market is undecided. we could go either way. im short euro till we get a strong showing above 3055 +.. today if we get a foothold below 2978.. we may c 2881 +.. r a close fib.. i posted bear targets a few days ago
this was Gator's magical numbers

target #1 was 2998.4 i was late
#2 2959 sos with slip bounce,
#3 2816
#4 2782
If only,.....
  • #275,796
  • Jul 28, 2010 10:14am Jul 28, 2010 10:14am
Quoting Amie_Senior
Bravo !


Just take your prize !
Can I have one of those or do I need to give a correlation
  • #275,797
  • Jul 28, 2010 10:15am Jul 28, 2010 10:15am
If bull can't take off then waiting break below at 2982 for the down> sky falling effects today .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #275,798
  • Jul 28, 2010 10:17am Jul 28, 2010 10:17am
Quoting mfoste1
this is incorrect.....the smaller the supply in gold, the higher the demand for the aud. Australia is one of the top 5 gold producing countries in the world......You gotta look at a longer tf to spot their correlations.
That's right mfoste1. Since AUD is one of the few highly traded COMcurrency traders in these currencies would do better if they keep an eye on Gold etc. prices.
  • #275,799
  • Jul 28, 2010 10:19am Jul 28, 2010 10:19am
this is healthier: liquid cereals

http://www.bemlinda.com.br/wp-conten...09/09/beer.jpg

(4 positions short, 2 entered at 26 and at be by now. looking gooooooood.)


Quoting Atlast
Can I have one of those or do I need to give a correlation
dreams do come true.
  • #275,800
  • Jul 28, 2010 10:28am Jul 28, 2010 10:28am
Quoting wannaberich
this is healthier: liquid cereals

http://www.bemlinda.com.br/wp-conten...09/09/beer.jpg

(4 positions short, 2 entered at 26 and at be by now. looking gooooooood.)
May the force be with you. ;-) I am waiting for some confirmation which side should I take...
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