EURUSD

You ALWAYS say that, even in a downtrend lol.

got your point.

so where is it going?

I'm realistic so you folks can be prepared

Falling down the cliff

Interesting. News may help. Nice spike would be just fine there.

blah blah blahhhh.......based on?

I can access the site fxpro.com today. Hope everything is OK with you?

There's no way that the US can pay their debt back ( 13.5 + Fannie Mae & Freddie Mac, unfunded liabilities (Medicare,Medicaid) = more than 75 trillions !

Debt is only getting bigger year after year... once China depegged their currency, the US Dollar is going to get hurt. See, Japan just intervene in the USD/JPY market... why ? US Dollar was really falling down like a stone.

Also, you can't inflate your way out, money creation and buying of treasuries by the FED don't help the situation...

I don't mind sentiment either way when reasonings are discussed, but your posts are so useless. Why waste my time? Iggy list for you as I try to find some sort of value in anything you say.

hmmm what happens when u.s. and china/asia stop buying beamers?

Thanks, I appreciate

China is not lacking of buyers for cars... and also compare to the US, citizens are paying CASH their cars... they do not pay them into a 5 year agreement ! Chinese people got money, they want a stronger Renminbi to get a better purchasing power. Then their savings going to get a better value.

They have stopped Gator, they're all getting Audi's

Blah, Blah , Blah talk to the ignore list!!!

Can you realize that your country is broke and printing more and more money, regulations coming up, the future is not bright at all

Ignore the truth

Sterling Support Erodes Away
By NICHOLAS HASTINGS
A DOW JONES NEWSWIRES COLUMN


LONDON -- It's all going wrong for the pound.
Bank lending is miserably low, house prices have turned down, public finances are proving even worse than expected and chances are that the Bank of England will now have to resort to more quantitative easing.
Hopes that the U.K. would be the first of the major economies to see off the recession and start raising interest rates early next year are quickly becoming a distant dream.



And all this has happened even before the coalition government announces details of its harsh public-sector cutting program next month.
Fears that the U.K. now faces deflation, rather than inflation, took off this week when the latest M4 money supply data showed growth of only 1.8% in the year to August. This compared with a year-on-year growth average of about 8% before the financial crisis.
In other words, banks aren't lending.
And it is not just homeowners feeling the pinch. The latest monthly figures from the Bank of England show that mortgages approved to buy homes fell to 45,000 from 47,000. Other figures show that lending to business has been on a decline since February.
This is already being reflected in a steady decline in house prices over the summer months, indicating that the housing market--which was seen as helping the U.K. economy to recover--has essentially been exhausted.
If anything, the only support for house prices now is coming from rich foreign buyers eager to take a stake in case there is eventually another house-market boom.



Evidence that the public finances are deteriorating more than anticipated came Tuesday with the latest borrowing requirement for August. Net borrowing rose to GBP15.3 billion, much more than the GBP13.0 billion that had been expected as revenues failed to live up to expectations.
This will increase pressure on Chancellor George Osborne to be even more determined in slashing the public spending bill by as much as 25%. This will be vital for preserving the country's triple-A credit rating, which was confirmed by Moody's earlier this week.
The Bank of England, meanwhile, is less likely to pay any attention to the fact that August's consumer prices index remained stuck up at 3.1%, well above the central bank's own 2% target. Minutes of the bank's last meeting that will be released later Wednesday are expected to show members becoming more dovish as the threat of deflation starts to loom.
The downgrade in sterling's prospects will certainly be evident in its performance against the dollar as well as most other major currencies. But it could also show up in the pound's performance against the euro.
See how the euro has risen against the pound:
http://www.dowjoneswebservices.com/chart/view/4614
At least part of any euro-related decline could, unusually, be due to China.
This week, Beijing's signalled its confidence in the country's ability to stage a soft landing by allowing the yuan be fixed at a new post-revaluation high. The bottom line being that Chinese domestic demand growth is now outstripping export growth.



This is good news for core euro-zone economies who probably have greater trade relations with China and so will benefit more than the U.K. from the strength of the Chinese economy.





Early Wednesday, the pound was able to stage a small rally, rising to $1.5695 from $1.5627 late on Tuesday in New York, according to EBS, as the dollar continued to sink in reaction to the latest monetary policy announcement from the Federal Open Market Committee.
The U.S. currency is lower nearly across the board after the Fed's rate-setting committee indicated rising concern about deflation and suggested that more quantitative easing remains possible.
The euro rose, though, to GBP0.8493 from GBP0.8477 as well as to $1.3329 from $1.3247.



The single currency was also up at Y113.14 from Y112.75 while the dollar slipped to Y84.89 from Y85.12 despite the continued threat of Bank of Japan intervention to drive the yen lower.

How much for the girl?

Daily C should stop at 1.3740, which will also be weekly retracement ends.

If Euro has to head back down 1.1 area then this is where it should stall.