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  • #418,581
  • Apr 6, 2011 4:14pm Apr 6, 2011 4:14pm
Quoting wm-eu
portugal is getting help from eu in the next days and the market is happy about this news...surely, now almost portugal is getting "stable"...but we shouldn't forget that, withouth the help form other memebers of the european union, portugal is the 3rd state that has failed (after greece and ireland). and with the credits from efsf they are only buying time for stabilizing the debts (even if greece is surely preparing a debt restructuring and so the creditors have to pay - mainly the other members with tax-money). but who cares - the markets are...
And I would say Germany is ecstatic...dancing in the streets...party is ON tonight at Brandenburg Gate!
  • #418,582
  • Apr 6, 2011 4:30pm Apr 6, 2011 4:30pm
Quoting kenfen69
And I would say Germany is ecstatic...dancing in the streets...party is ON tonight at Brandenburg Gate!
yep, they are all happy that finally they can spent even more tax-money
Pecunia non olet
  • #418,583
  • Apr 6, 2011 4:35pm Apr 6, 2011 4:35pm
http://www.forexfactory.com/showthread.php?t=287685

the official poll

who is failing after portugal?
Pecunia non olet
  • #418,584
  • Apr 6, 2011 4:39pm Apr 6, 2011 4:39pm
Quoting wm-eu
http://www.forexfactory.com/showthread.php?t=287685

the official poll

who is failing after portugal?
where is the "none" button
  • #418,585
  • Apr 6, 2011 4:46pm Apr 6, 2011 4:46pm
Quoting kenfen69
Then that was a great day!

Gave some away...but took them back. Then got your drunk on! Only thing is...Redbull not so good for sleep! Better get a few more whiskey sodas into you! Fak...your day keeps getting better and better!
LOL, thats why i am still awake.
  • #418,586
  • Apr 6, 2011 4:47pm Apr 6, 2011 4:47pm
Quoting 2046
where is the "none" button
That's because "none" isn't an option. Who's next? Paging Mr. Italy, Mr. Spain, and Mr. France....
  • #418,587
  • Apr 6, 2011 4:50pm Apr 6, 2011 4:50pm
Small short here @ 1.4335 tight stop above 1.4365..
Int rate factored in. Danger side is south if no rate rise.

Happy days
  • #418,588
  • Apr 6, 2011 5:18pm Apr 6, 2011 5:18pm
Quoting kikolas
Greece, Irland, Portugal... down

Bets are open to decide who will be the next.
Just look for the bigger and unscratched circles, with the really big numbers ... And note "small time" events like Dubai, France, Hungary, UK, others ... aren't mentioned here ... !
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  • #418,589
  • Apr 6, 2011 5:19pm Apr 6, 2011 5:19pm
Obama says little short-term help for gas prices

Associated Press- "Gas prices? They're going to still fluctuate until we can start making these broader changes, and that's going to take a couple of years to have serious effect. I'm just going to be honest with you. There's not much we can do next week or two weeks from now.

"If you're complaining about the price of gas and you're only getting 8 miles a gallon, you know," Obama said laughingly. "You might want to think about a trade-in."

I'd say that last bit went over extremely well in Detroit! Should be a big help in re-election.
  • #418,590
  • Apr 6, 2011 5:33pm Apr 6, 2011 5:33pm
I suggest people slowwww down on their forecasting of outcomes, and just wait for price to indicate.

At the moment, I am looking at this, which is very very eerie. Hoping for a interest rate hike as that will finally push it above the very adamant trend line which has been respected 8 times in the past < year. But, I don't really care, I will make pips eitherway of those trend-lines. happy days
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  • #418,591
  • Apr 6, 2011 5:33pm Apr 6, 2011 5:33pm
just thought to share a long term chart with you - what you see is the trimester chart. interesting to mention, we are within the yearly resistance area (2009 close + 2010 high), that is 1.4329/1.4578.

are we about to see a higher high on yearly, above 1.4578? the direction of the long term trend will be changed, and after a test of support we may see a higher high on e-u. however, i doubt this will happen... and i am very curious about what's gonna change the current bullish bias on e-u to a very bearish one...
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Nihil Sine Deo.
  • #418,592
  • Apr 6, 2011 5:36pm Apr 6, 2011 5:36pm
Last bit of joy for the day. If you can handle it...pretty sobering stuff! If you find Zero Hedge to be "perma-bears" and "full of $hit"...don't click the link...because its a doozey!

Feeling Depressed? 27 Depressing Statistics About The U.S. Economy That Will Make You Feel Even Worse

I'm not recommending anyone base their positions off that article. It just holds a lot of potential answers to USD weakness and general negative sentiment.
  • #418,593
  • Apr 6, 2011 5:37pm Apr 6, 2011 5:37pm
Quoting Scrat
just thought to share a long term chart with you - what you see is the trimester chart. interesting to mention, we are within the yearly resistance area (2009 close + 2010 high), that is 1.4329/1.4578.

are we about to see a higher high on yearly, above 1.4578? the direction of the long term trend will be changed, and after a test of support we may see a higher high on e-u. however, i doubt this will happen... and i am very curious about what's gonna change the current bullish bias on e-u to a very bearish one...
Thanks for that study. It had eluded me. Although, I think the 2009 close matters little, but 2010 high a lot.
  • #418,594
  • Apr 6, 2011 5:51pm Apr 6, 2011 5:51pm
Quoting kenfen69
Last bit of joy for the day. If you can handle it....
I'm a glass half full type and prefer to look for the positives. I admit it is hard these days to find them but they're there.

I picked one of the 27 points to make my point:

#12 I assume is right but we are now a services dominated economy. And one peak at how IBM's stock has done since it went from predominately a Manufacturing Company to a Services Company give an idea of the future.
  • #418,595
  • Apr 6, 2011 5:52pm Apr 6, 2011 5:52pm
Quoting Scrat
just thought to share a long term chart with you - what you see is the trimester chart. interesting to mention, we are within the yearly resistance area (2009 close + 2010 high), that is 1.4329/1.4578.

are we about to see a higher high on yearly, above 1.4578? the direction of the long term trend will be changed, and after a test of support we may see a higher high on e-u. however, i doubt this will happen... and i am very curious about what's gonna change the current bullish bias on e-u to a very bearish one...
Defining events change it..
GFC changed euro..
Japan earthquake changed JPY

You take out the GFC and where was Euro 1.60 ?
There is nothing to stop it going back to there ..
Thats big picture stuff though..

Defining events happen and there will be more.. who is next ?
It becomes costly trying to second guess so go with the flow and react when it occurs
  • #418,596
  • Apr 6, 2011 6:03pm Apr 6, 2011 6:03pm
Quoting lasty
You take out the GFC and where was Euro 1.60 ?
There is nothing to stop it going back to there ..
Why, did they suddenly say GFC really didn't happen after all?

Hypotheticals are great for college professors.

Markets do what they want no matter.

Whether or not it continues moving higher after the ECB rate move tomorrow depends almost entirely on Trichet's words and subsequent economic factors here and in the EU.
  • #418,597
  • Apr 6, 2011 6:14pm Apr 6, 2011 6:14pm
Quoting SunTrader
I'm a glass half full type and prefer to look for the positives. I admit it is hard these days to find them but they're there.
I agree, Sun, and prefer to do the same.

I just speak to a LOT of people throughout the day who cannot get their head around the fact that the Euro continues to tick up. Messy old world right now. Will be interesting to see where we're heading next week. Huge day tomorrow.
  • #418,598
  • Apr 6, 2011 6:28pm Apr 6, 2011 6:28pm
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  • #418,599
  • Apr 6, 2011 6:40pm Apr 6, 2011 6:40pm
Quoting SunTrader
Why, did they suddenly say GFC really didn't happen after all?

Hypotheticals are great for college professors.

Markets do what they want no matter.

Whether or not it continues moving higher after the ECB rate move tomorrow depends almost entirely on Trichet's words and subsequent economic factors here and in the EU.
No GFC is yesterdays news.
US dollar was continually falling before GFC until the flight to safety happened.
The ECB rate hike tomorrow is a small blip on the radar.
Look at the macro picture.
  • #418,600
  • Apr 6, 2011 6:49pm Apr 6, 2011 6:49pm
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those who can, do. those who cant, talk about those who can
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