|
Joined Aug 2007
|
Status: No Guts No Glory
|340 Posts
If your broker is open over the weekend(for ex. Oanda).. is there a safe trade to get into due to this ? Long AUDUSD 100 lots maybe ? What is the best trade to take at this time given this huge news, while the rest of the forex world sleeps ?
If your broker is open over the weekend(for ex. Oanda).. is there a safe trade to get into due to this ? Long AUDUSD 100 lots maybe ? What is the best trade to take at this time given this huge news, while the rest of the forex world sleeps ?
Ignored
My broker is closed till Monday so in my case, I've already been positioned in over the last few months.
If this news is able to be exploited then its already been done. Us retail guys are the last to hear the news.
My broker is closed till Monday so in my case, I've already been positioned in over the last few months.
If this news is able to be exploited then its already been done. Us retail guys are the last to hear the news.
Ignored
so you think this news/previous rumor is already priced in ? the USD has been gaining quite a bit this last week, so i dont know why that would have happened if they knew this was a surety. if the USD would have tanked throughout this week , i would have understood. however, from reading the news it seems to have come through as a surprise, so i am guessing USD will tank when trading opens next week. just my 2c
so you think this news/previous rumor is already priced in ? the USD has been gaining quite a bit this last week, so i dont know why that would have happened if they knew this was a surety. if the USD would have tanked throughout this week , i would have understood. however, from reading the news it seems to have come through as a surprise, so i am guessing USD will tank when trading opens next week. just my 2c
Ignored
I'm saying if the markets were open then it'd be acted upon immediately. With the weekend now, there will be a large gap open Monday morning in Asian session. From then, IDK.
There's also been confirmed intervention from the SNB & BoJ this week which helped stablize the dollar among other things. US Market itself took a huge hit last week.
I don't get it...the link talks about the equity markets dropping and another recession. Wouldn't that raise the value of the US Dollar, similar to what happened in '08? I thought the equity markets run inverse of the USD.
I don't get it...the link talks about the equity markets dropping and another recession. Wouldn't that raise the value of the US Dollar, similar to what happened in '08? I thought the equity markets run inverse of the USD.
Ignored
People flock to treasuries during crisis, because they are considered the safest of instruments, but now they are not so safe, money will flow out of dollars into other things.
People flock to treasuries during crisis, because they are considered the safest of instruments, but now they are not so safe, money will flow out of dollars into other things.
Ignored
So will this disrupt (temporarily at least) the inverse correlation between the USD and the stock market?
I'm assuming Gold will continue in its meteoric rise...but at a faster clip.
It seems there's a lot of justification out there about how it will not affect the bond markets too much. ie/ Japan's downgrade is used as a precedent, there's talk of hedge funds can just use Fitch and Moody's ratings (only two are needed), and my favorite "what else is there".
Surely however this is a milestone, almost a paradigm shift in an extremely worrisome direction. I'm extremely keen to see how EUR USD and AUD USD pairs react, similarly Gold surely hasn't priced this in.
I read an article which showed that the US is in relative terms even worse off than greece, if you count in every expenditure the US has (and is not shown in the federal budget). At least now the rating agencies IN the US finally downgraded their own country.
I read an article which showed that the US is in relative terms even worse off than greece, if you count in every expenditure the US has (and is not shown in the federal budget). At least now the rating agencies IN the US finally downgraded their own country.
Took a while.
Ignored
US cannot be in a worse state than Greece because they issue their own currency which also happens to be a world reserve currency.
That was my thoughts too... I was shocked when I saw that lot effectively take their own country hostage with their threat to set off an economic nuke if their president insisted on taxing, or closing taxation loop holes designed to help the rich.
I find it amazing that they even have a debt ceiling that is separate from budgeting process at all. It's like a family voting to buy a TV on the family credit card and then voting later if they're actually going to pay the bill when it arrives. Surely if a parliament passes a budget then they are agreeing at that point to pay the future bill for it?
When I saw that spectacle on the news sites I thought if I were China I'd be very careful about putting my money there in the future...
I don't get the Tea Bag Party, it's like the French revolution in reverse with a bunch of people who don't have very much demanding that those who already have loads be given even more, at their expense if need be.
