EurAnalysis

Goldman Says U.S. Data May Look Better Than They Are: Economy

nice one PK


does anyone know of multiple TP orders? that would be cool and kickass.

like i have a 0.3 short on gold id like to TP some on bla bla evel, and rest at a lower level.

does some EA or scrip exist for this?

im jsut too lazy to do it on my own - but i could... if i wasnt so lazy.


but if there isnt ill do it manually.. as usual lol

Yup - I was just reviewing that. It is a fact that February numbers will look bad compared to January. Anyways all estimations has been over estimated to look better than they are - You know how it goes: Lie, Fat lie, Statistics.

If you are using MT4 it possible to close partial.

yeah i know that - but id like to have multiple TP orders.. licke close 0.01 at bla bla and the rest at bla bla.

but i might be dreaming on this rigged platform

lol

good night for me im sleepy .. hungry too ill eat supper first

Hello Buma,

Trading Terminal on Latest MT-4 Platform of IBFX allows you all sort of Trading options.

You may like to try it out on their Demo account.

Good luck.

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

http://video.ft.com/v/1409714499001/Euro-resurgence

If you're too lazy to use the forum search function for a trade management EA or close the trades manually then you are definatly too lazy to set up a trade management EA because closing them manually is easier.

Excellent, well spoken and easy to understand

[quote=PipKiller;5318808]I do too.

Thanks

WE HAVE ABOVE 1.3 NOW....BUT THIS TIME NEED TO MAKE SURE WHERE THE PRICE MOVEMENT WANT TO GO....my view on euro

http://www.financialsense.com/contri...anda-and-power

I just have this strange intuition at the moment. The link is a good link. My comments are unrelated... to the link ...


I was out from 7:00 AM EST and just got in. It is too quiet out there and the FED starts it's 2 day meeting on Tuesday. Gold might be the clue. A move over $1700 will be a RED FLAG !!!

EUR/JPY over 100.00 at 100.15 is interesting. There was Euro buying today. The markets were quiet. I hope to be up near 2:00 AM EST and stick around until near 11:30 AM EST and Europe close...

http://quotes.ino.com/chart/index.ht...X&t=&a=&w=&v=i


Candle Stick

http://quotes.ino.com/chart/index.ht...i&t=c&a=2&w=15

Watch EUR/JPY as it tries to stay above 100... If it drops to 99.50 EUR/USD should be at 1.2955

WWW.JSMINESET.COM

In The News Today
January 23, 2012, at 2:32 pm
by Jim Sinclair in the category In The News |

Jim Sinclair’s Commentary
Brinksmanship in an election year is world class scary.
EU bans Iranian oil, Tehran responds with threats | Reuters
By Hossein Jaseb and Justyna Pawlak
Mon Jan 23, 2012 3:00pm EST
(Reuters) – Iran accused Europeans on Monday of waging "psychological warfare" after the EU banned imports of Iranian oil, joining the United States in new sanctions aimed at preventing Tehran from getting nuclear weapons.

The Islamic Republic, which denies trying to build an atom bomb, scoffed at efforts to choke its oil exports, as Asia lines up to buy what Europe scorns. Some Iranians also renewed threats to stop Arab oil from leaving the Gulf and warned they might strike U.S. targets worldwide if Washington used force to break any Iranian blockade of a strategically vital shipping route.

Yet in three decades of confrontation between Tehran and the West, bellicose rhetoric and the undependable armory of sanctions have become so familiar that the benchmark Brent crude oil price edged less than 0.5 percent higher, and some of that was due to unrelated currency factors.

"If any disruption happens regarding the sale of Iranian oil, the Strait of Hormuz will definitely be closed," Mohammad Kossari, deputy head of parliament’s foreign affairs and national security committee, told Fars news agency a day after U.S., French and British warships sailed back into the Gulf.

"If America seeks adventures after the closure of the Strait of Hormuz, Iran will make the world unsafe for Americans in the shortest possible time," Kossari added, referring to an earlier U.S. pledge to use its fleet to keep the passage open.
More…

Jim Sinclair’s Commentary
It started very subtle, but now it is becoming visible. That is good for gold, and eventually not good for the dollar.
In 2012 actions will be taken. They may not be solutions, but there will be consequences.
2012’s true range in gold will be $1700 to $2100.

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

DEBKAfile Exclusive Report January 23, 2012, 5:57 PM (GMT+02:00)

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.
By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.

The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.

Iran’s second largest customer after China, India purchases around $12 billion a year’s worth of Iranian crude, or about 12 percent of its consumption. Delhi is to execute its transactions, according to our sources, through two state-owned banks: the Calcutta-based UCO Bank, whose board of directors is made up of Indian government and Reserve Bank of India representatives; and Halk Bankasi (Peoples Bank), Turkey’s seventh largest bank which is owned by the government.

An Indian delegation visited Tehran last week to discuss payment options in view of the new sanctions. The two sides were reported to have agreed that payment for the oil purchased would be partly in yen and partly in rupees. The switch to gold was kept dark.
More…





Jim Sinclair’s Commentary
2012 is going to be a year of contradictions that can only be understood by seeing the big picture, the long term plans and the waste of time and money that is being used to treat the symptoms.
The dollar is the endangered species this year.

Greece deal will stabilise eurozone: Goldman
A massive debt writedown for Greece will stabilise the eurozone by removing a threat posed by its "weak link," a strategist with investment bank Goldman Sachs said in an interview published on Sunday.
Greece needs a so-called PSI, or private-sector involvement, deal to be ironed out, as well as a second EU bailout, if it is to be able to make a debt repayment of 14.4 billion euros on March 20.

With those two deals in place, a "systemic danger in the eurozone, which comes from the weak link, that is, Greece," will be removed, Francesco Garzarelli was quoted as telling the Greek daily To Vima.
Garzarelli, head of the US bank’s macroeconomic research section, said that by 2014 much of Greece’s debt will be transferred from the private sector to eurozone institutions, while a new balanced budgets treaty will apply to all member states.

He said the sovereign debt of Greece, Italy and Spain, for example, would become a debt for the entire eurozone, dissipating the previous threat, adding: "The eurozone will be stabilised."
More…


In The News Today


January 23, 2012, at 1:02 am
by Jim Sinclair in the category In The News |
Jim Sinclair’s Commentary

The move away from the dollar started subtly. That subtle move is now becoming more visible.
Before 2012 is out the stampede will start.

China tiptoes to petrodollar recycling
The currency swap agreement between China and the United Arab Emirates [UAE] signed during Premier Wen Jiabao’s tour of the Persian Gulf region ending today, will raise eyebrows in the western capitals, especially London and Washington. The list of countries with which China has such deals is slowly and steadily lengthening and this is the first such deal with a Gulf Cooperation Council [GCC] state.

The deal with the UAE is worth $5.5 billion — bilateral trade was $36 billion last year with Chinese exports accounting for two-thirds — and aims at “strengthening bilateral financial cooperation, promoting trade and investments and jointly safeguarding regional financial stability”, according to the Chinese central bank. China is, in essence, providing ’seed money’ so that businessmen wouldn’t need to convert every transaction into dollars, thereby lowering the foreign exchange costs.

The cool reasoning here is practical convenience but its shadows inevitably fall on other domains. Clearly, the Middle East is being ’sensitized’ about the renminbi’s role. To be kept as reserve currency in the UAE vaults enhances renminbi’s prestige. For the UAE, keeping the mighty yuan is one of the safest thing they ever did in the world of high finance, as the appreciation of the Chinese currency in value is a near-certain happening in the future.

Beyond all that, the swap deal calls attention to China’s rapidly-growing economic links with the GCC region. It is a political statement of intent by China to boost ties with the UAE, which has been a ‘pocket borough’ of Britain, historically, in the Middle East. From the dhows, they are calling, ‘Yo, ho, Chinese are coming!’

But they are coming with a strong purpose, too. Abu Dhabi holds 7% of world’s proven oil reserves, oil price is crossing $100 per barrel and UAE will be renewing its oil concessions through fresh tendering in 2014 and this time around, Chinese companies are sure to give Royal Dutch Shell, ExxonMobil and Total a run for their money. Of course, the UAE is a tough market where the western business culture is well-entrenched, but then, never underestimate the Chinese.

Over and above, China is tiptoeing into the dazzling world of petrodollar recycling and it is difficult to conjecture that Beijing is unaware what it could be doing via this swap deal with the UAE — for an ancient country that knows only too well that any long journey must begin with a small step.

The heart of the matter is that the GCC currencies are pegged to the greenback and their massive earnings are largely ploughed into the bank vaults in London or New York or are used to acquire assets such as US equities and Treasury bonds — that is, when they are not spent on arms deals and other extravagant spendings.
More…

I hope to awake near 2:00 AM EST and get in 9 hours of trading. It could be a FUN day however watch out for event risk in the next 48 hours. If you trade get in either at top of resistance or see support. Do not get in the middle...

MARKET TALK: EUR/USD Down Amid Concerns Over Portugal - Dealer

Whoops....Mercozy wont like this.....From seekingalpha.com

Italy And Spain Launch Frontal Assault On German Austerity

78 comments | by: James A. Kostohryz January 23, 2012 | includes: AAPL, DIA, MCD, MSFT, PEP, QQQ, SPY, XOM

 

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Italian and Spanish officials are clearly aware of the fact that their nations will miss fiscal targets and commitments by a very wide margin. The Italians and Spaniards now appear to be convinced that implementation of further austerity measures in their countries would be economically self-defeating and, in any event, politically impossible.
As a result of this epiphany, the Italians and Spaniards - which have heretofore been going along with Germany's insistence on orthodox austerity - have launched the first few salvos in what will become an all out international public relations and diplomatic assault to pressure Germany and the rest of Europe to dramatically change the course of fiscal and monetary policy away from orthodoxy and towards full-fledged Keynesian counter-cyclical stimulus.
The changes in policy that the Italians and Spanish are calling for are radical: A huge increase in the European bailout funds, massive bond-buying QE by the ECB, increased government spending on a massive scale, Eurobonds and a debt union.
The Italians Open Fire
Representing the Italians, Italian Prime Minister Mario Monti recently told German Chancelor Angela Merkel point blank at a public press conference that Italians will not tolerate any more austerity measures. Furthermore, he warned that in his country the Germans were being perceived as intransigent.
A few days later Monti told Der Spiegel that the European Stability Mechanism (ESM), a bailout fund as currently designed is insufficient and must be doubled to 1 trillion euros. Monti knows what an expansion of a European bailout-facility entails: No less than full approval by the German parliament.
The German response to Monti's suggestion has been to say that the ESM is just fine and dandy as it is, and therefore that Germany will not support expansion of the bail-out facility.
Spain Prepares to Go Nuclear
Representing Spain, Foreign Minister José Manuel García-Margallo y Marfil over the weekend in an interview with El Pais, seconded the Monti proposal for a bigger bail-out facility. However, he went much further and it is worthwhile to examine this interview because both the substance and the tone of what he said were quite remarkable.
First, he said that the European Central Bank (ECB) must do much more, calling for the ECB to follow the Bank of England's lead and engage in a massive QE program of sovereign bond purchases. He pointed out that while the Bank of England has engaged in a QE program equal to 20% of GDP, the ECB's bond purchases have been 2% of GDP or only one tenth of the British effort.
Second, Garcia-Margallo called for a massive Europe-wide fiscal stimulus program to be coordinated by the European Investment Bank, saying that it should be on the scale of the Marshall Plan. Furthermore, he called on the European Commission to spend $120 billion euros to stimulate youth employment. Youth unemployment is 49% in Spain and well over 25% in most European nations except Germany.
Third, Garcia-Margallo rather bluntly and spectacularly called for a debt union and the issuance of Eurobonds, saying such measures were a necessity.
Also interesting were some of the rather sharp criticisms that Garcia-Margallo directed towards Franco-German handling of the debt crisis.
First, he expressed profound displeasure of the handling of the Greek situation saying that "if the problem of Greece would have been dealt with in time, the cost would have been much lower. Every day that passes the disease spreads and the treatment that will be needed will be much more traumatic."
Second, he essentially accused the French and Germans of hypocrisy. He said that said that the real cause of the crisis was that "the mechanisms that were put in place so that this would work were blown off, starting with the Stability Pact, which were violated by Germany and France. And the three red lines to never be crossed -- no bailout, no default and no exit -- have ceased to be so."
Third, he scolded the Germans and French for their habit of offering much rhetoric regarding the salvation of the Euro, but few concrete and practical solutions. "We have to send a clear signal that those solemn declarations that we make that we are going to save the euro are not just empty rhetoric… and that signal is debt mutualization…."
Finally, Garcia-Margallo said that the sort of half-measures proposed until now will not due and that "the only way out of the crisis of the euro is a to take a quantum leap towards a Federal Europe… Or Europe makes a leap towards a federal Europe or there is no way out of this. When you have formed a common currency you have to assume the consequences of that and translate its requirements into a coherent political architecture."
Garcia-Margallo's startling proposals, delivered in a trenchant tone, were breathtaking in their utter defiance of German orthodoxy. Indeed, it would scarcely be difficult to imagine a more clear rebuke and gauntlet being thrown down by a Spanish Foreign Minister.
Conclusion
Italy and Spain's economies will collapse and be forced to default if they are forced to strictly adhere to recent fiscal agreements. The Italians and Spaniards have understood this clearly (they are seeing the data) and in response they have launched the first salvo in a desperate public campaign to get Germany to reverse its policy of fiscal and monetary orthodoxy.
It is now official: Europe is divided in its approach to the sovereign debt crisis. Teutonic austerity is widely perceived to have failed and there are important voices warning that unless there is a dramatic change of course in Europe-wide policy, a continental disaster will be the result.
Fundamental political and diplomatic rifts are emerging in Europe, tension is building and a showdown looms. Financial markets will not be amused.
I reiterate that cash will prove to be the most valuable asset over coming weeks and months. Even widely favored stocks such as Apple (AAPL), Microsoft (MSFT), McDonald's (MCD), Exxon (XOM) and Pepsi (PEP) should be avoided as they will likely fall in value in relation to cash - and the value of cash will rise in relation to these stocks. Major equity indices such as the S&P 500 (SPX), Dow Jones Industrials (DJIA) and Nasdaq (IXIC) and their corresponding ETFs such as (SPY), (DIA) and (QQQ) will probably decline more than 20% from current levels while the value of cash measured in terms of these securities will rise by more than 20%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I'm Back and time to Play some GAME now !
Some Kid need to be teach now

Miss you Aaron

Another bullish day ... !? Critical @ 1.3080 ?! Time for orange juice....

bullish day will be seen if 1.3040 break