EurAnalysis

Lmao... My favorite video... Thanks PT, you're the best!

calm before the storm? interesting to see the VIX down so low when it seems like nothing has been really solved fundamentally

Wednesday, June 20th

02:00 EUR German PPI

04:30 GBP Claimant Count Change; MPC Meeting Minutes

04:30 GBP Unemployment Rate

05:00 CHF ZEW Economic Expectations

10:30 USD Crude Oil Inventories

12:30 USD FOMC Statement

12:30 USD Federal Funds Rate

14:00 USD FOMC Economic Projections

14:15 USD FOMC Press Conference

18:45 NZD GDP

22:30 CNY HSBC Flash Manufacturing PMI
Thursday, June 21st

02:00 CHF Trade Balance

03:00 EUR French Flash Manufacturing PMI; French Flash Services PMI

03:15 CHF Industrial Production

03:30 EUR German Flash Manufacturing PMI; German Flash Services PMI

04:00 EUR Current Account; Flash Manufacturing PMI; Flash Services PMI

04:30 GBP Retail Sales

Tentative GBP 10-y Bond Auction

06:00 GBP CBI Industrial Order Expectations

08:30 CAD Core Retail Sales

08:30 CAD Retail Sales

08:30 USD Unemployment Claims

08:58 USD Flash Manufacturing PMI

10:00 USD Existing Home Sales; Philly Fed Manufacturing Index

10:30 USD Natural Gas Storage

11:45 CAD BOC Gov Carney Speaks

12:00 EUR ECB President Draghi Speaks


13:30 GBP MPC Member Weale Speaks

Friday, June
22nd
04:00 EUR German Ifo Business Climate

All Day EUR ECOFIN Meetings

08:30 CAD Core CPI

08:30 CAD CPI

09:00 EUR Belgium NBB Business Climate

Note Kissinger comment; note observation from Greek after commentary.
http://www.iraqwar.mirror-world.ru/article/273030

American voting results will be sent abroad:
http://www.westernjournalism.com/spa...s-in-november/

it's always interesting to read these rouge news sites but I'm not sure how one would factor what they say in to their trading except for conspiracy theory entertainment

http://news.goldseek.com/GoldSeek/1340110920.php

The little rap tune broke the ice, and we soon shared a laugh about the stupidity of not having a stable money supply, as achieved with gold as money, and I was starting to tell him about the bizarre fascination on the planet Maize, which you call Earth, with, instead of a gold money, ridiculous paper currencies! Hahaha!

He laughed, but it was not mirthful. It was cold and heartless, as he, too, knew what this meant.

But he roared, or perhaps guffawed, we don't know which, when I described the insane levels of fractional-reserve banking, where the banks have a few lousy cents in deposits for every few THOUSANDS of dollars that they created, literally out of thin air, so that the banks could lend it out in some gigantic flood of new money, and new credit, and new debt, of which a staggering $6.3 trillion was used to buy government debt so that the hopelessly embarrassing Obama administration could deficit-spend it -- the whole $6.3 trillion! -- in basically Three Lousy Years (TLY)!

Doubling the entire national debt in less than 4 years! Insane and suicidal!

Even the Glorb people, a newly-discovered kind of invertebrate slug on the planet Glorb, which my people call "Maize" and which is even farther out in the barren hinterlands of the galaxy, understand this gold/money concept completely, despite not having any discernable brain, and have a monetary system is a gold standard!

Even though there is no actual gold on the planet!

I mean, how weird is that?

The lesson is that inflation in prices, as a result of such massive increases in the money supply by both the evil Federal Reserve and the other dirtbag central banks around the world because they are not constrained by gold, is going to have a profound effect.

"What kind of effect?" you ask with a quiver in your voice. Well, I am happy to say that we professional economists have a technical, very-precise term for what happened every time in the last 4,500 years that this kind of monetary insanity got out of control.

We call it Everything Goes To Hell (EGTH).

One of the more interesting details of studying the historical evidence of EGTH is that not quite everything goes to, you know, hell.

Gold and silver soar, soar, SOAR in price, and thus the Gigantic Mogambo Revelation (GMR), enlightenment perhaps not unlike that found by a young Buddha under a bodhi tree, which is that gold and silver will, this time, just like all the other times, soar in price.

And thus (follow my logic closely here) those who wisely bought gold and silver (and oil) will be an exclusive club, namely the "new rich," where "rich" is defined as "The sheer tonnage of cool stuff and tasty treats you bought and the additional tonnage of stuff you can still easily afford to buy."

Ah, but the delight of the prosperous few will be more than matched by the desperate, fearful outrage of the many, who are looking for scapegoats.

In that case, let me offer that it was all made possible by the evil Federal Reserve actually creating the fiat money, an evil Supreme Court that treacherously ruled that a fiat money was the same as a gold money despite what the Constitution said, a long series of corrupt, low-IQ Congresses that encouraged disastrous monetary profligacy so as to continually fund outrageous budget deficits, a woefully-ignorant and/or mentally-defective economics profession shot-through with the now-proven idiocies of Keynesian econometric economics, the one that actually links interest rates with spending and prescribes deficit-spending regardless of size, and a brain-dead population of voters that kept electing the same "Who else wants a free lunch?" weenies, time after time, all these years since the '60s.

A pox upon all their houses, of course, but the point is that, as they say, "It is an ill wind that doesn't blow somebody some good."

In this case, it is the wise, intelligent, good-looking, cool people who bought gold, silver and oil stocks who will be blown some good.

And since physical gold and physical silver are still so amazingly cheap and so easy to buy, and the result being so obviously guaranteed by 4,500 years of history, what can one say except, gleefully, "Whee! This investing stuff is easy!"?

can't we just get along?

http://3.bp.blogspot.com/_hfKMzjDtCe...ar%5B11%5D.jpg

Hi Dan, tell me that EW can use in anyplace

I dont care what the FED is going to do. I only now that the setup is perfect to strong dollar.

Geez, my mini-lots could probably move this market

Just tried, no success sorry guys I'll be back with a bigger account!

Here is what we have from technical point of view
Long will be targeting 1.2823 as long as support at 1.2662 and 1.2627 holds.
A break of 1.2593 will be very bearish and will imply that correction is over.
Above 1.2745 i will prefer being on short rather then long as C wave will be completed as soon as we will make a new high(However Target for this new high will be 1.2823)

I'm a firm believer that EW principles can be applied to non-trading markets. I believe it does a good job in predicting human psychology and its reactions to new events

sorry i didn't mean to sound like that ..everyone.more like (alot of traders ).,it was just a question.. ofcourse .
..u r P.T... a verry good trader wich help us see more clear.. we all learn from u ..i do for exemple.. .. ..

Good morning all.

The newswires had been buzzing with rumors and speculation most of the day yesterday and through the Asian session. There are many powerful entities out there trying to get their soundbites into the mainstream for whatever reason benefits their own pockets. How does on discriminate between the facts and the fiction. Well, only time cam do that, but here's what we have so far.

Spain:

- Up to €100 Billion loan offered to Spain to bail out banks. Nobody knows where the money will come from. €100 Billion is much more than is needed.

- Spain releases a statement that according to preliminary audit results, the banks could need as much as €150 Billion. So much for €100 Billion being enough.

- Spain says that they have to wait until a bank audit report is completed. A summary report is due this week. The complete report is due by the end of July but now they are saying September. Which is it and why the delay? Waiting for ESM to be ratified perhaps?

- A UK news article yesterday (The Guardian) said that Merkel was ready to allow the EFSF/ESM to buy debt of struggling EZ countries like Spain and Italy. This was later denied by Merkel and then further denied by Monti.

Greece:

- Whether by legitimate vote count or by voting fraud, the fact is that ND got the lead followed by Syriza and then PASOK in third place. ND and PASOK agreed to form a coalition government but PASOK wanted Syriza included in that. Syriza refused.

- We have a coalition (or do we?). All we heard Monday was that they have a coalition government formed but more negotiation on who would lead was needed. (Okay fair enough)

- Troika says that no further aid would be provided to Greece until they can do another evaluation. No further evaluation until Greece has a government. Greece is supposedly set to run out of money by end of June. Then we hear that Greece will run out of money by the end of July. Which is it?

- On Tuesday we hear "We have a coalition government made up of ND, PASOK and DL which will be led by Samaras as PM". Then we hear "We are still negotiating but will be done before end of day". That was yesterday and today there is still no government. What's going on behind those closed doors?

My View:

One thing I know for sure. A lot of hope (including the prospect of further easing by the Fed) has been priced in to the markets this week. So much so that if there is the slightest disappointment, the rally will come to an abrupt end and turn tail.

As for what I think, I do not see the Fed easing any more. Perhaps we may get an extension of operation twist, but the Fed is not likely to expand their balance sheet. As for Europe, no matter what the talking heads say, there is no provision in the treaty to allow an individual country's debts to be paid by others. Therefore no debt sharing is allowed. The EFSF and ESM cannot buy bonds of struggling nations without a treaty change and full ratification... something Merkel will most likely vehemently oppose as it would cost Germany much higher borrowing costs.

So my view from here is a hopium run up rally in the E/U mostly caused by a short squeeze rather than an appetite for risk which may play out in equities. Once the reality of a disappointment slaps the market in the face, and it will, the rally (correction) will be over and we start a fresh leg down.

Technically, from a short term perspective, it is useless trying to figure out which way this puppy is going to gyrate. This is now a headline (greed/fear) driven market and will behave accordingly. Be careful out there.

Just for fun, here's my favorite monthly chart

I'm glad you find value in this thread and I'm also glad to hear that you learn from my posts.

I didn't take any offence to your question at all. Perhaps I should have added a smiley at the end

Anyway, yeah, I've already set my targets. I'm not always right but my decisions are based on my own analysis which is as sound as I am capable of making it for myself. So, if 1.2950 is breached and we head for 1.3080, then I will deal with it when we get there. Heck I may change my targets after the FOMC statement today. However, right now at this moment, I do not see past 1.2810/20 area.

Waiting today's news from FED any idea for the couple EUR/USD ?

a) those who dont believe my trades b) potential for new clients, yes without directly advertising as that's not allowed

i will stop posting them though if it is a ban able offense... i do not want to be banned lol

i love the trading related pics people post here

It is not a ban-able offence but it is one of the guidelines on page 1.

... in the end, it's all about who gets screwed in the "end"

http://2.bp.blogspot.com/-i6XdinrtCF...ing%2BBear.jpg