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  • #676,821
  • Aug 7, 2012 2:11pm Aug 7, 2012 2:11pm
Quoting RWalker
My answer would have to be: you've got to think about it for a minute.
Hard to think, now its 3.10am where i live.
I have no open positions so i'm not trying to ease my mind defending my own bets.

I just dont see why it could go up.
  • #676,822
  • Aug 7, 2012 2:12pm Aug 7, 2012 2:12pm
Quoting RWalker
Ok, I will say just this: governments all over the world are desperate for more cash to squander ...anywhere they can find it. ...last word.
still dont see your point, sorry.
  • #676,823
  • Aug 7, 2012 2:15pm Aug 7, 2012 2:15pm
OMG! Bernanke just said EURUSD should reach 1.25 today!



















Oh, no I must have misunderstood... he's talking about pencils, making jokes about the federal reserve and ranting about student loans...
  • #676,824
  • Aug 7, 2012 2:16pm Aug 7, 2012 2:16pm
Quoting divak
Hard to think, now its 3.10am where i live.
I have no open positions so i'm not trying to ease my mind defending my own bets.

I just dont see why it could go up.
cause of the bullish sentiment for the euro
it'll reach at least 1.26xx
be patient don't expect quick drop to 5 cents for a dollar
  • #676,825
  • Aug 7, 2012 2:16pm Aug 7, 2012 2:16pm
Quoting divak
still dont see your point, sorry.
Central banks buy government bonds, lots and lots of them
Be hopeful in a winning position, and fearful in a losing position.
  • #676,826
  • Aug 7, 2012 2:17pm Aug 7, 2012 2:17pm
Quoting Rag2RichesFX
Central banks buy government bonds, lots and lots of them
yes.
So?
  • #676,827
  • Aug 7, 2012 2:19pm Aug 7, 2012 2:19pm
Quoting divak
yes.
So?
So you should know how that effects the exchange rate correct?

He just said govs are desperate for cash.. and its true.

I still think we will see another down leg before we see any central bank intervention
Be hopeful in a winning position, and fearful in a losing position.
  • #676,828
  • Aug 7, 2012 2:20pm Aug 7, 2012 2:20pm
Quoting Rag2RichesFX
So you should know how that effects the exchange rate correct?

He just said govs are desperate for cash.. and its true.

I still think we will see another down leg before we see any central bank intervention
I know. Any QE3 annoucement u did read somewhere? please copy me the link. thx
  • #676,829
  • Aug 7, 2012 2:25pm Aug 7, 2012 2:25pm
Quoting divak
I know. Any QE3 annoucement u did read somewhere? please copy me the link. thx
You must have forgot you just said "I still don't see your point" when he was talking about governments needing cash, anywhere they can get it.

The point was anywhere they can get it means CB intervention.

You asked I answered.

Imo, NO QE3 until 1.18-1.16
Be hopeful in a winning position, and fearful in a losing position.
  • #676,830
  • Aug 7, 2012 2:25pm Aug 7, 2012 2:25pm
H4 chart ... bullish? dont think so
That which does not kill us makes us stronger
  • #676,831
  • Aug 7, 2012 2:25pm Aug 7, 2012 2:25pm
Quoting Rag2RichesFX
You must have forgot you just said "I still don't see your point" when he was talking about governments needing cash, anywhere they can get it.

The point was anywhere they can get it means CB intervention.

You asked I answered.
sure, but ECB intervention are not going to happen till september. It's a given.
  • #676,832
  • Aug 7, 2012 2:30pm Aug 7, 2012 2:30pm
Quoting Rag2RichesFX
So you should know how that effects the exchange rate correct?

He just said govs are desperate for cash.. and its true.

I still think we will see another down leg before we see any central bank intervention

Central bank intervention?

The idea of direct central bank intervention in a particular currency pair is interesting... I wouldn't have expected it but for something Draghi said last week. He said: "don't short the euro". He didn't say don't "sell the euro short", which is what a non-trader would say. He said don't short it.

Made me wonder what involvement the ECB might have with trading of individual currency pairs...

Maybe it's nothing... just sounded odd at the time.
  • #676,833
  • Aug 7, 2012 2:35pm Aug 7, 2012 2:35pm
Quoting RWalker
Central bank intervention?

The idea of direct central bank intervention in a particular currency pair is interesting... I wouldn't have expected it but for something Draghi said last week. He said: "don't short the euro". He didn't say don't "sell the euro short", which is what a non-trader would say. He said don't short it.

Made me wonder what involvement the ECB might have with trading of individual currency pairs...
A low Eur is the best news people in Europe can expect. Germany is massively exporting. A weaker Eur puts the EZ at an economic advantage.
  • #676,834
  • Aug 7, 2012 2:36pm Aug 7, 2012 2:36pm
no annoucement, the market will get bored. 1.24 should give way

im not sure people will be patient till september for the QE3. It would be logical to see some nice retracement
  • #676,835
  • Aug 7, 2012 2:38pm Aug 7, 2012 2:38pm
Quoting divak
A low Eur is the best news people in Europe can expect. Germany is massively exporting. A weaker Eur puts the EZ at an economic advantage.

The people and the government are not the same thing. (sadly)
  • #676,836
  • Aug 7, 2012 2:38pm Aug 7, 2012 2:38pm
Quoting Rag2RichesFX
Central banks buy government bonds, lots and lots of them
Im new on FOREX, and im searching and learning. And maybe you can help with this. How do you think affects the dolar, the fact that Central Banks buy bonds? thanks
  • #676,837
  • Aug 7, 2012 2:40pm Aug 7, 2012 2:40pm
Quoting lafedgar
Im new on FOREX, and im searching and learning. And maybe you can help with this. How do you think affects the dolar, the fact that Central Banks buy bonds? thanks
good luck to the one that can give a clear and precise answer
  • #676,838
  • Aug 7, 2012 2:44pm Aug 7, 2012 2:44pm
Quoting divak
good luck to the one that can give a clear and precise answer
Well, its an open question. If you can give me your toughs. thank you
  • #676,839
  • Aug 7, 2012 2:46pm Aug 7, 2012 2:46pm
Quoting lafedgar
Well, its an open question. If you can give me your toughs. thank you
a good start. Simple but clear.
http://en.wikipedia.org/wiki/Quantitative_easing
  • #676,840
  • Aug 7, 2012 2:48pm Aug 7, 2012 2:48pm
2402, then 2395, then 75 then 2340/30

if 2405 breaks i will take a little profit to allow this short to float more comfortably, will take a little more at 2390
Be hopeful in a winning position, and fearful in a losing position.
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