EurAnalysis

Wulf, could you please look at E/AUD now @ 1.21760 what level is this one?

Rofl sisse history fast and furious .

T

Perhaps we soon may have a triple bottom on U/Cad 4Hr chart! This time there is not a naked(virgin) POC in site. We could see .9800. I'm not trading this pair at the moment nor do I intend to. Cashed out on top yesterday as a reminder.

US investors still get spooked by the spendthrift Obama administration and every utterance of BB.
One of the best indicators for US originating money flows is the USD/CAD
There has been much flight Capital into Canada safe haven flows out of the US.
Although Romney's address was directed at main street America he is not President yet and so the old guard Keynesians still have impact on the USD
Yes Europe remains a mess, but the differing mandates between the ECB and the Fed generates rationals for different policies.

The Fed's Fisher would make the case that QE is ineffective and distorts investments but he is not the head. Policy remains highly accomodative in the US as long as Bernanke and his cheerleaders remain in power.

I do remain convinced that the markets are in a near term consolidation pending the outcome of the US election, which will probably be the most important election since roosevelt came to power.
I am trading for a deflationary impact in the commodity crosses with the Euro and the USD. US markets are still in the inflation is dominant trading outcome.

Until Bernanke is gone and a different leader with a different analysis gets put in place, the US saver will continue to suffer and the policy of debt expansion will remain as the panacea for every economic flaw.

The fiscal cliff for the US fast approaches and will start to impact come September.

Also Romney said last night he would name China a currency manipulator, this is a man if elected President with a supportive Congress will be on a different path for the USD. China will not be a happy camper and is prone to retaliate. They are already cutting deals with Europe and other Nations and the use of the Yuan and the Euro as international currencies of exchange is happening now.

The fight is on and the globalized World is unglobalizing and regionalizing into three major power centers. Asia, dominated by China (friction with its neighbors is inevitable), Europe ( pursuing its own vision of consolidation) and the Americas.

The US consumer cannot carry global growth going forward and so far the Asian consumer is far from picking up the slack in demand needed to re energize global growth.

Although US markets are still bouyed by the view that inflation is the end result I am trading the scenario that deflation will prevail over time as credit expansion is not what main street America will get embroiled in again. The wounds from leverage are not healed and the US citizen will be speaking in November.

USDX is climbing back to 81.30. If it falls below 81.00 it could go lower than 0.9800. I am beginning to hate this pair.

Yep. I am moving it to my high TF pair to monitor.

je je je ... Nothing to do with the prev poster but How on earth they even managed to put that discussion on the US election ...sometimes the US can be really surprising (especially during election) with some topics that you assume are beyond even consideration for a western develop country ...well I guess its the same everywhere with different issues...

In any case, euro going for the move that will set the roll ... let see

sisse

ECB's Asmussen says a new ECB bond-buying programme would be better than the last, in part because ECB would not have senior creditor status

Don't hate it... Love it for giving you an opportunity to buy it cheap

My chart pattern skills seems a little rusty these days, but what does a lopsided dropping boob formation on the 15M USDX chart indicate?

I will do that from now, playing the range for U/CAD.

It's been a scary day today. I heavily shorted gold and silver assuming it would drop like a rock with no QE. Look at it now Luckily stopped out with few pips in green, thanks to trailing.

lol ... I just noticed your QE3 signature ...what? ...lol..why? out of conviction? or u just don't want the euro to climb to 1.30xx this year?

sisse

About the US electorate. Most Americans still believe in their heart of hearts that they wish to leave as a heritage the Nation they were born into to the next generations.

As the US population ages they are more conservative in outlook and in core philosophy. People are not naive that they can trust a bankrupt headed US government to provide for a secure retirement.

This is an election of grave discontent with the status quo. Everyone in the US knows the truth and will not play the fool with assets accumulated over a lifetime of work.

A sound USD policy is something not somewhere out there to be discussed at some decade in the future. Many people have been hurt deeply by the Fed and will act at the polling place.

America is not Europe and the feelings run deep.

Hehehe! Boobs!

will it even go lower tonight, just wondering

bloomberg mentioned 1.2745 or something near term

Great post man, I hear you. Please ,could you just expand on what do you mean by commodity crosses?

Thx,

T

10Y US Bond yield dropping like a stone here. LOD at 1.599 so far.

LOL. I want the Fed to take a back seat to force a solution through fiscal means. All this monetary easing will not boost the real economy, and until we get a solution that actually addresses the real economy, then the Euro has a chance to climb higher which pretty well makes me not only a very pissed of trader, but also a very pissed off potential home buyer in Europe with USD funds.

It just indicates out of alignment formation. There are several ways to fix it but let's not get into that.

If anyone can fix it, Long Dong Silver can!