EurAnalysis

Great Morning Walk

I found the link. I watched some of Thrive and more information that I then can decide for myself with an open mind which makes sense and which does not.

By exploring all points of view can you arrive at a consensus for yourself. One persons Nut Job might be someones hero or genious.

I am open to everything until I am not. Good Night and never assume anything.

I THINK I KNOW ... I Know I Know.. I Know !!!

I understand what you're saying. Good night CurrencyMan. Take care!

Oh man tell me about it!

http://www.zerohedge.com/news/bagus-...ops+to+zero%29

Consequently, QE2 is, despite Bernanke's words, inflationary. In fact, it is a euphemism to call the policy QE2. The term quantitative easing conceals the true inflationary nature of the instrument.

Furthermore, it sounds technical. The added number "2" makes it even more so. People who know little about economics might ignore news on QE2. Why bother to understand something so technical — let the experts deal with it. The term also has a positive connotation. Who does not want "ease"?

As Walter Block has repeatedly pointed out, we should carefully watch our language. Language is crucial to clear communication. The use of the term quantitative easing generates a smog to hide the production of new money. Words, as Block states, can be mightier than pens or swords. They guide our thoughts and writings. The invention of the term quantitative easing prevents people from thinking about the consequences of inflation. The term distorts thinking.

"The term quantitative easing conceals the true inflationary nature of the instrument."

Why not name QE for what it is? Why not name it after the effects it has?

Money printing cannot make society richer; it does not produce more real goods. It has a redistributive effect in favor of those who receive the new money first and to the detriment of those who receive it last. The money injection in a specific part of the economy distorts production. Thus, QE does not bring ease to the economy. To the contrary, QE makes the recession longer and harsher.

The injection of new money into the economy reinflates old bubbles and generates new ones. Most importantly, QE facilitates government deficit spending — additional distortions and rigidities in the economy. Malinvestments can endure. Factors of production are not shifted to places where the consumer wants them to be most urgently.
Thus, QE2 would be better called, "Quantitative Straining," "Quantitative Destruction II," or "Crisis Prolongation III."

Or we might name it after the intentions behind it: "Currency Debasement I," "Bank Bailout I," "Government Bailout II," or simply "Consumer Impoverishment." Finally, we might also name it after its essence: "Money Printing I and II." Or, if we follow Bernanke, who pointed out that most of the new money is created in a computer, we can call it "Money Creation I and II." This might be the most neutral term.

The rhetorical tricks should not distract us from the fact that QE is simple money creation. The aim of Money Creation II is to finance government spending, debasing the dollar. We should dismiss the term QE and instead call money creation what it is: inflation.

opened few shorts @81 tp 1.2521

actually keeping it since opening

tough days?

anyways going to visit my dentist, laters

PipTrapper overslept this morning...

Morning Guys...
Interesting week ahead.
My plan for today?
Until we got into rollercoaster ride on NEWS this week
I think we'll have a small retracement in an uptrend channel.
AB-CD pattern fully completed right on important S/L line at 1.26200
Therefore I opt for small retracement.
I will SELL on highs near 1.2600, hoping to grab 50-100 pips
My scenario is rejected if price breaks and close above 1.26300...

I see it rose a quick 15 Pips near 3:10 AM ?

Good Morning...

Was it this at 3:09 AM ?

Spanish Econ. Minister says the deficit target is the number one priority for the government.

Monday, September 03, 2012 ⌚03:09 AM
Spanish Econ. Minister says the deficit target is the number one priority for the government.


03:13EUR http://c1802182.cdn.cloudfiles.racks...com/spacer.gifSpanish Manufacturing PMI 44.0 42.6 42.3

http://www.bloomberg.com/news/2012-0...-may-move.html

European stocks rose, with the benchmark Stoxx Europe 600 Index rebounding from two weeks of losses, as mining companies and utilities climbed. U.S. index futures and Asian equities fluctuated.

The Stoxx 600 advanced 0.3 percent to 267.04 at 8:19 a.m. in London, erasing an earlier decline of 0.2 percent. The gauge has risen 14 percent from this year’s low on June 4 amid speculation central banks will undertake further so-called quantitative easing, or QE, to support the economy.

Enlarge imagehttp://www.bloomberg.com/image/iSHye.YHc5yY.jpgEuropean Stock Futures Are Little Changed; Bankia Might Move

http://www.bloomberg.com/image/i2hbYfvyOaHo.jpgAngel Navarrete/Bloomberg

Bankia might be active after Spain said it will inject capital into the lender as an advance on money it is is due to receive once a reorganization plan is completed in October and approved by European authorities in November.



Bankia might be active after Spain said it will inject capital into the lender as an advance on money it is is due to receive once a reorganization plan is completed in October and approved by European authorities in November. Photographer: Angel Navarrete/Bloomberg



“We are waiting anxiously for the U.S. to see whether are going to do QE3, to see what the European Central Bank is going to do and what China is going to do,” Nick Maroutsos, who oversees about $2.9 billion as managing director and co-founder of Sydney-based Kapstream Capital, said in an interview on Bloomberg Television. “’Tis the season for stimulus, in terms of monetary policy as well as fiscal policy.”

Futures on the Standard & Poor’s 500 Index fell less than 0.1 percent today, while the MSCI Asia Pacific Index (MXAP) rose less than 0.1 percent. U.S. markets are closed for the Labor Day holiday.

The volume of shares changing hands in Stoxx 600 companies was 1.4 percent greater than the 30-day average, according to data compiled by Bloomberg.
Debt Auctions

Euro-region nations are this week asking investors to stake more than 20 billion euros ($25 billion) on second-guessing the ECB, selling the most debt in two months before Mario Draghispeaks on Sept. 6.

Spain, France, Austria and Belgium return to the market after a monthlong pause, with Germany also selling debt. The auctions take place before the ECB’s meeting in Frankfurt, where Draghi may reveal details of a new bond-buying program.

European stocks last week posted their first back-to-back weekly losses since May, as economic data from Japan to Germany added to evidence that global growth is slowing.

A Chinese government survey released on Sept. 1. showed factory output unexpectedly shrank for the first time in nine months in August while Separate data from the Australian Bureau of Statistics today showed retail sales fell in July by the most in almost two years.
A manufacturing purchasing managers’ index for the euro-area, released today, is expected to match initial figures that showed the pace of contraction slowed in August, according to economists’ estimates compiled by Bloomberg.

This is a repost from last night in case anyone missed it:

Looking ahead to next week's PA and some key levels to watch for. One must take into consideration the 10 year seasonal behaviour of the U.S dollar in September.

On the upside: A break and close above 1.2630 this week will open the door to possible uptrend to a pivotal PA area at/or around a previous POC area at 1.2734. If this level does not hold, we will definitely IMO head to 1.3100 price level very quickly as there is no past volume, POC or value area going back 6 months, until we get to that level. Price will IMO be rejected at this level on the uptrend. Don't forget we also have gap from July that was never closed at/near 1.3100


On the downside: 1.25 level is key. If PA can return to close under this key price level it will head to a very pivotal high volume area at 1.2435/40 area, If this price level breaks, it would be safe to assume we will be heading very quickly through very low volume areas on our way down to 1.2325 and possibly an overshoot to a very high demand high volume and previous POC area around 1.2280/85 level.

Personal thought: Besides seasonal effects on the dollar in September, One must take into consideration that with Friday's price action, we flipped daily POC and established a new high area POC near the daily close. In auction theory, you would have to respect a high probability of price continuation of the uptrend as it has established a new value area POC on Friday. Although, there is still a slight possibility that price will range back down to key levels I mentioned, in order to fill in the volume and finish out the 30 day and 180 day bell curve (Normal distribution) before possible continuation to the upside.

With all that being said, everything could change due to all the high impact news and fundies coming out this week.


Swissy

BTW-Good Morning Everybody!

http://www.finviz.com/fx_image.ashx?...22398330730000

I have simmilar channel but with parallel lines. And now we are exactly in the midle of it.

..

Yes... not many news today, but... ECB President Draghi Speaks
This can change "a LOT"
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