EURUSD | Page 34423 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #688,441
  • Sep 5, 2012 11:40pm Sep 5, 2012 11:40pm
Quoting sidhujag
no not all remember the real housewives of wallstreet? Google it. Also military spending is only bad if you dont need it. You also in this case dont have to use it to have more of a benefit than the money you put in. In other words buy low sell high make profit. Take a big chunk of debt off and before you know it youll be telling your grandkids how rigged the game is and its not what it seems when a recession comes aroind
Giving money to wall street only makes sense if they have the opportunity and willingness to invest it in production on US soil. Let's be serious here: between US regulations costing US companies 1.5 trillion a year and competition from low wage countries what chance of that is there ? They just use the money to bet on their favorite index. About the wife thing: corruption on a grand scale made possible by big government- what's new ?

The inflation will indeed help with debts and make the peasants poor and more competitive but that's about it. The US gov itself keeps spending like drunken sailors.

And military spending might be necessary, but good ? WW2 was indeed good for america but only because it conveniently left in ruins its 2 biggest competitors- Germany and Japan- there was no accident about that. WW2 was a war of choice for the allies for the purpose of getting rid of the economic competition. The US still has the same reasons in trying to monopolize the remaining sources of oil and encircling Russia and China.
  • #688,442
  • Sep 5, 2012 11:41pm Sep 5, 2012 11:41pm
Quoting sidhujag
how do u know stim didt goto the war
monger usa military? Its obvious getting off the
gold stdnd would come to this. With feds closed
books u never know what we got.

Alot of ppl r gonna be surprised how close we are
to interest rate hikes. Also alot of ppl are brainwashed
by media and market reactions to events. End of the day you cant mess with usd because
of their military power and economic capacity.

I do agree with the interest rate hikes. The market will still be fragile but they will have to raise rates due to inflation.

The military can simply rely on its nuclear weapons. No country is going to flat out attack another country that has nukes.

Our economic capacity is a different story. It is much diminished. Manufacturing is a hollow shell of its past self. The main thing we do here is assemble things that other people make. But, we claim it as the full product in the government numbers.
  • #688,443
  • Sep 5, 2012 11:46pm Sep 5, 2012 11:46pm
Quoting klinckphilip
I do agree with the interest rate hikes. The market will still be fragile but they will have to raise rates due to inflation.

The military can simply rely on its nuclear weapons. No country is going to flat out attack another country that has nukes.

Our economic capacity is a different story. It is much diminished. Manufacturing is a hollow shell of its past self. The main thing we do here is assemble things that other people make. But, we claim it as the full product in the government numbers.
Me I don't think so- Ben has a printing press and he's gonna use it. Why let the gov borrowing costs rise like Greece's and Spain's and default ? Plus if interest rates rise all the over leveraged banks holding US treasuries will go bankrupt. Ben can't have that above all else. He works for the banks before he works for the US gov.
  • #688,444
  • Sep 5, 2012 11:47pm Sep 5, 2012 11:47pm
Quoting SpacyTrader
Giving money to wall street only makes sense if they have the opportunity and willingness to invest it in production on US soil. Let's be serious here: between US regulations costing US companies 1.5 trillion a year and competition from low wage countries what chance of that is there ? They just use the money to bet on their favorite index. About the wife thing: corruption on a grand scale made possible by big government- what's new ?

The inflation will indeed help with debts and make the peasants poor and more competitive but that's about it....
You are way off on WW2. We tried to stay out. In fact there are many careful studies that say if we had entered Europe earlier millions less would have died.

Japan was the aggressor and they wouldn't give up. Also, they were not big competition. They had no natural resources left. That is why they attacked places high in natural resources.

We are not exactly encircling Russia or China. China isn't even a net exporter of oil. Russia has large reserves but they are more expensive to get than some other places so they are only really tapped when prices go up.
  • #688,445
  • Sep 5, 2012 11:48pm Sep 5, 2012 11:48pm
Quoting SpacyTrader
Giving money to wall street only makes sense if they have the opportunity and willingness to invest it in production on US soil. Let's be serious here: between US regulations costing US companies 1.5 trillion a year and competition from low wage countries what chance of that is there ? They just use the money to bet on their favorite index. About the wife thing: corruption on a grand scale made possible by big government- what's new ?

The inflation will indeed help with debts and make the peasants poor and more competitive but that's about it....
u didnt even google it i do recommend it. Thats not what i meant. Fed
threw some money away. Im trying to tell you theres alot more happening undercover than u think.

I see germany china russia in one corner and usa in the other. For world to get out of this usa must rule. They must raise rates or we will be screwed sooner than later. im sure they know this. Its all setup we shall all see next few months. Alot of closed door meetings we will know result by end of this year mark the post. Although i do agree what ur saying in general and simplistically Applying it to long term we have systemic failure. Give
it a few yrs before bag holders are
super bullish
  • #688,446
  • Sep 5, 2012 11:51pm Sep 5, 2012 11:51pm
Quoting SpacyTrader
Me I don't think so- Ben has a printing press and he's gonna use it. Why let the gov borrowing costs rise like Greece's and Spain's and default ? Plus if interest rates rise all the over leveraged banks holding US treasuries will go bankrupt. Ben can't have that above all else. He works for the banks before he works for the US gov.

He wont have a choice when inflation is going up double digits. Hopefully he realizes that default is better than hyper-inflation. Because those are our only two options. Unless we cut spending down to nearly nothing immediately and finding a huge oil reserve somewhere wouldn't hurt.
  • #688,447
  • Sep 5, 2012 11:52pm Sep 5, 2012 11:52pm
Quoting SpacyTrader
Yeah. True. Once you have a functioning economy in place it's good to stop the consumption strangulation. But I don't think the soviet economy is a good example of this: for one they had a state owned economy run by cretinous ideological party monkeys and second most of their efforts seem to have went towards building shiny bombs with no concern for cost or efficiency (since monkeys were pushing all the buttons).
I did qualify it with the fact that its military over-expenditure was a substantial player in its collapse, and a complicator of its economic situation. That said, I think it's a legitimate example of state intervention gone wrong that could have gone right, but the ideology of Communism was too firmly entrenched; the Russian leaders didn't have the flexibility of the Chinese, nor their advantage of having a first hand example of where their policies would lead to.



Quoting klinckphilip
The Keynesian model assumes that the government knows when and what amount to intervene. The government never knows those two and so it is never in a position to decide the fate of the economy one way or the other. The free market is always the better route. Intervention only creates situations where the people have to cede power to their government/leaders.
Sure it is. The government has a role and responsibility to intervene where free markets cannot without devastating consequences. It is complete blind faith and fundamentalism to assert the free market is always the better route, and always has the superior solution; there is no actual proof to substantiate this, and much historical evidence of interventionalism working where the private sector either could not, or would, in all likelihood, prove inefficient. While the government is certainly not a perfect distributor and investor of resources (neither is the free market by the way; markets are always inherently tainted with emotion and fallacy on some level), it is better to have imperfect but constructive action, than no or otherwise inefficient action.

Government is also important to prevent the otherwise inevitable and rapid consolidation of wealth via progressive taxation. If nearly all of the wealth (and thus economic power) is concentrated in the hands of a few (i.e. oligopolies/monopolies), you cannot have capitalism OR democracy.

To summarize, I think the free market is overall unquestionably a better allocator of resources, but there are instances where the government is the better or only solution; it is the economic actor of last resort in times of crisis, and a maintainer of sustainable capital circulation.

Also, and no offence is at all intended, I've found that it is impossible to have a constructive dialogue with free market fundamentalists because they cannot conceive of laissez faire capitalism being in any way flawed. I've expended more than enough of my time on arguments of this nature to know it's a completely fruitless endeavour which has long since lost the appeal of its novelty. We will never agree, nor change each other's minds, so it is pointless to continue.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,448
  • Sep 5, 2012 11:55pm Sep 5, 2012 11:55pm
does anyone talk about the actual trading of eurusd fx??

no charts...
no suggestions of where the pair is going too..

haven't been here in a while ... sure has changed
I'll pick up the crumbs don't need the whole pie
  • #688,449
  • Sep 5, 2012 11:59pm Sep 5, 2012 11:59pm
Quoting Quickiepip
does anyone talk about the actual trading of eurusd fx??

no charts...
no suggestions of where the pair is going too..

haven't been here in a while ... sure has changed
i usually notice those convos before big moves that basically
blow them up and they all lretty much dissappear from here lol hope that helps
  • #688,450
  • Sep 6, 2012 12:00am Sep 6, 2012 12:00am
Quoting Layzars
I did qualify it with the fact that its military over-expenditure was a substantial player in its collapse, and a complicator of its economic situation. That said, I think it's a legitimate example of state intervention gone wrong that could have gone right, but the ideology of Communism was too firmly entrenched; the Russian leaders didn't have the flexibility of the Chinese, nor their advantage of having a first hand example of where their policies would lead to.





Sure it is. The government has a role and responsibility to intervene where...

Sure the free market creates bubbles on its own but they are far smaller in magnitude than those created by governments.

I would like to see this proof you have of government intervention working where free markets could not without devastating consistences.
  • #688,451
  • Sep 6, 2012 12:00am Sep 6, 2012 12:00am
Quoting Quickiepip
does anyone talk about the actual trading of eurusd fx??

no charts...
no suggestions of where the pair is going too..

haven't been here in a while ... sure has changed
EUR/USD is slow/ranging, and I'm headed for bed soon anyways.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,452
  • Sep 6, 2012 12:04am Sep 6, 2012 12:04am
Quoting klinckphilip
You are way off on WW2. We tried to stay out. In fact there are many careful studies that say if we had entered Europe earlier millions less would have died.

Japan was the aggressor and they wouldn't give up. Also, they were not big competition. They had no natural resources left. That is why they attacked places high in natural resources.

We are not exactly encircling Russia or China. China isn't even a net exporter of oil. Russia has large reserves but they are more expensive to get than some other places so they are only really tapped when...
Yeah, those studies are called propaganda. If the allies wanted peace they would have encouraged Poland to hold a vote on returning the german territory they got after WW1- instead they told Poland they'd support them against Germany which they did. If they wanted peace they'd have allowed the people in the territory claimed by Germany to vote what country they wanted to be part of- instead they supported a course they knew would lead to world war. And you should look up why Japan attacked: the US cut off its oil imports. The US gov fully expected to be attacked after that (there was nothing else Japan could do), knew about the attack and let it happen to mobilize the population.

There's no point in debating this. Too lengthy. Look things up if you want.

About China it should be obvious it's being cornered as a potential world superpower competitor, Russia in spite of its current weakened state as well. Most other places are western puppets already. The name of the game is hegemony.
  • #688,453
  • Sep 6, 2012 12:05am Sep 6, 2012 12:05am
Quoting klinckphilip
Sure the free market creates bubbles on its own but they are far smaller in magnitude than those created by governments.

I would like to see this proof you have of government intervention working where free markets could not without devastating consistences.
i like that ur keeping it simple but also remem that whole world depends on usd. Its not like any other situation. In the end we may end up at same spot. Just like emotion will always damage accounts no matter how well you hide it
  • #688,454
  • Sep 6, 2012 12:11am Sep 6, 2012 12:11am
Quoting sidhujag
u didnt even google it i do recommend it. Thats not what i meant. Fed
threw some money away. Im trying to tell you theres alot more happening undercover than u think.

I see germany china russia in one corner and usa in the other. For world to get out of this usa must rule. They must raise rates or we will be screwed sooner than later. im sure they know this. Its all setup we shall all see next few months. Alot of closed door meetings we will know result by end of this year mark the post. Although i do agree what ur saying in general and simplistically...
I googled it- the Fed gave the money to the wife of some morgan stanley guy and a bunch of random foreign companies.

I must say I disagree both with your idea that Germany is with those 2 and that the only way out of this is for the US to rule. Some roman empire folks might have thought the same thing. But in the end what can't go on simply won't. Unless the US starts and wins WW3 they don't stand a chance.
  • #688,455
  • Sep 6, 2012 12:13am Sep 6, 2012 12:13am
EJ time
Attached Image (click to enlarge)
Click to Enlarge Name: 05SEP11EURUSDRSI.jpg Size: 110 KB
Don't have an ego. Always question yourself and your ability.
  • #688,456
  • Sep 6, 2012 12:14am Sep 6, 2012 12:14am
anything can happen tonight. For me, High leverage SHORT haha jk. I'm going to wait for all the hype to boil over before I jump in. For arguments sake, I think price is going to come down to 1.2572 before jumping back up to the 2660 area. Buenas nachos and g/l to all taking risks
  • #688,457
  • Sep 6, 2012 12:14am Sep 6, 2012 12:14am
Quoting klinckphilip
I would like to see this proof you have of government intervention working where free markets could not without devastating consistences.
Post WW1 Germany is a pretty good example. The problem may have eventually 'corrected itself', but the consequences would have been devastating (hyperinflation and economic depression for years).

Communist China is a great example. If free markets and non-intervention were the order of the day instead of government action that provided a mass of foundational infrastructure and currency debasement, it probably wouldn't have become the explosive economic powerhouse it is today.

2007-2008 is another example. If the government suddenly decided to let the markets 'do their thing', and the major banks all went insolvent, the outcome would have likewise been cataclysmic vis a vis Germany's situation, both for the States and the rest of the world. Would the problem eventually sort itself out? Sure. But not before long lasting and widespread misery and poverty had to be experienced by the poor and formerly middle class. Yes, you can argue that the government is simply postponing the inevitable, but you don't know that with any real certainty. What you _do_ know is that the American auto and banking industries were saved and are again self-sufficient, the bailout funds are more than half repaid, the most important financial centre in the world survived, and the global economy didn't implode (it's presently cooling, but that's not an devastating and sudden implosion).
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,458
  • Sep 6, 2012 12:19am Sep 6, 2012 12:19am
Quoting Layzars

2007-2008 is another example. If the government suddenly decided to let the markets 'do their thing', and...
Err. Sorry. I can't see that as any sort of success. If the banks didnt own the gov the best course would have been to let them fail and just bail out the depositors and then promptly reenact glass-steagall so the banks could no longer gamble with depositors money. Sure maybe you'd have got a bigger market crash, ripple bankruptcies across the world. It would have looked like the sky was falling but things would have come back to normal by now instead of the mountains of debts everybody is under.
  • #688,459
  • Sep 6, 2012 12:21am Sep 6, 2012 12:21am
Quoting SpacyTrader
Err. Sorry. I can't see that as any sort of success. If the banks didnt own the gov the best course would have been to let them fail and just bail out the depositors and then promptly reenact glass-steagall so the banks could no longer gamble with depositors money. Sure maybe you'd have got a bigger market crash, ripple bankruptcies across the world. It would have looked like the sky was falling but things would have come back to normal by now instead of the mountains of debts everybody is under.
That's an overtly optimistic view given the depth and breadth of the problem and all the interlinking financial dependencies that would have produced a domino effect the likes of which you've never before seen. It would have been depression with a capital D, and significantly longer lasting than 5 years.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #688,460
  • Sep 6, 2012 12:22am Sep 6, 2012 12:22am
Quoting SpacyTrader
Yeah, those studies are called propaganda. If the allies wanted peace they would have encouraged Poland to hold a vote on returning the german territory they got after WW1- instead they told Poland they'd support them against Germany which they did. If they wanted peace they'd have allowed the people in the territory claimed by Germany to vote what country they wanted to be part of- instead they supported a course they knew would lead to world war. And you should look up why Japan attacked: the US cut off its oil imports. The US gov fully expected...

Yes, the US stopped shipments of oil to Japan because they were invading Indochina on their way to India to take their oil. Japan had plans on taking over many areas and controlling the entire pacific as well as other areas. Their Imperialism drove them to do these things. Japan still has no natural resources yet the produce quite a bit. It was their government policies that and protectionism that pushed them to do these things. If they had free trade none of that would have been necessary.
1,228 traders viewing now