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EurAnalysis Kindergarten 24 replies

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  • #53,221
  • Sep 7, 2012 9:15am Sep 7, 2012 9:15am
Now the Cable is above 1.6, which pairs will still break psychological levels?
  • #53,222
  • Sep 7, 2012 9:17am Sep 7, 2012 9:17am
closed at 50 and now selling again at 75
  • #53,223
  • Sep 7, 2012 9:18am Sep 7, 2012 9:18am
Rofl weekly candle.
"I know one thing, that I know nothing." Sokrates
  • #53,224
  • Sep 7, 2012 9:18am Sep 7, 2012 9:18am
Quoting PipTrapper
The key for every CB is to keep the currency stable at a price that balances economic stimulus with inflation.

For the USD, it is already much lower than it should be, but the Fed doesn't really give a hoot because inflation is not a concern right now. However, for Obama it is a big deal because of increased "headline" inflation in the energy and food sector. If allowed to continue, the energy inflation could find its way into core inflation as manufacturers and service providers pass on the extra cost of production and transportation to the...

Didn't they factor that cost of high gas a few years ago? LOL Prices never dropped when gas went down. So not sure why they need to bump them again but they will anyway.
  • #53,225
  • Sep 7, 2012 9:21am Sep 7, 2012 9:21am
Quoting Cgb
Isn't that later than usual?
You may be thinking of NY Cut (Option expiries)
Those who say it cannot be done should not interrupt those who are doing it
  • #53,226
  • Sep 7, 2012 9:21am Sep 7, 2012 9:21am
Quoting Ken A
Alright. Thanks.
Sure thing....

after all, if Bernanke wanted to support the dollar, then all he would have had to do at Jackson Hole is get up on his hind legs and state emphatically "the Fed will not undertake QE again as long as i am chairman. I can see no economic benefit to the country or economy by debasing its currency further."

viola, easy and cheap
  • #53,227
  • Sep 7, 2012 9:22am Sep 7, 2012 9:22am
Quoting PipTrapper
The key for every CB is to keep the currency stable at a price that balances economic stimulus with inflation.

For the USD, it is already much lower than it should be, but the Fed doesn't really give a hoot because inflation is not a concern right now. However, for Obama it is a big deal because of increased "headline" inflation in the energy and food sector. If allowed to continue, the energy inflation could find its way into core inflation as manufacturers and service providers pass on the extra cost of production and transportation to...
I must be confused with this (I am really slow today):

Quote
Today's London fixing at 16:00 should tell us how much bullish sentiment there is left in the market.
  • #53,228
  • Sep 7, 2012 9:24am Sep 7, 2012 9:24am
Quoting nathan25x
Sure thing....

after all, if Bernanke wanted to support the dollar, then all he would have had to do at Jackson Hole is get up on his hind legs and state emphatically "the Fed will not undertake QE again as long as i am chairman. I can see no economic benefit to the country or economy by debasing its currency further."

viola, easy and cheap
We can only dream of such things.
Those who say it cannot be done should not interrupt those who are doing it
  • #53,229
  • Sep 7, 2012 9:25am Sep 7, 2012 9:25am
Quoting nathan25x
Sure thing....

after all, if Bernanke wanted to support the dollar, then all he would have had to do at Jackson Hole is get up on his hind legs and state emphatically "the Fed will not undertake QE again as long as i am chairman. I can see no economic benefit to the country or economy by debasing its currency further."

viola, easy and cheap
I guess he has many constraints to say that, provided he actually has a hind leg.
  • #53,230
  • Sep 7, 2012 9:28am Sep 7, 2012 9:28am
now the big boys are gonna go after the stops of all traders that went short at 1.2775
  • #53,231
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
Quoting Ken A
I guess he has many constraints to say that, provided he actually has a hind leg.
yes, all his wallstreet buddies would poison his next martini if he ever said something like that, hehehe
  • #53,232
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
Quoting nathan25x
now the big boys are gonna go after the stops of all traders that went short at 1.2775
Now you are going to make Swiss all hyped up with his conspiracy about NSA.
  • #53,233
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
well looking at the chart today...GULP!!! if euro stays above 1.2750, that could be the new support level...if it drops below then id say 1.26 would be the support level, maybe forming the higher low before take off to 1.30 and beyond...

but that will be sometime next week probably...if we're lucky...
  • #53,234
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
I found another buyer @ 1.2787. It's gonna be a fine day.
  • #53,235
  • Sep 7, 2012 9:33am Sep 7, 2012 9:33am
Quoting mka_78
Now the Cable is above 1.6, which pairs will still break psychological levels?
Err, I think they all have already!
I observe your reality but live my own.
  • #53,236
  • Sep 7, 2012 9:34am Sep 7, 2012 9:34am
Quoting nathan25x
now the big boys are gonna go after the stops of all traders that went short at 1.2775


Skull and Bones charge.

http://en.wikipedia.org/wiki/Skull_and_Bones
"I know one thing, that I know nothing." Sokrates
  • #53,237
  • Sep 7, 2012 9:35am Sep 7, 2012 9:35am
Quoting PipTrapper
You may be thinking of NY Cut (Option expiries)
Ah yes, sorry.

ADD: 8 points away from 1.2800
I observe your reality but live my own.
  • #53,238
  • Sep 7, 2012 9:37am Sep 7, 2012 9:37am
Quoting Cgb
Ok, 10AM EST London price fixing and usual trend reversal to follow.
Could you please explain this a bit? Thnx!
  • #53,239
  • Sep 7, 2012 9:37am Sep 7, 2012 9:37am
Quoting nathan25x
Sure thing....

after all, if Bernanke wanted to support the dollar, then all he would have had to do at Jackson Hole is get up on his hind legs and state emphatically "the Fed will not undertake QE again as long as i am chairman. I can see no economic benefit to the country or economy by debasing its currency further."

viola, easy and cheap
Why would he do that? He knows he's out of a job in November, he's got to be a nice guy if he wants in at Goldman Sachs
I observe your reality but live my own.
  • #53,240
  • Sep 7, 2012 9:38am Sep 7, 2012 9:38am
any fall would have 1.2650 previously our watched resistance, as the support level to fall on.
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