EurAnalysis

I think they need to allow deflation and price correction

That's a pipe dream. Only the Eurozone will do that and because they are going it alone, it is going to work to their detriment in the short to medium term with long lasting negative effects. However, yes... In the long term it will work in their favor.

Btw, we are forming quite funny H4 candle.

If u're looking for the "i don't know" answer then, yes, u're getting it - i can honestly say i don't know. The egoistic part of me says that all those CB policies should completely be reversed, those who should take losses must take them, let the asset values depreciate across the board and then start over. Easier said than done i know and pretty much unthinkable. I just hate the mindset that we can buy ourselves out of trouble.

Sure I buy it again. You know I cant trade .

Lol. I' not sure though, some might regard that as inverse head and shouldier pattern...i mean, literally, it is, isn't it?

Okay I absolutely agree that deflation is the way to go, but as I already pointed out in response to RedTeamGo, it's a pipe dream. No central banker with friends who have personal assets depending on the can kicking concept will allow deflation. Extend and pretend is the norm now until it all blows up in their faces... and there are a couple of decades of that to go yet. Then and only then, we will have a forced deflation when the banking system is brought down on it's knees and a stick of chewing gum will cost $10,000. It's our destiny and we have to accept it.

forgot to flip it

partisan bias not withstanding

Assets
1-arable land, as world population increases people have to eat
2-water. very large fresh water reserves
3-energy, still a lot of untapped in the ground will make the US internationaly competitive with low cost advantage
4-new ways http://www.moneyshow.com/video/Video...tion-Starting/

I had seen a demonstration video of the technology a few months back where a working wrench was produced inside a box. Really cool
Star Trek replicator infancy

add: in my dreams, the end of the Fed reign of terror

Imo h4 not clear signal. Daily 2976 holds, but we are still within monthly S/R zone, ... so, still the same for me.

1.2965 been tested several times and it looks like a bounce from there. Equities are doing fine and USDX declining.

I have been away from trading the last few days and it is very helpful when you can do that and then come back and start fresh in reviewing everything.

We all trade from a background of our life experiences and our knowledge along with our personal way of seeing life and related matters such as money and what we need it for.

My way of reading things today is to consider the strong possibility that there is NO SOLUTION !!!

By accepting that as a STRONG POSSIBILITY you have the opportunity to see things in a much different way.

Just before the stock market crash of 1929 how many people expected it ?

Then once the crash came how many thought it was over when it bounced back before collapsing again.

We got the Glass Steagel Act of 1933 to ensure we would not get a repeat performance. Of course in 1999 Glass Steagel was eliminated.

The difference between 1929 and 2009 is that we now have an interlocked global economy and one VERY POWERFUL Reserve Currency.

Bernake is NOT a Madman nor stupid nor unaware of what he is doing.

Try a NEW MINDSET which accepts the view that Ben knows exactly what his policies are doing and can only continue on with them until the COLLAPSE comes and it WILL COME sooner than you think. That is also another MINDSET that should be looked at as a LIKELY Event.

It is all about CONFIDENCE and once the MASSES realize there is no way out except for the same way HISTORY always shows, then it will happen once the FEAR is there as the Dow goes from 13,000 to 12,000 to 11,000 and at 10,000, FEAR will finish the job.

Forget about having an opinion on Gold as it will behave as it must and that is as the ONLY STORE of Wealth over the last 5000 Years.

We do not have FREE MARKETS at the moment and that is why many traders around the world are having problems using their normal logic.

Here now is Wall Street Breakfast Must Kno News !!!

Have a great weekend and TRY TO THINK OUTSIDE THE BOX and see if it changes your view.

Top Stories

EU in rescue talks with Spain. The EU and Spain are discussing a rescue plan for the country that will allow the ECB to commence its bond-purchase operation and could be unveiled next week, the FT reports. Brussels will "pre-approve" the program, helping to ease the political problem for Spanish PM Mariano Rajoy of requesting a bailout due to the strings that may be attached.



"Fed action is a game changer for gold": Morgan Stanley.

Find out what to do about it with free, sensible financial insight from Blanchard and Company. — Read more here >>



Oracle profit climbs 11%. Oracle's (ORCL) FQ1 net profit increased 11% to $2.03B and adjusted EPS rose as expected to $0.53 from $0.48 - helped by a $3.1B stock buyback - but revenue slipped 2% to $8.18B and missed forecasts. The results added to worries about weakening IT spending and the company's ability to keep up with industry trends, particularly the shift to cloud computing. In addition, Oracle's hardware division continues to be ugly, with sales slumping 24%. Shares rose just 0.25% in after-hours trading.

GM, Canadian union forge new labor deal. GM (GM) last night agreed on a tentative new four-year labor contract with the Canadian Auto Workers (CAW) after the union threatened a strike earlier in the day. The deal will "create or maintain" 1,750 jobs and calls for GM to spend C$675M ($692M) on its Canadian factories. The agreement came three days after Ford (F) struck a new contract, leaving just Chrysler (FIATY.PK) without a union deal.

Top Stock News

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iPhone 5 goes on sale. The iPhone 5 has gone on sale around the world with the usual frenzy and queues around the block despite the increasing criticism of the device's Map app. However, in France, a union representing 25% of Apple's (AAPL) employees has voted to strike today after a breakdown in talks on pay and conditions.

Sharp shares rise despite denial of Intel speculation. Sharp (SHCAY.PK) has denied reports that it is in talks with Intel (INTC) over a possible capital tie-up involving a cash injection of more than $383M. Intel is looking to capitalize on Sharp's small-to medium-sized LCD panel technology, while for Sharp, the tie-up would provide much needed cash and a steady customer flow for its panel technology. Despite Sharp's denial, its shares rose 5% in Tokyo.

News Corp. could let James Murdoch oversee TV. News Corp. (NWS) is reportedly considering handing James Murdoch oversight of Fox Networks, which includes Fox broadcast network and cable networks, although not Fox News. The speculation comes after a U.K. regulator slammed Murdoch for his conduct in the phone-hacking scandal. "If his last name wasn't Murdoch he wouldn’t be considered for this position," says Needham analyst Laura Martin.

Deutsche Bank could slash jobs in Germany. Deutsche Bank (DB) may cut thousands of jobs in Germany, the Sueddeutsche Zeitung newspaper reports, with the bank set to eliminate 543 jobs in a first wave as it streamlines back-office services and its IT system. Deutsche Bank had announced 1,900 job losses in July but said that most of those would come from abroad.

Boeing gets $3.3B Dreamliner booking. Boeing (BA) has won a $3.3B order for 11 787 Dreamliner jets from All Nippon Airways and will deliver the planes in 2018-2021. Separately, Boeing yesterday said it plans to outfit 747-8, 777 and 787 jets with equipment that will allow passengers to make mobile phone calls from the planes from next year - if the FAA agrees - and access WiFi from 2014.

Cnooc's acquisition of Nexen clears another hurdle. A Canadian court has cleared Cnooc's (CEO) proposed $15.1B purchase of Nexen (NXY), the state-owned Chinese company said today. Nexen's shareholders overwhelmingly approved the deal yesterday, although it now has to receive regulatory authorization in China, the U.S. and Canada, where a debate is taking place about how big a role foreign state-owned companies should have in the country.

Top Economic & Other News

California's "wall of debt" far bigger than feared. When California Governor Jerry Brown came into office last year, he said he found a "wall of debt" of $28B. That wall is actually a much bigger $167B-$335B, says the State Budget Crisis Task Force, which was co-founded by Paul Volcker. The task force includes lots of off-book items in its calculations such as pledges to provide pensions to public workers and healthcare for retirees, and $40B to improve drinking water.

Russia may limit grain exports. Russian Economy Minister Andrei Belousov has warned that the country may restrict grain exports - as it did in 2010 - if domestic prices increase too sharply. The government had previously said it wouldn't limit exports despite a drought that will cause output to fall to an estimated 72M-73M metric tons from a record 94.2M tons last year.

U.K. deficit hits August record. So much for austerity - the U.K.'s budget deficit increased to £14.41B in August from £14.37B in the same month last year. The latest figure is the highest for August since records began in 1993, and was caused by a 2.1% fall in corporation tax receipts and a 4.9% increase in benefit payments.

Greek bailout hopes hit by disagreements. Greek PM Antonis Samaras is meeting his Italian, Spanish and Irish counterparts in Rome today against a background of huge disagreement. Samaras and his coalition partners have so far been unable to agree on spending cuts demanded by the Troika, who themselves are in dispute over who will provide Greece with extra financing that the country will probably need over and above its current bailout.

Editors' Pick

Electric Vehicles Are Still Not Ready For Prime Time


Today's Markets:

In Asia, Japan +0.3%. Hong Kong +0.7%. China +0.1%. India +2.2%.
In Europe, at midday, London -0.2%. Paris +0.0%. Frankfurt +0.1%.
Futures at 7:00: Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.2% to $92.14. Gold +0.3% to $1775.90.

Today's economic calendar:

10:00 Mass Layoffs
12:40 PM Fed's Lockhart: U.S. Economic and Monetary Policy

hmmm I wonder. If this breaks 1.3 again. They may try and push1.3075- 1.3086

Maybe even 3170
Actually I am banking on it because I didn't get to short when it was up there on Monday.

Daily Forex Brief

London: Friday 21st September 2012

A bullish bailout

As the third quarter draws to a close, there's a fight going on as to what is the biggest worry for markets in the coming quarter. Should it be Europe, the US fiscal cliff, or maybe the slowdown in China? For now, it's something of a three-way battle and the implications for currencies are far from clear cut. Taking Europe, there is growing speculation that Spain will ask for a bailout next week (FT newspaper today), in a way that will prove the least embarrassing for them. This is new territory for Europe because previously bailouts been prompted by a loss of market access (not being able to borrow at such high yields), but this bailout could well happen in Spain when yields are comfortably in the lower half of the trading range for the year. So with a Spanish request actually bringing the ECB bond-buying facility online, there's potential for this to be a bullish bailout for markets...but it's a big 'if'.
http://webr.emv2.com/fxpro/fxpro-newDB.gifhttp://webr.emv2.com/fxpro/daily-briefDB.gifhttp://webr.emv2.com/fxpro/marketnewsDB.gifhttp://www.fxpro.com/sites/default/f...rf%2024h_0.png

Commentary

Slip sliding again. After an impressive first half of the month, the single currency has wobbled somewhat over the course of this week. Yesterday, the euro dropped to 1.2930, down from Monday’s high of just above 1.3170. As always, there are various factors being put forward to account for the euro’s softness recently, including profit-taking after a wonderful run during the first two weeks of the month, a sense of deflation now that the major central banks have fired their monetary mortars and a concern that European leaders are again wrangling over a multitude of issues including Greece, Spain and the formation of a banking union. On the crosses, the euro is losing ground as well. EUR/AUD is down at 1.2450, EUR/JPY has fallen more than 2% to 101 and EUR/GBP was back at 0.80. In coming days, we shall get some perspective on the extent to which the mood towards the single currency has really changed.

Aaa 8 sec slippage on Oanda MT4. FO!

Edit: Ok, I am locked at BE again. But seriously, I really dont enjoy staying in that monthly zone.

But, so you know why I am so much interested in this zone. If we manage to close monthly above, and i think we will, we will break wave C low (monthly close), therefore marking wave E on July close and start new cycle.

T

Whipsaw pattern on m5 . Bubbles in your face.

Like Depeche Mode said 'this aint no disco' So I guess we going to have to wait till next week...

seriously disappointed in you. LOL

as i said it is ping pong day