EURUSD | Page 37019 | 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

  • #740,361
  • Jan 1, 2013 10:20pm Jan 1, 2013 10:20pm
Quoting auxesis
The goal should be controlled recession, the flip side is going too far over the "debt edge" to recover, which may have already happened. Which is worse, cut and contract or permanently break it. Proactive budget restraints would be very dollar positive.
yes that would be [dollar positive] but that is EXACTLY what the FED wants to prevent....in order to boost exports a weak dollar is needed.

I dont entirely disagree with you on these issues (and it is always fun to have a great conversation with an intelligent person such as yourself), but a Keynesian approach is the lesser of two evils in my opinion.
AVT INVENIAM VIAM AVT FACIAM
  • #740,362
  • Jan 1, 2013 10:26pm Jan 1, 2013 10:26pm
I wonder where is Gator....
is he still expecting 3084 before climbing?

Obama speaking now
Patience, Emotion Control and Discipline.
  • #740,363
  • Jan 1, 2013 10:27pm Jan 1, 2013 10:27pm
Quoting the redlion
yes that would be [dollar positive] but that is EXACTLY what the FED wants to prevent....in order to boost exports a weak dollar is needed.

I dont entirely disagree with you on these issues (and it is always fun to have a great conversation with an intelligent person such as yourself), but a Keynesian approach is the lesser of two evils in my opinion.
What does the US export?

The Fed is printing money, which we pay interest, to buy our increasing debt, from over spending..... which everyone else in the world, China etc. has quit buying months ago.

I have a problem with that scenario.
  • #740,364
  • Jan 1, 2013 10:29pm Jan 1, 2013 10:29pm
Quoting Kanzler
There are lots of ways that can happen, but just a random stab is that there was a connection issue and your software ignored the missing data upon reloading. I seriously doubt there's anything wrong with your computer.

Thanks for your response.

It happens normally when there are lots of buying or selling. Like a break out.

May be their sever down for some time or the broker purposely does this durich break out situation?

Second time I noticed this during break out !!
Intraday only.
  • #740,365
  • Jan 1, 2013 10:29pm Jan 1, 2013 10:29pm
Quoting Vachus
So, the monkeys till now didn't disappoint - they pushed the economy over the cliff and till now even the Micro deal is not guaranteed 100% it will pass. we have new deadline for the cliff- Thursday. So, i expect they will push back the deal with amendments to the senates and keep blackmailing till the time runs out completely ... If they couldn't get the spend cut , they can pass the initial offer as it was before the new deadline !

Its a republicans game now and it will be fun watching this one played ... My favorite part when the Reps flip...
I was wrong , they actually voted the bill - now markets should be happy and slightly bullish. I'm waiting for the republicans to start talking about the debt ceiling , probably by the beginning of next week. So , for now happy politicians will be allover the news ( Not a great news for my shorts ).

On a more ridiculous note : Currently testing

Quoting Vachus
A trading assumption waiting to be confirmed : When Asia puts her hand in the machine, it stops working
"It's the Margin, Stupid."
  • #740,366
  • Jan 1, 2013 10:33pm Jan 1, 2013 10:33pm
Quoting Vachus
I was wrong , they actually voted the bill - now markets should be happy and slightly bullish. I'm waiting for the republicans to start talking about the debt ceiling , probably by the beginning of next week. So , for now happy politicians will be allover the news ( Not a great news for my shorts ).

On a more ridiculous note : Currently testing
The deal is done, but isn't that the reason the markets and euro shot up? Markets being forward looking, thus priced in? Obama spoke after signing the deal. He said there will be no debate on debt ceiling because bills have been incurred (i.e. higher ceiling = higher debt).
  • #740,367
  • Jan 1, 2013 10:40pm Jan 1, 2013 10:40pm
Quoting pip_trader
The deal is done, but isn't that the reason the markets and euro shot up? Markets being forward looking, thus priced in? Obama spoke after signing the deal. He said there will be no debate on debt ceiling because bills have been incurred (i.e. higher ceiling = higher debt).
Hahaha the Doh moment.
  • #740,368
  • Jan 1, 2013 10:43pm Jan 1, 2013 10:43pm
Quoting Ken A
Hahaha the Doh moment.
I guess since he's the one that incurred $6+ feckin trillion. Does anyone even fathom how much money that is? I think it is safe to say if the limit is raise so will the spending.
  • #740,369
  • Jan 1, 2013 10:45pm Jan 1, 2013 10:45pm
Quoting pip_trader
I guess since he's the one that incurred $6+ feckin trillion. Does anyone even fathom how much money that is? I think it is safe to say if the limit is raise so will the spending.
It's just with many zeroes. Is there another way raise the ceiling but cut spending?
  • #740,370
  • Jan 1, 2013 10:48pm Jan 1, 2013 10:48pm
Quoting Ken A
It's just with many zeroes. Is there another way raise the ceiling but cut spending?
Well, yes. By raising the ceiling allows the Treasury to borrow more money to pay the liabilities, but if Obama spent $6 tril in his first 4 years why would we show any restraint the next 4? There can be spending cuts, there are spending cuts now. Yet if the US continues to spend more than it takes it the deficit will just grow.

The debt ceiling is really a false number because the US is the only nation in the world that can raise their "ceiling." If the ceiling is not raise than the US cannot pay thus defaulting.
  • #740,371
  • Jan 1, 2013 10:48pm Jan 1, 2013 10:48pm
Quoting pip_trader
I guess since he's the one that incurred $6+ feckin trillion. Does anyone even fathom how much money that is? I think it is safe to say if the limit is raise so will the spending.
The debt ceiling is a minimum number of 60 Trillion on 10 years and the republicans are even saying this is a so low number and proposing 100 Trillion ...
"It's the Margin, Stupid."
  • #740,372
  • Jan 1, 2013 11:00pm Jan 1, 2013 11:00pm
Quoting Vachus
The debt ceiling is a minimum number of 60 Trillion on 10 years and the republicans are even saying this is a so low number and proposing 100 Trillion ...
The ceiling itself is not a number. Only Congress can approve expenditures. When the revenue is not enough there is a deficit, obviously. The Treasury then borrows capital to pay for the different. The ceiling itself is the absolute limit of borrowing power, but it is not absolute because Congress can vote for it to increase.

Currently, the limit is $16.4 trillion. The US deficit is currently $16.32 trillion.

Interesting fact: The limit was raised 8x under Clinton and 7x under Bush, who served two terms. Already, the limit has been increased 3x under Obama.
  • #740,373
  • Jan 1, 2013 11:00pm Jan 1, 2013 11:00pm
Quoting pip_trader
Well, yes. By raising the ceiling allows the Treasury to borrow more money to pay the liabilities, but if Obama spent $6 tril in his first 4 years why would we show any restraint the next 4? There can be spending cuts, there are spending cuts now. Yet if the US continues to spend more than it takes it the deficit will just grow.

The debt ceiling is really a false number because the US is the only nation in the world that can raise their "ceiling." If the ceiling is not raise than the US cannot pay thus defaulting.


Well, they might do a little touch up here and there.


As U.S. Approaches Debt Limit, Treasury Readies ‘Extraordinary’ Measures


As the federal government closes in on its legal debt limit, the U.S. Treasury is dusting off its book of so-called extraordinary measures — moves that will buy it a few extra months to finance Social Security, military salaries and other payments.


Associated Press
Treasury Secretary Timothy Geithner
The U.S. was about $67 billion under the $16.394 trillion debt ceiling as of Friday. That’s small change in a world of trillion-dollar deficits and billions in monthly borrowing.

Treasury expects to bump up against the cap, which is set by Congress, very near the end of this month. Lawmakers may not raise it before then — the debt limit has become entangled in fiscal cliff talks. The White House wants to be able to raise the debt ceiling without political drama, though Republicans see their authority over the cap as a crucial bargaining chip to extract spending cuts from the Obama administration.

So, perhaps a week or two before it would go over the top, Treasury is likely to start taking steps that will hold off default until about mid-February or early March.

The play book includes:

–Suspending sales of State and Local Government Series Treasury securities–special-purpose Treasurys known as Slugs that state and local governments use to comply with tax rules. The move doesn’t increase headroom under the ceiling, but it stops Treasury from piling on new public debt.

–Redemption of existing and suspension of new investments in the Civil Service Retirement and Disability Fund after determining that a “debt issuance suspension period” exists. The action allows the government to redeem Treasurys held by the fund–last time around that worked out to about $12 billion over two months. By law, the fund must be made whole once the debt limit is increased.

–Suspending reinvestment in the Government Securities Investment Fund, or G Fund, a money-market defined-contribution retirement fund for federal employees. Federal employees wouldn’t be affected by the action–Treasury is required to replenish the fund. The maneuver bought Treasury about $130 billion in headroom last year.

–Limiting investments in the exchange-stabilization fund, a reserve account related to foreign-exchange holdings. The government has about $23 billion in securities in the fund.

“Once these steps have been taken, no remaining legal and prudent measures would be available to create additional headroom under the debt limit, and the United States would begin to default on its obligations,” Treasury Secretary Timothy Geithner told lawmakers last year.

Treasury never has said exactly what it would do if it breaches the limit.

Treasury’s Office of the Inspector General this summer reported that the department considered asset sales, across-the-board payment reductions, prioritizing payments and delaying payments–and concluded that none would “protect the full faith and credit of the U.S., the American economy, or individual citizens from very serious harm.”

As a last resort, Treasury officials concluded that delaying payments would be the least harmful option, the report said.

During the summer of 2011, the prospect of default undermined confidence, forced the government to pay additional interest costs and led Standard & Poor’s to strip the U.S. government of its top-notch debt rating.
  • #740,374
  • Jan 1, 2013 11:05pm Jan 1, 2013 11:05pm
Debt Ceiling: Interesting how Dem controlled Congress seems to have the most and steepest increases.
Attached Image (click to enlarge)
Click to Enlarge Name: 800px-US_Public_Debt_Ceiling_1981-2010.png Size: 112 KB
  • #740,375
  • Jan 1, 2013 11:06pm Jan 1, 2013 11:06pm
Quoting sidhujag
short heavy 6375 gbpusd and 142.50 gj goto hell gbp
i may hold gu for rest of year and gj maybe a month hopefully will make 1000% on this one
  • #740,376
  • Jan 1, 2013 11:09pm Jan 1, 2013 11:09pm
Quoting sidhujag
i may hold gu for rest of year and gj maybe a month hopefully will make 1000% on this one
Hey Jag,

You mind me asking where you see G/U headed to in the next 3, 6, or even 12 months?

What's your target?
  • #740,377
  • Jan 1, 2013 11:12pm Jan 1, 2013 11:12pm
Quoting sidhujag
i may hold gu for rest of year and gj maybe a month hopefully will make 1000% on this one

1,000% = ? pips
  • #740,378
  • Jan 1, 2013 11:14pm Jan 1, 2013 11:14pm
Quoting pip_trader
Debt Ceiling: Interesting how Dem controlled Congress seems to have the most and steepest increases.

Wars are not free
  • #740,379
  • Jan 1, 2013 11:14pm Jan 1, 2013 11:14pm
Quoting 100PipsADay
Hey Jag,

You mind me asking where you see G/U headed to in the next 3, 6, or even 12 months?

What's your target?
maybe 132 then 125 i see usd strength
so gu should fall harder
  • #740,380
  • Jan 1, 2013 11:17pm Jan 1, 2013 11:17pm
you need to do a deflation adjusted otherwise you get false readings.....and yes wars are not cheap and both were started by Rep President so dem/rep is all the same shit
AVT INVENIAM VIAM AVT FACIAM
324 traders viewing now