the question is!?
December taper or not!!! some bets?
my is yes..eeheheh
December taper or not!!! some bets?
my is yes..eeheheh
EurAnalysis Kindergarten 24 replies
Disliked{quote} if anyone interested please read explanation of US DOLLAR history as reserve currency and petrodollar rise and potential end. I just did to understand correctly information that PT just shared few hours ago. Im stunned and i just wonder what future implication it can have and makes me thing 5 times more before shorting EURUSD http://ftmdaily.com/preparing-for-th...dollar-system/ {image}Ignored
Dislikedthe question is!? December taper or not!!! some bets? my is yes..eehehehIgnored
Disliked{quote} At best that would be a wild guess. There are many arguments for and against, but at the end of the day, we first have to see how the data stacks up before the December FOMC meeting. So far it's not really that good, but it is mostly data from the time of the government shutdown. The really important data will come in December starting with NFP on the first Friday (Next week)Ignored
DislikedI think we may see a small taper in December that will occur in part to dispel some of the fears that a Yellen nomination will keep the printing press running indefinitely. The debt ceiling debate in early Feb is going to be extremely contentious and the Fed would probably like something hawkish to point to. Not sure a small taper is going to make lot of difference at this point.Ignored
DislikedThe short squeeze on Cable and the stop hunt on Euro today weren't enough I don't see the Euro going much further north, but Cable has potential for a couple more hundred pips to as high as 1.6560 before a retest of the 1.5900 support and probable extention down to 1.55xx {image} EW Count probabilities for Cable {image}Ignored
Disliked{quote} PT, do you think the EUR rebounds are just stop hunting? I can't make sense of the PA. Looking at DXY as well; I thought it was building some type of pennant/flag, but now not so sure. I'm starting to wonder if this whole drop was just a pullback in a longer term bull move as opposed to a trend change...Ignored
DislikedGood morning PT. From your vantage point, what do you see happening politically in the US in next few months, particularly concerning Obamacare and the new Senate rules governing the filibuster? I think things are going to start a steep slide downhill after the first of the year. Most of the mainstream press isn't reporting it, but I've never seen unrest and uncertainty like going on now. Also think the dollar is going to be choppy and relative weak until Obamacare is resolved and it becomes clear how the November elections are going to go. I am...Ignored
Disliked{quote} No the Euro is not JUST Stop hunting, but yesterday it seemed to be. This is more about USD weakness on a corrective pullback. How far or long that correction continues is the unknown, but it should not last too long. Of course it is all data dependent, but so far it is the USD that has the most pronounced bullish structure both technically and fundamentally. Therefore, as soon as the USD is ready to fly, we'll see the Euro come back down. Another risk for Euro bulls is the fact that the ECB has something up their sleeve for the next meeting...Ignored
DislikedThe short squeeze on Cable and the stop hunt on Euro today weren't enough I don't see the Euro going much further north, but Cable has potential for a couple more hundred pips to as high as 1.6560 before a retest of the 1.5900 support and probable extention down to 1.55xx {image} EW Count probabilities for Cable {image}Ignored
Disliked{quote} what ur view in Ej????? do u show any chart according to EW for Ej????Ignored