EURUSD - Trends, Forecasts and Implications (Part 2) - page 1797
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What do you think? Comment.
I skimmed above:
2011.02.22 18:25:56 *Qaddafi has ordered the army and police to crush the uprising2011.02.22 18:26:53 *Qaddafi: Use of force against the state is punishable by death
2011.02.22 18:30:49 *Libya has closed all ports - sourcesGaddafi is the leader of Libya
Libya's knockdown
Tunisia, Egypt, Algeria, Yemen and finally Libya The political world has shaken. One by one, countries are changing the balance of power. Old ties are crumbling irrevocably. Hundreds have fallen victim to passion. In spite of this, citizens are determined to fight for their rights. The only question is where the next hotspot will be. And it is already clear that the further it goes, the hotter it gets. The geopolitical situation is putting pressure on stock markets, commodity markets and currency markets. That is the main reason for the markets to move today.
If the fund has started to fall, it might be worth looking at alternatives...
What do you think? Comment.
Thank you. The logic behind my question was as follows. September 11, 2001. USA. First strike at 8:45 and second at 11;....(ter.act) The trend is bullish. On the daily candle the price jumped down 40-60 pips and went further with the bulls.
My point. I have expectations related to the formation of the second leg of the zig-zag on the daily chart, with targets of 1.44.... That's why I asked.
Thank you. The logic behind my question was as follows. September 11, 2001. USA. First strike at 8:45 and second at 11;....(ter.act) The trend is bearish. On the daily candle the price jumped down 40-60 pips and went on with the bulls.
My point. I have expectations related to the formation of the second leg of the zig zag on the daily chart, with targets of 1.44.... That's why I asked.
And then it will all depend on the US. If they need to put more pressure on Libya and other countries of the region, they will most probably strengthen the dollar (as the major currency of the world), while oil price goes up.
If not, the EU will try to strengthen the euro, thereby reducing the price of oil.
My view.
Oil prices rose further on rumours that Libya has announced a state of force majeure on oil exports. The price reached $91.50, up $5.29 after falling $5 earlier.
The rest will depend on the US. If they need to get more pressure from the EU on Libya and other countries in the region, they are likely to strengthen the dollar (as the main currency of the world) while raising the price of oil.
If not, the EU will try to strengthen the euro, thereby reducing the price of oil.
Purely my view.
I disagree for a number of reasons.
Oil prices get a fresh boost
Oil prices rose further on rumours that Libya announced a state of force majeure on oil exports. The price reached $91.50, up $5.29 after falling $5 earlier.
Crude oil rises, dollar falls.
I disagree for a number of reasons.
Oil goes up, the dollar goes down.