EURUSD - Trends, Forecasts and Implications (Part 3) - page 842
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it's your gartley indicator that draws that square .... you should read the instructions on what you put on your charts ))
ZUP
Tell me what Benya said.
2011.04.29 18:38:14 *Bernanke: Labour market is improving, but unemployment is still "quite high"
2011.04.29 18:37:42 *Bernanke: US economy is recovering moderately
2011.04.29 18:38:14 *Bernanke: Labour market is improving, but unemployment is still "quite high"
Thanks
LONDON, April 29. /Dow Jones/. The European Central Bank (ECB) is expected to leave interest rates unchanged on Thursday. In this case, investors will be closely watching the nuances of the rhetoric of ECB President Jean-Claude Trichet, who will speak at a press conference following the meeting. His comments will probably point to the timing of future rate hikes.
>Since inflation continues to rise above the ECB's target of just under 2%, some economists expect Trichet to signal a further rate hike as soon as a month from now if he utters his key phrase of "considerable vigilance" on price pressures.
>"We expect Mr Trichet to deliver his 'significant vigilance' phrase on Thursday, which will signal a rate hike in June," said Klaus Baader, economist at Societe Generale.
>A less harsh statement from Trichet would indicate to economists that rates may not be raised until the following months.
Thanks
WASHINGTON, April 29. /Dow Jones/. The financial crisis has hurt low-income Americans most of all. Federal Reserve Chairman Ben Bernanke said this on Friday, expressing concern about the uneven economic recovery.
> In his prepared remarks Bernanke also reiterated his view that the recovery is likely to continue at a moderate pace. Although the labour market is gradually improving, unemployment remains "quite high, especially among minorities, young people and those with lower levels of education", the Fed chief said.
>Bernanke was speaking at the Fed conference in Arlington, Virginia. At his first-ever press conference on Wednesday, Bernanke tried to reassure a sceptical audience that the central bank is doing all it can to control inflation amid rising food and gasoline prices and to stimulate an unsustainable recovery that has yet to affect many Americans.
>In his comments published on Friday, Bernanke stressed that while the scale of the problems caused by the economic crisis was exceptional, many of them are not in themselves new to lower-income families and to segments of the population that were already struggling.
>"People who have been vulnerable from the start - people with low incomes, as well as people with little assets and people with low levels of education - have had a difficult time during the financial turmoil," Bernanke said.
>/ Continued
>Bernanke cited Fed data showing that unemployment among lower-income households is still significantly higher than among higher-income households. In 2009, almost one-quarter of low-income households had at least one member who had been unemployed for some part of the year before the survey. This ratio is almost twice as high as in higher-income families.
>The central bank survey also found that low-income households make loan payments with significantly more delay than higher-income households.
>Helping those who need it most is a difficult task, Bernanke said. While no single programme or method will solve these problems, providing credit to solvent individuals and small companies through social financial institutions could help the economy and provide local tax revenues.
>"These tax revenues could be spent on programs that provide for the reoccupation of vacant properties, which would help reduce crime, or on worker retraining programs or economic development programs that would lead to increased employment and wage income and help homeowners avoid foreclosure," Bernanke said.
>He also pointed out that Fed banking projects across the country are helping communities struggling with high unemployment and high foreclosure rates.
>"Until vulnerable families and struggling communities regain lost progress, the economic recovery will remain incomplete," Bernanke said.
Thank you very much!
Look. There is a parallelogram. Amazingly, 3 of its points (graph points of the eura) coincide on the edge of the parallelogram. And in the places where the sides are divided in half. 3 points, out of 4....
Was charting the weeks today, but stopped at a month.
Look. There is a parallelogram. Amazingly, 3 of its points (graph points of the eura) coincide on the edge of the parallelogram. And in the places where the sides are divided in half. 3 points, out of 4....
Unless you have evidence that this is a pattern, consider it a fluke.
If you have no proof that it is a pattern, consider it an accident.
No no no, I just believe in such coincidences =)))
OK, maybe we'll live to see a third world war :)))
Was charting the weeks today, but stopped at a month.
Look. There is a parallelogram. Amazingly, 3 of its points (graph points of the eura) coincide on the edge of the parallelogram. And in the places where the sides are divided in half. 3 points, out of 4....