[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 373

 
23 June. /Dow Jones/. While the EUR/USD exchange rate above 1.40 may be overvalued given the possibility of Greek debt restructuring, Barclays economists note that the dollar will almost certainly remain a borrowing currency due to its low yield. And as long as US economic growth is close to 2.5%, the dollar's yield will not change. /Futures traders on Thursday ruled out the possibility that the US Federal Reserve /Federal Reserve/ will start raising short-term interest rates in the middle of next year. Thus, the dollar's attractiveness is limited and unless the global economy is plunged into recession, the euro will remain a more attractive currency in terms of yields.
 

TheEuropean Parliament today endorsed Mario Draghi as the new head of the European Central Bank. There is now only one obstacle left in the Italian's path to the post - the European Council. The council's approval is expected to come as soon as today or tomorrow, at a meeting of EU leaders now under way.

As noted by Reuters, after the approval of the European Council, M. Draghi will be officially appointed as the next head of the ECB, which he will occupy at the end of October, after the resignation of Jean-Claude Trichet.
 
DragonSL:


Maybe it's not Mixon. Maybe it's Baltursite who's screwing us all over the place.

http://youtu.be/vNY8MFrQpXc


Hardly http://youtu .be/vNY8MFrQpXc... though I wouldn't be surprised ))))
 
Noterday: Now the question!

Who knows if there are any events between 10 and 20 July 2011? Just there's a time point for the price of 1.51-1.52

Although there may not be any planned, and something will happen unexpectedly....

This vote comes ahead of a meeting of Eurozone finance ministers scheduled for 3 July, which will decide whether Greece has met the conditions for granting the next tranche of the bailout programme. A second meeting of eurozone finance ministers will take place on 11 July to decide the fate of the second aid package.

> Faced with protests from ruling Socialist MPs, the Greek government this week decided to soften the impact of its new austerity plan by scrapping, among other things, some of the taxes originally intended for low-income taxpayers.

>The cabinet also scrapped new property taxes, which Greece had originally promised to its European partners and the IMF.

>There has also been a disagreement between Greece and representatives from the EU, ECB and IMF, known as the troika, over the €1.3bn in spending cuts that Athens had promised to make, Venizelos said.

>Correcting these gaps is currently at the centre of discussions in Athens. These gaps, Venizelos said, would be filled by new taxes and revenue-raising measures, as well as an additional €400 million in spending cuts this year.

>Revenues plans include reducing the minimum taxable income of Greek taxpayers to €8,000 from €12,000 previously and new taxes on fuel and heating oil.

>Venizelos also confirmed plans to adopt a special anti-crisis tax for all taxpayers of between 1% and 5%, depending on income.

 

Practically right =))) https://c.mql4.com/forum/2011/06/M15_23_2.jpg

Just didn't think the 2* wave would roll back like that.... The main thing now is not to go down to 1.4160. Anyway, if you buy, SL = 1.4160

 
margaret:

The vote comes ahead of a meeting of eurozone finance ministers scheduled for 3 July, which will decide whether Greece has met the conditions for granting the next tranche of aid. A second meeting of the eurozone finance ministers will take place on 11 July and will decide the fate of the second aid package.


...


>Venizelos has also confirmed plans for a special anti-crisis tax for all taxpayers of between 1% and 5%, depending on income.

Thanks for the info!
 

If the Japanese don't tinker, we could see 1.44 by morning.

p.s. the red option is still relevant. Remember about Low! and stops!

 
margaret:

Yesterday they announced the end, so people got excited and futures contract holders got upset....

In fact, the IEA was urgently called out of the blue this morning and for this reason:

The decision by the US and the IEA to dump 60 million barrels of oil on the world market has triggered a sharp drop in global black gold prices. Currently, Brent crude is already trading well below $110/bbl, while August WTI futures even dipped below $90/bbl.


Actually oil is now going for the Euro, so it's now 1:1,

US statistics are terrible, gold is down, oil is already down and they are further up...

 
2011.06.23 21:04:22 *Greece reaches agreement with IMF, EU on five-year austerity plan - Reuters
2011.06.23 21:04:18 *Greece reaches agreement at IMF and EU on 5-year austerity plan - Reuters
 
A breakdown of 1.4440 would give targets of 1.51, 1.52 and 1.54 on wave analysis.