FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 186

 
DragonSL:

What a plan -- there are three Indians on the daily....

After the rise, I expect a decline to 1.3475.
 
DragonSL:
Margaret, did you hear about the sugar jitters, like a bad harvest in Brazil. Last year they bought up all the cocoa beans: a couple or three billions and you are a monopolist, and the sugar market is bigger, of course. I think people rushed into commodity markets: they were afraid of inflation...
17, July 2011Economics

Sugar may rise in price as Ecuador revises cane prices


http://e-finance.com.ua/ru/commodities/2011/07/17/Sakhar_mozhet_podorozhat_izza_peresmotra_Ekvadorom_tseny_na_trostnik/

Ecuador declares state of emergency over mass moonshine poisoning

http://www.zavtra.com.ua/news/health/229065/
 

US President Barack Obama reached a compromise with the Senate on 19 July and agreed to amend a plan to cut government spending and raise taxes in return for increased foreign borrowing, the Associated Press reported.

Obama personally told reporters the news after holding talks with Senate representatives once again. The senators themselves said they had almost agreed to $500 billion in immediate spending cuts and that the measure was seen as a starting point for cutting public spending by more than $4 trillion over the next 10 years, but the detailed plan will not be announced until after the reconvene.

The tentative plan also includes measures to increase budget revenues by $1 trillion by changing the tax code and cutting social security and Medicaid and Medicare programs.

"We will have time to resolve the issue by August 2," Obama stressed in his speech.

Solving the problem of increasing the national debt will allow the US authorities to continue their policy of external borrowing and to avoid a technical default on US government bonds that will occur on 2 August if the parties fail to come to an agreement.

 
ReziDent:

Didn't go quite according to plan)), don't scold me too much for the notation (lots of levels on the graph)

Can't "b", if it's "b", zigzag one more step down, having tested the low of "a"?
 
RekkeR:
Can't "b", if it's "b", zigzag one more step down, testing "a"'s low?

Low "a" should not be tested if the markings are correct... we'll see tonight.

(Gone to work).

 
Somehow the euro/usd is agonising - neither here nor there. Damn, the day candle is already overnight, and its width is only 30ppts. It's so ugly :((((.
 
RekkeR:
17, July 2011Economy

Sugar may rise in price as Ecuador revises cane prices


http://e-finance.com.ua/ru/commodities/2011/07/17/Sakhar_mozhet_podorozhat_izza_peresmotra_Ekvadorom_tseny_na_trostnik/

Ecuador declares state of emergency over mass poisoning with moonshine

http://www.zavtra.com.ua/news/health/229065/


Have you seen this Ecuador on a map? It has never been a monopolist in this market.
 
DragonSL:

Have you seen this Ecuador on a map? It has never been a monopoly in this market.
Greece, also a small country )).
 

Wmifor version 1.1 has gone to moderation :)

Standing flat (1.41-1.42) with a slight drift to the south. If nothing on the news happens :)