[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 6: August 2011) - page 163
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1.4490 I think the maximum for today (pullback is coming)
The potential for stock markets to fall is already small. In favour of my conclusion, here are the following considerations:
1. There are no derivatives that have accumulated significant money but are backed by some obscure commodity, such as real estate swaps (in a crisis, real estate falls in value rapidly, devaluing the swaps and driving the holders into crisis). There is no financial instrument with the ability to set off a "chain reaction". Bonds of troubled countries are bought back by the ECB, i.e. there is a market maker maintaining liquidity and keeping an eye on price levels.
2. The kombanks involved in redeeming the bonds of troubled countries have guarantees of help in case they encounter repayment problems critical for their balance sheets. So on this side, Europe's monetary problems can be expected (and they could cause a chain reaction!), but not likely: the props have already been put up.
3. The structure of European economic governance continues to improve and the idea of a European government headed by a Euro-premier (or Euro-president) has now been put forward
4. The emerging correction should be "flat" in the Elliott Wave terminology because there is a rule of alternation of corrections and the "deep" correction already took place in 2008.
The conclusion: there are no serious, structural problems, the analysis does not show any tensions (it shows that we are in the "B" wave). But since the forecast is for a flat correction, we will be floundering for a long time, November is the time when the strong growth will continue (e.g., we start with the corporate earnings report for the 3Q).
At the same time, Europe is still concerned about the depreciation of its currency against the dollar and will continue to put information pressure on the Euro, but this pressure will be less than in the spring and summer because the tension amongst market participants is high and could cause a panic. Perhaps the second panic wave will be the last one to complete the current correction (wave D)
Where to tomorrow and how big of a pullback will it be today? Is the euro really going to the upside?
You read my mind :))
I think we'll get more people to sell and go down)))) Well, if the bay is crowded, so much the better)))
i wonder who will win greed or poverty?
like this, you've got your feet together and you're up?))
Exactly =) Let's see if it reaches the 1.44700 predicted yesterday
1.4490 I think the maximum for today (pullback is coming)
Bonds of troubled countries are bought back by the ECB
Exactly =) Let's see if it reaches the 1.44700 predicted yesterday
Wonderful. Yesterday's prediction(https://www.mql5.com/ru/forum/134874/page158) fulfilled in detail. Now need to think about an EA using wmifor =)
Wonderful. Yesterday's prediction has been fulfilled in detail. Now need to think about an EA using wmifor =)