[Archive] FOREX - Trends, Forecasts and Consequences (Episode 9: November 2011) - page 30
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
...The eu already has no alternative...
What does that mean? That it will rise or fall to record lows? Judging by the charts the odds are about even. And news is an unpredictable thing. Moreover, we all see how the market reacts to it. We are standing at 50% of the fob.
On the general position in the EU - it is possible to go down. But how long the US can hold its ground is the question (or rather how long it needs to).
It's time for Buffett to retire.... Watched his latest interview a couple of weeks ago... was hilarious.... He was telling how he was driving home in a car and they had to stop at a crossing because a goods train was coming. So, Buffett said that this train was full of cars and in his opinion this means that production is not stagnant, the economy is working, it's not as bad as they say about the crisis.... I was wondering why he didn't think about the fact that this train goes back and forth and cannot unload in any way because there are no customers to buy cars....does he not see his country's macro data, how the US budget deficit is increasing, etc.
There are so many funny interviews coming out of the mouths of screen clowns that one wonders if they think those who listen to them are clowns.
I was wondering why he transfers assets from the quid to paper and why the euro is rising, (not right now exactly) when the stock market is rising...?
...the eu already has no alternative...
There is always an alternative, it's just that it's hard to see, there's a breach of technique, indicators are lying, etc. But the FA rules, unequivocally! It's already pissing me off myself. Before I could study news in the morning, look through calendars, set pending orders and go about my business occasionally looking at events. And now... the reaction to every news item...
Today, for example. On Sunday - Monday Greece voted for resignation of acting Prime Minister - the Euro went down, then it was published that Berlusconi resigned + ECB bought Italian bonds - the Euro went up, then they published a rebuttal (Italy Prime Minister Berlusconi said, the eu went down, then they published a retraction (Berlusconi announced that rumors of his resignation are groundless) - the eu went up, then they published that former head of ECB Papademos was elected as the new Prime Minister of Greece - the eu went up, then they said that if Italy doesn't start putting its banks in order, the ECB will stop buying their bonds - the eu went down....
Expert advice: Enter the market for no more than five minutes (or better not to enter at all) and immediately jump out of it
I wondered why he didn't think about the fact that the train goes back and forth and can't get unloaded because there are no customers to buy cars...
I was wondering why he transfers assets from quid to paper and why the euro goes up, (not right now exactly) when the stock market goes up.
It is no secret that the US dollar has turned into a banknote like the Soviet rouble in the early 90s; it has been valued more than the Americans themselves and for a number of years now. Eur always goes up and down with the stock market.
But, with Draghi's arrival - the market is scared, no one expected such unpredictable moves from him (if you read Romanov, he described Draghi's porkiness in detail)... And now the eu is becoming unpredictable, Draghi has added turmoil to the market, which is a huge minus... now the eu is feared, he has branded it....
By the way, I once watched a recognised specialist in the sale of weak alcohol.
They show him a place for new outlets, and he immediately reaches into the rubbish bins, digs through them and immediately assesses how many sales outlets he has.
By the number of found containers :)
An excerpt from Romanov's chronicle of Draghi:
It's the official who came in as the boss. And he began to make a fuss. In the spirit - the new broom immediately took over, sweeping away normal modesty and other sympathetic human qualities. I'm just telling you how I felt. I didn't like that debut. No one expected a cut rate right away as soon as the new man came in. If only out of respect for the predecessors. The first head of the ECB, the volatile Danishman Wim Duessenberg, was actually at the helm of the Euro project. A very striking figure, in a nutshell. And of course - worthy of respect. Totally, not subjectively. Moussou Trichet was not so unambiguous, not so bright, to be more exact - he was rather a grey accountant in appearance - but he knew his job well. He was firm in his policy and the EUR has remained at the level of 1,40 despite the well-known turmoil. Well, almost 1,40 here and now, and God only knows if it will ever go to 2 greenbacks apiece. So it would be nice to have a semblance of continuity, stability, predictability with the arrival of the new broom. That's if you're the central banker in some banana Panama, then you can afford to do as you did yesterday. But if it's the ECB, it seems to me - be so kind as to keep in mind the huge number of people and institutions that will react to a move by the Central Bank of Europe. It feels like personal ambition and - as they say - copper pipes have turned the new guy's head. Even if a rate cut was indeed desperately needed, a polite pause should have been taken. A bad start. The market didn't get it. More precisely, the market understood, and did not react by a wide margin. Although it's a very strong event that could have dropped the euras a lot potentially if Trichet had done it. The market ignored it. If it continues like this, the market will do the opposite. Those who don't believe it will see for themselves in time. A little digression into history, when in 2000 the Fed started cutting rates in a conference call and the market realised that this was indeed the right manoeuvre. After that every month from January to April or so, I don't remember exactly how many months, I remember a few. Every decision of the ECB to leave the rate unchanged led to a furious sell-off of the Euro. It even got to the point that the second the pernicious Dussenberg said "unchanged" the eu went down with a gap of 50 pips or more. The eu in a gap is a rarity nowadays, if only in a weekend gap sometimes. And the event was theoretically in favour of the yen, but the game was going against it. And it was playing against it for a year until they made the euras cash. Why even discuss Draghi, why am I expressing my attitude. Draghi is not just Draghi now, he is a key figure for all open market participants. If I make a decision on which I put my money, I am entitled to my attitude and my assessments. Since I am doing it publicly, and many are betting money on the same estimates as I am, I am entitled to express my doubts about Draghi. I may be making the wrong assessments, but if I don't get it, that's what I say - I don't get it!? What did the uncle do. Why did he do it? Is it for Europe, or is it personal PR. For personal ambitions in that position he has no right. And in general, he will find his right in the struggle. In the meantime he is nobody, a bad start. He's a zero in the market so far, a zero with a minus sign since yesterday. Mr. "Minus twenty-five basis points."
An excerpt from Romanov's chronicle of Draghi: