Eurusd/gbpusd - page 1831
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We are still waiting for some big news from Greece, while the Euro is back to range against the dollar. So far we have received nothing but lack of progress, however report says Greece will formally ask for an extension to their bailout today, let's see.
One more day that is in line with a side way market - whatever decision of ECB will be, the likelihood that it will be changed are slim
It is clear that now the expectations are that Euro will go up. I would not be so sure until I really see ECB decision
This is becoming a comedy. And is showing who is ruling the EU. The best thing Greece could do is exit the EU - taking orders from someone that is interested only in a tax free market and collecting money from the sheep to finance their own projects without risking anything was never wise
EURUSD is clearly in the hands of politicians now. Very risky to trade. That is why the side way market is taking so long : everybody is aware of the risks
The EUR/USD range continues but there is a doji candlestick in the daily filter chart, so I think we might see the pair drop to target 1.1250. That said, I doubt the bearish trend will continue without a correction and a significant move to the upside.
Greeks rejected the German rejection : Greece Gives Europe A Counter-Ultimatum: Accept Or Reject Our Offer
Greeks rejected the German rejection : Greece Gives Europe A Counter-Ultimatum: Accept Or Reject Our Offer
It is becoming a tough game to play : not enough to scream loud, and show power - it does not work any more
Been watching what is been presented as an "EU melodrama" for the last couple of weeks (with Greeks been presented as the "villains" not doing their part) and decided to post a "3bs" post :
bs No 1 : EU is not about some brotherhood of men or "lets get together and we shall all be rich as Midas". It is about markets. Plain and simple. Somebody decided that EU would be a perfect way to make all import taxes obsolete, and it was done. Check who profited the most from that and the "who" becomes clear
bs No 2: foundations of EU were based on ISO standards. ISO was presented as a way to improve your export chances significantly, while, in fact, it was just a legalized spying scheme. Industrial espionage became obsolete : all the masters had to do was to take an ISO set of descriptions any competing company have submitted and that was it. Again, it is easy to see who profited the most. For gods sake : FIAT that was one of the strongest companies in the world, fell a victim to such "standardization" that never should have take place
bs No 3: the "the country will profit from EU" myth. One of the latest members of EU (Croatia) had an "investing surplus" of 40 million Euros in 2014. Ie : they have payed some tax collected money in the EU funds, and they got back +40 million Euros. Super Marios salary is greater than that. And everybody keeps forgetting that the country does not have a right to tax imports any more. Just interest rates on taxes of imported goods would be at least 10-15 times greater than that laughable "investing" (excluding the import taxes - that would, btw, prevent local country industrial devastation). That is a result of the policy EU does : "You have to have a good investing plan". And those who decide of that are filling their own "plans" with real money from 400 million tax payers, while the rest gets "loans" of fiat money to be able to buy bs that the masters would never be able to sell if there was no "duty free" zone called EU. Again, very easy to check who profited the most
There is much more bs points that could be talked about, but these 3 are enough to start with
So, go Greece. Finally someone had the guts to tell "no more". WWIII happened right before our eyes but this time we were told that it is good for us. Time to rewind the winners feasts - bloodsucking can never last for long
The eur/usd fell from 1.1450 to 1.1356 today, seems it's move to the 1.1250.