EURUSD - Trends, Forecasts and Implications (Part 1) - page 940
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came across this
http://fintimes.km.ru/obzory/krizis/9511
наткнулся на это
http://fintimes.km.ru/obzory/krizis/9511
My opinion is that he was just set up.
I thought that was only possible in our country (Kinder Surprise).
наткнулся на это
http://fintimes.km.ru/obzory/krizis/9511
Уже конец февраля, по его прогнозам, станет началом стремительного обвала доллара. Поэтому он считает необходимым срочный перевод оставшихся у России резервов в долларовой форме на золотую основу.
Don't you people believe it... There will be no collapse of the quid, the quid is tied to everything, on the contrary, it will get stronger... And as for gold, it's only going to go down now!
Fibo
European pre-marketPosted 09:44 08.02.2010
Hello!
The Euro/Dollar fell in the US session to 1.3583, the lowest since last May. The rate has fallen 160 pips on the day. The European currency continues to be under pressure due to fears of further increases in the debt of some of the euro area countries.
The trend of closing positions in risky instruments also continued. This was contributed by decline in stock markets as well as decline in prices of oil and precious metals. The US labor market survey data turned out to be neutral, the worst fears of investors were not confirmed, and at the same time, they did not inspire much optimism.
Problems of bubbles and fiscal deficits came to the fore. Market participants are worried that the economies of eastern European countries are alive with issuance and that if it is cut (as part of the treasury hole reduction), it will cause societal turmoil. Upon realising this, investors have dumped bonds and stocks in Spain, Portugal and Greece. Yields on the bonds of these countries have skyrocketed steadily, making borrowing even more expensive for the budgets.
There is confusion on the currency market. On Thursday the leading cross rates of the Japanese Yen (against the Pound, Euro and Australian Dollar) collapsed by 400-500 pips in a few hours, dragging the entire market down with them. The euro/dollar then plummeted to 1.36 and the dollar/yen to 88.50. In addition, the Swiss central bank intervened in the Euro/Franc cross on Friday night, but by morning 2/3 was overtaken by the market.
Behind the scenes, the yuan reigned - Americans got tired of waiting for the Chinese to come to their senses: the administration and Congress made it clear they would demand China to revalue the currency by threatening to impose high duties on the entire range of Chinese goods. An expert at the Academy of Macroeconomic Research in Beijing has reasoned that there is no other option. The bubbles are calling for a tightening of monetary policy, but if it is done now, the result will only be a huge influx of foreign speculative money, which will eventually inflate the bubbles and inflation more than ever. Therefore, it is wiser to let the renminbi rise first and only then start to raise rates. The leading stock exchanges have also shown new lows for the year, the Dow Jones has fallen below 10,000 points.
The Obama administration unveiled a budget proposal for the next fiscal year (beginning on October 1, 2010) - it shows that after the deficit of $1.4 trillion last year and the expected $1.6 trillion this year, the hole in the treasury will be reduced to $1.3 trillion, and after another 2 years, it will be down to $700 billion. The estimates are based on optimistic expectations of economic growth, which are unlikely to come true. Moody's said that if things go on like this, it will cut the U.S. rating because the rate of national debt growth is unacceptable. This would mean a fall in value of the dollar.
Technically, the dollar will continue to strengthen against the euro to the level of 1.3490, where the 61.8% Fibonacci level of the uptrend of the last year passes.
Have a good day.
FIBO Group MFH Analyst, Michael NersesovНарод не ужели вы в это верите... Не будет обвала бакса, на баксе все завязано, он наоборот будет укрепляться... А насчет золота так сейчас оно будет только падать!!!
Back in November I genuinely did not believe in the success of the dollar appreciation programme, probably mistaken, the numbers on that blog are of course crazy))) Neof. the unemployed 21)))) 140 bankrupt banks) and so on)) Well in general let's say there is a chance that the company will bail out)))
China bought 200 tonnes of gold)) and Russia, if it thinks about it, is nice of course))) India bought it at one time, what a price that was!!!
Axel
LONDON, Feb 8 (ANI). /Dow Jones/. Sliding charts for 24 hours:
Have a good week and lots of profits for everyone !
Well the direction of the market is clear. It seems to be going north. But this begs the question, up to what point? What is it anyway? Rollback or a global move north ? It seems that the quid has not lost its strength. What do you think?
My view is that it all depends on the state of the US economy. If it works, they will be able to support the dollar. If it doesn't - it will be ruined as a means of payment and settlement.
There is no telling what will happen, but it will never regain its former strength.