EURUSD - Trends, Forecasts and Implications (Part 2) - page 1696
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2011.02.14 17:47:08 US President Obama says budget puts economy on track for deficit reduction
2011.02.14 17:29:08 Obama's budget aims US GDP growth of 3.1% in 2011 and 4.0% in 2012
2011.02.14 16:46:40 *Obama proposes to cut the deficit by more than $1 trillion over 10 years
2011.02.14 16:46:17 *Obama proposes $3.73 trillion budget for fiscal 2012
2011.02.14 16:45:33 *Obama's budget will raise $129 billion in tax revenues from foreign corporate profits
2011.02.14 16:40:25 *Obama again promises to repeal tax cuts for high-income earners
Same as Saturday.
US President Barack Obama said on Saturday that the draft budget he is set to present on Monday will help the government (whose annual deficit averages $1 trillion) start "living within its means," the NY Times reported over the weekend.
According to the draft budget for 2012, the deficit this year should reach an all-time high of $1.6 trillion. - the highest on record, as the extension of tax breaks in December has already cut into federal revenues, the WSJ noted. Last month, the Congressional Budget Committee projected that the deficit would reach $1.48 trillion from $1.3 trillion a year earlier.
Another WSJ article suggests that U.S. economic growth this year should reach its highest level since 2003, thanks in part to higher spending by consumers and companies. Many economists have raised their forecasts as recent figures reflect an increase in willingness to buy.
The highs since 2003 are hard to believe. Are you holding a buy?
Looks like it:
The high from 2003 is hard to believe. You got the buy in?
Is there a Big Call at 1.3457 by any chance ???
if there is then i'm afraid we can touch 1.34...
I like Dudley's performance better:
2011.02.14 17:04:24 *Dudley: The economy is healthier, but you can't call it healthy
2011.02.14 17:56:04 PM Fed-New York President Dudley: The current economic situation is unsatisfactory
2011.02.14 18:22:27 *Dudley: The government's austerity measures are a negative factor for growth
I like Dudley's speech better:
2011.02.14 17:56:04 *FED-New York President Dudley: The current economic situation is unsatisfactory
2011.02.14 18:22:27 *Dudley: Government austerity measures are a negative factor for growth
So Obama's speech isn't exactly bullish on the quid's growth either.
The down-correction (in general the EUR is rising globally) has not finished with the targets 1.3430 or 1.3270. I think the maximum would be 1.3320 and then 1.44. Maybe according to the blue variant it will go to 1.3640 (correction in correction - that is what it is called.)
Hi, so many profits you wrote here (would be a thousand quid each!) Forecast p1679 is ok, first target is 3430. If I break 3550 I will go up (what I doubt)
I am looking at 1.3544, but there is also 1.3602, there is a weekly pivot there as well. We wait.