EURUSD - Trends, Forecasts and Implications (Part 2) - page 1761

 
Noterday:

I still think so


I second that, overhang and down.
 
Noterday:

On this option (pink #3) there are too many stretches.... One could of course "underline" Elliott for this, but I don't do that sort of thing. Now in terms of wave analysis it is unrealistic...

As for the broken green line, no big deal. It only put the green line into question. We will have to deal with it on Monday.

And the wolf is gradually working out =))))))


You need a little turpentine to make this wolf work properly, because it's too late, but you don't do that kind of thing;)


 
German exporters are set for a depreciation of the franc. A survey conducted by Commerzbank specialists shows this. "The euro/franc has set new historical lows below 1.30, in view of this, the surveyed companies simply cannot imagine that the franc still has room to rise and the euro/franc to fall, regardless of the time period. The current Euro/Franc exchange rate is 1.2952.
 

 
US Federal Reserve Chairman Ben Bernanke used his harshest objections to foreign criticism that the US central bank's loose monetary policy is causing inflation and bubbles on overseas asset markets.
Other countries around the world have an interest in the US economic recovery that its policies are stimulating, Bernanke argues in a speech prepared to address a meeting of G-20 finance ministers and central bank governors in Paris. He adds that authorities abroad have plenty of tools to fight inflation and asset market bubbles on their own, including allowing their exchange rates to rise to prevent overheating. Moreover, Bernanke believes that sharp economic growth in developing countries, partly driven by their own economic policies, is causing problems in the US.
"The impact could be in both directions," he notes. "Buoyant demand in emerging markets has contributed significantly to the recent surge in global commodity prices," the Fed chief adds.
G-20 leaders last met in Korea in early November, just days after the Fed announced its plans to buy $600 billion worth of Treasury bonds. The programme, known as quantitative easing, aims to keep long-term interest rates low, encourage investors to buy risky assets and stimulate economic growth. At the meeting in Korea, Fed policymakers came under criticism, especially from Chinese and German authorities, for maintaining inflation and trying to push the dollar down. This reaction took Fed policymakers by surprise and definitely angered Bernanke.
As a follow-up to comments made in November, Bernanke has largely dismissed this criticism. One argument of the critics is that the Fed's cheap money policy is increasing the flow of hot money into emerging markets. According to Bernanke, the money is being directed there because these economies are growing so fast. "Recent data suggests that aggregate flows to emerging markets are not inconsistent with long-term trends," he added.
Developing countries with rapid economic growth can use "exchange rate adjustments, monetary and fiscal policies and other prudent measures" to keep their own economies from overheating.
Speaking of the exchange rate, Bernanke appeared to be referring to China, although he did not name it in his comments. Instead, the Fed chairman said that countries with large foreign trade imbalances need to "allow their exchange rates to better reflect market fundamentals and increase their efforts to reduce domestic demand for exports".
Speaking of other sensible measures, Bernanke was referring to attempts to strengthen global financial regulation.
Meanwhile, the US needs to pursue a more sustainable course of its own fiscal policy, Bernanke said, citing the need to reduce the federal budget deficit over the long term.
For several years, US leaders have argued that China needs to allow the yuan to grow at a faster pace to ensure that the exchange rate reflects strong economic growth in the country. Chinese leaders have resisted doing so because of fears that a stronger yuan could hurt exporters and destabilise the economy.
However, there also seem to be indirect but threatening warnings for China. According to Bernanke, the US and France contributed to the Great Depression in the 1920s and 1930s by keeping their currencies low for too long. The undervalued dollar and franc led to large inflows of capital into these countries and ultimately destabilised the global financial system, said the Fed chief, who is a renowned expert on the Great Depression.
Bernanke devoted the bulk of his comments to a topic he has been researching since 2005 - the strong rise in savings rates in developing countries and among oil-producing countries, which in turn led to capital flows into the US before the financial crisis.
"The global financial crisis is abating, but capital flows again present some notable challenges to global macroeconomic and financial stability," Bernanke said. He added that "the persistence of undervalued currencies by some countries has contributed to world spending becoming unbalanced and unsustainable".
 
Jingo:
US Federal Reserve Chairman Ben Bernanke used his harshest objections to foreign criticism that the US central bank's loose monetary policy is causing inflation and asset market bubbles abroad.
Other countries around the world have an interest in the US economic recovery that his policies are boosting, Bernanke claimed in a speech prepared for a meeting of finance ministers and central bank governors from the G20. He adds that authorities abroad have plenty of tools to deal with inflation and asset market bubbles on their own, including allowing their exchange rates to rise to prevent overheating. Moreover, Bernanke believes that sharp economic growth in emerging markets, partly driven by their own economic policies, is causing problems in the US.
"The impact can go both ways," he notes. "Buoyant demand in emerging markets has contributed significantly to the recent surge in global commodity prices," the Fed chief adds.
G-20 leaders last met in Korea in early November, just days after the Fed announced its plans to buy $600 billion worth of Treasury bonds. The programme, known as quantitative easing, aims to keep long-term interest rates low, encourage investors to buy risky assets and stimulate economic growth. At the meeting in Korea, Fed policymakers came under criticism, especially from Chinese and German authorities, for maintaining inflation and trying to push the dollar down. This reaction took Fed policymakers by surprise and definitely angered Bernanke.
Bernanke has largely rejected this criticism, following up on comments made in November. One argument of the critics is that the Fed's cheap money policy is increasing the flow of hot money into emerging markets. According to Bernanke, the money is being directed there because these economies are growing so fast. "Recent data suggests that aggregate flows to emerging markets are not inconsistent with long-term trends," he added.
Developing countries with rapid economic growth can use "exchange rate adjustments, monetary and fiscal policy and other prudent measures" to keep their own economies from overheating.
Speaking of exchange rate, Bernanke appeared to be referring to China, although he did not name it in his comments.
Instead, the Fed chairman said that countries with large foreign trade imbalances need to "allow their exchange rates to better reflect market fundamentals and increase their efforts to reduce domestic demand for exports."
Speaking of other sensible measures, Bernanke was referring to attempts to strengthen global financial regulation.
Meanwhile, the US needs to steer a more sustainable course for its own fiscal policy, Bernanke said, citing the need to reduce the federal deficit Chinese leaders have resisted doing so because of fears that a stronger yuan could hurt exporters and destabilise the economy.
However, there also seems to be indirect but threatening warnings for China. According to Bernanke, the US and France contributed to the Great Depression in the 1920s and 1930s by keeping their currencies low for too long. The undervalued dollar and franc led to large capital inflows into these countries and eventually destabilised the global financial system, said the Fed chief, who is a renowned expert on the Great Depression.
Bernanke devoted the bulk of his comments to a topic he has been researching since 2005 - the strong rise in savings rates in developing countries and among oil-producing countries, which in turn led to capital flows into the US before the financial crisis.
"Global Finance He added that "the persistence of undervalued currencies in some countries has contributed to world spending becoming unbalanced and unsustainable".




and can you get the gist of it, it's too boring to read:)
 
voinG:
Can I get the gist of it, it's too boring to read:)
2011.02.18 15:13:39 *Bernanke: Foreign investors' acquisition of mispriced US assets is behind the crisis
2011.02.18 15:14:31 *Bernanke: The main cause of the crisis was the poor state of the US financial system, regulation
2011.02.18 15:17:09 *Bernanke: Developing countries have many tools to prevent overheating
2011.02.18 15:06:06 *Bernanke defends low interest rate policy against foreign criticism
2011.02.1818 15:07:12 *Bernanke again criticised China's currency policy without naming a specific country
2011.02.18 15:08:39 *Bernanke: US and France triggered the depression in the 1930s because their currencies were undervalued
201102.02.18 15:09:19 *Bernanke: Countries that keep their currencies low are creating global imbalances
2011.02.18 15:31:24 *Bernanke: Capital flows are a threat to global financial stability
 
voinG:
and can I get the gist of it, because it's boring to read:)

In short, the US is full of shit.

Does anyone know about the Great Depression, because I thought it was only in the USA.

 
Bini-Smaghi 'scares' of a rate hike

ECB spokesman Lorenzo Bini-Smaghi said today that the central bank may have to raise rates due to rising global inflationary pressures.
 
Reason: