EURUSD - Trends, Forecasts and Implications (Part 3) - page 806

[ReziDent]

Possible course movements:

[margaret]

strangerr:

Are you still having fun on MT5?

[[Deleted]]

ReziDent:

Possible course movements:

There is now a slight correction after which we will go up to 1.4700

[odiseiff]

thoughts on the near future of the EURGBP

[Александр Шевчук]

margaret:
Are you still having fun on MT5?

People there are demanding serious traders, the kind that would roll out their stats for a couple of pages, teach them everything, and even give them money))))

[margaret]

strangerr:

People there are demanding serious traders, the kind that will spread their stats over a couple of pages, teach them everything, and even give them money)))).

Marishka never showed up again...

[margaret]

Frankfurter Allgemeine

How America is like Greece?

Is Europe's debt crisis threatening the world's biggest economy too? Who then will be in a position to save the US? One thing is clear, there are parallels with Greece. According to economist Barry Eichengreen, both countries are living beyond their means.

The Wall Street Journal

The dollar is falling faster and faster, posing a threat to the U.S.

The weakening of the US dollar is accelerating: low interest rates, fears of inflation and huge federal budget deficits are undermining its status. China has allowed the yuan to strengthen steadily in recent weeks.

[Александр Шевчук]

margaret:
And Marishka never showed up again...

Because she's not serious)))

[Warstein]

[margaret]

I wonder how it will end after all:

The federal budget deficit is approaching 10% of GDP, which further exacerbates the need for a significant tightening of monetary policy. The total debt is even more important than the annual deficit figure, and in this respect America is in a very difficult position indeed, as the total debt is around $75,000 billion, five times the size of the annual GDP.

The financial wars in the US are accompanied by illusions and outright lies, and no one dares to voice louder figures. Almost all American politicians and pundits say that sovereign debt is 59% of national income and no one pronounces 500%.

.....

The S&P has told the markets nothing new about the country's financial situation.

Many of the comments that followed not only carried notes of surprise, but also contained earlier speculation that S&P would make the decision. After all, the budget deficit has been out of control for years.
This event took place on 18 April. Congress was dissolved to celebrate Easter, so there were no immediate protests and no press conference. Nevertheless, the agency chose this date rather favourably for the government. And the statement itself was exceptionally bland. The agency did not mention that the Obama administration had increased federal spending by more than 30% in two years.

Moreover, it appeared that Timothy Geithner knew about the decision in advance. Last Sunday, the day before the S&P announcement, the Treasury Department gave numerous interviews on the bold steps taken by the Obama administration to reduce the budget deficit. This allowed the government to be, as PR people put it, "ahead of the news".

In response to the agency's statement, Geithner said there was no chance of the negative outlook from S&P materialising into an actual downgrade. At the time, the probabilityof the Titanic's demise was also zero ...