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Euro Jumps Then Falls As FX Traders Furiously Scratch Their Heads
Time to recalibrate the FX/market correlating robots. Shockingly, the emerging wave of still unknown bailouts is finally starting to be perceived as euro weakness. The onlly logical "euro-strength" outcome is if the IMF is once again dragged in, which in turn becomes dollar weakness.
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Profits roll in WHILE you SLEEP!
We may see this instability every where all day.
News no surprise. I'm sure Soros-types knew days ago. Question is, does the Euro do the perfunctory oversold bounce, with the usual stock/commodity correlations, or, do they sell the Euro some more, knowing that nothing has been solved. And, Euroland wants a weaker Euro for trade purposes. As I suspected, our friends in Iran announced they can now produce (if they want) weapons grade uranium. That might give the US dollar a bid. Might do something for gold and oil too. Trouble is brewing I suspect.
Now's the best time for gold to decouple from all this insanity
Na comex still wants to pretend it's a going concern for one more month.
Please allow 6 to 8 months for delivery. LOL.
For your info the London Gold and Silver cash market is techically in default. No one want to receive 25% cash-settlement anymore....
Is gonna come...
Not sure what's so hard to understand. The EUR, not the USD is heading down the toilet. The USD bears were wrong.
Technically they WERE right, for a year. Actually a for most of the last decade. Now they are wrong, at least for the forseeable future. Blah, blah semantics. I'm just feeling spunky this morning since I'm still holding my short from 1.378.
Getting emotionally attached in any trading, especially FX is a grave mistake. And one that many people never seem to learn.
Like mommy said, sell the news: Q.E. frickin' D.
Crisis will intensify: http://www.iamned.com
Go dollar!!
Yeah everyone I know expects the euro to hit 1.30 by march/april. Nobody isn't saying it won't be a wild ride to 1.30!
Previous choppy sideways action for DOW/SP500 and EURO have resolved once again to the downside.
So SP500/DOW downtrend and the USD uptrend reasert their dominance yet again.
This is very bearish for equities.
Substantial USD rally just gets closer and closer.
http://www.zerohedge.com/forum/market-outlook-0
First europhoria, then euroleeriness.
Just bought more euros this morning. The mere annoucement of a bankrupt california will send the $ into the crapper.
The pilots in occkpit have orders to take the plane to 13,600 in turbulence. While the door is closed, the passengers bet on the direction of the plane. Those in first class can put their ear to the cockpit door or pick up some information from the flight attendants. Those in coach are left to play the odds.
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