By the way, thanks for everything... All helpful. I think the EURO stays high against the dollar because of the cost of living. Everything is expensive over there. They may make 35 an hour, but only work 32 hours a week. The Greek have been patting themselves on the back forever (My big fat greek wedding) THe germans are brilliant, so are the swiss and austrians. Only Spain, Greece and france really holding it back.
I can just see us falling apart in 5 years, no real wage increase, fannie and freddie going by by, The republican CONSERVATIVE side holding sted fast on no tax increase for the rich. And no real good working class jobs for 100 M people, so many many going into retirement which will increase costs on medicare and SS in hole. 20 years it will be a real mess.. I think the euro will be very stable by then..
What about the pound / US...
Anyway, wont bug you anymore, thanks again..
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By the way, thanks for everything... All helpful. I think the EURO stays high against the dollar because of the cost of living. Everything is expensive over there. They may make 35 an hour, but only work 32 hours a week. The Greek have been patting themselves on the back forever (My big fat greek wedding) THe germans are brilliant, so are the swiss and austrians. Only Spain, Greece and france really holding it back.
I can just see us falling apart in 5 years, no real wage increase, fannie and freddie going by by, The republican CONSERVATIVE side holding sted fast on no tax increase for the rich. And no real good working class jobs for 100 M people, so many many going into retirement which will increase costs on medicare and SS in hole. 20 years it will be a real mess.. I think the euro will be very stable by then..
The pound is VERY strong versus the dollar, its the strongest counter I have seen and that I follow.
The reasoning is that the UK will raise rates sooner than the FED and the BOE has been dangling this carrot out there for a long time but to me again it makes no sense.
The problem I have with their thinking is that their housing market is in a serious bubble and I dont think it will end well, that will slow their economy as there is no way it can continue at the levels it has and that is bad news waiting to happen. Also I think if the EU does some serious QE then that is saying the Eurozone is in a recession (which is already known) so how can that not impact the UK? It isnt like the UK and the Eurozone are that far apart from each other..so if the EU starts QE it will impact the UK as well.
All that matters now is risk on and off..watch the correlation between the stock market and the currency markets. Today was up for the markets, and the pound is also up..previous days the markets were down and the pound was down.
I also think the BOE will start worrying about the EU/LB correlation and they KNOW just as the FED knows that too strong of a currency is a negative for the local economy..and the EU/LB is right at some serious 6-7 yr lows and that will not be good for the export business in the UK. It also is not good for the cost of oil and gas to residents.
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The pound is VERY strong versus the dollar, its the strongest counter I have seen and that I follow.
The reasoning is that the UK will raise rates sooner than the FED and the BOE has been dangling this carrot out there for a long time but to me again it makes no sense.
The problem I have with their thinking is that their housing market is in a serious bubble and I dont think it will end well, that will slow their economy as there is no way it can continue at the levels it has and that is bad news waiting to happen. Also I think if the EU does some serious QE then that is saying the Eurozone is in a recession (which is already known) so how can that not impact the UK? It isnt like the UK and the Eurozone are that far apart from each other..so if the EU starts QE it will impact the UK as well.
All that matters now is risk on and off..watch the correlation between the stock market and the currency markets. Today was up for the markets, and the pound is also up..previous days the markets were down and the pound was down.
I also think the BOE will start worrying about the EU/LB correlation and they KNOW just as the FED knows that too strong of a currency is a negative for the local economy..and the EU/LB is right at some serious 6-7 yr lows and that will not be good for the export business in the UK. It also is not good for the cost of oil and gas to residents.
I was able to add to my lb short over 180 on the day the election results didnt pan out and I exited that part and another I added for a profit down at 175 right here..so the burden is less than it was before which is nice.
I am considering the USD long, I dont see any other economy that is perceived to be as strong (which is funny actually) and Europe keeps not pulling the trigger which will stretch out the time frame of weakness for the Euro..and the pound tags along with Europe as they trade with the area and it effects their economy..and Japan unless something drastic happens is hip deep in the mess they are..so that looks weak.
The only thing that can derail the dollar is the market going down or data starting to go soft. The employment number today was a joke..it reminds me of the stock market..the reason the stock market is going up is due to float shrink..the reason the UE number is going down is due to float shrink..more people are OUT of the market than in like 30 yrs so of course the UE percent will be low, add that a high percentage of "jobs" added are low wrung jobs, how is that a positive for the economy?
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buck,
What are you doing with that Euro trade?
I was able to add to my lb short over 180 on the day the election results didnt pan out and I exited that part and another I added for a profit down at 175 right here..so the burden is less than it was before which is nice.
I am considering the USD long, I dont see any other economy that is perceived to be as strong (which is funny actually) and Europe keeps not pulling the trigger which will stretch out the time frame of weakness for the Euro..and the pound tags along with Europe as they trade with the area and it effects their economy..and Japan unless something drastic happens is hip deep in the mess they are..so that looks weak.
The only thing that can derail the dollar is the market going down or data starting to go soft. The employment number today was a joke..it reminds me of the stock market..the reason the stock market is going up is due to float shrink..the reason the UE number is going down is due to float shrink..more people are OUT of the market than in like 30 yrs so of course the UE percent will be low, add that a high percentage of "jobs" added are low wrung jobs, how is that a positive for the economy?
Im just in a holding pattern for now Wall..sorry I hadn't checked this site in a few days..still only have two lots though, not that deep of a hole at the moment with this little turn around the last few days.
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Im just in a holding pattern for now Wall..sorry I hadn't checked this site in a few days..still only have two lots though, not that deep of a hole at the moment with this little turn around the last few days.
I dont need that much..hell ill get out even if I can.I knew this had potential to drop before I jumped in, wish I had waited for 1.28s to enter I coulda added lower and been out today
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I dont need that much..hell ill get out even if I can.I knew this had potential to drop before I jumped in, wish I had waited for 1.28s to enter I coulda added lower and been out today
Yeah that worries me and thats why ive yet to pull the trigger for another add...you can make a case for my pair to go either way, though down is the most likely scenario. .we shall see
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Yeah that worries me and thats why ive yet to pull the trigger for another add...you can make a case for my pair to go either way, though down is the most likely scenario. .we shall see
If it were easy or cheap enough I would pack my bags and go to either UK or ireland. This country makes me sick. Everyone is CLASSIFIED as either a tree hugger or a southern right wing do gooder (these type I hate).
Wish I had grew up with better values... My parents were divorced when i was 8 and by 10 I was riding with my father to plant his weed. When with my mother her country boyfriend came first... Rich guy who worked really hard..
Anyway, I just hate how the rich now have control of everything right down to the dime and the working man can't get ahead... Still making 20 an hour after 30 years, no change. Yet Icahn can make 800 million in one exchange via netflix and using his money to force them to do what he wants. Doing the same thing with Ebay, and Apple and Nuance now. I piggyback on his moves because as with netflix... follow the money...
It is just out of hand that one guy can make so much money on a single transaction. Wouldn't be so bad had the pre reagan tax change were still in place. He would pay 62% on that 800 million vs 20%. The gov't is losing money, the worker has no writeoffs and a rich guy is making 20 times what he should in a year.
Going to drive us right into another recession in 5 years because nothing has changed at this level. THey attack with more ads, more CNBC (things are good)... Cramer making recommendations and the public believing him. THe worst thing is the 401K manipulation and raping of America...
To bad for all my family members... I bet many here have the same type... Believe anything they see on TV and think everyone is honest.
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If it were easy or cheap enough I would pack my bags and go to either UK or ireland. This country makes me sick. Everyone is CLASSIFIED as either a tree hugger or a southern right wing do gooder (these type I hate).
Wish I had grew up with better values... My parents were divorced when i was 8 and by 10 I was riding with my father to plant his weed. When with my mother her country boyfriend came first... Rich guy who worked really hard..
Anyway, I just hate how the rich now have control of everything right down to the dime and the working man can't get ahead... Still making 20 an hour after 30 years, no change. Yet Icahn can make 800 million in one exchange via netflix and using his money to force them to do what he wants. Doing the same thing with Ebay, and Apple and Nuance now. I piggyback on his moves because as with netflix... follow the money...
It is just out of hand that one guy can make so much money on a single transaction. Wouldn't be so bad had the pre reagan tax change were still in place. He would pay 62% on that 800 million vs 20%. The gov't is losing money, the worker has no writeoffs and a rich guy is making 20 times what he should in a year.
Going to drive us right into another recession in 5 years because nothing has changed at this level. THey attack with more ads, more CNBC (things are good)... Cramer making recommendations and the public believing him. THe worst thing is the 401K manipulation and raping of America...
To bad for all my family members... I bet many here have the same type... Believe anything they see on TV and think everyone is honest.
Always happens that way bro..just gotta be thankful the trade was a winner no matter the length of time..sure you might have missed out on some other trading opportunities but in the end u won..PERIOD I would like to see a bit more follow through on this move and we will both be lookin..
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Always happens that way bro..just gotta be thankful the trade was a winner no matter the length of time..sure you might have missed out on some other trading opportunities but in the end u won..PERIOD I would like to see a bit more follow through on this move and we will both be lookin..
I have an order to short the pair today, I think they weaken this phony market later today..not to go negative but weaken so maybe I could squeeze 30 out if I get my sell limit filled.
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I have an order to short the pair today, I think they weaken this phony market later today..not to go negative but weaken so maybe I could squeeze 30 out if I get my sell limit filled.
I have been 40 pip range trading the Yen lately..the last one took a few days as I was early on the entry but it worked out.
In the longer term I want to go long the US/Yen as I think it will go back to 110 and higher but in the midterm I would like a good entry so I am being cautious.
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So whats up trading wise?
I have been 40 pip range trading the Yen lately..the last one took a few days as I was early on the entry but it worked out.
In the longer term I want to go long the US/Yen as I think it will go back to 110 and higher but in the midterm I would like a good entry so I am being cautious.
Its been a bit more lively here recently. .I would be trading that LB/Jpy pair Wall, its moves have been awesome compared to how stagnant its been I agree on Us/Jpy though..
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Its been a bit more lively here recently. .I would be trading that LB/Jpy pair Wall, its moves have been awesome compared to how stagnant its been I agree on Us/Jpy though..
Well the issue with the LB.Yen is the higher margin requirement, plus it seems like I am fighting like 3 battles going short that thing..one is the Yen which has its own dynamics, the second is the USD since it pulls the Yen around and third is the Pound...which is pulled by the Euro markets..
It seems easier to track and control the US/Yen vs the LB although you are right about the moves..MUCH more movement, but I think the margin is like 50% higher, so I could do 1.5x the US/Yen at the same level I can on the LB.Yen and maybe have a better return?
Plus the spread on the two are largely different..they have the spread at FXCM (which I am very unhappy with) at like 2-3 tenths of a pip..but the LB.Yen is still 1.5 to 2 pips..
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Well the issue with the LB.Yen is the higher margin requirement, plus it seems like I am fighting like 3 battles going short that thing..one is the Yen which has its own dynamics, the second is the USD since it pulls the Yen around and third is the Pound...which is pulled by the Euro markets..
It seems easier to track and control the US/Yen vs the LB although you are right about the moves..MUCH more movement, but I think the margin is like 50% higher, so I could do 1.5x the US/Yen at the same level I can on the LB.Yen and maybe have a better return?
Plus the spread on the two are largely different..they have the spread at FXCM (which I am very unhappy with) at like 2-3 tenths of a pip..but the LB.Yen is still 1.5 to 2 pips..
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