1829 posts Time is what you desire most, but waste carelessly.
  • Author Level 9
  • Elite Author
  • Exclusive Author
  • Trendsetter
+9 more
Firsh
says

I’m watching this fall in these days (set to 5H or daily):

http://www.forexpros.com/currencies/eur-usd-advanced-chart

Got some money in USD that I wish to use this year probably.. Does anybody with some forex background know if this fall is going to continue? I believe we are after some rising of the euro (since june this year remember when it was below 1.2!!) now it’s dollar’s time again, I hope :D But what I hope doesn’t matter. Anyone got an opinion?

3875 posts Community Moderator
  • Weekly Top Seller
  • Moderator
  • Tuts+ Instructor
  • Netherlands
+10 more
Joost
Moderator
says

I guess times are difficult for the ForEx industry, especially with this whole fuss around Ireland and perhaps Spains and Portugal soon.. :o It could very well swing both ways, really.

But then again, I’m basing my opinion on ECON101 , maybe the mr. bigshots up in their ivory towers can predict the future more accurately – heck, they might even have inside knowledge ;)

8176 posts
  • Author Level 6
  • Trendsetter
  • Weekly Top Seller
  • Community Superstar
+8 more
doru
says

now it’s dollar’s time again, I hope :D But what I hope doesn’t matter. Anyone got an opinion?

no dollar time my friend, is the WWIII era now.

1829 posts Time is what you desire most, but waste carelessly.
  • Author Level 9
  • Elite Author
  • Exclusive Author
  • Trendsetter
+9 more
Firsh
says


now it’s dollar’s time again, I hope :D But what I hope doesn’t matter. Anyone got an opinion?
no dollar time my friend, is the WWIII era now.

What WW3 ? I’m not very well kept updated with the world but I don’t see no WW3 coming :,)

1744 posts Building the Web.
  • Top Monthly Author
  • Trendsetter
  • Weekly Top Seller
  • Beta Tester
+10 more
ZoomIt
says

yeah.. what’s with the WW3 hype ?

8176 posts
  • Author Level 6
  • Trendsetter
  • Weekly Top Seller
  • Community Superstar
+8 more
doru
says

What WW3 ? I’m not very well kept updated with the world but I don’t see no WW3 coming :,)

Let’s hope I’m wrong.

698 posts Fuel Your Web
  • Trendsetter
  • Weekly Top Seller
  • Elite Author
  • Winner
+6 more
Pirenko
says

China wants to rule the world and they are making everything to keep the dollar value down, because the yuan is still pegged with USD . This way their products/exportations are cheaper and they still buy oil and other commodities at the same relative price.
With all this finantial crisis I think that the dollar value will stay low until something happens in China or when they start losing influence on the global market (I don’t see this happening).

8176 posts
  • Author Level 6
  • Trendsetter
  • Weekly Top Seller
  • Community Superstar
+8 more
doru
says

China wants to rule the world and they are making everything to keep the dollar value down, because the yuan is still pegged with USD . This way their products/exportations are cheaper and they still buy oil and other commodities at the same relative price.

This can one point of view, another one could be :) :

Entity A has a lot of debt, a lot of money to give to Entity B. There are two option. One is to pay the debt at a great sacrifice. Second is to eliminate Entity B and make the debt disappear.

Entity B may chose to not want the money back, but just to ask from time to time for heavy favours. Entity A will definitely do not like this, as no one likes to be controlled by someone else. Then again it may chose to eliminate Entity B and continue with his life.

But first, Entity A needs a reason, so no one can accuse him after.

Just basic criminal psychology applied on international level. :D :P

1829 posts Time is what you desire most, but waste carelessly.
  • Author Level 9
  • Elite Author
  • Exclusive Author
  • Trendsetter
+9 more
Firsh
says

Who is entity A and B? And by eliminating why is it good for A? It can take whatever it wants freely?

1665 posts
  • Trendsetter
  • Weekly Top Seller
  • Winner
  • Featured Author
+10 more
flashedge
says

I sold some mini lots of EURUSD . It should hopefully drop like a rock. :)

by
by
by
by
by
by