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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?

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Joost Volunteer 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 ;)

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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.

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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 :,)

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ZoomIt says

yeah.. what’s with the WW3 hype ?

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majd_abdul says

yeah.. what’s with the WW3 hype ?

Haven’t you heard? It’s between the New Axis of Evil led by Emperor S.Jobs, and the rest of the free world led by Flash-Man!

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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.

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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).

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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

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Firsh says

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

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