EURUSD 6E Euro | Currency Futures


futures.io - futures trading strategies, market news, trading charts and platforms


Currency Futures


This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section




 

EURUSD 6E Euro

  #1644 (permalink)

Lake Michigan (Summer), N. Miami Beach (Winter)
 
Trading Experience: Advanced
Platform: TOS, Ninjatrader
Broker/Data: Tradeovate, TOS, Dorman
Favorite Futures: indices/currencies/interest rates/energies/metals/grains
 
Posts: 422 since Oct 2009
Thanks: 232 given, 730 received

Update #6

Some more groovy moon stuff from the esoteric mind of hedvig...
-----------------------------
***see attachment***

Daily Moon baby! Double top; will we rise into end of July?

'trade what you see'~~indeed!

I wanna kiss Merkel! She 'sealed' the deal.

Great commentary from my 'lifestyle slave' that does economic commentary; she is a good girl! It is in quotes below! Below the dashed line...this is from July 1st, 2012
----------------------------------
"The European Union is a creation of global elitists, the Bilderberg et al, in pursuit of their long-term goal of a world government. Whether this is a good thing or not depends in large part on whether politicians in positions of great power can be trusted to behave fairly and responsibly. In deciding if this is the case you have plenty of empirical evidence to assist you in making up your mind, based on their activities and antics of the past several years and their consequences for the global populace.

The core problem of the European Union, that has led to the major crisis that it now faces is that it is, or has been up to now structurally dysfunctional. When the European Union was created the levels of integration and cooperation necessary to make it run smoothly were simply not possible because the citizens and electorates of the individual states within it refused to cede sufficient sovereignty to achieve this, and many politicians were similarly inclined - it would take a "back to the wall" steadily intensifying crisis such as we have seen over the past several years to make them yield. Here we should note that many politicians in Europe are as much in the dark as those they rule with regard to the master plan of the elites, and they have dug their heels in defending what they view as their national interest, a prime example being Mrs Merkel of Germany - but the situation had become so extreme that she and others like her have finally been forced to give significant ground.

The kind of crisis that we have witnessed in Greece over the past several years would be unthinkable in the United States, which is, in comparison, truly united. Imagine say Alabama or Kentucky going bankrupt - would the rest of the country just stand by and watch and do nothing to assist? - of course not. This is why Thursday night's agreements were such a watershed - they represent a giant stride towards true union in Europe which should prevent individual states being abandoned to their fate in the future.

Once you grasp what is written in the paragraph above, and the markets certainly did yesterday, you will also understand that the immediate fiscal crisis in Europe is set to ease substantially, as the Union is now committed to step in to support bond markets to keep interest rates under control. THAT is the reason markets rallied so strongly yesterday and why the rally looks set to continue. Could this have been anticipated before last Thursday? - on the basis of precedent probably not, as there had been something like 18 European summits preceding this latest one which achieved little or nothing. The COTs and sentiment, however, did show extreme levels of pessimism that should have set more alarm bells ringing. We were of the view that the summit would probably achieve little and that we would see one last plunge into a low that would promote drastic action. Such did not prove to be the case. What we have repeatedly referred to as the “discordant buffoons” in the recent past showed a rare “cordancy” on Thursday night – perhaps simply because they to get the whole thing over with and get to bed. What about the fact that the debts and liabilities in Europe will turn out to be far in excess of the woefully inadequate €500bn war chest of the European Stability Mechanism? - that is a problem which they will attempt to solve by means the printing press, and when Europe gets printing in earnest, the US Fed is not going to be outdone. Now we come to the practical matter of how significant this reversal is. The short answer is very significant, as pressure will now come off the European bond markets - this is why the euro soared and the dollar tanked yesterday. With a major fundamental roadblock suddenly removed, the current COT structure in many markets and the extremely negative sentiment going into Thursday's momentous agreements have created the conditions for a really powerful rally."

peace & blessings pimps!

hedvig

Attached Thumbnails
EURUSD 6E Euro-daily-moon-magnitude.jpg  

Last edited by researcher247; July 3rd, 2012 at 02:40 PM.
Follow me on Twitter Visit my Facebook Reply With Quote
The following 2 users say Thank You to researcher247 for this post: