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DOLLAR BREAKS....EURO AT 1.50
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AlreadyBugged
User ID: 797215
10/21/2009 2:40 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
The dollar against the Chinese Yuan is as steady as a boat on calm seas. No noticeable change in the last 6 months. They must be BUYING dollars like crazy to maintain their competitive export edge...
[link to www.ask.com]
Meanwhile, they are sacrificing their European market. And taking the European-rest of world share of the US market. Smart cookies.
[link to www.ask.com]
Last Edited by AlreadyBugged on 10/21/2009 at 2:49 PM
"It isn't about me bringing change, I am asking YOU to bring about change." Barack Obama |
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Anonymous Coward
User ID: 781270
10/21/2009 2:51 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
what happens if it gos below 70 Quoting: Anonymous Coward 799170
The seventh seal will be broken............come and see.  |
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Anonymous Coward
User ID: 744028
10/21/2009 2:55 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
The dollar against the Chinese Yuan is as steady as a boat on calm seas. No noticeable change in the last 6 months. They must be BUYING dollars like crazy to maintain their competitive export edge...
[ link to www.ask.com]
Meanwhile, they are sacrificing their European market. And taking the European-rest of world share of the US market. Smart cookies.
[ link to www.ask.com]
the yuan is pegged to the dollar by China and trades in a very tight range
they dont need to buy dollars as American market is fucked and trade flows exports are way down
China sells to rest of world |
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AlreadyBugged
User ID: 797215
10/21/2009 3:01 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
The dollar against the Chinese Yuan is as steady as a boat on calm seas. No noticeable change in the last 6 months. They must be BUYING dollars like crazy to maintain their competitive export edge...
[ link to www.ask.com]
Meanwhile, they are sacrificing their European market. And taking the European-rest of world share of the US market. Smart cookies.
[ link to www.ask.com]
the yuan is pegged to the dollar by China and trades in a very tight range
they dont need to buy dollars as American market is fucked and trade flows exports are way down
China sells to rest of world
The Yuan sure looks like its floating to me. I think you mean it is their policy to keep it in a tight range. But that means purchasing dollars on the intl financial markets to keep their Yuan low. Why do you think they have such huge dollar reserves? Of course they are in a tight spot to counter falling US disposible income. But look at the Euro/Yuan exchange, probably they are figuring (hoping) Euro consumers can afford higher costs, moreso than US consumers...
Last Edited by AlreadyBugged on 10/21/2009 at 3:12 PM
"It isn't about me bringing change, I am asking YOU to bring about change." Barack Obama |
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Anonymous Coward
User ID: 781270
10/21/2009 3:05 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Hear from a friend via text that 3 depositors have closed large accounts this AM and she is receiving texts from other branches that it's happening to them too!
Oh shit, is this a bank run? |
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Anonymous Coward
User ID: 745855
10/21/2009 3:06 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
I'm pulling every penny out of my bank.
This is a DISASTER waiting to happen. |
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Anonymous Coward
User ID: 782535
10/21/2009 3:10 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Let me see,
so first you make sure you manufacture a lot in the USA, hold a strong dollar, export much of your products and make the importing consumer pay for the expensive valuta rate.
Then you transfer most of your product lines out of the US, so you have to import your own goods, downgrade the dollar and make the US consumer pay extra for the imported stuff
Clever economists. Quoting: Ravan
:)  |
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TRADER.
User ID: 799128
10/21/2009 4:16 PM | |
Anonymous Coward
User ID: 789516
10/21/2009 4:20 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
nope, try again you stupid fuck.
You can't believe what has been held in front of your face |
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Anonymous Coward
User ID: 794625
10/21/2009 4:37 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Not real money and everyone else in th world is sick of our lying and printing the money when we mess up. No more credit for us........... |
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Anonymous Coward
User ID: 799466
10/21/2009 4:53 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Woo Hoo - cheap EBay stuff for us Europeans!
Canadians too. Sell sell sell America! Quoting: AlreadyBugged
Australians too! 93c to the dollar today! :) |
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AlreadyBugged
User ID: 797215
10/21/2009 5:23 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
central banks of the countries that depend on export try not to let it happen. For example, last week a group of Asian central banks carried out unprecedented intervention in the financial markets by actively buying American currency. Bank of Russia was not a passive observer either. According to experts’ evaluations, the bank purchased over three billion dollars.
"It isn't about me bringing change, I am asking YOU to bring about change." Barack Obama |
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Anonymous Coward
User ID: 799508
10/21/2009 5:31 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
I'm from Europe so I have to say... OWNAGE
Europe > USA |
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AlreadyBugged
User ID: 797215
10/21/2009 5:31 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
But many experts think that as soon as the US announces the raise of interest rates, American currency will stop falling and even start growing. When is it going to happen?
Ben Bernanke, the Chairman of the United States Federal Reserve evades the answer. All he says is that this will happen when the US is sure of stable growth. On Tuesday investors discussed information obtained from the US official sources that the Federal Reserve will start raising interest rates no earlier than the second half of the next year.
There it is in case you didnt know. This is official US policy to weaken the dollar until the US is sure of stable growth. Look at GDP numbers by sector (not stock markets) to see when/if the corner is turned.
"It isn't about me bringing change, I am asking YOU to bring about change." Barack Obama |
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Anonymous Coward
User ID: 423573
10/21/2009 5:43 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
what happens if it gos below 70 Quoting: Anonymous Coward 799170
good question - defend or not defend
inflation pays debt back faster.... |
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Anonymous Coward
User ID: 781230
10/21/2009 5:46 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
We are in the lips of the truck sliding on the water of life, because eating is more than an sign of life. But then again that isn't true for grandma or the chips by the peach factory. |
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Anonymous Coward
User ID: 607707
10/21/2009 5:57 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Then you transfer most of your product lines out of the US, so you have to import your own goods, downgrade the dollar and make the US consumer pay extra for the imported stuff
Clever economists. Quoting: Ravan
With cap & trade most big mfg. companies will continue to move their mfg production overseas...is this correct? |
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AlreadyBugged
User ID: 797215
10/21/2009 6:07 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Then you transfer most of your product lines out of the US, so you have to import your own goods, downgrade the dollar and make the US consumer pay extra for the imported stuff
Clever economists.
With cap & trade most big mfg. companies will continue to move their mfg production overseas...is this correct? Quoting: Anonymous Coward 607707
Possibly. But if there is a major multinational agreement there will be no place for corps to hide...
"It isn't about me bringing change, I am asking YOU to bring about change." Barack Obama |
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Anonymous Coward
User ID: 661844
10/21/2009 8:38 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Let me see,
so first you make sure you manufacture a lot in the USA, hold a strong dollar, export much of your products and make the importing consumer pay for the expensive valuta rate.
Then you transfer most of your product lines out of the US, so you have to import your own goods, downgrade the dollar and make the US consumer pay extra for the imported stuff
Clever economists. Quoting: Ravan
When you go to that much trouble, I'd say yes they are very, very clever. It's all by design, the plan is working perfectly, they have raped the entire wealth of the country.
There is nothing anyone can do. It's done and gone already.
Everything from now on including headlines such as
"WHITE HOUSE MASTER TO SLASH EXEC PAY by 90%" is just a dog and pony show . . .
There is nothing left to pay, they have taken it all already.
And it's their intention already to leave. . .
They have all raped the system completely dry. |
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Anonymous Coward
User ID: 799567
10/21/2009 8:41 PM | |
Anonymous Coward
User ID: 523714
10/21/2009 8:59 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
72 is big support...that goes then yeah nothing but air below Quoting: zephyr
QFT |
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Anonymous Coward
User ID: 799343
10/28/2009 12:23 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Nice.
I can short the euro down to 1.475 now, been waiting for this for quite a few days now. Quoting: Anonymous Coward 799343
Once again i got it right. And now it will even hit 1.46 before the week is over. |
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Anonymous Coward
User ID: 457415
10/28/2009 12:27 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Nice.
I can short the euro down to 1.475 now, been waiting for this for quite a few days now.
Once again i got it right. And now it will even hit 1.46 before the week is over. Quoting: Anonymous Coward 799343
How did you get it right? You've been wrong since 86 on the US Index. |
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Apoc
User ID: 751255
10/28/2009 12:39 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
im thinking about buying euros its the only currency thats going to be worth it.. what do u guys think? |
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GlassPearls 
GlassPearls
User ID: 613866
10/28/2009 12:40 PM
 | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
Nice.
I can short the euro down to 1.475 now, been waiting for this for quite a few days now.
Once again i got it right. And now it will even hit 1.46 before the week is over.
How did you get it right? You've been wrong since 86 on the US Index. Quoting: Anonymous Coward 457415
LOL! Details, details. |
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Anonymous Coward
User ID: 776606
10/28/2009 12:42 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
On CNBC right now....will get you a link. Quoting: BLACKOUT DRIVE 780030
The Euro is DOWN to $1.47.
Oil is down over $2.
The Dollar is UP past 76.
Gold is rapidly approaching $1000 on a downslide.
ALL of this info is easily available to anyone. |
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Anonymous Coward
User ID: 799343
10/28/2009 12:50 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
How did you get it right? You've been wrong since 86 on the US Index. Quoting: Anonymous Coward 457415
I'm talking about EUR/USD. I was short with a first target at 1.4750 and was right and I'm still short, next target is 1.4600. |
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BLACKOUT DRIVE
User ID: 799370
10/28/2009 12:53 PM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
I thinks stella might have called it last night that gold might touch 1030 and the spike after the Treasury this week.
We shall see... |
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Anonymous Coward
User ID: 712289
10/28/2009 1:44 PM | |
Anonymous Coward
User ID: 809331
11/3/2009 8:02 AM | | Re: DOLLAR BREAKS....EURO AT 1.50 | Quote |
I'm talking about EUR/USD. I was short with a first target at 1.4750 and was right and I'm still short, next target is 1.4600. Quoting: Anonymous Coward 799343
I was right again, its almost there now. I took my profits already because the next move is a bounce up into the 1.48 region again. From there it can be shorted safely again. |
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