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Posts by "cat0nip"
1999 Posts Total by "cat0nip":
72
Posts by Anonymous "cat0nip":
misleading in currency and commodities trading. There is no "psychology" at work at all only "zero intelligence" , that is, algorithmic trading.
low liquidity. Thus USDx dropped hard. I think this is serious. The idea some posed that US could default on UST if budget is not approved and debt ceiling not lifted may be not too far fetched. But why would then someone buy Euro? The EFSF/EMF is the same stuff it isn't funded at all. Basically all bailouts were the same as QE under another name, just a kind of security promise, but no capital behind. Only hot air.
if you understand topology you will understand how the bot works. Bothersome is that an interface for automatic trade entries costs 500 USD per month. Plus 1000 one time charge.
But fundamentally a rte hike in June/July and more to 1.5% are priced in. USDx suffers somewhat from struggling on debt ceiling. Although it is a proven fact that everything goes well when govt is shut down.
I said here a while ago I don't trade oil but am long in gasoline and heating oil and gasoil ( diesel) futures ... I don't have to be a prophet
Each and every opportunity for Portugal and Spain to become a competitive economy had been
deliberately destroyed by Germany and France. Greece's economy is tourism industry, period.