Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
Anyway, as the Double EURUSD chart argues, the move is in consolidation zone. But the importrant thing about the USDX dojis and EURUSD sub 1.40 break on Fri was technical confirmation of a fundamental occurce that took part yesterday.
Ashraf
And before that, +5 hr non-stop FX coverage on twitter, holding your hand through Goldman earnings & the PBOC as well as some aggressive calls in AUDUSD AUDJPY GBPUSD.. It's all in the Twitter stream.
No one does it like we do
Ashraf
which doesn't yet touch 300 Million Chinese but chokes 1 bln Chinese.
In fact China did quantitative easing all the time . As it turns out now the peg to the USD was and still is their biggest mistake.
possibly the problem ist the same as in Eurozone. Politics is clueless so the responsibility for economy is dumped onto the central bank. Now Geithner has just stated what came to mind from nowhere nope boyz we don't want the dollar to devaluate. So they thought hey could be
they have a plan, after all. Of course as long as US industries outsource workload to China and Mexico and so on, the unemployment will not improve. Thus the problem is not primarily Wall St. it is the outsourcing of industrial production. Of course there is a solution: small is beautiful.
des fois
des crises de foix
j'en ai eu des fois
french catalan humor