I hope so. Got in at 25. Having fun here, brother?

EURUSD

image Spike after dovish UK inflation report and BoE governor comment followed by EUR slide due to French and Italian bank shares drop. Also rumors France will be downgraded.

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Aug 10, 5:30am EST: The BoE Governor Mervin King: "we can carry out more asset purchases but this is not for today"

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U.S. Federal Reserve pledged in its FOMC statement to hold rates at record lows at least till 2013. Stocks up, USD down across the board, especially against CHF (USD/CHF low 0.7070, EUR/CHF low 1.0070)

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worldradio.ch Tuesday, 9 August, 2011, 09:39 Bern opts against currency measures The Swiss federal government is opposed to intervening to curb the high value of the franc. The seven-person cabinet decided at a special meeting on Monday that it ...

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The ECB has been buying Italian and Spanish bonds on Monday-Tuesday. "It was an important and welcome signal and brought short-term relief to markets," said Tobias Blattner, analyst at Daiwa Capital Markets, in a note. But with Italy and Spain's ...

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..through people making decisions about capital flow.

The Bigger Picture Fundamentals and Resources

(Reuters) - Doubts are growing in the German government that Italy could be rescued by the European emergency fund, even if the fund were to be tripled in size, according to the German newsmagazine Der Spiegel.

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Much appreciated. Thanks!

Identifying Market Swings - Medium and Long Term Trading

Fundamentals don't move markets, capital flows do. Capital flows into better risk adjusted yields. Higher yields are normally offered by healthier economies but during times when risks outweigh yields capital flows back into lower yeilding but safer ...

The Bigger Picture Fundamentals and Resources

Well, they didn't downgrade US to Greece's rating which is CC or CCC. And actually I support this decision. I see it as a game between rating agencies and white house and I'm on S&P side this time.

S&P Downgrades U.S. Debt Rating

I'm still planning to read it someday, but now mostly busy with news.

Identifying Market Swings - Medium and Long Term Trading

My apologies, English is not my native language. People are always concerned about losing their money. Or I'd say capitals tend to flow into higher yielding assets adjusted for risk. This is the ultimate long term driver of currency movements. ...

The only safe haven?

Anything is possible in 5 years. But yes, I agree that dollar is gradually losing it's reserve currency status.

S&P Downgrades U.S. Debt Rating

Btw, good news for those who shorted treasuries on Friday. Maybe even surprise for some.

S&P Downgrades U.S. Debt Rating

US cannot be in a worse state than Greece because they issue their own currency which also happens to be a world reserve currency.

S&P Downgrades U.S. Debt Rating

US is downgraded by S&P to AA+. Guess where will be gold after weekend?

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You forgot Jesse Livermore. Oh, actually he's not a good guy, he crashed the stock market a few times.

US Debt Ceiling Crisis Thread

image The euro spiked to a session high Friday against the dollar after a Reuters report that the ECB was ready to step in and buy Italian debt if the country commits to specific reforms. Reports say Italy has agreed.

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