USD, how low!!!

Didn't Tony Blair sign them up to pay 30 Million each year {to the EU} as some sort of dues? Total d. bag.

 

For those interested, the USD has made a small rally after failing to hit 1.5000

Bear in mind though that at 8am EST Fed. Gov. Kohn made comments that sound like an interest rate cut is surefire next month. This could present a good Euro buying opportunity for those Euro bulls.

Also, note that the USD has done very well against the Canadian dollar recently as oil prices have failed to hit $100/barrel

EUR/USD chart is 5min candles
CAD/USD chart is 4hr candles
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So what, as far as the elite/globalists are concerned. Who says the UK won't eventually?

 

Just answer the question please. It is because they don't want to prop up weaker economies. Why should/would we?

Simple terms:
3 Pizza joints open.

Pizza Place 1 has been getting more and more sales over the past few years due to their superior product
Pizza Place 2 has had very consistent sales that have grown each year and also offer a superior product
Pizza Place 3 is infested with rats and has trouble selling pizza

Why would place 1 and 2 get together and say, "Hey, I think we need some more rats." ?

And no, this isn't a moral debate either because what *should* happen is a lot different than what does happen in the real world. Business is business.

 

Apparently the UK is a part of the EU, they signed on {see 30 million pounds/ year} for trade reasons and are a part of the "common market".

Other than that almost no stores will accept Euros and the English want to keep their history, image and culture separate from Europe.

 

I'm telling you the truth. It isn't about what makes sense as far as these guys are concerned. It's about the elite and their quest for power. The NAU is part of it. Read up on it, don't take my word for it.

 

You are 100% correct about it being about power. We are more powerful without integrating Mexico's substandard (comparatively) economy.

 

Just a guess: because they are a net exporter of oil. This is changing as production declines. When they start to become a serious importer of oil, they will convert to the Euro.

 

Yes, they just might do that. The point I was trying to get across to our young SrfCity is that the UK hasn't done it because it is of NO ADVANTAGE to them at this point just like it is of no advantage for Canada and the U.S. to be Mexico's crutch at their own expense.

 

The UK joined the EU, or EC as it was called back then, in 1973.

Concerning the euro, the UK was one of the "old" EU-countries that did not adopt it. The others were Sweden and Denmark. As for their reasons, I think it's mostly about popular scepticism towards the EU, but there were probably economic issues behind it as well.

 

Yeah, 1.23 was a no-brainer, the only currency declining against the dollar on the planet, wasn't gonna last. Sort of an arbitrage play, closed positions at 1.09 last week after the retracement from 107.00. Long jpy again at 111.30 (short usd/jpy).

 

Did you enter that position earlier today or last week? Also, did you enter that as a spot position or via the CME?

You should consider subscribing so you can access the business and investments private forum here on Fchat.

 

I took that short (usd/jpy) spot position in Jul and just unwound a week ago. I typically hold for a while unless things change. I will subscribe, I guess it's time.

 

That was very solid even if you didn't get into the trade until the end of the month. I hope you participate in the Business and Investments trading thread!