EURO H&S ...
Started by
ogm
, May 22 2013 08:19 PM
3 replies to this topic
#1
ogm
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Posted 22 May 2013 - 08:19 PM
YEN is in freefall, Euro is about to dump too. Good for the US dollar. I'm long dollar, short euro. Rising dollar will likely pressure oil too.
#2
SemiBizz
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Volume Dynamics Specialist
Posted 22 May 2013 - 08:23 PM
SEVERE TURBULENCE....
GBP/USD approaching 1.49s
NZD/USD pushing toward .79s
ACTION.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#3
PrintFaster
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Posted 22 May 2013 - 08:58 PM
Hilarious to see the same game played over and over.
Crude and copper plunge, and ES starts to U-Turn back upwards based on commodity weakness euphoria.
The consumer and homebuilders are all clapping and celebrating at the Fed's ability to push down key input costs by mere jawboning, over and over again. 
#4
ogm
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Posted 22 May 2013 - 09:07 PM
Hilarious to see the same game played over and over.
Crude and copper plunge, and ES starts to U-Turn back upwards based on commodity weakness euphoria.
The consumer and homebuilders are all clapping and celebrating at the Fed's ability to push down key input costs by mere jawboning, over and over again.
Consumer isn't celebrating dick. Have you seen Target earnings today ? If oil drops 20 bucks or so from here then it will matter. Otherwise this is all peanuts.
That said.. It may drop 20 bucks and I wouldn't be surprized a bit.
Copper is china play. Btw, look at lumber, hitting multi0month lows. Must be all that homebuilding demand
Rallying dollar is bad news for both copper and oil. On top of faultering global economy.
