What can you say-So many want to argue and oil surplus is a good thing for the $USD –
I’ve made plenty shorting the Dollar lately- A surplus according to OPEC is now a super Surplus and a watered down Petro Dollar ($USD) makes me think a pretty little empire is falling-
“With a fascist the problem is never how best to present the truth to the public but how best to use the news to deceive the public into giving the fascist and his group more money or more power.”
Because unceasingly we are bombarded with pseudo-realities manufactured by very sophisticated people using very sophisticated electronic mechanisms. I do not distrust their motives; I distrust their power. They have a lot of it. And it is an astonishing power: that of creating whole universes, universes of the mind. I ought to know. I do the same thing.”
“It looks too early for the ECB to take a final decision and we expect no sovereign QE announcement at the 4 December meeting-”
A loosening of TLTRO conditions would suggest that the ECB’s strategy remains mostly focused on credit easing-
“ECB Executive Board member has said this weekend that she saw little room for further easing of monetary policy despite a further fall in Eurozone inflation” $EUR/USD capitulation will need to be USD-led
- Mario Draghi, president of the European Central Bank, seems to be in no hurry to implement a policy of quantitative easing. He doesn’t seem to have much optimism that it will work.
- Mr. Draghi is more set in urging other members of the eurozone to create a fiscal union, stating that it would do more to combat fears of monetary union breaking up
Germany, the largest economy in the eurozone, only has an unemployment rate of 4.9 percent
As always the trend isn’t your friend-Watch your charts! This thing is Oversold……
$EURUSD Staying Long for the LONGER term but today Draghi came out with his Stimulus Flaming…..and the market is reacting-124.65 makes me nervous……So watch your charts!
EUR Euro-Zone Economic Confidence (NOV) 100.8 higher than expected & previous
Eurozone Money Supply is stable-in check!
EUR Euro-Zone Consumer Confidence-Same!
EUR Euro-Zone Business Climate Indicator (NOV) RAWKED!
Germany‘s unemployment stayed the same
EUR German GfK Consumer Confidence Survey (DEC) High!
“OPEC oil is exclusively quoted in US dollars.”
The Elite don’t want us to Panic over the Oil Surplus…Listening to this pre-OPEC meeting, mister sounds like he’s got a gun to his head talking about the Oil market hot mess…..
To summarize , ipso facto, those least suited to do it. OPEC Oil Cartel fucked themselves.
Dollar has been at all time highs-It CAN’T stay there-The US needs to raise Inflation, we are raising inflation, THIS is VERY VERY real……
Hot mouth Comments from the ECB about a ‘maybe’ Stimulus last week that were so irresponsible are not real.
And comments later on started to show maybe the Big Boys were getting ready to dump the dollar at a high price-
YESTERDAY “European Commission President Juncker said a $380 billion stimulus is needed to restore the European Union’s economy” –“The proposal will be discussed by the 28 EU leaders at the Dec. 18-19 summit.”
Germany is doing well-This should delay ANY more talks of a Stimulus….
Regardless the Dollar is still very very much shit. Watered down and abused-
–Oil prices are expected to tumble further if the OPEC members cannot agree on a reduction in global production.
–Oil prices have been falling because of abundant supply as the US produces more shale oil
War is Profit’-I guess the murderers of the world over did it….. #OBAMA #CHENEY #BUSH #CLINTON #KERRY and friends…..
At best The Daily, and the Weekly are oversold: With everything happening against the Dollar IMO I’m staying Long-