UPDATE-More on the Long side but you can make money shorting-Just be comfortable with your charts- ADX seems to be a decent indicator-RSI obviously- BB- Sars..
$EURUSD Staying Long for the LONGER term was Right-The Dollar is still a piece of shit. And we have a Surplus of Oil
Keep an eye on Draghi comments next week
now….I broke my own rule-BLOCK OUT THE NOISE…….We’ll probably have a better short position next week when Draghi throws another tantrum-
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-
UPDATE: “The proposal will be discussed by the 28 EU leaders at the Dec. 18-19 summit.” That’s a long time away-So now we have a rumored stimulus that wont even be discussed for another month…..
$EURUSD Reasons to stay long-I’ll keep updating this evening-
ECB Stimulus is only a rumor– The EC President said today a “$380 billion stimulus is needed to restore the European Union’s economy” And we had a freak out flush-THEN people remember how to control emotions (NONE of you follow the most basic rule, you claim) And as a Female Trader I can tell you, a lot of you cry-
-Germany data came out positive & Confidence is high, their economy makes a great impact on the $EURO-that should delay anymore real talk of a stimulus and diluting.”
-Dollar index extends losses on weak U.S. data
-Dollar weakens against rivals after consumer-confidence data
-Dollar falls against rivals on weak home-sales data
–“Oil futures slumped to their lowest close in more than four years”
-OPEC OPEC OPEC
-The $USD was watered down with the $Oil.
Oil men are the worst-Shysters………