Thursday, September 30, 2010

We are in the midst of an international currency war

Are we heading for a replay of 1930s?

Is this not the 1930s in redux, and therefore a threat to global stability more profound and imminent than any of the more usually identified hazards of international terrorism, nuclear proliferation and the scramble for scarce resources?

Posted by devo @ 07:28 PM (1002 views)
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4 thoughts on “We are in the midst of an international currency war

  • Still fancy the USdollar techie?

    Terrorism, terrorists. terror?

    It’s time to wave Elliott off.

    Reply
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  • Ah, serenity.

    For how much longer Barry?

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  • Still fancy the USdollar techie? – yep! have posted a few pics that you could have looked at to explain why, although its probably not done on the downside yet . btw am actually long Eur/ usd @ around 1.3333, and did say was looking for 1.60 – 1.61 ish on cable.

    Here is a pic for you:

    http://www.elliottwaveforex.com/wp-content/uploads/2010/09/cli.usdinx28sep10daily.jpg if 74.18 gets breached on the cash dollar index then i might then concede. mind you even if it does we will probably have a move back up first.

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  • Thank you techie. Some swings to come yet as there is a lot of money still short on euro.

    All the best.

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