Euro Up 90 Pips Already!

[DropItLikeItsHot]

Obama win is PUSHING the Euro, can't wait to see the stock market tomorrow

Now lets get the RV PUSHED thru

DropItLikeItsHot GO RV

[Northern Lights]

Why would this be good? Not understanding, is it because the uncertainty is no longer there?

[easyrider]

Why would this be good? Not understanding, is it because the uncertainty is no longer there?

me too not understanding why this would be a good thing and how this benefits europe in anyway.

[WallyWeaver]

Why would this be good? Not understanding, is it because the uncertainty is no longer there?

It means the Fed's open ended QE policy (QE to infinity) is guaranteed to continue (if Romney would've won there were doubts about what he was going to do with the Fed. Many of his statements pointed to him being hawkish on monetary policy). Which, of course, means the USD is now guaranteed to move to the 72.00 and below range on the Ice Dollar Index.

The stock market will rise because the ONLY reason it is up as high as it is is because of liquidity ("easy" money). If the Fed were to stop QE tomorrow and announce there would be no more QE the Dow would plummet below 6,000 points.

This is also an excellent time for gold/ silver traders. I expect gold to now be over $1900/ oz. before the year is over.

The bottom line is: with 4 more years of Obama the death of the USD will be swift. Which of course means, because the Euro is the major currency pair to the USD, as the USD goes down, the Euro goes up.

WW.

[DropItLikeItsHot]

Why would this be good? Not understanding, is it because the uncertainty is no longer there?

Yepper, kinda goes like this,

European stock market influences US stock manket and visa versa

Democrats in office push up US market, I don't ask why, thats just what happens,

But get this when our Stock Market goes up our dollar falls, SO PLAY THE EURO LONG !!! Gonna be 200 ++ Pip day today

DropItLikeItsHot GO RV

Well said Wally you beat me to the post

[Northern Lights]

So invest in the euro?

[DropItLikeItsHot]

So invest in the euro?

Didn't say that, but if you have a FOREX account Long it today. The Euro is in trouble, but Ride the Wave when you can!

DropItLikeItsHot GO RV

[rightsonword]

It means the Fed's open ended QE policy (QE to infinity) is guaranteed to continue (if Romney would've won there were doubts about what he was going to do with the Fed. Many of his statements pointed to him being hawkish on monetary policy). Which, of course, means the USD is now guaranteed to move to the 72.00 and below range on the Ice Dollar Index.

The stock market will rise because the ONLY reason it is up as high as it is is because of liquidity ("easy" money). If the Fed were to stop QE tomorrow and announce there would be no more QE the Dow would plummet below 6,000 points.

This is also an excellent time for gold/ silver traders. I expect gold to now be over $1900/ oz. before the year is over.

The bottom line is: with 4 more years of Obama the death of the USD will be swift. Which of course means, because the Euro is the major currency pair to the USD, as the USD goes down, the Euro goes up.

WW.

Pretty sure Romney never said anything that hinted he was serious about anything change concerning the FED.

[WallyWeaver]

Pretty sure Romney never said anything that hinted he was serious about anything change concerning the FED.

August 23, 2012, 2:57 PM

Romney Reiterates He Would Replace Bernanke

By Colleen McCain Nelson

Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke, dismissing the advice of a top adviser who suggested this week that the chairman should be considered for a third term.

The presumptive Republican nominee told the Fox Business Network that as president, he would want to install someone new in the Federal Reserve post. Mr. Bernanke’s term ends in January 2014.

On Tuesday, Glenn Hubbard, a top economic adviser to Mr. Romney, told Reuters TV that Mr. Bernanke should “get every consideration” to stay on at the Federal Reserve, calling the chairman a “model technocrat” and saying that he deserves a pat on the back.

The Fed chief hasn’t said publicly whether he would want a third four-year term, but many of his acquaintances believe he wouldn’t. A Fed spokesman declined to comment.

Mr. Romney said he appreciates the counsel of Mr. Hubbard and others but reiterated his plans to replace Mr. Bernanke. He declined to say whether Mr. Hubbard, whom he called a wonderful economic adviser, might be a candidate for the job. Many people would be considered, he said.

In the interview, Mr. Romney offered few specifics about his plans going forward to address the fiscal cliff and to implement tax reform. The president should work with Congress and “make sure we do not have a cliff,” Mr. Romney said of the automatic tax increases and spending cuts set to take effect at the end of the year.

Link: http://blogs.wsj.com...place-bernanke/

Romney Threatens Pimco’s Gross With Bernanke-Dumping Plan

By Ben Bain and Eric Martin - Nov 5, 2012 11:43 AM PT

Mitt Romney’s pledge to dump Federal Reserve Chairman Ben S. Bernanke is threatening Bill Gross with losses on his Mexican bonds.

Yields on peso bonds due in 2024 fell 1.04 percentage points this year to 5.62 percent as the Fed’s effort to suppress borrowing costs at record lows caused fixed-income investors to pile into the debt to boost returns. Gross’s Pacific Investment Management Co., the biggest holder of the notes, called Mexican debt one if its favorites Oct. 3, three months after he said he preferred them over German bunds. Mexican bonds returned 19.2 percent this year through last week, twice the average foremerging markets.

Romney, the Republican Party candidate in tomorrow’s U.S. presidential election, has vowed to replace Bernanke when his term ends in January 2014 because “the amount of currency that he’s created” with his purchases of Treasuries and other debt securities have failed to create jobs. Bank of America Corp. says that a Romney win could spark a selloff in Treasuries that will be mirrored in Mexican notes, the most correlated to U.S. government bonds of any debt in Latin America.

“They’ll want a much tighter monetary policy, removing a lot of these accommodative measures which Bernanke has been putting in place, so that’s negative for Treasuries in the short term,” Kevin Daly, who helps oversee about $10 billion of emerging-market debt at Aberdeen Asset Management Plc, said by telephone from London. “The initial reaction to Treasury yields going up is that Mexican peso bond yields could go higher too.”

Link: http://www.bloomberg...ico-credit.html

If Romney Wins, Expect the End of Quantitative Easing

By: Gary Dorsch | Tue, Oct 16, 2012

It's been nearly eight years, since Fed chief Ben Bernanke told the Senate Banking Committee at his confirmation hearing, that "with respect to monetary policy, I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority." The former Princeton University professor who served as a Fed governor from August 2002 to June 2005 before accepting the post as President George W. Bush's top economic adviser, also pledged, "I will be strictly independent of all political influences," Bernanke said.

History will show that Bernanke did follow in the footsteps of his mentor for the first 3-½ years of his tenure. The infamous "Greenspan Put," or the knee-jerk reaction by the Fed to rescue the stock market whenever risky bets went sour, - through massive injections of liquidity and reductions in interest rates, - was seamlessly replaced by the "Bernanke Put." Since Bernanke gained control over the money spigots, the Fed continued to expand the MZM money supply by +65% to a record $11.3-trillion today. That's an increase of about +9.4% per year, on average. The yellow metal never traded a nickel lower since Mr Bush tapped Bernanke to become the next Fed chief in Nov 2005, when the price of Gold was $468 /oz. Today, Gold is hovering around $1,735 /oz, up +370% for an annualized gain of +57%, - highlighting the most devastating blow to the purchasing power of the US-dollar of all-time.

Following the stock market crash of 2008, Bernanke decided to take US-monetary policy down a very dangerous path that his predecessor had never explored. Bernanke experimented with the nuclear options of central banking, - unleashing powerful weapons for the first time in the US, such as "Quantitative Easing," (QE), the Zero Interest Rate Policy (ZIRP), and "Operation Twist." These weapons were forcefully deployed in order to artificially re-inflate the value of the US-stock market, and in turn, help to boost President Barack Obama's chances at winning re-election. Bernanke borrowed the blueprints of the Bank of Japan, - the original pioneer in QE and ZIRP, dating back to March of 2001. The Fed was able to engineer a doubling of the S&P-500's market value in just three-years, for a gain of $7-trillion, from the bottom of the brutal Bear market that came to a merciful end in March of 2009.

Link:

http://www.safehaven...titative-easing

These are just a few of many, many articles written on this. As a trader myself I considered this as common knowledge. Guess I should've provided a little more evidence.

WW.

[rightsonword]

August 23, 2012, 2:57 PM

Romney Reiterates He Would Replace Bernanke

By Colleen McCain Nelson

Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke, dismissing the advice of a top adviser who suggested this week that the chairman should be considered for a third term.

The presumptive Republican nominee told the Fox Business Network that as president, he would want to install someone new in the Federal Reserve post. Mr. Bernanke’s term ends in January 2014.

On Tuesday, Glenn Hubbard, a top economic adviser to Mr. Romney, told Reuters TV that Mr. Bernanke should “get every consideration” to stay on at the Federal Reserve, calling the chairman a “model technocrat” and saying that he deserves a pat on the back.

The Fed chief hasn’t said publicly whether he would want a third four-year term, but many of his acquaintances believe he wouldn’t. A Fed spokesman declined to comment.

Mr. Romney said he appreciates the counsel of Mr. Hubbard and others but reiterated his plans to replace Mr. Bernanke. He declined to say whether Mr. Hubbard, whom he called a wonderful economic adviser, might be a candidate for the job. Many people would be considered, he said.

In the interview, Mr. Romney offered few specifics about his plans going forward to address the fiscal cliff and to implement tax reform. The president should work with Congress and “make sure we do not have a cliff,” Mr. Romney said of the automatic tax increases and spending cuts set to take effect at the end of the year.

Link: http://blogs.wsj.com...place-bernanke/

Romney Threatens Pimco’s Gross With Bernanke-Dumping Plan

By Ben Bain and Eric Martin - Nov 5, 2012 11:43 AM PT

Mitt Romney’s pledge to dump Federal Reserve Chairman Ben S. Bernanke is threatening Bill Gross with losses on his Mexican bonds.

Yields on peso bonds due in 2024 fell 1.04 percentage points this year to 5.62 percent as the Fed’s effort to suppress borrowing costs at record lows caused fixed-income investors to pile into the debt to boost returns. Gross’s Pacific Investment Management Co., the biggest holder of the notes, called Mexican debt one if its favorites Oct. 3, three months after he said he preferred them over German bunds. Mexican bonds returned 19.2 percent this year through last week, twice the average foremerging markets.

Romney, the Republican Party candidate in tomorrow’s U.S. presidential election, has vowed to replace Bernanke when his term ends in January 2014 because “the amount of currency that he’s created” with his purchases of Treasuries and other debt securities have failed to create jobs. Bank of America Corp. says that a Romney win could spark a selloff in Treasuries that will be mirrored in Mexican notes, the most correlated to U.S. government bonds of any debt in Latin America.

“They’ll want a much tighter monetary policy, removing a lot of these accommodative measures which Bernanke has been putting in place, so that’s negative for Treasuries in the short term,” Kevin Daly, who helps oversee about $10 billion of emerging-market debt at Aberdeen Asset Management Plc, said by telephone from London. “The initial reaction to Treasury yields going up is that Mexican peso bond yields could go higher too.”

Link: http://www.bloomberg...ico-credit.html

If Romney Wins, Expect the End of Quantitative Easing

By: Gary Dorsch | Tue, Oct 16, 2012

It's been nearly eight years, since Fed chief Ben Bernanke told the Senate Banking Committee at his confirmation hearing, that "with respect to monetary policy, I will make continuity with the policies and policy strategies of the Greenspan Fed a top priority." The former Princeton University professor who served as a Fed governor from August 2002 to June 2005 before accepting the post as President George W. Bush's top economic adviser, also pledged, "I will be strictly independent of all political influences," Bernanke said.

History will show that Bernanke did follow in the footsteps of his mentor for the first 3-½ years of his tenure. The infamous "Greenspan Put," or the knee-jerk reaction by the Fed to rescue the stock market whenever risky bets went sour, - through massive injections of liquidity and reductions in interest rates, - was seamlessly replaced by the "Bernanke Put." Since Bernanke gained control over the money spigots, the Fed continued to expand the MZM money supply by +65% to a record $11.3-trillion today. That's an increase of about +9.4% per year, on average. The yellow metal never traded a nickel lower since Mr Bush tapped Bernanke to become the next Fed chief in Nov 2005, when the price of Gold was $468 /oz. Today, Gold is hovering around $1,735 /oz, up +370% for an annualized gain of +57%, - highlighting the most devastating blow to the purchasing power of the US-dollar of all-time.

Following the stock market crash of 2008, Bernanke decided to take US-monetary policy down a very dangerous path that his predecessor had never explored. Bernanke experimented with the nuclear options of central banking, - unleashing powerful weapons for the first time in the US, such as "Quantitative Easing," (QE), the Zero Interest Rate Policy (ZIRP), and "Operation Twist." These weapons were forcefully deployed in order to artificially re-inflate the value of the US-stock market, and in turn, help to boost President Barack Obama's chances at winning re-election. Bernanke borrowed the blueprints of the Bank of Japan, - the original pioneer in QE and ZIRP, dating back to March of 2001. The Fed was able to engineer a doubling of the S&P-500's market value in just three-years, for a gain of $7-trillion, from the bottom of the brutal Bear market that came to a merciful end in March of 2009.

Link:

http://www.safehaven...titative-easing

These are just a few of many, many articles written on this. As a trader myself I considered this as common knowledge. Guess I should've provided a little more evidence.

WW.

Again, nothing here saying he is serious about changing the FED. Replacing who is at the head of the monster means nothing when the body still functions normally. It's fluff talk, nothing more. Ron Paul and Gary Johnson were serious about changing the FED from TOP to BOTTOM.

[WallyWeaver]

Again, nothing here saying he is serious about changing the FED. Replacing who is at the head of the monster means nothing when the body still functions normally. It's fluff talk, nothing more. Ron Paul and Gary Johnson were serious about changing the FED from TOP to BOTTOM.

Okay, you got me.

WW.

[20Mil]

Careful trying to long the EUR, it can't even stay up even with good econ data AND the FED's monetary policies.

There are much better currencies to long instead of the EUR at the moment...

Short: EUR/AUD Target 1.17 (500 pips)

Long: AUD/JPY Target 88.00 (350 pips)

Those two currency pairs with current targets would net 800 pips throughout the next few weeks to a month. Trading one standard contract for each pair would net you close to $8k...

Edited November 7, 2012 by 20Mil

[DropItLikeItsHot]

Careful trying to long the EUR, it can't even stay up even with good econ data AND the FED's monetary policies.

There are much better currencies to long instead of the EUR at the moment...

Short: EUR/AUD Target 1.17 (500 pips)

Long: AUD/JPY Target 88.00 (350 pips)

Those two currency pairs with current targets would net 800 pips throughout the next few weeks to a month. Trading one standard contract for each pair would net you close to $8k...

Banked out 90 pips last night, WOW then Draghi said a few words this morning and Down went the Euro, vote later for more relief, wonder if another temp reversal is in store, got my eye on it, not in any trade right now, playing it safe, happy with the quick 90 pips early this morning!

Was looking at EUR/AUD Thanks

DropItLikeItsHot GO RV