EUR/USD Longer Term Trading - Page 3
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Thread: EUR/USD Longer Term Trading

  1. #21

  2. #22
    Speaking to the American people Wednesday night, President Bush signaled he's ready to work together with members of Congress on a bailout program, but he also put them in a challenging spot.
    In a televised address, Bush called on Congress to pass the government's rescue egy for Wall Street, that will leave taxpayers on the hook for around $700 billion-- before Election Day.
    I know an economic rescue package will introduce a difficult vote for many members of Congress, Bush said. But he noticed our whole economy is at risk and included that a bailout can send a signal to markets around the globe that America's financial system is back on the right track.
    Bush himself has been under pressure to acknowledge the seriousness of the problem and to send the very same signal to markets--while demoning he still cares about taxpayers.
    In a sense, he's the best pitchman the government's got. The credit crisis is an problem, and Bush trait is his way of connecting with people. Both point men about the bailout, Treasury Secretary Henry Paulson, a former Wall Streeter, along with Federal Reserve Chairman Ben Bernanke, a former academic, have had a difficult time convincing Congress why a $700 billion program is the only way from this current crisis.
    Bush said Americans deserve clear answers as to how the country reached this stage.
    The president told the public the rescue effort isn't aimed at maintaining any person business or industry. He said the government is the sole thing that is capable of buying financial firms' troubled assets at their current low prices and holding them till their worth returns to normal. He argued that if a bailout isn't approved, foreclosures would climb, a large number of people will lose their jobs and edued them that ultimately our nation could experience a lengthy and painful recession.
    Lawmakers may have found any comfort in the fact that the president vowed a bailout would include an oversight provision and that it should preclude executives from receiving a windfall--a sticking point among several members of Congress.
    But definitely, lawmakers--that are nearly united in saying that quick action is necessary--are trying to determine how they can approve a plan which saddles taxpayers with cleaning up a financial mess that's been years in the making.
    Members of Congress seem willing to work together with the adminiion to come up with some type of rescue plan in the upcoming few days. Just before Bush's remarks, Sen. John McCain, R-Ariz., and Sen. Barack Obama, D-Ill., issued a rare joint statement, pledging to put aside their political differences and concentrate on the economy--but they are not endorsing the president's egy.
    Today is our chance to come together to prove that Washington is once more capable of leading this nation, the candidates said, calling the Bush proposal flawed. Both men, as well as other lawmakers, will meet with the president at the White House on Thursday to work out the details of a bailout.
    In taking the public stage, Bush was an unpopular president pushing an unpopular egy. His approval rating is merely 31.5 percent, according to RealClearPolitics. Several members of Congress state that constituents who've called this week overwhelmingly oppose the government's plan. (Congress' approval rating is much worse, finds out RCP: just 21.3%.)
    As negotiations have evolved on Capitol Hill during the last several days, it is now evident that the final bailout bill will include an oversight provision for its Treasury secretary. It will probably include some type of equity stake for the government in the businesses which sell their poor debt to Uncle Sam. Additionally, it is increasingly likely it will limit excessive executive compensation for firms that ask for a bailout.

    Markets have been stalled, looking for leadership from Capitol Hill. The Dow Jones industrial average closed down 29 points. Moves from the private sector have to ignite confidence. Warren Buffett taking a $5 billion stake in Goldman Sachs Tuesday did little to get markets going.


    Buffett believes a deal will get done. If I didn't think the government was going to behave, I wouldn't be doing this week, '' he told CNBC Wednesday.
    Yet lawmakers on each side of the aisle have not been in a hurry to behave. Sen. Richard Shelby, R-Ala., the top GOP member in the Senate Banking Committee, has expressed doubt that the egy will operate, and Democrats are backing away from it because they do not want to be on record--particularly this close to Election Day--as putting taxpayers on the hook to bail out what's being described as the excesses of Wall Street.
    The whole drama of the past several days has several Democrats, normally in favor of government intervention, expressing skepticism of their need for a government rescue; it's also made a Republican adminiion claim government actions is necessary.
    My natural instinct is to oppose government intervention, '' Bush said. But, these are not normal conditions. The market isn't functioning properly.

  3. #23

  4. #24
    there's a little channel you can exchange on EJ at this time, but do not know how long it is going to last.

  5. #25
    You have to email me and I shall assist you, it's considered spamming if I do it .


    Quote Originally Posted by ;
    Hello Hard1 Head 1

    Excellent trades, however I asked earlier on, to allow me on your trading methodology, because I like to learn from your trades you have not answered.

  6. #26
    Niced flag formation on the EU 15, that it may go brief, but before I could, she broke brief.

  7. #27
    This is a chart, for your new traders so they could understand.

  8. #28
    Here we go guys, the moment of truth is there....



    Maarten

  9. #29
    Yea, that was a couple of fine garbage transactions up and down out of that little flag.

  10. #30
    Impass fellows, Maartin is right, however, if you measure out this to the Monthly you will understand a lot of support here. Monthly an older Inside Nesting or Top Doll and UTL along with as I love to call them. We are also smack dab around the Monthly in the 50% Fib from up the move from Dec. Time for me to sit and watch to see where we are going and trade anything with a better entry.

    Jim

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