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Posts by "eelman"

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99 Posts Total by "eelman":
93 Posts by member
Eelman
(Maine, United States)
6 Posts by Anonymous "eelman":
 
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Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 22:42
In Thread: Will the Fed Raise Rates in 2010?
nzvik - keep in mind they did not raise the fed funds rate. This raise only applies to the discount window. It is the rate banks pay when they need to borrow money from the Fed. We indeed may not see an increase of the actual benchmark rate in 2010.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:48
In Thread: Gold & Yen's Perfect Desert Storm
Nice trade to anyone who got short gold today at 1120+...I know there was a few of you talking it over.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:34
In Thread: Gold & Yen's Perfect Desert Storm
What just happened? Everything is on the move!!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:22
In Thread: Aussie Dressed up but where to Go?
Funny I am new to this forum...but I have heard that term other places as well.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:21
In Thread: Aussie Dressed up but where to Go?
Plunge Protection Team! ( US Govt backed stock market manipulators)
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 21:17
In Thread: Aussie Dressed up but where to Go?
I would not underestimate the PPT. They will probably push Kiwi to .7120, Aussie to .91ish and dump usd/cad to the mid-lower 1.03s before allowing any renewed usd strength/equity weakness.
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 18, 2010 18:44
In Thread: GBP Trade Index 18-Year Chart
I have often seen choppy/volatile currency trading...but this gbp/usd is insane lately!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 17, 2010 20:26
In Thread: GBP Trade Index 18-Year Chart
Pipped... that must have been Joe Terranova. I remember him recently saying you must have exposure to oil. The next day it dropped from 77 to 73, the biggest % drop in one trading session ever!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 17, 2010 12:58
In Thread: Capping Euro's Rebound
Amiro

I think you need to ignore the daily news flow and focus more on the technicals. Nothing has really changed with Greece, the Euro was simply oversold. It was time for a counter-trend rally. Likewise, often great news can come out that should send a currency higher. However, if that pair is seen as overbought, traders will take profits and it will plummet. The news flow typically just provides moments in time that can be used as excuses for a rally or a sell-off. The logical common sense reaction to a news report is often the wrong hand to play.
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