Thread: Discuss all about FX open

G/J still in the 4th wave of weekly chart.

In my opinion, E/U and G/U will record new low both on daily chart.

good security system update :)

will EU going more down and make new low record ?

Originally Posted by Alizain

good security system update :)

will EU going more down and make new low record ?

it has breaks 1.5400 today and got a retracement at there,I think EU will be going down continue and record a new low.

Originally Posted by primarylogic

it has breaks 1.5400 today and got a retracement at there,I think EU will be going down continue and record a new low.

i think so, cause USD look going more strong now. Waiting for many upcoming consumer price index at today US session.

If E/U breaks 1.5283, it will continue down snd target 1.5000.

Originally Posted by primarylogic

If E/U breaks 1.5283, it will continue down snd target 1.5000.

are you mean down to 1.5000 ???

what the mean of snd ? (maybe need some correction )

Can The G8 Stop Oil Before Prices Hit $200?

Subprime crisis? Credit crunch? These issues have fallen by the wayside as the focus of investors, politicians and central bankers alike has shifted to the break-neck rise in oil prices. Concerns abound that the current rally will mirror the catastrophic economic fallout of the 1970s oil shocks. The parallels appear well-warranted: last week saw crude reach yet another record, trading at $139.12 dollars/barrel and surpassing the 1979 high of $136.28 (in today’s dollars). This weekend’s G8 Summit in Japan is set to focus on the matter as energy costs have crimped consumption, distorted trade figures, and fed global inflation. The markets will wait breathlessly to see if the final communiqué will include an unambiguous call on oil producing countries to boost production. With oil prices increasingly determined by the fate of the US dollar, forex traders will look to USDCAD to capture the volatility surrounding the meeting’s outcome.

What is needed is to stop all the wars and political meddling in the Middle East. Without that happening there is nothing the G8 can do to stop Oil rising up and up.

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