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User Info What the **** is going on with Currencies?! in forum [NotSoBreakingPrice]
Lamarth
Posts: 1170
Incept: 2008-03-15

Sydney
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Hey, does anyone have a chart of the USD/KRW?

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The Government Inequality: Total Wealth before Government Intervention > Total Wealth after Government Intervention

“Those who have faith and confidence in the country and its ability to come back will profit by their foresight. This has also been the case over the past half century.” - WSJ 3rd Sept 1930
2009-02-16 21:49:19
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Redhatty
Posts: 461
Incept: 2008-10-10

New Orleans
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Considering the depth of my ignorance of Forex, I have to ask this, I hope someone can help me understand.

How does the Dollar getting stronger AND Open swap lines around the world spell out disaster?

How does a strong dollar hurt us? Inflation, I understand, but otherwise?

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The banshee cry of obnoxious ****wits is permeating in from outside.
2009-02-16 21:50:54
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Genesis
Posts: 71358
Incept: 2007-06-26
A True American Patriot!
KD^2
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The swap lines are debts that cannot be paid.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-16 21:51:27
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-contrarian-
Posts: 100
Incept: 2008-12-06
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USDKRW chart --
http://forex.tradingcharts.com/charts/in....

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"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
Friedrich Hayek
2009-02-16 21:52:59
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Widgeon
Posts: 6521
Incept: 2007-08-30

OK
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<<US futs usually follow the USD/JPY. Not tonight.>>


They ALSO did not follow on Friday which was noted and is very unusual given the size of that Yen move on Friday. We also had that steep last minute drop here in US & in Europe Markets right at the close on Monday.


2009-02-16 21:53:26
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Firewalker
Posts: 449
Incept: 2007-08-27
Minnesota
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The tide is turning in USDJPY. It is beginning to act like a USD cross again, rather than like a JPY cross. And remember all that leveraged account volume we had before the crash last year is absent now. Hence, the safe haven flows are dominant.

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In religion and politics people's beliefs and convictions are in almost every case gotten at second-hand, and without examination, from authorities who have not themselves examined the questions at issue but have taken them at second-hand from other non-examiners, whose opinions about them were not worth a brass f
2009-02-16 21:55:36
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Financeguy
Posts: 4945
Incept: 2007-08-10

Charlotte
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Swiss Franc is imploding and that would fit the eastern europe thesis....

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"Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua
2009-02-16 21:57:39
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Falcor
Posts: 462
Incept: 2007-12-03
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Genesis wrote..
Atlanta will be burnt to the ground within an hour if this detonates on him


Atlanta?

Generically or specifically?

2009-02-16 21:57:48
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Redhatty
Posts: 461
Incept: 2008-10-10

New Orleans
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So basically, if they go boom tonight, we go boom tomorrow??

And even though the dollar is strong, we are still ****ed?

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The banshee cry of obnoxious ****wits is permeating in from outside.
2009-02-16 21:58:20
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Genesis
Posts: 71358
Incept: 2007-06-26
A True American Patriot!
KD^2
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All big cities folks.

None are safe if this comes apart.

None.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-02-16 21:58:31
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Schwantz
Posts: 5077
Incept: 2007-11-12

Monkey Do
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KRW = Korean Won?

Quote:
The tide is turning in USDJPY. It is beginning to act like a USD cross again, rather than like a JPY cross.


I agree with that.

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Dives sum, si non reddo eis quibus debeo
Smash the Keynesian idiocracy!

Last modified: 2009-02-16 22:00:15 by schwantz

2009-02-16 21:58:59
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Yobbo
Posts: 1849
Incept: 2007-08-30
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****, hope Im safer in Alpharetta

2009-02-16 22:00:01
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Patentleathershoes
Posts: 7641
Incept: 2007-09-13
A True American Patriot!
Looking forward to PB&J time!
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Redhatty:

Yes. If I get anything as far as equties are concerned. Oh ****.

2009-02-16 22:00:15
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Big_bear
Posts: 2211
Incept: 2007-08-29

Florida
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Gen .. what do u think could have happened that is so bad that it could blow us up too ? and why so sudden ?




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Bull Market – a random market movement which causes the average investor to mistake himself for a financial genius.
Bear Market – a six to eighteen month period during which the kids get no allowance, the wife gets no jewelry and the husband gets no sex.

Last modified: 2009-02-16 22:02:10 by big_bear

2009-02-16 22:01:10
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Gtt
Posts: 2736
Incept: 2007-12-10

Sydney
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During the Ides of October we saw some 3% moves in the Euro...

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"The one thing we know is that when a ball drops from 15 feet when it bounces back up, it's only going to rise to 12 feet." - Dr. Harry Edwards
2009-02-16 22:01:23
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1crzydmnd
Posts: 632
Incept: 2008-03-26

Nyuk, Nyuk, Nyuk...WASF
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Looks like tomorrow may be a good day to work from home.

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"There's a difference between us. You think the people of this country exist to provide you with position. I think your position exists to provide those people with freedom. And I go to make sure that they have it." - William Wallace
2009-02-16 22:01:24
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Loudoungroup
Posts: 2845
Incept: 2008-02-01

San Antonio, TX
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USD/Eur contemplating testing lows here....1.2648

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http://caps.fool.com/player/loudoungroup.aspx
2009-02-16 22:01:46
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Schwantz
Posts: 5077
Incept: 2007-11-12

Monkey Do
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The good thing about my country (Canada) is that if you drive north for X hours you eventually get to pure wilderness. X = ranges from 0.1 to 13 hours, depending where you live.

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Dives sum, si non reddo eis quibus debeo
Smash the Keynesian idiocracy!
2009-02-16 22:02:44
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Lamarth
Posts: 1170
Incept: 2008-03-15

Sydney
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Is it just me or did the Argentine Peso go the wrong way?

Thanks -contrarian- - I'm checking out currencies alphabetically.

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The Government Inequality: Total Wealth before Government Intervention > Total Wealth after Government Intervention

“Those who have faith and confidence in the country and its ability to come back will profit by their foresight. This has also been the case over the past half century.” - WSJ 3rd Sept 1930

Last modified: 2009-02-16 22:03:55 by lamarth

2009-02-16 22:02:48
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Patentleathershoes
Posts: 7641
Incept: 2007-09-13
A True American Patriot!
Looking forward to PB&J time!
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Well, I may as well brew my pot of coffee now.

2009-02-16 22:03:16
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Juw177
Posts: 178
Incept: 2008-05-16
Australia
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Am I missing something? This is a 1% drop against the USD and a moderate drop in asian equities.

We have seen much more volatile days. I mean, I get the fact that the divergences are behaving weird and how this is across the board. But what's with the talk of the end of the world?

Last modified: 2009-02-16 22:08:09 by juw177

2009-02-16 22:03:40
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Icelander
Posts: 44
Incept: 2009-01-22
Iceland
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But if this is such a disaster shouldn´t the Asian markets and the US futures be tanking?

This sure is a unusal move in the forex markets, but are we maybe overreacting here on TF?
Or are the markets "underreacting"?

Last modified: 2009-02-16 22:05:34 by icelander

2009-02-16 22:03:54
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Moniteyes
Posts: 2400
Incept: 2008-11-28
ny
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How does this impact commodities - soft and otherwise?

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2009-02-16 22:04:32
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Mayorquimby
Posts: 5852
Incept: 2008-09-18

Ponzi Planet
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Brewing some myself. Something's up for sure. Nat gas and oil very weak as well. We saw worse in October but something tells me the fact that we're back here at this stage and so quickly is very threatening.

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It's a PONZI ECONOMY and it already HAS collapsed. Now they need more ponzi!
2009-02-16 22:05:42
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C4talyst
Posts: 1409
Incept: 2007-08-28

Northern Virginia
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I have a Bourbon / Apple Cider mixture and my Bushmaster M4 variant across my lap...I'm ready.

2009-02-16 22:07:20
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