Thread: Reaction to the election.

Originally Posted by ;

I started this thread with the goal of speaking about short term reaction which I failed to say.

Short term impact of the elections (just as with any other news announcement)...$$$ strength resulting from quick spikes here and there. Prices subsequently reverted.

Long duration, start looking for FOMC interest rate discounts in Q1 (Jan - Mar 2007), particularly after disappointing Christmas sales, slower than expected home sales (seasonally adjusted) and revisions to unemployment numbers. Dems will want to get the economy moving again soon after the new year, thus adding to the clamor for interest rates.

Originally Posted by ;

yet another point of interest on precisely the same topic is that gold is down 8 dollars already this a.m.

It bounced back 5 dollars. Maybe because of the movements of the dollar. In accordance with SP analysts, the long-term prognosis of gold remains positive (high demand and reduced supply). And if the dollar will probably be poorer, gold will rise even more.

I think Moneymaster is Perfect. The prognosis for the dollar is dependent of what the market thinks that the fed will do, not these elections.

Well if you put in money masters argument we now have to be dollar bears in the new year. Hope that the rest of the world agrees

Donald Rumsfeld today, resigning???? Is it accurate??

Praise the Lord....and pass the ammunition!!!!

I really don't know Money Ma now ater hearing President Bush's Statement and question and answer period, I am uncertain how far D. Rumsfeld needed in the decision!! Sounded like, OK, Dems, you're in charge what you want!! Perhaps I am reading him (the Prez that's ) incorrect???? Hopefully???

ANYWAY!!!!!! Up until around Tuesday, my transactions on the GBP, EUR, and CHF were going fine. Following the trend just like they should. Then, every pair took a dip I think I will wait a couple days until I get back to my trend transactions.

Elections! What a way to mess up a good direction!! Well, what was good direction.

Originally Posted by ;

I really don't know Money Ma$ter, ater hearing President Bush's Statement and question and answer period with the media now, I'm not sure how much D. Rumsfeld had decided!! Sounded like, OK, Dems, you are in charge so, what you want!! Maybe I'm reading him (the Prez that is) incorrect???? Hopefully???

ANYWAY!!!!!! Up until around Tuesday, my trades on the GBP, EUR, and CHF were all going fine. Following the trend like they should. Subsequently, each pair took a dip I think I will wait a few days before I get back to my trend trades.

Elections! What a way to mess up a fantastic direction!! Well, what was direction.

That dip (USD BULL) was imputed to broker stop hunting. You know that it will grow up again, At any time you hear this.

I overlooked buying gbpusd at 1.9010 as it dipped that much... my earlier limitation buy at 1.9040 was triggered and exited at 1.9060 to get a little profit however (I dont place stops ).

Originally Posted by ;

That dip (USD BULL) was imputed to broker stop hunting.

How do you understand that? How can you understand some investment firm did place a 500 contract order?

Originally Posted by ;

How do you know that? How do you know some investment firm didn't just place a 500 contract order?

I subscribed to a news service...

text deleted... from subject and argumentative

It has been announced that the US Senate was won by the Democrats also. . .But I think since the win was below 1 percent, they will require a recount. . .What does that mean for the dollar?

Means squadush. Watch the market now, then watch it during london time to find an comprehension. Overall, I dont think it doesnt have a lot of impact on how the dollar goes. Rather, after Allen does annouce it it might have an impact, but I doubt it. I think players have an impact on how the dollar goes. But dont count on this being the golden ticket. Pick your battles in regards to geo-political'ness. Now IF the gov, mostly Bush, does say that Iraq is in a civil war, which is pretty much is, then expect the dollar to drop big time, but I aint gamblin on that.

Intrest rates are the number one goes and indiors on how the dollar is going to fare off in the long term. Employment numbers are excellent indiors on the month is going to be for your dollar. And central banks are the drivers of the car that addresses currency. If you truly want to get technical, go read up on each of the central bank notes of the currency you're trading or going to trade. Central bank notes are key to understanding on how things work in the long term. Personally, I hate reading boring material, but when somebody talks from central banks, I have to read, its vital for news traders!