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Eurodollar

EURO - It's time we keep an eye. EURO - It's time we keep an eye. $EUR I'l sure many other traders have the same view. We had a low print regarding CPI. Dollar heads lower as lower % hike and we are at 'neutral' as stated by Powell last time. I had a great time trading this but now it's time we concentrate technically on the euro this is a very key area to keep an eye on break above these levels we could head higher and that's the top for DXY done for a little while.. precious metals to increase, cryptos and many other instruments to take into consideration on positioning front. Trade wisely and follow your trade plan. Enjoy the exciting times ahead! TJ
by Trade_Journal
1
EuroDollar - Global FInancial System in one ChartA lifelong student of Monetary History, Macro/Micro Economics - at this particular point in time, an obligation needs to be fulfilled. We tend to be Anglo-Centric as Americans. Yes, we do observe Global Markets and their underlying dynamics as core to one's thesis for Trading purposes. All is well and good in that vain. Unfortunately, it is barely the tip of the iceberg. Beneath the surface exists a behemoth. ________________________________________________________________________________ If you are unfamiliar with arrangements made during June 1944... no problem. Allied Leaders met to arrange the Global Chess Board for the Anglo-Sphere. They had 2 items on their collective agenda: 1. Rebuild Europe 2. Establish a Global Monetary system/order aka the International Monetary System. 44 Nations attended the follow-on meetings @ Mount Washington Hotel in Bretton Woods, New Hampshire during the first 3 weeks of July 1944. Agreements in Summary: 1. Acceptance of the US Dollar as the Reserve Currency - opening the Gold-Exchange Window. 2. What came to be known as the Marshall Plan began its lengthy formative process to reconstruct Europe. ________________________________________________________________________________ The United States had accumulated 70.37% of the Worlds Gold in exchange for Productive Capacities during the War, and thereafter for its Industrial output, imbuing a confidence in the Dollar - "It was as good as Gold." It was not until the Marshall Plan was well underway, that the "Others" found the BR1 agreement less than desirable, it had numerous flaws for their purposes. They developed a "System" of exchange in February of 1957 - Eurobank Dollars later became known as the "EuroDollar". The "they" is important for 2 primary reasons. 1. "They" - the "Others" run the Financial arrangements and by extension - the planet. 2. It is a private, unregulated, Exchange outside the auspices of the United States and its Central Bank - The Federal Reserve chartered in 1913. Our Central Bank, as all Central Banks... receive marching orders from the Conduit between the Private Global Banking systems and Central Banks Globally. This conduit is the Bank of International Settlements or more commonly known as the BIS. ________________________________________________________________________________ Monetary malfeasance was quite common in our relatively short Nation's history. The 1st Bank of the US failed, Jackson ended the 2nd, Lincoln paid the price for attempting his own unit of exchange free from the Vig, Kennedy... yeah... ditto. Within the United States, there were a great many crises. Globally, there was a great deal more. ________________________________________________________________________________ The Private system never really had the havoc inflicted upon its henchmen, the "Central Banks." Authur Burns, Paul Volker, Alan Greenspan, Ben Bernanke, Janet Yellen, and now Jerome Powell, like his predecessors served under the complete control of the Private World Monetary Order. Our Federal Reserve manages one thing - Expectations. Well, they do manage Base Money and Bank Reserves... another "Expectation" as Bank Reserves are not Money, they are a SWAP. It is an Inter-Bank settlement mechanism. "Don't fight the Fed" - They are not at all engaged in the actual Global Financial System. The Private System dwarfs the Public System, by orders of magnitude. _________________________________________________________________________________ Over the Decades following BR1, things began to unravel for the US Dollar Seniorage (Reserve Currency Privilege). Spending on Wars (Korea and Vietnam), LBJ's Great Society, Aero-Space, and persistent Defense Spending, Social Programs, reckless spending due to Political corruption... all took their toll. The Public System began showing signs of immense stress when the London Gold Pool collapsed. On August 2, 1971, the full monty hit the United States as Nixon observed Degaulles warships arrive in New York harbor to collect France's Gold - Nixon knew he has no choice but to close the Gold Exchange Window. This action placed the United States on a purely FIAT System of exchange. More importantly, it freed the Private System of a very large shackle, the finite supply of US Dollars. People incorrectly assume the FIAT Dollar became the Petro Dollar. In no way, shape or form did it. That is simply a fraud built up on a very dubious foundation. Yes, Kissenger agreed to give the Saudis a Price hike in exchange for the following. 1. Acceptance of US Treasuries as Currency. 2. Arm the Kingdom to its desires (which were immense.) 3. Guarantee their Sovereignty. Nothing more, nothing less. An actual fraction of total Global Exchange. The "Petro Dollar" is a myth, it should seem quite simple on the surface, but decades of misdirection often lead to the adaptation of History's great frauds. BR1 flaws gave way to a floating exchange rate. Trade and Financial flows were no longer limited by Gold. Nor were they limited by Oil, ever. We never moved to an "Oil" based system. Utter nonsense never accept the Petro Dollar analysis, it is a total fraud. A flawed thesis usually perpetrated by those who seem to believe we will be returning to a Gold Standard. That does not suggest Energy, Gold, Resources are not Tier 1 Assets, they indeed are in fact held as SDR Assets. It is a mere fraction of a fraction of the Total Reserves. This is a very large distinction for the Club we are not members. The EuroDollar removes currency from the national store of "Reserves." _________________________________________________________________________________ The rest as they say - "is History." Let's circle back to the Euro Dollar for further insights into which we are hostage. US Dollars on deposit outside the United States - initially these were actual physical Dollars printed by the Treasury. They did, however, evolve into a Hybrid Virtual Ledger System that has assumed the role of the Global Monetary Reserve. Moving Gold from cage to cage at depositories, physical paper notes... unnecessary. The first real "Cashless" System arrived long ago, 65 years to be exact. A Private System that operates outside ALL Nations and their regulations and most importantly - Central Banks. They do as they please when they please - in the Shadow Monetary System. None of this System's actions ever show up in any/all statistics put for by any one Nations Fiscal and Monetary Accounting. Not one thin Dime. There is no quantitative or qualitative metric to observe. Great Gig eh? _________________________________________________________________________________ There is much more to the underlying Private System than can or should be extolled here. A great deal more, that would consume hundreds of pages. For now, hopefully, this inspires people to do their own work on how the evolution of the actual Monetary System functions and why the Chart within is vitally important. You will discover very quickly, that the largess of the Private System is exponentially larger. A flattening Yield Curve to Inversion is a warning of a Supply Shock - a historic one.
G
by HK_L61
13
2022/8/3 11:49 EUR/JPY analysePivot Point: 135.6 Currently: Resisted at 135.1 and retraced back to 134.8 Reaction: Consolidating at this 135.9 level , its next support zone is at 136.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
💵Euro/U.S.Dollar💵 Analyze (update)!!!EURO is on the resistance zone, and at the same time; it was able to find the end of microwave C of Main wave 4 by Ending Diagonal Pattern . I expect Euro to go DOWN at least to the support zone from the current prices. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰ 🔴Resistance Zone🔴: 1.028$ until 1.025$ 🟢Support Zone🟢:1.00955$ until 1.0068$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!EURO completed Main wave 4 by Expanding Ending Diagonal in the resistance zone. if you want to look at the road map of Euro/U.S.Dollar, please look at 👇 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰ 🔴Resistance Zone🔴: 1.028$ until 1.025$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10