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Old 01-08-2006, 09:12   #127
rufffen
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Re: EUR/JPY CYCLES UPDATE Part1

EVENT GUESSTIMATES

ECB


Will be dissapointing, I got reads with domestic strife, dissapointed with expectations, risk/gambling with emphasis on foreign affairs affected and loss of power. All in all Euro should slide on that day.

NFP

Domestic adversaries on that day in US, sudden changes with financial surprises, arogance of general public, illusions emphasised, depression and financial losses, unpredictable, challenge of authority. All in all Id say NFP data will dissapoint and this time USDX will extend losses.

Overall it's important to note that USD in on the path to a major downturn, and while I do see that FED and Central Bank interventions will keep the dollar afloat, longer-term the american currency is on the steady path to devaluation.
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