Is it possible to see the Dollar depreciate against the Euro in the upcoming future, as a wannabe economist. I propose a few objective data points that may or may not support this thesis. I am interested in gaining feedback to further my ability to apply what I am self-teaching myself.
Price fell last Friday due to non-farm payroll results at noon to around 1.07000. Balance of Trade for Germany (Apr) is set to release in 30 mins and might push the price lower to the last order-block.
In 2hrs also, PMI is set to release with a consensus that is higher than 50. I expect the price to fall to around 1.06750 and rise to around 1.07400 before falling...
This is a pair I'v been looking to short again for awhile now due to the trend and now i'v got some Bearish Divergence to justify entering and the nice extra bonus from the news of the US Trade Deficit Increasing. I think this will stir up more demand for the CAD against alot of other Currencies but more particularly against the AUD.
This may also put downwards...
Looks more like West End Clidd diving in Jamaica.
Negril ain't so lovely no more.
Chine must not be shipping sutff...
_____________________________________________
I'm sure it will not be fine.
GDP won't suffer fer shure...
There is a clear picture here. The only (tiny) saving grace the US has is the "on site" stuff that cannot be delocalized, or hardly, all these basic industrial goods, as well as their agri mostly grains.
The US imports 3 times as much consumer goods and auto parts as they export.
It's cheaper to get chinese slaves to build goods in huge factories than pay these...
