Guesses for Exogen’s Picture clues/Intel:
G T January 22, 2015 at 9:30am So Thursday Morning Clues.....
We're in our Window of the 19th - 27th
Projecting that Iraq maybe "kicking the can" to February for their Budget Announcement!!!
We ALL KNOW (At this Point)....IRAQ'S Budget is DONE (but Not Announced)
What's More important to focus On is the Markets the next 24 Hours & announcements out of Davos (ECB & their QE Plans)
Also......Will Denmark AND/OR Germany Detach from the Euro (in the Next 24 Hours)!!!
Isaac > G T January 22, 2015 at 9:34am Actually when the Swiss did what they did, I immediately thought of Germany. I would put serious money on that Germany will do this very very soon and then it ought to really get fun.
Just my thoughts....nothing to back it up.
G T January 22, 2015 at 9:39am Here's The QE Announcement from Davos By Mario Draghi
Bond Purchases until Sept 2016 http://www.cnbc.com/id/102356143
The U.S. Dollar Has Peaked Posted by Vinman on January 22, 2015 at 9:41am
By Dr. Steve Sjuggerud
Thursday, January 22, 2015
"Today may be the very top in the U.S. dollar," I told Liz Claman on Fox Business' "Countdown to the Closing Bell" last Friday.
The U.S. dollar has soared over the last several months. And it has now become a crowded trade. I told Liz that no one expects the dollar to fall today… but that's what I'm betting on.
I'm betting the long-term bull market in the U.S. dollar is ending right now.
Let me explain…
The absurdity of the U.S. dollar story is showing up all over. I laughed out loud when I read this headline on Bloomberg last week…
"UBS's Richest Clients Seen Flocking to Dollars After Swiss Franc Shock"
The headline is just one of those classic "signs of a top" in the markets. Today, investors are flocking toward the dollar to an extreme degree.
It's not just rich guys with their money in Switzerland. Investors all over the world LOVE the dollar right now. And that's a problem…
When an asset becomes this loved, this quickly, it usually can't go up much more… And at that point, it's ripe for a fall.
That perfectly describes the situation in the U.S. dollar right now.
You see, right now, large speculators have more chips bet on the U.S. dollar than any time, ever (yes, ever), based on the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission.
And U.S. dollar sentiment is at its highest reading ever (yes, ever), according to Jason Goepfert. (Jason runs the excellent SentimenTrader.com.)
Jason wrote about it last week…
It's not just the fact that these [U.S. dollar] positions have moved to a record [in sentiment] that should raise concern for those long the dollar… It is the fact that the rate of change has increased so much in the past two to three weeks. When we see an increased rate of change at the same time that positons are moving to records, it suggests an urgency that is most often the hallmark of a last-ditch exhaustion…
In short, the U.S. dollar is extremely close to a peak, if we are not already there. The dollar has been moving higher for the last three and a half years… But the long-term trend is ending right now.
I believe the fall started last Friday. But it may start as late as a couple weeks from today.
Even if I'm wrong on timing, the dollar decline WILL start. And that means now is the time to prepare your portfolio.
Good investing, Steve
Poppy3 : YES FIRST TIME IN MY 11 YEARS BOTH GOI AND CBI LEADERSHIP SAY THE ARE READY TOGETHER AND IN UNISON THEIR READY TO CHANGE OLD POPPY3'S DINAR FOR CASH. WOW ,WOW
Poppy3 ...TWO SOURCES....TOLD ME TWO WEEKS AGO IRAQ GOI AND CBI ARE PUSHING TO IMPLEMENT ALL LAWS AND ECONOMIC REFORM BY FEB 1 AT THE LATEST.
WELL BOTH TODAY [WEDNESDAY] HAVE RE-ITERATED THE SAME INFORMATION. THEY SAID THAT IS STILL THEIR GOAL TO ACCOMPLISH.
LETS JUST PRAY THEY GET IT DONE ON TIME.
DC: (From Wed. CC) Iraq is ready and says they will do it any time – have announced that on television. The President and the Governor of the CBI are out of the country and they are due back in Saturday morning, so I personally am not looking for it before then.
Despite what might have been said to the opposite, the US seems to be supporting this.
President Obama has agreed a time with PM Abadi, and only a few folks know that time right now. It’s being kept extremely quite.
Our friends at the CBI are saying they are good to go: everyone is trained, ready, systems checked, legal paperwork gone over again.
The CBI ran some software checks and updates in the last two days, and they checked in with the other central banks worldwide to make sure everything was straight, to make sure they ready.
Parliament did the budget on the 30th and 31st and more adjustments on the 3rd and 4th.
They say they are revealing the budget on Saturday; it’s not a requirement to do the budget and the RV at the same time, but it’s nice, plus there are other laws they have been keeping quiet so as to bring them all out together on Saturday.
That is the day they have announced on television, radio, on websites and in the mosques.
it’s highly unlikely until Abadi and Shabibi get back on Saturday morning.
We expect it to go down quickly once they return.
backdoc » January 21st, 2015, 11:46 pm
Read More Here's how the ECB could deliver a euro shock
"U.S. assets (currency and stocks) are relatively overweighted at present; on the other hand, the EUR is underweighted, suggesting that a reversal of both trades (short Europe, long the U.S.) may be extended and poised to reverse," Hickey said.
"This is by no means a perfect signal, but in our view it supports an against-the-herd trade: buying EUR-denominated assets (currency and stocks) to take advantage of a contrarian view that Europe will outperform, regardless of ECB action."
But Peter Boockvar, a Fed critic who believes QE has outlived its usefulness, said the ECB move is likely a last-ditch effort for central banks to help a slowing global economy.
"This is the final chapter of the extraordinary central bank largesse thrown upon the world since 2008," said Boockvar, chief market analyst at The Lindsey Group.
"Stocks and bonds of course have benefited tremendously more but the question is for how much longer now that we are at an important moment in the history of central banking. As QE is just a massive bubble-blowing exercise and is about to see its last hurrah, I expect the ongoing correction occurring in U.S. stocks will continue to roll into more and more as the year progresses."