Whats going on with EUR/USD

BinaryMan
BinaryMan

whats going on with EUR/USD

All urls found in this thread:
http://www.bloomberg.com/news/articles/2016-10-01/deutsche-bank-charged-over-paschi-accounts-as-legal-hits-mount
AwesomeTucker
AwesomeTucker

Fleeing from the pound?

Ignoramus
Ignoramus

its all about deutsche bank

Dreamworx
Dreamworx

@Ignoramus
is there a difference between trading forex and companies ?

whereismyname
whereismyname

@Dreamworx
You lose money quicker

Raving_Cute
Raving_Cute

@Ignoramus
1999: Glass-Steagall repealed
For the first time since the great depression, American Banks engage in derivatives trading and other risky investments
World increasingly follows suit
One decade later, the very thing Glass-Steagall was meant to prevent from happening happens and nearly takes the whole world with it
"Don't worry, we've rescued the banks and made necessary adjustments to prevent this from happening again"
Not even another decade later, it is threatening to happen yet again
This time people don't trust that it won't happen despite assurances from authorities, because these same assurances preceded the previous crash
The world of investment banking, which depends on trust, is forever tainted by that single event, and its ultimate and total collapse is now merely a matter of time
Well, it was over almost as soon as it began, wasn't it?

Lunatick
Lunatick

@Ignoramus
Why should the € rise amidst DB uncertainties?

Techpill
Techpill

@Lunatick
People are buying low, despite the investigation into DB barely even stating.

TreeEater
TreeEater

@whereismyname
I laughed

Carnalpleasure
Carnalpleasure

@Raving_Cute
For the first time since the clutch plague, American Banks engage in derivatives trading and other risky investments

seriously believing this
seriously being this uneducated

back to school

Firespawn
Firespawn

@BinaryMan
1.116
ti
1.124

literally nothing just caustic fluctuations you see in every market

That being said get out of US. Dollars going to crash with in the month and Euro is going to take a big hit from both the BREXIT completion and France looking to revise their EU policies

WebTool
WebTool

@Firespawn

Everything's gonna crash

Pick only one. All world currencies can't crash together.

VisualMaster
VisualMaster

@WebTool
Euro and USD are all set to

Britain is going to exit removing a great financial stake

For the US
-FED about to increase interest rates
-Saudi's about to pull billions
-Obongo planning on a tax hike
-Mass uncertanty during this presidential election
-Straight bombing Syrians now

We about to go down down down

That being said, GBP is probably going to spike when they leave and quickly correct itself past the current point.

Spazyfool
Spazyfool

@VisualMaster
-FED about to increase interest rates

It's the Fed. It's not an acronym. And it's unlikely to happen at this point

-Saudi's about to pull billions

Even if they do, the only people it'll hurt are themselves.

-Obongo planning on a tax hike

Even if this imaginary tax hike went through before november, it wouldn't make a difference for financial markets

Raving_Cute
Raving_Cute

@Techpill
That would explain a recovery in DB but there should still be a lot of uncertainty surrounding the euro if a major European bank goes down, especially a German one seeing as they're one of the leaders in the euro zone

Nude_Bikergirl
Nude_Bikergirl

@Spazyfool
It's the Fed
no it's the Federal Reserve
Shortened to Fed

Also the FED has already said it's going to happen it happen due to the dumb fucking way they did the bailouts and the negative interest rates. We are pretty much bleeding money right now

Lord_Tryzalot
Lord_Tryzalot

@Nude_Bikergirl
Why don't you go ahead and cite where anybody from the Fed's office said "it's going to happen" in reference to interest rate hikes of any magnitude. Don't worry, I'll wait.

Boy_vs_Girl
Boy_vs_Girl

@Nude_Bikergirl
I know what they said. It's still unlikely.

There is no good reason for a hike right now and the only reason they'd do one is to appease the hawks.

@Raving_Cute
The huge fine already had its amount reduced. DB is not going anywhere

MPmaster
MPmaster

@Nude_Bikergirl
Has the Fed said that? We(usa) aren't in negative interest rates at least not nominal

Evil_kitten
Evil_kitten

@Boy_vs_Girl
People keep saying that but it is STILL just a rumor

happy_sad
happy_sad

@Boy_vs_Girl
I thought it was only a rumor that the fine was talked down. I am am bit out of the loop though. I don't think DB will go down but I don't think dB is increasing the euro

5mileys
5mileys

@Evil_kitten
And now there is also this:
http://www.bloomberg.com/news/articles/2016-10-01/deutsche-bank-charged-over-paschi-accounts-as-legal-hits-mount
We're fucked

Bidwell
Bidwell

@happy_sad
DB is obviously not massively profitable (no euro bank is) but at the moment it's nowhere near bankruptcy or anything similar

I suppose you could imagine some sort of bank run scenario but then there'd have to be some sort of assistance, overt or not

idontknow
idontknow

@5mileys
“They have their hand caught in every single cookie jar. I think the market is seeing a wounded lion and will soon prey on it."

kizzmybutt
kizzmybutt

@Bidwell
I was only telling the individual that I do not believe DB caused the euro to increase

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