claydoctor
Short

Abenomics Versus Draghinomics, EURJPY Long now short

FX:EURUSD   Euro Fx/U.S. Dollar
217 0 1
Short the EURJPY             AND EURUSD             is on play now that Draghinomics has been introduced as a force to stimulate the Euro             economy, by devaluing their currency(s) - (not just the Euro             but all European currencies ) , strengthening the Yen and Dollar as a result, and effecting the markets in a somewhat predictable manner, if history is an indicator. Add to the fact that bearish chart signals are already in play for the pair, to break the bottom trend line, with a double top being confirmed on the break. Relatively, the EURJPY             sets up similarly. On the weekly, don't fight this with most trades. All the best. These currency wars, I am thinking, are not actual wars, when you consider the timing of it all. These days, being global, and being as connected as we are now, all countries know that they cannot simply "go to war", and win at all costs. Because to actually win, would be a loss, because eventually the enemy would loose all purchasing power, and the winner would not have anyone to sell to. So in a coordinated world wide effort, the FED goes first with QE             , then its BOJ's turn with Abenomics, and now its the Euro's turn, with Draghinomics. Little battles, little skirmishes, all timed well enough to benefit the one, and wound but not hurt the rest. But the QE             (and each with their own version out of specific necessity) solution has intended and unintended consequences. And then QE             for the Euro             may be too late, and what if that is correct, and deflation cannot be turned? And then who is next? Has China already played their global card, or play it next? And what QE             would that be? How long will they leave their newly built vacant "cities" lay empty. And if deflation is not turned in Euro             land, (why would Germany want this anyway), as is their nature to be more conservative than the rest, will we reach the mother of all pivot points world wide, and realize QE             cannot work going forward to save deflation... bottom line... you have to have someone to sell to that has the resources and confidence to buy. This goes for bread, cars, and stocks . Is Euroland too wounded at this point, among its minor players, to rebound in reality (Spain, Greece, etc) as a group and whole. This is not one nation, one person at the helm. These are multiple nations who tend to argue and have very different economies trying to act as one? Rule by committee takes longer to decide anything, if anything gets decided at all. OK long post, and much more to come and watch on this front, but this is the front now, where the main battle is. I am keeping one eye on this battle, and the other on my daily charts . All the best.
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