T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
The (British) Pound is on its way out!
GREETINGS,
THIS EXCERPT I S FROM pg.87(THE FALL OF AMERICA); ” The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.”——
Not Much Holding British Pounds Up; Poised to Break Hard
The British Pound received a boost Thursday morning following a better than expected U.K. retail sales report. This rally died, however, short of a breakout above the recent high at 1.5701 and after sentiment shifted away from risky assets.
Technically, the Sterling is trapped between a pair of 50% levels at 1.5560 and 1.5635. Major support is being provided by an uptrending Gann angle from the 1.4229 bottom at 1.5529 today. A close under this angle could trigger a tremendous downslide.
The resumption of the downtrend in the equities markets triggered a sharp break in the commodity-linked currencies with the New Zealand Dollar leading the way lower. Today’s surprisingly bad U.S. weekly initial claims report renewed fears of a shutdown of the global economy. If investors continue to shy away from risk, then look for further weakness in the Canadian Dollar and Australian Dollar also…HERE IS MORE
One question traders are asking each other is whether the Dollar is trending or if it is rangebound. On one hand some traders believe in a bullish scenario for the Dollar because of flight to safety buying. Bearish traders believe the U.S. economy will grow at a slower rate than the rest of the world. This clash between the fundamentals could produce side ways action highlighted by periodic exaggerated swings.
Click here for reuse options!Copyright 2010 Hiram's 1555 Blog