Forex Forum Archive for 07/07/2012

GVI Forex john bland 19:01 GMT July 7, 2012
Helpful addition to FX Trading Outlook by Dillon Al



"I would add imho"

Greece troika meeting monday clearly they are offtrack
US earnings begins this week

HK RF@ 12:45 GMT July 7, 2012 Reply   
Look for selling oil(before the Iranians will be ahead of you); THE OIL EMBARGO ON IRAN IS A SCAM TO APPEASE ISRAEL AND MAKE MORE MONEY FOR TRADERS!!!!!

HK RF@ 12:35 GMT July 7, 2012
HK RF@ 14:07 GMT July 6, 2012
Strong drop in oil is possible.: Reply
My impression is that de facto there is no oil embargo on Iran, means that the US which is not interested in any military conflict(or higher oil prices) allows Iran to export oil as much as needed to selected destinations.
This can be easily done by changing ships identity, or by simply allowing oil laden ships to sneak out of the Gulf.

In short; It looks much of a drama.
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And today..... the cat is out of the bag:)
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DUBAI - Sat Jul 7, 2012 8:04am EDT

(Reuters) - Iran has reached agreements with European refiners to sell some of its oil through a private consortium, an official said on Saturday, a move designed to circumvent sanctions intended to put pressure on Tehran to halt its disputed nuclear program.

The head of the oil products exporters' union said the agreement between the exporters' union, Iran's central bank, and the oil ministry would get round a European Union ban on shipping insurance for tankers carrying Iranian oil, though he gave few details and did not name the refiners involved.
"There have been discussions with European refiners, and a final agreement has even been reached," said Hassan Khosrojerdi, the exporters' union head, according to Iran's Mehr News Agency.

"In accordance with the agreement, it is planned that 20 percent of Iran's oil exports will go through this private consortium."

He added: "It is likely that because of international restrictions, we will give minor privileges or discounts to some of the buyers of our oil."

GVI Forex john bland 12:27 GMT July 7, 2012 Reply   

Dillon AL 03:24 GMT July 7, 2012
Weekly setup videos for the EUR/USD and GBP/USD

To access the videos Click here

kl fs 00:59 GMT July 7, 2012 Reply   
So spain and italy expect easy bailouts? In the end Germany will most likely quit the rotten EU and leave the rest bleeding their gigantic debts. Euro 1.18 from here, then 1.24 then 1.08 to 1.13 and finally below parity, time frame 6-12 months