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Forex Forum Archive for 12/1/2012
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Cambridge Joe 21:46 GMT December 1, 2012
GVI Forex Weekly Trading Themes
I love Politicians, but I couldn't eat a whole one.
Two crocodiles were sitting at the side of Lake Burley Griffin in Canberra .
The smaller one turned to the bigger one and said, 'I can't understand how
you can be so much bigger than me. We're the same age, we were the same size as kids... I just don't get it.'
'Well,' said the big Croc, 'what have you been eating?'
'Politicians, same as you,' replied the small Croc.
'Hmm. Well, where do you catch them?'
'Down the other side of the lake near the parking lot by Parliament House.'
'Same here. Hmm... how do you catch them?'
'Well, I crawl up under one of their Lexus cars and wait for one to unlock
the car door. Then I jump out, grab them by the leg, shake the censored out of
them, and eat 'em!'
'Ah!' says the big Crocodile, 'I think I see your problem. You're not getting any real nourishment. See, by the time you finish shaking the censored out of a Politician, there's nothing left but an arsehole with a briefcase.'
GVI Forex john bland 21:05 GMT December 1, 2012
GVI Forex Weekly Trading Themes
Reply
-- GVI Forex Trading Theme of the Week--

The politicians in Washington (and elsewhere) never fail to disappoint. Now that they are back from the Thanksgiving break, they are back to their old tricks. So what we see every day has been political posturing by all parties, and whenever they speak, forex, equity, bond, etc markets react to their headlines. We cannot speak for voters, but it is our perception that they must be disgusted with this spectacle and just want reasonable decisions made quickly to resolve the budget issues. They are not going to earn popularity points by dragging out the discussions until the last minute at the end of the year. There can be no constituency for reckless behavior by this bunch. It would be unrealistic to expect any changes in the week ahead.
The first week of each new month sees the release globally of PMI data. These Purchasing Manager Indices are the earliest
read we get on how economies are performing in absolute and relative terms and are always closely watched. In addition to the PMI data, the first week of the month tends to see key central bank decisions. The Reserve Bank of Australia is expected to cut its key cash rate target by 25bp to 3.00%. Its unclear what the RBNZ will do on Thursday (in New Zealand), but the Bank of England and European Central Bank are expected to keep rates steady on Thursday. This week also sees key employment data from Australia Canada and the United States. For additional detail (dates, times, data estimates) visit the Global-View Economic Calendar and the Forex Forum as key items are released.
-- John M. Bland, www.global-view.com
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