They’re persistent. Turned up on EBS platform.
From around 1.2835 we’re back up at 1.2870 in increasingly choppy trade.
22 Responses to “BIS seen buying EUR/USD again!!!!!”
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AUTOREFRESH 
Are they still buying at 1,2875 ? I mean that persistent ?
I also which to ask are bis still buying at 1.2480
of course they are buying it, coz they know USD is a worthless piece of paper…
kengur9
Although I live in Europe…i see USD in much better long term shape , than EUR…i am sure the point will be proven in upcoming months. You sound like You hold LONG EUR position lol
Every money is printed paper, gold, diamonds are girls best friend and we are just stupid men hehe
I am long EUR/CHF since friday night and monday morning
hi gerry, should i stay put on buy and wait till tomorrow for better results something like 1.30……..
Czechdaytrader: what in the world makes you have that opinion? It certainly isn’t based on historical performance or current fundamentals of course (first of all since you are forward looking, and also secondly because that wouldn’t support you anyway). The U.S. is more in debt, the control over their spending is next to non-existent . They can also easily devalue the dollar by printing more money. Furthermore, it was not that long ago they defaulted the last time by depegging the dollar from gold. The U.S. has furthermore moved more and more to the left while Europe has moved more and more to right… Furthermore, in certain areas of Europe there is huge potential for improvements; surely you must be aware that your own country for example has a huge growth potential?
@ Johan Europe has moved more and more to the Right?
The three important countries in the EU are Germany (the most important country) (centre-right government), France (centre-right government (Sarkozy defeated the socialists)) and lastly the UK (centre-right government (Cameron defeated labour)). Add the strong EU-movement for fiscal discipline (less money printing means less distortion of the monetary system and thus transfer of resources to the government (i.e. in effect this means less socialism)). Even in my own country, Sweden, (historically known for its “soft” socialism and being ruled by social democrats), we have a centre-right government and it looks like they soon will get re-elected. Two thumbs up!
In the U.S. Keynesianism (looter economics) is currently and unfortunately the norm, is there anyone left who thinks that “Obamanomics” is working…? The U.S. IS going more and more to the left….
Steve, what are your reasons for not thinking so?
Johan: The US has one ace in the hole, providing they are not so stupid to negate it (*not* a given, ), and that is that immigration keeps the US population rising, whereas EZ population is really stagnant. The US has a potential population of a billion or more. And this potential is not just physical, but political. I would say the EZ has no such potential, particularly on the political side of the equation. I do note however that there are right-wing elements in the US that want to negate one of its true advantages. Some people like guns, and some people use them to shoot themselves in the foot.
I’d be more interested where the right is?
Good points Lance! However, first of all, according to most population projections the US will never reach a population of one billion, not even close I’d say… On the other hand, the EZ is an area in expansion. Looking 15 years in the future, even Turkey (with it’s young population) might join the EZ. Actually, I looked at some U.N. figures from 2004 and they projected a long term acceleration in European fertility rates while the U.S. figures where predicted to be rather stagnant. So yes, the U.S. has to rely on immigration to keep expanding the economy (especially as there isn’t much investment right now) – however, something fundamental changed in the U.S. after 9/11 and I am not confident that there is political will to increase immigration. In the very short term, the economy doesn’t justify it either.
Although I hope things will turn out well for the U.S. I think everyone can agree that the U.S. currently has a very long road to travel to financial health.
If young people can tell us anything about the future; I’ve noted that compared to ten years ago, not many Europeans are that interested in going to the U.S. anymore to study; the BRICs are much more exciting places – that’s where the growth is! Both Europe and the U.S. are stagnating in their own ways but I think that the U.S. has the larger adjustment to make because of various reasons.
Steve, I am not saying that either Merkel or Cameron are hardcore Randians by any means but if we compare them to Obama, he’s the socialist in my book at least…
And straight to the point, who have really been expanding their economy the last 10 years while the U.S. has been busy printing money?
http://www.wolframalpha.com/input/?i=%28europe+gdp%29%2F%28us+gdp%29
Put simply: Keynesianism doesn’t work. One doesn’t create wealth by printing money either directly or indirectly, I hope the U.S. will realize this soon.
I too can’t understand why Keynesian ideas became popular again over the last few years. Who runs their household like that and succeeds!?
And the ultimate case in point: Japan. lol!
Yes indeed, fxgai!
Unless some genius, new economist steps on the scene VERY soon I’m afraid we’re ALL up the proverbial creek, David
all that money printing good for those families who aleady stockpile gold, property, oil stocks,weapons, drugs etc, real assets… they go up in value while everyone else goes broke and loses their houses. then they can buy em all up cheap… economic warfare, eyes and pyramids.
Oh, wikipedia has an article about “2008-2009 Keynesian resurgence”: http://en.wikipedia.org/wiki/2008%E2%80%932009_Keynesian_resurgence
Just a random thought, but perhaps a problem with Keynesian ideas is that they can’t work if people don’t believe they will. “Spend and hope” seems to sum it up nicely.
Johan, i feel so sorry for many European people who in my opinion are being led down the path to nowhere.
IMHO there are too many differing cultures and work ethics for this experiment to ever work! too late, under education all part of the goal!
The bigger picture is something horrific leopards don’t change their spots!!
but that’s only my view!
that’s why i left the region!
You all can make the phone call to commit me, but I’m on Team Sagan
Growth economies can never work on a finite planet. ‘What the strag will think is that any man who can hitch the length and breadth of the galaxy, rough it, slum it, struggle against terrible odds, win through, and still knows where his towel is, is clearly a man to be reckoned with.’