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| Politics Forum Index » Immigration Politics Forum » ReCap of Oil Futures & Dollar // Euro... |
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| charles bash... |
 Posted: Sat Nov 07, 2009 5:12 pm |
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This past week, the "benchmark crude oil" closed, Friday at $ 77.43
which appears to be in the ballpark for continued market Support for a
price level of 'approximately' $ 80 a Barrel Crude Oil. As I forecast
last weekend.
The Dollar// Euro exchange rate on FOREX, however, continued to fall
during 1st 3 days this past week, and resumed its persistent rise on
only Thursday & Friday to close on Friday at ::
one Euro == $ !.4882 which is Not a new high but fairly close to the New
High for the year of $ 1.502 set on 23rd October. Euro about {1+ .4 }
cents short of the High, on Friday. {{ -- $ 0 .014 }}
I expect the Euro to extend gains in value, this coming week, building
on the 'close' prices of Thursday & Friday, this past week. FWIW.
Several prominent figures on the "national scene" have recently
predicted "national {{ federal treasury }} bankruptcy" as though it is
inevitable and Nothing Much to worry about!!!
C. Bash
~ jezizz what next ~
<<< We Will Have Budget Deficits of Trillions Of Dollars For Years In
The Future! <<< ==o== president obama ,,,,,,, feb 2009 ,, |
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| charles bash... |
| Posted: Sat Nov 07, 2009 6:43 pm |
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Guest
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Another worry about the Euro // Dollar FOREX.
Go to Google and search::
Quote: [[ euro replace OR replacing dollar ]]
You will see 1,820,000 Cites on this topic! Many dated in 2007 and 2008
but others going back to 2003. {{ Many are duplicates, of course }}
Here are some "facts" from an "Economics Help" Blog. As essay titled on
"Why The Euro will Replace the Dollar as the world's Reserve Currency!!"
{ dated about April 2008 }
(a) Since 1999 the Dollar as the world's Reserve Currency declined
from 70.9% to 64 %
(b) the Euro has increased as the world's Reserve Currency from 17.5%
to 25.8%
(c) British Pound holds 4% as world's Reserve Currency
(d) Japanese Yen holds 2.5% of world's Reserve Currency
Note:: Petroleum and Most of world's Commodity Trading is in Dollars,
even though London has a Great Commodities Exchange!
And New York has the New York Mercantile Exchange,, [ NYMEX ] Plenty of
current talk about replacing the dollar with the Euro for International
Petroleum,, 'spot' and 'futures' trading. OPEC wants it !! Bad!! OPEC
helped get rid of "Light Sweet Crude": as the world's benchmark oil, in
favor of "West Texas Intermediate Crude" which you see quoted frequently
on API. {{ by me }}
Hope the foregoing sheds some light~
C. Bash |
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