Wednesday, July 09, 2008

What is with Israeli Shekel

There is an almost insurmountable WALL at 3.16, which I thought would be reached on last move, but it chose not to and decline(rise) and now we are back down here again at 3.22.If, somehow that was ever broken the next cluster stands at 2.92 and if this gives the way the next levels are 2.65 and 2.50.I think that BOIsrael is negligent in this case and Israeli people will pay the price.They do nothing to stop speculators and this is not a currency that anybody seriously wants to have or trade. So, the speculation can be stopped internally, but it is not done, I Guess BOI wants to buy Dollars even cheaper(:- ( they must assume there still lot of it under the mattress and the LUXURY apartments still need to be payed by foreigners in need to trade EUROS and DOLLARS into SHEKEL).Well, There goes the generation of COMPUTER specialists that will never find the jobs in ISRAEL again(at least the jobs at foreign companies that wanted Israeli computer know how, but not at 3Shekels/Dollar, Dear INDIA take over please...)( IRELAND ANYONE?). In any case. Our numbers will eventually do the job and you have the numbers.

11 comments:

Wanderer said...

Dear Boris,
Good morning.
Opportunities abound! I've reduced trade size to account for the large swings we're getting in some markets.
Thanks for all of your ongoing efforts:)!
A great day to you.

Bert

Anonymous said...

Boris,
2.5?
I might as well just stay home since I'll be laid off my job in hi-tech by month end at that rate.
HOW does anyone believe that the shekel is actually fundamentally worth 3.2 let alone 2.5???
We have lost all sense of real value. Please save us from ourselves. We'll be so flipped over, it will be the 1980's all over again!

Wanderer said...

Hi John,
The Cubs picked up a very good pitcher in Rich Harden. If he stays healthy (that's been his only drawback), he and the Cubs, should do very well.
Good luck!

Bert

john said...

Wanderer,

He is very , very good if he stays healthy. If I can get tickets, I am going to thursdays game, taking my God son. I am busy in retirement+ Boris, fishing, Cubs and my God son's baseball games. He is trying to make the high school varsity next year and he is the ultimate Cubs fan.As Boris would say- Good Trading

Old John

boris said...

Dear Mimil,

As a former Intenrational Computer personality, I can tell you that all my sympathy is with you.

Meanwhile there seems to be to things that occupy current Israeli Gov.

1) Keep the Israeli Consumer happy, till the ELECTIONS( polititians(:-

2) Keep the Builders happy and BOI profitable by fleecing some unsuspcted foreigners and Own citizens of the Dollars they they know will go higher later.


In all of this ENtire industry is trown to GOGS for food and that is unfortunately your/my former industry of High tech and Low tech of all kind ( exports)

If us correspoinding on this subject helps. I am happy and please let other friends in your business raise the issue, so that
BOI does not remain deaf for too long

Good Trading

boris said...

Dear John, and Wanderer.

I do hope for Cubs sake Dear Harden
stays healty...

But this reminds me my Jag(uar) from 1977. It was beutiful as long as it was not on a flatbad carried for next repair in some garage...(:-

Just a stupid joke(:-
I wish Dear Harden CUBS good/Gread season

Good Trading

boris said...

Dear Bert,
Good morning and good to hear that you are adjust to volatility ( more like uncertainty). For last 3 months Dollar has FALTLINED witin 3 points, amazing what the CENTRAL bankers can do, when/if they put their mind to it(:-

Good Trading

tim c said...

Dear Boris
I lost my password to the protected site
Can you e-mail the password again,,,I'll do my best to keep it in a safe place this time,,,thanks--Tim

Wanderer said...

Hi John,
Nice to hear about you and your God son going to games together. I hope that you can get tickets for tomorrow. Good luck to your God son AND good trading to you.

Bert

Wanderer said...

Dear Boris,
Yes, 3 point range for 3 months. No doubt their clients have benefitted from this.
Good trading to you.

Bert

boris said...

Dear Bert,
From what I hear they all needed to DISTRIBUTE and it takes time(:-

Good Trading