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Posts by "j king"

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J king
Arizona, United States
Posted Anonymously
16 years ago
Sep 21, 2008 13:53
In Thread: Bridge Loans to ... Everywhere
Hi Asfraf

I am looking for direction on the eur/usd from here as I have moved to the sidelines

I can see why analysts are saying that the dollar rise against the Eur is over but am looking to developments in Asia which are making me continue buying dollars on any long pullbacks

The yen seems to have strong momentum against the Eur over a 6 mth horizon and has a much further potential to travel as apposed to the Yen usd which is stalled ahead of the big 100 figure

This brings me to think that the action in these pairs might through the cross rate be the determining factor in bringing the usd back toward the 1.38 are versus Eur

You can allready see the violent swings in action at the moment as the Asian markets hand over to the opening of the London forex. This kind of seesawing dicotomy of a situation also occured back around the year 2000 and I remember trading the swings for a while. The volatility is far more extreme now but it strikes me as a similar kind of arbitrage type of situation.
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