Posts by "stationdealer"

just as many speculator have found an opportunity to sabotage the euro. many are forgetting that US debt crisis is still not over, recent continued growth scale is coming through well-manipulated sentiment measures and through a very bumped up stock market. In real essence job market is still getting worse do not be surprised if you see another 100k plus job losses this Friday after the as ever unreliable ADP report.
Further exports are declining again, retail sale will give clearer picture end of second quarter(from mostly summer sales) about the real inventory, spending and purchase cost scale. Interest rate will remain constant this year which i can be certain of while i suspect ECB and BOE to raise 25bp close to the end of 3rd quarter. Political out of the election in UK will not hinder much GBP's rise back up to 160 within this year.
But certainly the recent Greece crisis did make dollar haters focus their balance of attention off US and on to euro. Even this will not carry on for long as note circulation for euro usually gets it back up in demand automatically.

I was basically talking about GBP vs most global currencies. Its made all time lows vs allot of them.

catnip
Frankfurt, Germany

May 4, 2010 06:02 ET

"Volker Kauder, the parliamentary head of Chancellor Angela Merkels Christian Democratic Union, called for the possible orderly insolvency of European states as consequences follow from the Greek crisis."

This can be taken very negatively by markets and big hedge fund will be ever so opportunist to start sell euro again aggressively