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Posts by "xaron"
548 Posts Total by "xaron":
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Posts by Anonymous "xaron":
For me the fundamental situation regarding the Euro becomes better and better. No doubt, there are debts but this is not such a big issue anymore. The nine times oversubscribed EFSF auction is a very, very bullish sign, there is China (which is not in a bubble mode) all dips in the Euro up to now were aggressively bought. Markets tend to become tired of one story so they move on...
I think we just saw a temporary strike into the Dollar because of the news but in the long run the markets will look at the US and doubt their ability to handle their debts situation as well...
I guess that's the reason for a temporary shift into the Dollar. I used that dip to go long EUR/USD at 1.3645