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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
no, teddy need sleep, but will wake up early 6am.
Its not over. Tomorrow if China cpi and ppi comes near 5% we'll see USDx lower EURx near constant hence EURUSD up. Don Berlusconi and Gpap ( new) could fuel the rally.
I still expect EURUSD in 1.42- 1.44 range before crash.
America, Fed. Has been practically guaranteeing no more QE for awhile. Euro., no true solution. QE when and if they can. Too much debt. Banks already in turmoil.
Hey, listen. America's last upsurge was due to taking out loans on their homes. That is dead and gone. 9 percent unemployment. Homes are the largest domestic investment and that is DEAD, dead. Historically will return from way above historic levels to below historic levels. Emerging economies will not survive the loss of our economies. do not count on emerging economies.
My comment was in reference toyour comment:
"how far does this Euro nonsense go before the sea closes back in on them"?
unfortunately, this can carry on for a lot longer than many traders can remain solvent (those who are short at least);
Nevertheless the breakng up of EUR will come. It will be extremely expensive to return to national currencies but after all the politics have failed.
gunz...all pegs break..are there any certainties...yo asked about charts...l/t weekly tp is right