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by Ashraf Laidi
Posted: Jan 5, 2010 18:55
Comments: 279
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This thread was started in response to the Article:

More Euro Losses Ahead

More losses in the euro are seen ahead despite rallying oil prices.
 
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 11, 2010 9:15
Hallelujah Jamshed. Dead on accurate. Well stated.

Finally someone who sees through the forest and tells it like it is. The ONLY CAP on Usd is its status as a funding currency!
jamshed
Pakistan
Posts: 57
15 years ago
Jan 11, 2010 9:08
Hi Ashraf,

I disagree with your positioning for Euro dollar.
With the 4 dec jobs report, the bias and the yield differential shifted in favor of the dollar. now with the 8 jan jobs report, the euro should benefit and the US 10 year yield should come down - and more so with a weak inflation number if that comes. So, positioning should go towards dollar short.

you were quick to adjust to the change in fundamentals reflected by 4 dec jobs report. Otherwise, you had a year end Eurdollar target of 1.57. However, now you are suggesting 1.38. Fair enough on technicals but does not look like the macro is supporting it.

perhaps u r few days late in adjusting to the significance of the 8 jan jobs report?

the US deficit is here to stay and so is the weak recovery. The fed should have no options but to continue with low interest rates for a long time. Bernanke would not do the Japanese mistake of nineties.

j
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 11, 2010 8:45
This USD selloff is something to behold. Even the trashy gBP. I sincerely hope not too many of you got caught the wrong way of this move due to the excessive bullishness I have been reading here lately regarding uSD.

You are all learning a stiff lesson regarding blind faith in a pide piper who just led you all over a cliff.

The next shoe to fall is the swiss cheese usd/jpy crashing through the 92.20 "support"!
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 11, 2010 8:12
Here we go. Over the next four hours the eur, gbp, aud, nzd, etc will grind higher and higher against Usd. There will nary be a down tick. U will not see sub 1.45 in eur or sub-1.61 in gbp in quite a while!
fastpips
surrey, Canada
Posts: 69
15 years ago
Jan 11, 2010 8:12
TG
You are absolutely right.
Dako
Illinois, United States
Posted Anonymously
15 years ago
Jan 11, 2010 8:07
Thanks TG.

I'm pretty new here, but I've been around long enough to notice fools like this guy. Not too many sane people are up this time of night in the western hemisphere.

Good night and good luck. God bless.

Haydar Dako
Xaron
Munich, Germany
Posts: 528
15 years ago
Jan 11, 2010 8:06
PippedOff, that makes no sense. Why should the SNB sell Euro? It would make more sense for them to buy Euros and sell CHF.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 11, 2010 8:04
It is now BLAST OFF time for usd decimation as Europe is fully open now, and trading off lame U.S. NFP on Friday.! Get ready for the running of the bulls, er, stops!
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 11, 2010 7:59
Allow me to update what's going on. The SNB intervened against ther Eur. This has cascaded down to USD rally/risk off. Hope you all aren't still short Usd/Chf, lol! Getting crushed you are!
TG
Singapore
Posts: 112
15 years ago
Jan 11, 2010 7:57
Hey Dako,

This 'resident' lunatic was spewing "sub-prime" quality remarks under another name a few months back, and was chased away by well brought up forumers who were taught proper manners by their parents, he thinks he is smart by showing up with another lunatic name and wont be identified.... :)
As Mr Ashra, has said ignore him..... it will drop off like a "rotten" corn.