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$1.32 Euro Under Construction
The deteriorating momentum of sovereign concerns in the Eurozone & further dissenting rhetoric from FOMC to weigh further on EUR & other risk currencies.
GOLDMAN ARE ALITTLE MORE CLEVER THAN TRYING TO SUSTAIN THE DOW ABOVE TEN THOUSAND THEY SIMPLY BOUGHT PUT MONTHS AGO AT A VERY INTERESTING PRICE AND LET THE MARKET CRASH NINE HUNDREDS POINTS;
When will the GOLDman Sachs back off from goosing the spoos, and allow the market to head back south?
Oh yes, the GOLDman-backed U.S. PPT mMUST defend the technically-insignificant 10,000 at ALL costs, otherweise it will be a mass exodus to get out of U.S. fluffed-up equities.
If I understand the current Greece situation, Bailout/NoBailout is a lose/lose for the euro. The end result will be too many euros in circulation and 132 is still on the way.
Thanks,
Terry Quinn
BTW thanks for Great Tweets (louisvilleak)
Neither set of shorts is looking too clever at the moment, but I think this is a temporary pull-back. There is no EURO-positive news on the horizon that I can see ...
Of course I could be wrong...
Do u still see 3580 this week for eur? seems many traders r opening longhttp://www.forexhound.com/article/Pattern_Price_Time/Analysis/Dollar_Falling_as_Traders_Bet_on_Greek_Rescue/182736
thx
Would you share your thoughts on this emergency ECB meeting. Could not an announced plan to "save" Greece cause excessive upside in the Euro? I understand the problems are deep and not strictly confined to Greece; however, with the deep sell-off in EUR already, do you see the possibility of a rather large bounce? And do you feel that Trichet and others are purposefully going to say something to prevent further downside in the Euro? Thanks for your help. Rob.
the up side. THANK YOU,