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by Ashraf Laidi
Posted: Feb 23, 2010 18:53
Comments: 201
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This thread was started in response to the Article:

Gold Catching Down with Euro

Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
 
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coolshades
UK
Posts: 53
14 years ago
Feb 24, 2010 11:23
i too did not catch the fall from 1103 even though i was watching it :( i am in now, though not at the best price.

oh well lets see. ashraf has given me so many pips, that in the worst case, one loss will not hurt me.
chloethebull
Posted Anonymously
14 years ago
Feb 24, 2010 11:19
none of my shorts were filled but i covered my only position @1100..lol...now im scrammbling to get back in ..i doubt we;ll get back over 1100 might have to step up an just short it..when i fell asleep it was @1105-06..now its sayn its only down 10buks not sure why were soo low 1090..gl
klevera
seoul, Korea Sout
Posts: 51
14 years ago
Feb 24, 2010 10:58
To me EUR/USD at 1.4 is a pop, i don't think we will see any catalysts to create that move.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 24, 2010 10:26
Hope you got in guys. I didn't get in at the top or out at the bottom (for now), but I got a good chunk.
As I write in the other Gold thread, I don't understand the timing of why it fell sharply this morning (0900-1000) GMT, but I'm grateful anyway. As I write it is slowly advancing up through 1093-1094.
Pre-Bernanke nerves or what?
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 24, 2010 10:25
@Magess, very interesting perspective. Keen to see your analysis.

I heard similar analysis of EURUSD in 1.50 region again this weel. I saw an analyst from DBS Bank (out of Singapore) on CNBC Asia or Bloomberg this week who is a overall dollar bear for this year, and expects the EURUSD into the 1.50 range. As for me personally, DBS's funds have been the worst performer out of my own portfolio of investments over the past 3 years - even their own relationship manager's don't recommend their own funds anymore - I am already so much underwater with them, that I take their analysis with a pinch of salt, to help me avoid wanting to puke.

Callum
Magess
Selangor, Malaysia
Posted Anonymously
14 years ago
Feb 24, 2010 7:23
I dont think Euro can touch 1.3200. I think 1.3400 is bottom. We are going to 1.4000 for now.
hmmalik
Canada
Posted Anonymously
14 years ago
Feb 24, 2010 4:54
hi pippedoff

what is your opinion wts crude tomorrow?

hmmalik
PureStones
Korea Sout
Posts: 67
14 years ago
Feb 24, 2010 3:48
thanks for your excellent analysis~ all you have a nice day!!!
chloethebull
Posted Anonymously
14 years ago
Feb 24, 2010 3:05
hey pippedoff,were are u entering the short on gold?im thinkn grabing some 1108.5-1110..ok gl
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 24, 2010 2:42
Come on! We are only at 1107.5 on Gold. Please, please please bid back up to 1117/1130.
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