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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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rkkashmir
Posted Anonymously
14 years ago
Mar 8, 2010 0:44
Yup-bad advice is EXACTLY what they've been giving here.
wolf
Melbourne, Australia
Posts: 82
14 years ago
Mar 8, 2010 0:38
looking forward to another week of mental desk banging traders crying about the bad advice theyve been given,
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 8, 2010 0:34
30/40 pip moves in Pre-Asia session based on stop-running in low-liquidity markets are usually undone in Asia session. However, USD is awfully weak, and looking like it is going lower. Even trash-euro and gbp are stomping USD.

Even Ashraf is suspecting consierable lower USD now (short term).
rim
Turkey
Posts: 121
14 years ago
Mar 7, 2010 18:56
Thanks Spec, I have the same viewpoint but on bloomberg there was a news like "Gold May Return to Record High: Technical Analysis (Update1) " on Friday and stating that Gold will go again 1225.

Maybe the marketmakers topping the Gold on Eu and GBP will do the same game as in December they made on Gold by USD Who knows
speculator
Posted Anonymously
14 years ago
Mar 7, 2010 18:30
so long as central banks can't be trusted and uncertainty remains, gold may rise regardless of USD strength. However i would not like to be a buyer of gold in the longer term as rising interest rates will certainly weaken gold. Gold is doing well as paper money is not generating much return on short terms. So over the next 3 years the metal will NOT be a hot performer unless economic/financial chaos kicks in which is currently not very likely. Moreover, the after soverign risks die down a little the gold/USD relationship will become stronger again. Since i believe the dollar has already declined in 2008 and we are in a multi-year bull I dont favour gold for an investment as buy to hold.
rim
Turkey
Posts: 121
14 years ago
Mar 7, 2010 18:04
Dear Spec,

While EU drops to 1.35 , Gold stayed so high and now above 835 EU / ons.

How u evaluate the situation ? Will it force the people in euzone to go away from Eu and to Gold , ?Deutschebank may intervene?
redstone
bristol, UK
Posted Anonymously
14 years ago
Mar 7, 2010 17:07
hmmm looks like USD is the place to be for the next couple of months.
speculator
Posted Anonymously
14 years ago
Mar 7, 2010 15:53
Yes and icelandic vote on saturday will prompt risk aversion for monday
simao
casablanca, Morocco
Posts: 51
14 years ago
Mar 7, 2010 10:53
hello guys, nice weekend for all. i dont think so we go to 1.3850 or maybe high because the situation in greece is so bad, the violence is start on greece and will be more more on this coming day, so in my opinion, keep your short on eur and gbp.
http://arabia.msn.com/News/economy/AFP/2010/March/1276293.aspx

Mohamed
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Mar 6, 2010 21:07
fxmarocain, je prefere parler langlais pour que le reste peuvent comprendre. i said many times 13770 and 13850 will hold before we drop down to 13200. Im not concerned about whether we go to 13770 OR 13850 because all of this is for me is NOISE.

I AM HERE TO CALL THE MAIN DOWNMOVES AND NOT HOW MANY PIPS WILL THE RETRACEMENT GO.

Ashraf
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