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

EUR

Discuss EUR in this thread
 
redstone
bristol, UK
Posted Anonymously
15 years ago
Apr 5, 2010 17:07
dollar seems to be falling back. what happened to the supposed rate hike ?
jamshed
Pakistan
Posts: 57
15 years ago
Apr 5, 2010 16:50
Euro relative value is atleast 1.40 to the dollar and more. Strength of coomodity currencies vs the dollar suggests that dollar is not appreciating .. rather there has been an attack on the euro due to debt concerns. By end of May, greece debt is taken care of and with any postive numbers out of the eurozone, the euro is going to climb back up to 1.40. This talk of a strong US recovery is faulty. The Fed has been printing money and stimulating the economy. Now its trying to limit its balance sheet. This will bring the recovery down and force the Fed to start asset purchases again. Meanwhile, the 10 year is going past 4 and soon going to take out the air of the housing recovery if there ever was one.
Is it not clear that dollar is going past 100 and this is going to stoke inflation in US and eurozone.

Clearly, the ECB will be raising intrest rates before the end of the summer. Euro is a hard currency - look at the price stability of the eurozone. At some point of time, the falling dollar will create panic and many will be burnt - including several punters out here. Can any of you "seriuos" traders mention how much money u made shorteing the euro or dollar? thousand bucks?? this shows from the quality of comments that appear from most of the people in this site now.

I have read Ashraf's book and in he did make good sense over commodities, china and the strateic shift in reserves. But now I think he is geting too much carried away on short term direction of the dollar and has lost sense of the US deficits, inflation thats coming up and growing influence of Indo china.

It would be great to see some serious comments on this website. Mostly what I see is jobless day traders losing their savings while making nickels and dimes in 100 pip moves.

Where s the big picture?
macrosam
United States
Posts: 190
15 years ago
Apr 5, 2010 15:35
This is all noise, market still digesting NFP from Friday as well as looming treasury auctions and FOMC this week
speculator
Posted Anonymously
15 years ago
Apr 5, 2010 15:26
decent us numbers so far but market not liking them or just waiting for fomc meeting?
sydneyjames
Sydney, Australia
Posts: 348
15 years ago
Apr 5, 2010 15:18
who is shorting euro now? say ayeeee
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
Apr 5, 2010 12:56
desi,

Indeed, me too.

dj
ptaczek
Brno, Czech Republic
Posts: 110
15 years ago
Apr 5, 2010 12:54
@Desi: indeed, a very nice one. Stage set for 1.32 by the end of this week :)
Desi
UK
Posts: 69
15 years ago
Apr 5, 2010 12:49
I see H&S in H4 Share EURUSD
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
Apr 5, 2010 10:19
PIIGS is not over. Support for G so far is just informal talk. EUR is doomed as there is and always has been only talk but not any kind of EURO zone common economy politics. AND the EUR countries together have the world's biggest administrative overhead. Would US still be around if it had to support
more than 50.000 politicians and more than 8 million govt officials ? AND another 15 million of those retired fed with incredibly fat pensions? I bet no and I'm sure l'll win.
PureStones
Korea Sout
Posts: 67
15 years ago
Apr 5, 2010 10:00
Nice week start!