EUR

No longer inverted after Trichet's comments likely caused a bit of short covering, 2yr now trading at 7.23

1.25 for euro on the cars this year 90%

Another expert who concurs with Ashraf:


Euro May Tumble to Lowest in Year, UBS Says: Technical Analysis


By Ben Levisohn

April 7 (Bloomberg) -- The euro may fall to its weakest against the dollar in almost 12 months if it declines below a level it touched in March, according to UBS AG, the worlds second-largest foreign-exchange trader.

A drop below $1.3268, the 10-month low that the euro reached on March 25, may push the currency to $1.2892, Jim Chorek, director of global technical strategy at UBS in Stamford, Connecticut, wrote in a note to clients. That is just above the $1.2886 the 16-nation currency reached on April 22, 2008.

As long as a recent resistance level of $1.3490 holds, the technical odds point toward a sharp decline in the near run, Chorek wrote. Other than the $1.30 psychological round number, I have little support below it till the $1.2892 target, he wrote.

http://www.bloomberg.com/apps/news?pid=20601083&sid=aP8dinryZ21s

Ashraf,

In your interview www.lesaffaires.com when you say that the ECB could be forced to lower its interest rates again, I imagine that you envisage within the framework of a crisis chaine of the European deficits with Portugal, Spain, Italy, Ireland and Hungary?

UTENTE

YES OF COURSE

I HAVE THE IMPRESSION THAT...FRESNO HAS A NUKE JAIL;