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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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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 20, 2010 11:19
Greeces 3-Month Treasury Bill Yield Doubles on Default Concern
Greece sold 1.95 billion euros of 13-week securities today to yield 3.65 percent, compared with 1.67 percent at a sale of similar debt on Jan. 19, yet the auction was covered 4.6 times.
Clearly speculation on immediate bailout. Accordingly bund yields rise price drops.
I quit EUR/USD long now it is unclear what happens if bailout is postponed.
jjstone
Toronto, Canada
Posts: 45
14 years ago
Apr 20, 2010 7:21
Long Euro
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 19, 2010 19:36
Yields on 10-year German bunds rose as much as 0.24 percentage point relative to 10 y UST in prospect of Greece default and bailout. Could be we see EUR drop sooner than anticipated.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 19:16
Dear catnip
I believe 86 in 2010 and will be in 90s in 2011.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 19:15
Dear Asad
The corelation bw equities and dollar index is dying, libor and yields are more relative now this all suggests a long term dollar uptrend is in the making as the currency markets will tend to re capture there normal trends and behavior, But short term picture is completely different seriously its a dangerous and choppy market to trade in.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 19, 2010 18:27
For the moment EUR looks like bottomed out but up trend? USDx shows no sign of weakness. In med term I expect USDx up target could be 86 then I think EUR should buy around 1.25 USD . Comparing economies US recovery is sluggish at best but for EURzone the worst is still to come. Govts cannot
subsidize jobs forever ( i.e part time jobs , no lay offs employer pays half wage govt the other half)
as this puts productivity down. Sometime soon a big wave of layoffs will start.
However imo the biggest threat is China 60% of GDP is construction....we are familiar with housing bubbles I think. I observe SSEC Shanghai index and Hongkong H financials and options open interest on Bank of China.
asad
London, UK
Posted Anonymously
14 years ago
Apr 19, 2010 18:19
My friend Shane,

I did not! I've been short Nikkei since last week. But Asia, Europe, Africa, Australia, S. America, Antarctica, (part of) N. America & Altantis have been selling off since two weeks! It's the US that's been doing the opposite.

So when I say sell-off, I mean the US. & so do the masses...


Asad
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 17:56
asad
You missed out the asian sell off, anyways i believe the short term trend has changed medium term may be long term no way.
asad
London, UK
Posted Anonymously
14 years ago
Apr 19, 2010 17:22
Shane,

...because the moolah is going towards JPY. Also, the sell-off hasn't really started, has it? I mean, -34 isn't really a sell-of, is it? ANyway, the DXY is 1.1 up since Friday, which is major by any standards...


Asad
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 19, 2010 17:04
Ashraf
The sell off in equities is not really helping dollar much as it would a few weeks ago. why?
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