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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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djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
May 14, 2010 9:36
$EURUSD: A yard of demand ahead of 1.2500 and a DNT barrier at the figure can not prevent the market from breaking below 1.2500.
rrose
United States
Posted Anonymously
14 years ago
May 14, 2010 9:04
it starts now
rrose
United States
Posted Anonymously
14 years ago
May 14, 2010 8:48
blood bath soon everything will fall to new lows dow sp euro aud... CRASH 2010 watch it happen from now to jun
Xaron
Munich, Germany
Posts: 528
14 years ago
May 14, 2010 8:35
White, we Germans benefit huge from the Euro. If we still had the DM it would trade much higher than the Euro and that would hurt our exports very much. So yes, we benefit strongly from a weak Euro and that's why Merkel just talked it down the last months.
White
Slovakia
Posted Anonymously
14 years ago
May 14, 2010 4:47
Shane, thats nice to see that you go to basics as well. I was pointing out to 2 years possible draught which can happen any time like in 30s. Gold for me is just an interim solution. But back to Greece. The math is clear. Even though Germans and French would lend for 0%, Greece still would not pay it off their debt. Smaller EU countries will need to borrow money so they can land them to Greece, so Germans and French can mimimalize their loses. But the interest will be 5% and their GDP will be lower and lower and do not forget Greek temperament is similar to that seen with Argentineans. I do not see feasible to go long at 1.23 not even 1.03. I wish Irish would send some cooling rain during whole summer, that would be the best help for Greek people. Something wrong is in these days, if with little savings someone can earn 10k per week.
Shane
Pakistan
Posted Anonymously
14 years ago
May 14, 2010 4:10
White
I agree but you forgot wheat, rice, sugar and the safe heaven Gold. The agricultural countries will be the safe heaven 10 years from now . All these analysts share with us only a very short term view with us and brainwash us. Ashraf is a bit different and he may be right as a dollar bull for next few years and as small traders we dont need to have in our focus the macro out look, but still we must know the facts and fact is that euro is going down for now.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 14, 2010 4:03
White.
Greece will have its toll on euro and i am for seeing 1.21 soon and may be lower but still i am already putting on strategies to go long euro with minimal risks. Sooner or later we will see a good rebound as nothing goes down forever 1.23 i see as a good point to buy.
White
Bratislava, Slovakia
Posts: 3
14 years ago
May 14, 2010 3:58
@Shane, I am not believer in $ either, but in 2 month period this night is the last chance to change it. I liked the idea of EURO, but Germans would do better if they go back to mark. BTW in 10 years the best currency will be not AUD, NZK, CAD, NOK, but drinking water and freshly baked bread.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 14, 2010 3:56
I remember before 9 december 2009 every one wanted to change there dollars into euro or wanted to buy gold, and we were thinking to de peg dollar from oil and every thing was dollar negative and suddenly heavens have fallen for US dollar becuse of one NFP report followed by a few other good reports this is all micro stuff guys as talking in macro terms US dollar is still going down.
Do our long term strategist change there economic policies with every change in trend, I dont think so. Euro will resume its uptrend and we all will be happily buying euro soon and will forget what happened with euro.
White
Slovakia
Posted Anonymously
14 years ago
May 14, 2010 3:47
@letitroll, This night you could have 50-70 pips retracement. I do not expect EU politicians will come up with another 600 over weekend. There will be no retracement like at 3/11, 4/11, 5/10. Perhaps on Sunday 6/10 you could have something like 1.2113 -> 1.2254 ;-).
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