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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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PureStones
Korea Sout
Posts: 67
14 years ago
May 17, 2010 6:57
always thanks ashraf!
DAHAB
dubai, United Arab Emirates
Posted Anonymously
14 years ago
May 17, 2010 6:41
hi, ashraf thks for nice update...we hope more from you thkx....
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 17, 2010 0:44
Hi everyone, I was travelling throughout most of last week in full-day Expos and conferences therefore had little time to do updates. Twitter here and there as well as the regular IMTs.

Early last week I did mention 1.2350 and 1.17 as the major targets in EURUSD. so 1.23 is the immediate support, followed by 1.17

Will try to write more frequently this week until I travel again.

Ashraf
DAHAB
dubai, United Arab Emirates
Posted Anonymously
14 years ago
May 16, 2010 14:45

--------------------------------------------------------------------------------

China's Stock Market is Crashing........as mentioned by ashraf laidi, if china also fall in trouble ...i think euro will fall down to earth............i think worst rate of euro is still yet to come for euro....ohh god....
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 16, 2010 10:15
If excess liquidity moves into economy we'll have indeed inflation.
An effective method to mop up liquidity are occasional stock market crashs.
All reasonable signs point to deflation and co-devaluation of currencies.
speculator
Posted Anonymously
14 years ago
May 15, 2010 18:31
the problem here is bakruptcy has passed from corporations to the government coupled with huge unemployment and unsustainable fiscal practices. The only way risk can rally firmly is if investors see solid economic rebound ie falling unemploymet rates and rising GDP. We are not really seeing much of this at present. The advent of higher taxes around the world will only curtail economic recovery. 2010 will proove to be a very difficult year for money managers that use simple approaches. Hedge funds are likely to perform very well!

ps next week i may be working for Barclays wealth investments fingers crossed.
rim
Turkey
Posts: 121
14 years ago
May 15, 2010 17:41
Dear Ashraf ,

May I know your opinion on possible EU rate hike near term in order to prevent collapse in EU,

since FED will nor hike rate to prevent more collapse of EU , but conditions will force them ?
Karan
Singapore, Singapore
Posts: 83
14 years ago
May 15, 2010 14:02
@ speculator - i highly doubt the fed is going to increase interest rates this year eventually the issue of who is going to increase interest rates first will temporarily disappear each time the FOMC meets, pushing the euro up. Any good news whatsoever from the Eurozone will push risk assets up as well. This is of course, just short term. Longer term i think you are right.
speculator
Posted Anonymously
14 years ago
May 15, 2010 13:15
FX handler thanks. I am a long term currency investor. At the time when I posted my dollar to rally 4cast in late 2009, most of the banks were calling for a weaker dollar. Also in q1 i warned about the heavy hedge fund speculation against pound and euro and that this should not be taken lightly...a few months later the trend extrapolates.

There will be little reason to buy euro and pound against the dollar for 2010. The only way this could change is interest rates in UK/Euro to rise at a faster pace than in US. I doubt these central banks will raise inetrest rates at this time.

The pound is HIGHLY likely to breach 1.35 against the dollar this time round although i am not certain of it.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 15, 2010 10:09
I do not believe but I give absolute precedence to the fact economics and value of money are strictly mathematical disciplines. Thus it cannot be otherwise but a coordinated devaluation of currencies although there is ever less money and ever less capital. I cannot follow those arguments on inflation.
There is ten times more debt than there is capital. That is deflation at its very best. Thus the next shoe to drop gradually is USD and JPY. I don't think EUR can regain 1.3 but it might go to 1.28 next week.
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