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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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Mentawai
Nice, France
Posts: 25
14 years ago
Jun 26, 2010 18:37
With Greek and Austrian Banks the most exposed to Romania,Do you think those measures will be counterproductive on Romania economy and increase the fear on risk contagion in the eurozone?

http://news.yahoo.com/s/afp/20100626/bs_afp/romaniaimffinanceeconomybudgetvattax
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 25, 2010 22:45
Chris Vermuelen's blog has some interesting things to say about the USDX, also gold, oil and the S&P:
http://www.ashraflaidi.com/forex-blogs/1250/
June 24, 2010 01:31 GMT:

(See the video: http://www.futurestradingsignals.com/trading-education/gold-oil-us-dollar-sp500-technical-trading-video/
)

He sees a possible fall in the USDX to ~83.

Would be consistent with strong Euro rise.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 25, 2010 22:33
@Catnip: Well, that seems to have been the case last 3 days (not sure about before that).
These look more like specific spikes to me though.


One more indulgence please, Genaedige Herr :-)

What is your ~1.27 level based on. A Fid level?



The little b*gg*r doesn't want to die though, that's for sure.
said
mulhouse, France
Posts: 2822
14 years ago
Jun 25, 2010 22:20
catnip

what do u suggest of the high bid to cove ration of seven years treasury? signs of inflation or deflation?
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 25, 2010 22:07
The eur is weak during euozone stock markets open and begins to rise at market close. That is around 16:00 GMT
Dodger
London, UK
Posts: 139
14 years ago
Jun 25, 2010 21:20
OK,rebalancing of Russell 2000 index at close of wall street caused that final spike and explains why there was no friday afternoon,pre G meetings,pullback of any sort! Had to do a bit of money management at end of trade but ended up holding short GBP with a long stop over the weekend,have to sweat till monday pacific and hope the japanese will see it as oversold as is euro or keep my fingers crossed for juicy stories in the sunday press of a straining coalition.
Pipster
UK
Posted Anonymously
14 years ago
Jun 25, 2010 21:20
Station D

Your summary account of what the markets are doing is extremely helpful - E.g your post at 14:43 ET

Amazing
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jun 25, 2010 21:12
@Catnip: Thanks for further explanation re bull-trap.
Any thoughts on the specific spike around 16:00 GMT?
Another hedge fund unloading shorts, or what...?


Ouch .... Cable just had a last little run up before the close which hurt me!
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 25, 2010 20:45
I wonder somewhat why crude isn't much higher... the drilling ban perisist also for shallow water drills , the hurricane season approaches which does usually spell supply disruption... but crude isn't reacting that much. Most likely oil traders are well aware consumption is dropping steadily
and with actually 20% unemployed and another 20% employed but low pay holiday season won't make a difference.
Dodger
London, UK
Posts: 139
14 years ago
Jun 25, 2010 20:40
Euro and pound ridiculously overbought but still not backing off on a friday afternoon with G8 and G20 at the weekend! Ok oil is up but seems to be a lot of irrational exuberance taking over the new york session or it just me???
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