EUR

Anybody have thoughts on shorting EUR/GBP? Looks like a TL resistance of 82.50-55 is holding up nicely, but if it breaks, it looks like 83.40's is the next stop. Any comments are appreciated...

Well I don't know Jamshed if US and Japan will take the lead. Europe could take the lead as well. I mean, Europe is the best place for retired, but not for workers. They are already printing money to sustain theirs bank's balance sheets. Yes, Europe is doomed. And we are just awaking and most of us do not want to see the truth : we are bankrupt. Period.

So IMO this is going to be a huge roller coaster over the next months

eurusd short @12483

US GDP expectations of 3%+ in 2nd half are crashing down.
If the US also comes up with sub 1% GDP growth, then whats the difference between Eurozone and the US?

This is the turning point for the Dollar - fasten your seat belts

A fiscal stimulus is key for the faltering US economy and this is not going to happen due to the US political scene. With a fallling stock market and faltering employment figures, the US consumer along with the firms will cut back resulting in a sharp drop in consumption.

Only way out is a fiscal or monetary stimulus. Get ready for the Bernanke printing machine and a sharp drop in the Dollar and the equities.

This is a classic out of 2008.
Europe and the rest of the world were rebuking the US policy makers for its recession and "deleveraging" was in. Come 2010 and every thought that trashing Greece and Europe is great while the US and China can sail away. But the correction in the Euro has been a prelude to what was coming for the rest of the world. Everone is connected and growth cannot take place in isolation.

The only out of this is by printing money - and the US, Japan will take the lead. Since these central banks and their citizen are most used to printing money.

whats the safe heaven now !