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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Imo one of the very best fx trades is EURUSD short ( EURGBP short was a good trade )
if after whatever QE announcement big profit taking starts ... USD shots up and EUR shoots down. Technically EUR was weak only USDx was weaker. This may not mark a general trend reversal but a 300 pip profit on daytrading. Btw supreme court has permitted lawsuit vs. Merkel
plans of a 700 bln bailout reserve program.
Imagine reaction USD if after holidays sales fall 2.4% ? And EUR doesn't move on such dramatic
news from German economy? Believe me it will react.
Watch the chart and wait
Look the chart and wait
3rd quarter 11
Fact is German unemployment drop is mainly based on demography not on economy.
I advise to be very careful with EUR long as the economy in EZ is even worse than in Germany,
much worse. PIIGS will return in focus at any time+ France.