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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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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 31, 2010 15:22
no my ye target was not met but came close enough. There is no strength in EUR to be seen only a weakness in USD ... so a few more days and a lot of EZone govt bond issues wait to be sold and rollover to be rolled over. No reason to be bullish on EUR. I hold no positions in EUR
all sold. Wait for asia fx on 2nd of Jan it makes no snese to judge anything from moves in a very thin market.
Ignore
Florida, United States
Posted Anonymously
13 years ago
Dec 31, 2010 15:09
Subways....happenin'? you good?
been missing chartz, might run aground without some navigation :)

Happy New Year
subway90
Posted Anonymously
13 years ago
Dec 31, 2010 14:36
just checking the market and dropping by before new year.. :)
been away for christmas..

it seems catnip's yearend target of 1.20 or 1.27 of ashraf's still have to wait...

well... asharaf's view for Aud,CHF,and gold definitely moving the other way... as for Euro.. we still have to see...

Euro would likely face some stiff resistance around 1.34 level... if it manages to settle above that level... would be going for 3650/3690 target.... let's see how it behaves...

happy new year to all!
Callum
Singapore, Singapore
Posts: 179
13 years ago
Dec 31, 2010 14:34
And that fume is likely to continue into all of Monday as Asian markets open with public holidays in Australia & Japan, public holidays continuing into EU and US trading sessions.... Perfect day of stop-loss chasing day ... As things start to sober on Tuesday/Wed, all eyes will be on NFP Friday.... We are going to need a crisis like Dubai news last year during illiquid market for shorts to pay off big time.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 31, 2010 14:10
As a general comment to any novice traders.

I started alerting the likelyhood of a santa rally a coupla weeks ago at least. This very often happens and means the boys in wall st who largely control the markets are keen to end the year on a high bonus note for stocks. Stocks long = risk appetite. Risk appetite is reflected in some of the forex pairs, in gold and in commodities. My alerts were largely unheeded by those who chose to keep fading the trends.

Next year, remember the probability of a santa rally in stocks. Its only a probability, not a certainty, but most often plays out.

Another alert I keep making is the rally in stocks most of this month has been on extremely weak breadth, stocks creeping up on fumes. Either breadth needs to dramtically strengthen early in the new year or stocks will crater. That means risk aversion. Risk will be to the downside in stocks unless breadth takes off.

Happy and Prosperous New Year to all.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 31, 2010 14:08
maybe 3480 later today, that is why i close my short now.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 31, 2010 13:53
If eurusd takes out the 1.3497 we have a cluster of resistance at 3583 to 3624 (100% sym and 50% ret basis daily t/f)
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 31, 2010 13:25


Good luck for the New Year!
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Dec 31, 2010 13:08
Wasup, you had to close your short at below 3200 as Nasakoto Yakata had suggested. He correctly presumed that a short squeeze is coming.
Anyway, it happens.
Good luck for the New Year!
Wasup
dublin, Ireland
Posts: 54
13 years ago
Dec 31, 2010 12:59
Stop order hit @1.3300.
It happens..what can you do but GOOD LUCK for the new Year.
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