Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
1...230523062307230823092310231123122313231423152316231723182319...3077
usikpa
Moscow, Russia
Posts: 77
13 years ago
Jan 29, 2011 9:20
Ashraf,

Beyond the current flow of events, what do you think of the announced plans to extend the debts of european peripheral governments (Greece and Ireland, so far) for 30 years ?

Can Germany afford it?

If it is true, will the bund rates shot up thru the roof? Look at 2 year yeild marching up in the non stop fashion. The Bund - 2YR US Note differential will only increase. The real money and ACBs have been buying euros on the back of short term rates expectations, simple and plain.

This seems to be the driver behind the current move into the Spring. Will we see 1.40 by March?

Please respond
montmorency
Abingdon, UK
Posts: 610
13 years ago
Jan 28, 2011 23:42
On: January 27, 2011 00:28 GMT, Said said:
"eh montmorecy
what indigo meter?"

@Said:
I don't know why you say "indigo meter".
Catnip has referred to a strength meter several times, a currency strength meter obviously. I know there are several around, some free, some chargeable.

Anyway, I have now done some reading around the subject, and I see that it is used in a slightly more subtle way than I had imagined, and of course, in conjunction with other information.

Catnip didn't reply (or I didn't see his reply). Maybe he didn't see my question, or perhaps prefers not to talk about it. Fair enough.

I am glad I have missed the Fundamentals vs. Technicals arguments. I won't be joining them.
I would add though, that there is another factor, namely "Sentiment", which might be regarded as part of Fundamentals, not that it really matters what you call it, but it is important in trading I think. Ashraf is talking about this all the time, although he may not necessarily call it by that name every time.

I hope everyone had a good week, and has a good one next week.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 21:23
euro is due a correction of some degree, riots or no riots. Otherwise what goes STRAIGHT up tends to fully retrace with equal speed. I am expecting more than just one solitary day of pullback.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 28, 2011 21:11
assume Mubarak is ousted by sunday , which is likely , Eurusd will be 137 by monday .
On longer term China rate hike will bring commodities down , no rate hike necessary for ECB
BoE..FED , stocks will raise and USDx will fall so next target 138 is likely .
Yoni
Turku, Finland
Posted Anonymously
13 years ago
Jan 28, 2011 19:55
it is nice to see that catnip reiterates his 1.40 eurusd target as today everyone and his brother is shorting eur on expectation for armaghedon in Maghreb and Middle East.
Yoni
Turku, Finland
Posted Anonymously
13 years ago
Jan 28, 2011 19:53
Thank you, catnip.
eurusd to 1.40? so is it strong buy aggressive at current levels?
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 28, 2011 19:45
I remain bullish for eurusd provided Mubarak is replaced by another CIA-Knesset buddy.
At least for 2 months.
The riots will not spread to Arabian oil thus Iran has time to finish its A bombs.
Will not spread to Lybia either.
not THIS time
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 18:42
Yep I been waiting for $ strength to overtake chf strength on the meter but they remained pretty much level. gl.
Ignore
Posted Anonymously
13 years ago
Jan 28, 2011 18:40
have to have right ratio before scaling up size
Ignore
Posted Anonymously
13 years ago
Jan 28, 2011 18:37
Dave thanks..yes, swiss trade taken to hedge long euro but swiss having no runup on it..
but had to take it..usd/chf now 30 so pips down but also have sht euro starting to produce...so have two trades on same
wing..need to balance but thinking buck strength follow thru big possibilty..
so will let ride..long $ not bad over w/e
Report Reply
1...230523062307230823092310231123122313231423152316231723182319...3077