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More Euro Losses Ahead
More losses in the euro are seen ahead despite rallying oil prices.
Finally someone who sees through the forest and tells it like it is. The ONLY CAP on Usd is its status as a funding currency!
I disagree with your positioning for Euro dollar.
With the 4 dec jobs report, the bias and the yield differential shifted in favor of the dollar. now with the 8 jan jobs report, the euro should benefit and the US 10 year yield should come down - and more so with a weak inflation number if that comes. So, positioning should go towards dollar short.
you were quick to adjust to the change in fundamentals reflected by 4 dec jobs report. Otherwise, you had a year end Eurdollar target of 1.57. However, now you are suggesting 1.38. Fair enough on technicals but does not look like the macro is supporting it.
perhaps u r few days late in adjusting to the significance of the 8 jan jobs report?
the US deficit is here to stay and so is the weak recovery. The fed should have no options but to continue with low interest rates for a long time. Bernanke would not do the Japanese mistake of nineties.
j
You are all learning a stiff lesson regarding blind faith in a pide piper who just led you all over a cliff.
The next shoe to fall is the swiss cheese usd/jpy crashing through the 92.20 "support"!
You are absolutely right.
I'm pretty new here, but I've been around long enough to notice fools like this guy. Not too many sane people are up this time of night in the western hemisphere.
Good night and good luck. God bless.
Haydar Dako
This 'resident' lunatic was spewing "sub-prime" quality remarks under another name a few months back, and was chased away by well brought up forumers who were taught proper manners by their parents, he thinks he is smart by showing up with another lunatic name and wont be identified.... :)
As Mr Ashra, has said ignore him..... it will drop off like a "rotten" corn.